Global Secondary Ticket Market is valued at USD 5240.1 Million in 2020 and is expected to reach USD 9702.8 Million by 2027 with a CAGR of 9.2% over the forecast period. Increasing growth of online secondary ticketing platforms, the rising popularity of sports events, and the use of blockchain for ticketing are the significant factors that are driving the growth of the Global Secondary Ticket Market.
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Secondary tickets are the tickets resold for various events such as; concerts, theaters, and sporting games. When customers buy tickets from a primary seller, this means they are original tickets and the price customers pay is set by the event provider and a secondary ticket market is where customer can buy tickets from brokers or other fans that can’t use their tickets anymore. The secondary ticket prices fluctuates far more than primary ticket prices. Tickets often fall below face value but if primary tickets are underpriced or hard to get, secondary tickets prices can cost more than face value. In this, the tickets are bought from licensed sellers and are then sold for a price determined by the individual or company in possession of tickets.
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TickPick
stubHub
Ticketmaster Entertainment
RazorGator
Ace Ticket Worldwide
Alliance Tickets
Coast to Coast Tickets
Tickets.com
Gotickets. Com
Viagogo, Vivid Seats
TicketCity
TicketIQ
eBay Tickets
Ideabud Tickets
others.
When the supply of tickets for a given event available through authorized tickets sellers is depleted, the event is considered “sold out”, generally increasing the market value for any tickets on offer through secondary sellers. It is common for sport events, musical events, concerts etc. Secondary tickets give benefits to both customer or fans and seller of tickets. The websites are also available to resell of tickets. In the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets in a lower rate.
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By Product Type:
Offline Platform
Online Platform
By Application:
Sports Events
Concerts
Performing Arts
Movies
Others
The COVID-19 outbreak has shown a negative impact on the growth of global secondary ticket market. The events like sports, movie, concerts, and musical events are completely postponed and cancelled due to lockdown conditions. Some sport events get started but these are in the absence of audiences.
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December 18th, 2020; Seattle sounders FC announced that the club is partnering with Ticketmaster, making the company the club’s official ticketing partner beginning in 2021. Seattle’s official main and resale ticketing platform, Ticketmaster, has replaced SeatGeek, reinstating a connection between the rave Green and the world’s largest ticketing site. Sounder’s FC and Ticketmaster were partners from 2009. Sounders FC EVP and Chief Officer Bart Wiley said that they are thrilled to return to Ticketmaster as Sounders FC’s official ticketing platform.
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Global secondary ticket market report covers in-depth historical and forecast analysis.
Global secondary ticket market research report provides detailed information about market introduction, market summary, global market revenue (Revenue USD), market drivers, market restraints, market opportunities, competitive analysis, and regional and country level.
Global secondary ticket market report helps to identify opportunities in the marketplace.
Global secondary ticket market report covers extensive analysis of emerging trends and the competitive landscape.
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