Events and Tickets
The online events and ticketing industry has depended on the ebb and flow of the global economy. The potential of the in industry has been determined by consumer sentiments and their disposable income. The global economy has been able to recover from the recession and this has led to improvement in sentiments, leading to a strong willingness to be a part of events and happenings. Furthermore, the convenience associated with new technologies has also led to more people attending events, visiting theaters and loosening their purse strings. The growing popularity of the internet has certainly been a boost to the industry. This is equally helped by the rise of smartphones and tailored applications that let audiences grab a seat or book a show instantly from anywhere. Over the last 5 years, more than 25 new websites and 274 sellers have entered the industry. Spending power has been able to drive this industry from a growth rate of 3.1% to over $6.5 billion in 2016 alone. Existing participants in the industry are consequently increasing their product offerings to get a greater reach over the market. However, the event and ticketing industry has also experienced a high degree of market concentration wherein 56.6% of the market share lies with the top 5 companies.
Events and Tickets industry service offerings
Industry challenges and opportunities
Offers Business Values
M2 developers have been closely associated with the event and ticketing industry. Our team has worked on some of the leading brands, web interfaces and important applications that are defining the current industry trends.
- Media management: Our developers have been able to create holistic approaches to targeting, storing, managing and communicating over secure and convenient digital platforms.
- Multichannel systems: Making a presence is importance and we would be able to craft solutions that appeal to every type of audience and across several devices and operating systems.
- Customization: Competition in the online ticketing industry can only be overthrown with in-depth customization and recognition of audience preferences.