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Online Movie Ticketing Service Market to Grow by USD 8.8 Billion (2024-2028) Due to Global Box Office Surge, AI’s Role in Trends – Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global online movie ticketing service market size is estimated to grow by USD 8.83 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.44% during the forecast period. Growing popularity of global box office is driving market growth, with a trend towards increasing focus on paperless transaction. However, rising film piracy poses a challenge. Key market players include 360 Ticketing, Atom Tickets LLC, Big Tree Entertainment Pvt. Ltd., Moviefone Media LLC, Carnival Films Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Comcast Corp., Dalian Wanda Group, ELAN Group, Zoonga, JustTickets Pvt. Ltd., Maoyan Entertainment, One97 Communications Ltd., Ticket New, PVR Ltd., Tao Piao Piao, V Celluloids, VOX Cinemas, and VUE INTERNATIONAL.

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Online Movie Ticketing Service Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.44%

Market growth 2024-2028

USD 8837.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.4

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

360 Ticketing, Atom Tickets LLC, Big Tree Entertainment Pvt. Ltd., Moviefone Media LLC, Carnival Films Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Comcast Corp., Dalian Wanda Group, ELAN Group, Zoonga, JustTickets Pvt. Ltd., Maoyan Entertainment, One97 Communications Ltd., Ticket New, PVR Ltd., Tao Piao Piao, V Celluloids, VOX Cinemas, and VUE INTERNATIONAL

Market Driver

The global online movie ticketing service market is experiencing significant growth due to the increasing emphasis on paperless transactions. Governments worldwide are promoting digital transactions to reduce deforestation and environmental pollution. Telecom and banking organizations have adopted digital platforms for monetary transactions, leading to the proliferation of e-tickets for movies. Viewers can now book tickets at their convenience and receive them via messages or emails, eliminating the need for physical tickets. This trend is expected to continue, contributing positively to the growth of the online movie ticketing service market. 

The online movie ticketing service market is currently thriving, with significant industry players like BookMyShow, MovieTickets.com, and Fandango leading the charge. The trend towards rapid digitization and urbanization, along with the adoption of smartphones and increased internet usage, have fueled the market’s growth. Consumers appreciate the ease and convenience of purchasing tickets online, especially during traffic jams and extended working hours. Looking ahead, the market is anticipated to expand further with the development of new technologies, such as improved websites and shopping applications, faster delivery times, and convenient payment options. International producers and suppliers are also entering the market, increasing competition and driving innovation. New laws and regulations may impact the market, but the overall future prospects remain positive. As the market grows, investment requirements are also rising, with retailers focusing on expanding their product offerings, improving customer experience, and offering door delivery and home delivery options. The convenience of online shopping has become a staple for many consumers, and movie ticketing services are no exception. Despite the challenges, the market’s profit margins are expected to remain strong, making it an attractive investment opportunity. 

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Market Challenges

Online movie ticketing services have gained significant popularity due to their convenience and ease of use. However, this trend has also led to an increase in film piracy, which is a major concern for the movie industry. Film piracy refers to the unauthorized distribution or sharing of copyrighted movies or TV shows. With online ticketing services providing a convenient platform for accessing and downloading pirated content, it has become a significant issue. The negative impacts of film piracy in the online movie ticketing service market are far-reaching. Firstly, it can harm the profitability of the movie industry by diverting potential paying customers towards pirated content. This can lead to a reduction in revenue for the movie industry, which may ultimately result in reduced investment in future film production. Moreover, film piracy can also negatively impact the quality of movies and TV shows available to viewers. Piracy can discourage studios and producers from investing in high-quality content, knowing that their work may be stolen and distributed without their consent. In the long term, this can lead to a reduction in the diversity and creativity of the film industry. To tackle this issue, several measures can be taken. These may include stronger enforcement of copyright laws, more effective digital rights management systems, and greater public awareness campaigns about the negative impacts of piracy. It is crucial for all stakeholders in the movie industry to work together to address this challenge and ensure that content creators are fairly compensated for their work. In conclusion, film piracy is a significant challenge for the online movie ticketing service market. It can harm the profitability of the movie industry, reduce the quality of content available to viewers, and ultimately hinder the growth of the market. It is essential to take proactive measures to address this issue and ensure that the movie industry continues to thrive.The online movie ticketing service market faces several challenges in the movies and entertainment industry. Personalization based on location, interests, and usage patterns is essential for customer engagement. Online transactions require secure payment gateways and consumer trust. Strategic alliances with movie theaters and multiplexes are key for success. Laser projection systems and consumer interest in movies drive demand. Emerging economies with growing disposable incomes present opportunities. Mergers and acquisitions, collaborations, and technological advancements shape the industry. Seat location, auditorium, viewing preferences, and seat selection require user-friendly interfaces. Mobile phones, laptops, tablets, and PCs are popular devices for booking tickets. High-speed internet connectivity through 2G, 3G, 4G, and LTE technologies enable online ticketing. Economic growth in various economic areas continues to fuel market expansion. The film and entertainment industry’s turmoil impacts the market, making adaptability crucial.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This online movie ticketing service market report extensively covers market segmentation by

Platform 1.1 Mobile devices1.2 DesktopsApplication 2.1 Cinema2.2 Shopping mallsGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Mobile devices- The online movie ticketing service market is a significant segment in the entertainment industry. It allows customers to book movie tickets from the comfort of their homes or on-the-go using smartphones. Major players in this market include BookMyShow, Paytm, and IN Oxigen. These companies offer various features like multiple payment options, seat selection, and discounts to attract customers. The market’s growth is driven by increasing internet penetration, growing smartphone usage, and the convenience it provides to consumers.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Online Movie Ticketing Service Market has experienced significant growth in recent years, driven by the widespread use of smartphones, Internet, and digital ticketing solutions. Consumers can now easily select, reserve, and purchase movie tickets from the comfort of their mobile phones, laptops, tablets, or PCs. Moviegoers can access trailers and other movie information on third-party websites and Internet portals, streamlining the movie-going experience. The film industry has embraced this trend, with current trends including expansion strategies and partnerships with significant industry players. Anticipated future changes include the integration of biometric identification and contactless payment systems. International producers are also entering the market, making it a dynamic and competitive landscape.

Market Research Overview

The Online Movie Ticketing Service Market is experiencing significant growth due to the increasing use of smartphones and the Internet for movie ticket selection, reservation, and purchase. Digital ticketing solutions and e-commerce platforms are becoming increasingly popular among movigoers, with tech giants initiating various initiatives to enhance user experience. Credit card payments and mobile apps offer convenience and personalization based on location, interests, and usage patterns. Technological advancements such as laser projection systems and high-speed internet connectivity (2G, 3G, 4G, LTE) are driving the market. The film and entertainment industry’s economic growth in emerging economies and economic areas, as well as mergers and acquisitions, collaborations, and strategic alliances, are contributing to the market’s expansion. The current situation is marked by rising investment requirements, developing technology, and new laws. Anticipated future changes include increased consumer interest in movies and entertainment, disposable income, and online transactions. The mobile segment, user-friendly interfaces, and mobile applications are current trends, with significant industry players focusing on expansion strategies and international producers and suppliers playing a crucial role. The current industry turmoil and current trends indicate that the market for online movie ticketing services will continue to grow in the future, with significant opportunities for innovation and growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformMobile DevicesDesktopsApplicationCinemaShopping MallsGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Azure releases Cobalt on ARM; shown by Liftr Insights

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Liftr Insights data reveals extent of Azure’s deployment; following AWS’s lead almost a decade prior.

AUSTIN, Texas, Nov. 13, 2024 /PRNewswire/ — Liftr Insights, a pioneer in market intelligence driven by unique data, revealed data showing the first appearance of Azure’s Cobalt CPU on the ARM architecture.

The introduction of Cobalt implies more growth of ARM is coming.

Liftr data has shown the first appearance of the Cobalt CPU designed by Azure. These new instance types, first appearing in 21 different regions across 4 continents, are run on the ARM architecture and will complement the existing ARM-based instances at Azure, which were sold to Azure by Ampere Computing.

“Our customers and the supply chain has been talking about this shift to ‘home-grown’ coming for years,” says Tab Schadt, CEO of Liftr Insights. “Many years back, AWS forged ahead to prove the value of running instances on their own designs.”

Intel and AMD are paying attention. While their sales to cloud providers have risen over the past few years, as shown by Liftr data, they were losing an increasing portion of the total market each month. That portion was going to ARM-based processors. While ARM represented 4.7% of public cloud CPUs at the end of 2021, it is close to representing 1 out of every 10 instances. For AWS, ARM is close to 1 out of 4 instances. While Azure has less ARM coverage, the introduction of Cobalt implies more growth of ARM is coming.

Ampere Computing is also watching these developments. After AWS’s initial success with their ARM-based instances, Graviton, all the other top cloud providers eventually adopted ARM using Ampere CPUs. Ampere grew from a few hundred instance types in 2021 to thousands and supporting 24.9% of the ARM instances in the cloud as of mid-2024.

“In addition to the power benefits of ARM, price-point is also a factor for enterprises,” says Schadt.

Liftr data show that the average price of the ARM-based instances on a pre-core basis is 50.5% the cost of x86 instances. This is even after a history of x86 prices per core decreases and ARM prices increases, according to Liftr Insights’ half-a-decade of history.

About Liftr Insights
Liftr Insights generates reliable market intelligence using unique data, including details about configurations, components, deployment geo, and pricing for:

Server processors: Intel Xeon, AMD EPYC, Aliyun Yitian, AWS Graviton, and Ampere Computing AltraDatacenter compute accelerators: GPUs, FPGAs, TPUs, and AI chips from NVIDIA, Xilinx, Intel, AMD, AWS, Google, and Qualcomm.

As shown on the Liftr Cloud Regions Map at https://bit.ly/LiftrCloudRegionsMap, among the companies tracked are Amazon Web ServicesMicrosoft AzureAlibaba CloudGoogle Cloud, Oracle CloudTencent Cloud, CoreWeave, Lambda, and Vultr as well as semiconductor vendors AMD, AmpereIntel, Qualcomm, and NVIDIA. Liftr Insights subject matter experts translate company-specific service provider data into actionable alternative data. 

Liftr and the Liftr logo are registered service marks of Liftr Insights. The following are trademarks and/or service marks of Liftr Insights: Liftr Insights, Cloud Components Tracker, Intelligence Compute Tracker, and Liftr Cloud Regions Map. 

The following are registered intellectual property marks, trademarks, or service marks of their respective companies:
Amazon Web Services
Microsoft Azure
Alibaba Cloud
Google Cloud
Oracle Cloud
Tencent Cloud
CoreWeave
Lambda
Vultr
Intel Corporation
Ampere Computing
Qualcomm
NVIDIA
AMD
ARM 

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SOURCE Liftr Insights

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GEMCAP SOLUTIONS, LLC TO AUCTION THE PERSONAL PROPERTY OF LOOP MEDIA, INC. AND RETAIL MEDIA TV, INC. VIA PUBLIC SALE

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SAN ANTONIO, Nov. 13, 2024 /PRNewswire/ — Pursuant to Section 9-610 of the Uniform Commercial Code, GemCap Solutions, LLC, as servicer and attorney-in-fact for secured party GemCap Holdings, LLC (the “Secured Party”) will hold a secured party public sale to the highest and best bidder for cash, with reserve, to be conducted telephonically by the Secured Party on Thursday, December 5, 2024 at 11:00 a.m. Central Standard Time (the “Public Sale”). Qualified Bidders (defined below) may attend the Public Sale telephonically.

The Secured Party is conducting the Public Sale to foreclose the security interest held by the Secured Party in and to substantially all of the personal property assets LOOP MEDIA, INC., a Nevada corporation, and RETAIL MEDIA TV, INC., a Nevada corporation, jointly and severally (the “Borrower”) including, without limitation, (i) inventory (“Inventory”), (ii) accounts receivable (“Accounts Receivable”), (iii) certain machinery and equipment owned by the Borrower all as set forth on the schedule prepared by Secured Party (collectively, the “FF&E”), (iv) all of its patents, trademarks and trade names, including “Loop”, “Loop Media”, “Music News Loop”, and “Retail Media TV”; domain names owned by Borrower, including www.loop.tv; and the Borrower’s customer list (collectively, the “Intellectual Property”), and (v) trade fixtures (“Trade Fixtures”). The Inventory, Accounts Receivable, FF&E, Intellectual Property and Trade Fixtures are collectively referred to as the “Public Sale Collateral”.

The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral.  At the Public Sale, all of Borrower’s right, title and interest in and to the Public Sale Collateral will be sold “as is” and “where is” and the Secured Party shall make no representation or warranty, either express or implied, relating to title, use, quiet enjoyment, possession, merchantability or fitness for a particular purpose, completeness, condition or the like, all of which are hereby disclaimed, in the sale or disposition of the Public Sale Collateral.  In addition, the Public Sale Collateral is being sold (i) free and clear of Secured Party’s liens and any subordinate security interests, and (ii) without recourse to Secured Party, its attorneys and representatives.  The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.

In order to participate in the bidding process, each person or entity (a “Potential Bidder”) must deliver to the undersigned (i) an executed confidentiality agreement in form and substance acceptable to Secured Party, (ii) current financial statements of the Potential Bidder or other evidence acceptable to Secured Party that will show the financial ability of the Potential Bidder to purchase the Public Sale Collateral, (iii) a completed and executed Asset Purchase Agreement in the form provided by Secured Party, and (iv) a deposit in an amount equal to ten percent of the bid amount which will be held in escrow by Secured Party.  A Potential Bidder that complies with the foregoing requirements shall be deemed a “Qualified Bidder”. Those Qualified Bidders participating at the Public Sale shall be provided with the telephone number and passcode to attend the Public Sale and shall be given the opportunity to bid on a competitive basis.

At the Public Sale, each of the Inventory, Accounts Receivable, and the Intellectual Property, may be offered for sale in separate lots or in combination lots and the Public Sale Collateral will be offered as a single lot.  At the conclusion of the Public Sale, the successful bidder(s) must pay the final bid amount in full by a wire transfer of funds to the Secured Party.  The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale.  The Secured Party reserves the right to reject all bids, adjourn or cancel the Public Sale.

For further details regarding the Public Sale Collateral, obtaining the confidentiality agreement and the form asset purchase agreement, and information regarding the Public Sale, you may contact either Michael Berens, Esq. by email at mberens@gmail.com or by telephone at (530) 304-6922 or David Ellis by email at dellis@gemcapsolutions.com or by telephone at (310) 494-1437.

Media Contact:
David Ellis
Email: dellis@gemcapsolutions.com
Direct: 310-494-1437

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SOURCE GemCap Solutions, LLC

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CINC Systems Announces Formation of Client Advisory Circle

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Exclusive client advocacy community aims to drive innovation and collaboration in the community association management industry.

DULUTH, Ga., Nov. 13, 2024 /PRNewswire/ — CINC Systems, the leading software solutions provider for the community association management (CAM) industry, announced today the formation of a client advocacy community dedicated to fostering conversation, collaboration, and innovation in the CAM space. This group’s formation aligns with the significant investments CINC is making in releasing multiple new groundbreaking products.

“We succeed when our clients thrive,” said CINC Systems Chief Client Advocate Dawn Randall, the committee’s executive sponsor. “I’m excited to collaborate with such an incredible group of industry leaders. This partnership will allow CINC to meet our industry’s evolving needs while providing a valuable platform for like-minded executives to network and ideate. I look forward to engaging in impactful conversations and creating lasting change together, focusing on solutions that lessen tedious tasks and allow for more meaningful work. By collaborating side-by-side, we will better serve our clients and elevate the business of community.”

CINC has long relied on client input to drive feedback. This group puts more structure around the effort. The new Advisory Circle brings together leaders from a diverse range of CAM companies across the U.S. Creating a unique balance of perspectives ensures that CINC hears the needs of the entire industry.

“If you’re not currently included, rest assured—this is an evolving board, and there will be future opportunities to join,” Randall said. CINC will continue to add to the board as soon as next year. Each board member serves a term to ensure fresh perspectives and new voices can continually contribute.

The group listed below was selected as CINC launched this initiative.

Terri Allen of Spectrum Association ManagementLiz Commando of Taylor Management Company Tracy Durham of Edison Association Management Jason Delgado of Rise Association Management Jamie Falconer of Foster Premier Management Dana Hizkaya of Next Generation Management Services Christina McCandless of Principle Association Management Company Kyle Priestley of Priestley Management Company Janice Roberts of Kuester Management Group Blake Sanford of PMI Corporate Brad van Rooyen of HomeRiver Group Steve Weclew of Condominium Associates Gail Windisch of Tidewater Property Management 

Founding member Brad van Rooyen said, “I am honored to be a part of it. I am looking forward to the meaningful collaboration, communication, and networking events that this group has to offer.”

The Advisory Circle is the latest CINC Systems initiative designed to empower CAM professionals and advance the industry. Members are committed to supporting ongoing programs that include industry events, research and reports, legislative advocacy, and the “CINC Tank,” where innovative ideas are identified, tested, and launched.

“The most successful CAM companies will be those that embrace transformation,” said CINC Systems CEO Ryan Davis, also an executive sponsor of the Advisory Circle. “CINC is dedicated to paving the way forward, not only with intuitive products, but also by creating the conditions for collective knowledge sharing, problem-solving, and innovation. I’m thrilled to welcome our founding Advisory Circle members and honored to work alongside these visionary leaders. Together, we can stamp out the tedious work and allow CAM leaders to focus on the meaningful work they enjoy.”

About CINC Systems
CINC Systems is the largest provider of accounting and management software in the community association management industry and the innovator behind accounting and banking integration. Founded in 2005 by a banker as the industry’s first SaaS platform, CINC has evolved into the largest and fastest-growing software provider in the CAM industry. With a team of more than 250 employees, CINC delivers software and applications to tens of thousands of associations across the U.S., reaching millions of homeowners. In January of 2024, Hg Capital made a significant investment in CINC to accelerate the company’s growth trajectory and institute rapid product development.

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SOURCE CINC Systems

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