Published on : Aug 31, 2018
Albany, New York, August 31, 2018: Ardent fan craze for various events such as sports, movies, and music concerts have paved way for resale of tickets at inflated price, thereby contributing substantially towards the growth of secondary tickets market. Additionally, use of technological edge such as ticket bots further accelerate growth in secondary tickets market. To evaluate recent developments and their implications on the growth of secondary tickets market, Market Research (MRH) has recently added a new research report titled, ‘Global Secondary Tickets Market Size, Status and Forecast 2018-2025’ to its burgeoning repository.
Adhesion to Consumer Laws, Crucial for Sustenance in Secondary Tickets Market
To sustain stiff competition in secondary tickets market, leading market players are keen on providing enhanced consumer experience. Adhering to stringent laws to favor consumer interests remains a requisite amongst key players in secondary tickets market.
UK Formulates New Laws in the Interest of Consumer Protection
In a recent event, UK government in consolidation with several consumer rights bodies and the UK music industry have slated new laws to facilitate transparent transaction between consumers and secondary ticket vendors. The new laws are intended to restrict ticket touting enabled by advanced software solutions.
TickPick Acquires Rakkus, Inches Closer to Growth Vision
In a significant new development in secondary ticket market, leading online secondary ticket platform, TickPick has recently inked an acquisition deal, thus claiming sizable control over secondary ticket marketplace, Rakkus. With this achievement TickPick aspires to inch closer to its growth vision thereby sealing its lead position in secondary tickets market. The deal will also aid TickPick to enhance its consumer base, besides introducing innovative add-ons to its offerings targeting superlative customer experience.
Sporting Event Emerges as the Largest Revenue Enabler in Secondary Tickets Market
Elaborate research output presented in the report enable readers to draw veritable business highlights about prevailing market segments. This section of the report enumerates type and application as chief segments in secondary tickets market. Based on type secondary tickets market is classified as movies, theaters, live event, and sporting events amongst others. In terms of application, secondary tickets market is segregated as online platform and offline platform. Based on detailed account of market segments presented in the report this section allows readers to gauge the impact of market segments in pumping in growth in secondary tickets market, besides allowing readers to identify the segment associated with increased revenue generation in secondary tickets market.
Alongside, the report also accounts crucial research derivatives based on which readers are briefed about regional distribution of secondary tickets market. Based on the report, secondary tickets market is fragmented as Europe, Central America, South America, India, Japan, China, and Southeast Asia. On the basis of these insights readers gain insights about various marketing tactics and tools applied by core market players across regions and their resultant impact on end-user response.
Competition Spectrum: Secondary Tickets Market
Comprehensive research postulates included in the report allow readers to draw clear understanding about the effectiveness of business tactics in fostering growth in secondary tickets market, besides enriching readers’ outlook about the efficacies of marketing strategies in triggering favorable consumer response such as their buying preferences and eventual buying discretion. New and existing market players on the basis of these insights can facilitate analytical review of these strategies to attain critical perspectives based on which lucrative investment decisions are taken. Some of the eminent players identified in secondary tickets market include, RazorGator, StubHub, Ticketmaster Entertainment, TickPick, GoTickets, Inc, and Coast to Coast Tickets amongst numerous others.
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