DUBLIN, December 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/x5php2/global_secondary) has announced the addition of the "Global Secondary Tickets Market 2016-2020" report to their offering.
This recent rise in the number of sporting and live events is envisaged to result in this market's remarkable CAGR of more than 19% by 2020.
The global market for secondary tickets is extremely competitive due to the presence of multiple international and local vendors. Factors like intense competition, rapid advances in technology, and frequent changes in consumer preferences pose significant challenges for this market as they negatively impact the revenue generating capacity of the vendors. In this market, the vendors compete on the basis of benefits and pricing to gain a competitive edge over their rivals.
The increasing number of sporting events is a major trend witnessed in the market. Sporting events such as the Olympics, FIFA, Super Bowl, and Cricket World Cup are gaining high traction and are watched by millions of the population across the world. The growing passion for such sports is attracting higher numbers of people to witness the event at the venue, which is increasing the number of tickets being sold each year, resulting in high growth in the global secondary tickets market.
According to the report, high returns for low investment is a key driver in the market. The secondary market consists of several providers selling event tickets at various price ranges. Secondary ticket providers buy the event tickets in bulk, when their cost is low. As the date of the event approaches and the demand increases, resellers start selling the tickets at an increased price, which increases their revenue.
Further, the report states that the availability of live broadcasts on television is a major challenge witnessed in the market as these eliminate the need for a viewer to watch the show at the event venue.
Key questions answered in the report:
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global secondary tickets market?
- What are the Key Market trends?impacting the growth of the global secondary tickets market?
- What are the challenges to market growth?
- Who are the key vendors in the global secondary tickets market?
- What are the market opportunities and threats faced by the vendors in the global secondary tickets market?
- Trending factors influencing the market shares of the EMEA, Americas, and APAC?
- What are the key outcomes of the five forces analysis of the global secondary tickets market?
Key vendors are:
- Ticketmaster Entertainment
Other prominent vendors are:
- Ace Ticket Worldwide
- Alliance Tickets,
- Coast to Coast Tickets
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/x5php2/global_secondary
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets