The online Event Ticketing Industry size was valued at US$ 56.36 Bn. in 2021, and the total revenue is predicted to grow at a CAGR of 4.8% from 2022 to 2027, reaching almost US$ 74.67 Bn. The Global Online Event Ticketing Industry is anticipated to grow at a CAGR of 4.8% during 2022-2027.
Digital ticketing systems save everyone time by making it easy for your attendees to write for the event in the passage and check in at the venue. There will be no long enrollment lines, and check-in will be as simple as examining a QR code or barcode with the design’s app. Desktop and Mobile are the two sorts of platforms for Digital Event Ticketing.
The expanding millennial population, who prefer comfort to physically visiting the venue, has increased the importance of online event ticketing over the past several years. Most tickets for concerts, movies, and sporting events are purchased online.
Online ticketing refers to purchasing tickets for events through online channels, such as interactive voice response (IVR), kiosks, transaction pages, privately labeled web pages, and other online technology.
And all features, functionalities, promotions, marketing, and advertising related to such sales and/or services provided by online channels. Additionally, online event booking tools show all necessary information about an event, such as ticket prices, seating arrangements, and event locations.
Booking tickets through a tablet, smartphone, or web application has become a significant trend in the online event ticketing market over the past few years. Due to its simplicity of use, flexibility in booking times, user-friendly interfaces, and many alluring engagement marketing methods created by service providers, this trend has become very popular. Many ticket sellers are concentrating on offering mobile ticketing apps that produce smartphone e-tickets.
Due to how convenient and flexible the procedure is, internet ticketing has grown in popularity due to the widespread usage of smartphones and other mobile devices. Service providers are creating appealing and user-friendly smartphone interfaces, making it simpler and quicker to order tickets. They are also making their websites user-friendly with various promotional techniques, which attract customers with simple ticketing transactions and discount/point benefits.
A brand that provides services like this is chosen to give our readers a reference to understand the topic better, and if needed, they can opt for this company to get these services. FEVO is the place we found while searching on this topic, and we ran down their information available online, showing how easy to process and fun to avail options are given.
FEVO is a social commerce company founded in 2016 and headquartered in New York City. Retail, hospitality, and ticketing vendors use the platform with inventory management software to add greater flexibility to their checkout process and enable consumers to create shareable online shopping carts.
While FEVO maintains offices in New York’s Meatpacking District, employees are encouraged to work remotely if they so choose — FEVO team members can be found in dozens of cities across the globe.