According to the latest report by IMARC Group, titled “Online Movie Ticketing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global online movie ticketing services market size reached US$ 17.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.0 Billion by 2027, exhibiting a growth rate (CAGR) of 6.57% during 2022-2027.
The online movie ticketing service allows users to reserve seats and buy tickets. It offers high customer satisfaction by allowing them to check the availability of the screening from any place and time. It aids in minimizing traffic, identifying free spaces, and offering easy access to services, secure payment gateways, and quick reservations.
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Global Online Movie Ticketing Services Market Trends:
At present, shifting consumer preferences towards comfortable and cost-effective movie ticketing services represent one of the key factors impelling the growth of the market across the globe. Apart from this, these services reduce the cost of the provider as the automated software minimizes the operator requirement and the need for multiple windows for ticket distribution. Additionally, the increasing use of online ticketing platforms for eradicating the usage of paper and saving the environment from deteriorating further is bolstering the growth of the market. Moreover, key market players are introducing advanced features, such as easy refunding, virtual view from seats, and updates, for upcoming releases to attract a wider consumer base. They are also focusing on incorporating advanced technologies, such as artificial intelligence (AI), for recommending movies to consumers according to their preferences. Furthermore, safe digital payment gateways and strong customer authentication for online payments are driving the market worldwide.
Global Online Movie Ticketing Services Market Segmentation:
The report has segmented the market on the basis on region, device, genre, application
Breakup by Device:
- Mobile Devices
Breakup by Genre:
- Drama Movies
- Adventure Movies
- Comedy Movies
- Thriller, Suspense and Horror Movies
- Action Movies
- Other Genre
Breakup by Application:
- Entertainment Place
- Shopping Malls
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the Major Global Online Movie Ticketing Services Market Key players?
- AOL Inc.
- Atom Tickets LLC
- BookMyShow Inc.
- Carnival Cinemas
- Cinemark Holdings Inc.
- Cineplex Inc.
- INOX Leisure Limited
- Moviefone Inc.
- Movietickets Inc. (Fandango Media LLC)
- Mtime (Wanda)
- One97 Communications Ltd.
- PVR Limited
- VOX Cinemas
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