Published on : Oct 23, 2017
Albany, New York, October 23, 2017: With the advent of internet, buying online tickets for movies is becoming one of the most preferred options these days. Presently, online movie ticketing industry has revolutionized the traditional ticket booking system and totally changed the consumer habits of buying movie tickets. Looking to these facts, analysts have identified that the global online movie ticketing service market is likely to experience significant growth in the coming years. To elaborate further on this rapidly growing market, a study titled “Global Online Movie Ticketing Service Market 2017-2021” has been freshly broadcasted to the vast collection of Market Research Hub (MRH) research reports. This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the forecast period of 2017-2021 and includes analysis of recent developments in technology.
In the first part, the study provides comprehensive information about the online movie ticketing services market covering its introduction, market size and forecast; market dynamics and key participants market presence by region. The following section of the report also covers regional segmentation which highlights some of the prime regions including Americas, EMEA and APAC. According to the study key findings, the global online movie ticketing service market poised to grow at a strong CAGR of 12.67% during the period 2017-2021.
Online movie tickets are a preferable option among consumers, those who want to save time and to avoid standing in long queues. Websites and free mobile apps provided by service providers allow audiences to book their preferred seats. These services feature trailers of upcoming movies and also provide reviews and feedback of the movies running in theaters. Presently, increasing adoption of smartphones and PCs among consumers and the growing internet penetration across the globe estimated to be the primary growth factors for the online movie ticketing service market. Another driver in the market is growing popularity of global box office.
Moving further, the report segments the online movie ticketing market on the basis of platform, genre and regional landscape. By platforms, the report covers desktop and mobile devices. On the basis of genre, the market has been classified into action, adventure, comedy, drama, thriller, suspense, and horror. Amongst, adventure movie genre segment will be the major revenue contributor to the online movie ticketing service market throughout the forecast period, finds study.
The next section of the study highlights detailed competitive landscape of the global online movie ticketing services market by profiling the prime companies active in this market. At present, the market is moderately fragmented due to the presence of several international and regional ticket service providers, which are Bigtree, VOX Cinemas, Cinemark Theatres, Cineplex Entertainment. Other prominent vendors include Kyazoonga, MovieTickets.com, PVR Cinemas, Alibaba Group, UA Cinema Circuit, WANDA Group, Carnival Cinemas, Fandango, Reliance Media, INOX Leisure and Moviefone.
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