Online movie ticketing services refer to internet ticket booking services offered for the expediency of customers. Bookings can be done by digital mediums like smart mobile phones, laptops, tablet PCs and computers. Expansion of new and easy to use mobile applications has made online ticket booking easier than the traditional technique. It is a very innovative service which helps in eliminating the traditional way of ticket booking and the long queues for movie tickets.
Global Online Movie Ticketing Services market is accounted for $13.72 billion in 2017 and is expected to reach $29.83 billion by 2026 growing at a CAGR of 9.0%. Factors such as growing digitalization, increasing disposable income of consumers, internet services and rising adoption of smartphones & PCs are propelling the market growth. However, rising incidents of fraudulent activities and fake websites are hampering the market growth.
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Based on Platform, mobiles segment has a significant growth during the forecast period. Due to the rise in the development of mobile applications providing online movie ticketing services is intended to boost the popularity, awareness, and maintenance of the industry. By Geography, North America is dominating the market owing to higher per capita income and expanded proliferation of technology in countries such as the U.S and Canada are some of the factors fueling the market in this region.
Some of the key players in the global market include Bigtree Entertainment Pvt. Ltd., Cineplex Inc., Fandango, Reliance Media, PVR Cinemas, Alibaba Group, INOX Leisure Limited, BookMyShow, Mtime.com, Inc., Atom Tickets LLC, Vue Entertainment and KyaZoonga.
-Thriller, Suspense, and Horror movies
-Middle East & Africa
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This post was originally published on Commerce Gazette