Event Tickets - Cambodia

Cambodia

Revenue in the Event Tickets market is projected to reach US$45.43m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.54%, resulting in a projected market volume of US$50.22m by 2028.
The Music Events market has a projected market volume of US$20.59m in 2024.
In global comparison, most revenue will be generated in the United States (US$36,260.00m in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$38.28 in 2024.
In the Event Tickets market, the number of users is expected to amount to 1.3m users by 2028.
User penetration in the Event Tickets market will be at 6.7% in 2024.

Key regions: Germany, India, China, Europe, Japan

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Analyst Opinion

The Event Tickets market in Cambodia is experiencing significant growth and development.

Customer preferences: Customers in Cambodia have shown a growing interest in attending various events, including concerts, sports competitions, and cultural performances. This can be attributed to the increasing disposable income and changing lifestyle preferences of the population. Cambodians are increasingly seeking out entertainment options and are willing to spend on tickets to attend these events. Additionally, the younger population, in particular, is highly interested in attending live events and experiencing unique entertainment opportunities.

Trends in the market: One of the key trends in the Event Tickets market in Cambodia is the rise of online ticketing platforms. With the increasing availability of internet access and smartphone penetration in the country, more and more customers are opting to purchase their event tickets online. This trend is driven by the convenience and ease of online ticket booking, as well as the ability to compare prices and choose from a wide range of events. Online ticketing platforms also offer additional features such as seat selection and digital ticket delivery, further enhancing the customer experience. Another trend in the market is the growing popularity of international events in Cambodia. The country has been attracting a number of international artists, performers, and sports teams, leading to an increase in demand for event tickets. This trend is driven by the desire of Cambodian customers to experience world-class entertainment and cultural events without having to travel abroad. The presence of international events also contributes to the growth of the tourism industry in Cambodia, as it attracts visitors from neighboring countries who are interested in attending these events.

Local special circumstances: Cambodia has a rich cultural heritage and a vibrant arts and entertainment scene. The country is known for its traditional music, dance, and theater performances, which attract both local and international audiences. This cultural richness has contributed to the demand for event tickets, as customers are eager to experience and support these local cultural events. Additionally, the government of Cambodia has been actively promoting the arts and entertainment sector, providing support and incentives for event organizers and performers. This has further fueled the growth of the Event Tickets market in the country.

Underlying macroeconomic factors: The growing economy of Cambodia has played a significant role in the development of the Event Tickets market. With the increase in disposable income and overall economic prosperity, customers have more financial resources to spend on entertainment and leisure activities, including event tickets. The stable economic growth has also attracted international investors and event organizers, leading to an increase in the number and scale of events held in Cambodia. Furthermore, the government's efforts to improve infrastructure and promote tourism have made the country more accessible and attractive to both local and international event-goers. These macroeconomic factors have created a favorable environment for the growth and development of the Event Tickets market in Cambodia.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.