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.
Online movie ticketing services represent software solutions that allow customers to book movie tickets via the internet. They include third-party websites or applications that can be operated on several devices, such as smartphones, laptops, personal computers, tablets, etc. Online movie ticketing services enable customers to browse ongoing movie shows nearby and book seats as per their preference. They even facilitate digital payments via online website from any place or at any given time. Consequently, online movie ticketing services are extensively utilized by consumers across the globe.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The increasing digitization and the escalating penetration of smart devices across countries are among the key factors driving the online movie ticketing services market. In addition to this, the shifting preferences toward online movie ticket booking facilities, on account of convenience and faster payment options, are also positively influencing the market growth. Furthermore, the inflating investments by leading market players to improve their website interface and mobile applications to increase their user-friendliness are acting as significant growth-inducing factors. In line with this, the launch of advanced features, including easy booking refunding, virtual view-from-seat option, and in-seat food delivery, to enhance customer experience is further stimulating the global market. Apart from this, the rising frequency of movie releases, the development of new movie theatres and multiplexes, especially in developing countries, the growing environmental concerns regarding the wastage of paper tickets, and the elevating need for eco-friendly ticket booking alternatives are expected to stimulate the online movie ticketing services market in the coming years.
Breakup by Device:
- Desktop
- Mobile Devices
Breakup by Genre:
- Drama Movies
- Adventure Movies
- Comedy Movies
- Thriller, Suspense and Horror Movies
- Action Movies
- Other Genre
Breakup by Application:
- Cinema
- Entertainment Place
- Shopping Malls
- Others
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
Competitive Landscape with Key Player:
- AOL Inc
- Atom Tickets LLC
- BookMyShow Inc
- Carnival Cinemas
- Cinemark Holdings Inc
- Cineplex Inc
- INOX Leisure Limited
- Kyazoonga
- Moviefone Inc
- Movietickets Inc. (Fandango Media LLC)
- Mtime (Wanda)
- One97 Communications Ltd
- PVR Limited
- VOX Cinemas
- etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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