Sustained Cinematic & Technology Advancements Spur Growth in the Global Online Movie Ticketing Services Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Online Movie Ticketing Services market. The world market for online movie ticketing services is forecast to reach US$13.7 billion by the year 2017. Continued obsession of movie goers world over is highly instrumental in cinematic development and technological advancements over the years. Increasing digitization, growing penetration of Internet and broadband, frequent movie releases, rising disposable incomes and growing need for entertainment bode well for the online movie ticketing services market.

Online Movie Ticketing Services: A Global Strategic Business Report

Follow us on LinkedIn – The market for online movie tickets has over the years, revolutionized the concept of traditional ticket booking, and has today entwined itself with modern culture, influencing ticket purchasing habits of consumers. The increasing adoption of a digitally based lifestyle by majority of consumers, created a new genre of audience called 'net generation' that will pump plenty of demand into online and mobile formats. Online ticketing services bring home the luxury of booking latest movies right at the desktop. Today, online movie booking has become an international trend driven by the fact that more people globally are increasingly familiar with booking their movie tickets online. Buying movie tickets online offers numerous benefits in the form of advance ticket purchases for hot new movies, avoiding serpentine queues at box offices, and printing tickets from the convenience of home. The global cinema industry has experienced drastic growth over the past decade both in terms of box office revenues and admissions. Patrons have also witnessed dramatic changes in the form of expansion of theaters chains, creation of multiplexes and megaplexes that accommodate more screens. Also, more number of movies are being released now than ever before, giving consumers greater choices and reasons for frequent viewing.

Today, all filmed entertainment content can be produced digitally. While digital projection technology results in a rich visual experience for consumers, digital content allows the theatre operator improved flexibility in programming content. Digital technology will provide theatre operators with an opportunity for additional revenues through 3D and alternative content offerings. Also, theatre operators will be in a better position to address capacity utilization issues and meet demand at theatres by real-time decision making on the size and number of auditoriums to program with content. Digital 3D screens have also attracted increased audience and rise in average ticket prices. For instance, theatres charge up to $5 extra per ticket for a 3D film than for a traditional 2D film. Globally, the number of digital 3D screens increased by a tremendous margin in 2010 to reach a figure of over 22,000 screens, which represented a whopping 63% of all theater screens. Theater owners have launched video programming, audio programming, and information through kiosks in order to keep movie buffs entertained and informed at the theater.

Digitalization of lifestyle and the rise of alternative delivery channels guarantee the fact that watching movies would remain the most popular entertainment option for the consumers in future. United States leads the world in digital cinema conversion and is the largest online movie tickets market worldwide, as stated by the new market research report on online movie ticketing services. North America and Europe represent two of the largest markets for digital 3D cinema screens, capturing a consolidated share of well over 45% of the world market. In the years to come, significant government involvement will also make a big push in rapidly growing markets of China, and UK. While Europe and the US have long dominated the online movie ticketing services market, Asia-Pacific, led primarily by India has been turbo-charging global growth in recent years and is slated to record a sturdy double-digit growth rate of over 27% through 2017. Primary factors attributed to the growth include strong economic development and prosperity, shift towards western oriented lifestyles, rising broadband penetration, and launch of swanky multiplexes, among others.

Major players in the global marketplace include AOL MovieFone Inc, BIG Cinemas, BookMyShow, Cinemark Holdings Inc, Cineplex Entertainment LP, VOX Cinemas, Fandango Inc, Inox Leisure Limited, KyaZoonga, MovieTickets.com, among others.

The research report titled “Online Movie Ticketing Services: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides annual revenue estimates and projections for the years 2009 through 2017 in US$ Million for geographic markets including, United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Online_Movie_Ticketing_Services_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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