Houston, TX -- (SBWire) -- 02/22/2019 --global Online Ticketing System market size is expected to reach USD 67.99 billion by 2025, according to a new report by market Research, Inc., exhibiting a +5% CAGR during the forecast period. Growing demand for online ticketing can be attributed to increased Internet accessibility and overall hassle-free experience in booking processes.

Service providers offer a variety of deals and discounts with special incentives such as pre-sales and additional discounts. They are developing improved online event ticketing software that redesigns websites, develops mobile applications, and provides a user-friendly booking experience. Providing viewers with seat preferences, providing mobile tickets in the form of barcodes, and portraying screen / stage / floor appearances in viewers' preferred seats are provided to enhance customer experience and market positioning Some of the features that are available.

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Vendors are also focusing on providing combination deals to patrons. For instance, they offer food at highly discounted prices at event location in a bid to remain competitive. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portal
The key players covered in this study
Fandango
StubHub (eBay)
ticketscript
NXP
Advanced
SITA
Masabi
Gemalto
Giesecke & Devrient
moovel (GlobeSherpa)
Ridango
Bytemark
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Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The uncertainty associated with the online booking of tickets is high as demand fluctuates based on the popularity of the event. For movies, the lifecycle stage that the movie reaches plays a central role in online bookings. It is preferable to buy tickets at the counter instead of paying more than two to three weeks after the movie is released.
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A significantly higher number of theaters and exhibitors have started accepting m-tickets and e-tickets to prevent wastage of paper. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well.
Increasing movie releases worldwide is also expected to drive online movie booking services
Venue owners and concert organizers across the globe are selling VIP packages, including premium food and beverages, backstage access, preferred seats, and VIP restrooms, which is expected to increase market growth.