The Event Tickets market in Bosnia and Herzegovina has been experiencing steady growth in recent years. Customer preferences, along with local special circumstances and underlying macroeconomic factors, have contributed to this positive trend. Customer preferences in Bosnia and Herzegovina have played a significant role in the development of the Event Tickets market. The population has shown a growing interest in attending various events, including concerts, sports matches, and cultural performances. This increased demand for event tickets has created a thriving market for ticket sellers and event organizers. Additionally, customers in Bosnia and Herzegovina have shown a preference for convenience and ease of purchase when it comes to buying event tickets. Online ticket platforms and mobile applications have become increasingly popular, providing customers with a convenient way to browse and purchase tickets from the comfort of their own homes. Trends in the market have also contributed to its growth. One notable trend is the rise of international events in Bosnia and Herzegovina. The country has been attracting more international artists, musicians, and sports teams, leading to a greater variety of events for customers to choose from. This trend has not only increased the demand for event tickets but has also boosted tourism in the country, as visitors from neighboring countries and beyond travel to Bosnia and Herzegovina to attend these events. Local special circumstances have also played a role in the development of the Event Tickets market. Bosnia and Herzegovina has a rich cultural heritage and a strong sense of community. This has led to a high level of participation and attendance at local events, such as traditional festivals and performances. The local population takes pride in supporting and attending these events, creating a strong demand for event tickets. Additionally, the relatively low cost of living in Bosnia and Herzegovina compared to other European countries has made event tickets more affordable for the general population, further contributing to the market's growth. Underlying macroeconomic factors have also had an impact on the Event Tickets market in Bosnia and Herzegovina. The country has experienced economic stability and growth in recent years, which has increased disposable income levels and consumer spending. As a result, more individuals have the financial means to attend events and purchase event tickets. Furthermore, the government has made efforts to promote the tourism industry, which has had a positive effect on the Event Tickets market. Increased investment in infrastructure and marketing campaigns has attracted more tourists to the country, leading to a higher demand for event tickets. In conclusion, the Event Tickets market in Bosnia and Herzegovina is developing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The growing interest in attending events, the rise of international events, the sense of community, and the economic stability of the country have all contributed to the market's positive growth. With these factors in place, the Event Tickets market in Bosnia and Herzegovina is expected to continue its upward trajectory in the coming years.
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.
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