Event Tickets - Oman

Oman

Highlights

Revenue in the Event Tickets market is projected to reach US$6.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.89%, resulting in a projected market volume of US$7.19m by 2028.
The Music Events market has a projected market volume of US$2.93m in 2024.
In global comparison, most revenue will be generated United States (US$36.26bn in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$30.21 in 2024.
In the Event Tickets market, the number of users is expected to amount to 247.0k users by 2028.
User penetration in the Event Tickets market will be at 4.0% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Oman is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences play a crucial role in shaping the Event Tickets market in Oman. Omanis have shown a growing interest in attending various events, including concerts, sports matches, and cultural performances. This increased demand for event tickets is driven by a desire for entertainment and a growing appreciation for live experiences. Furthermore, the younger generation in Oman is particularly interested in attending events, which has further fueled the growth of the market. Trends in the market also contribute to the development of the Event Tickets market in Oman. One notable trend is the increasing popularity of international events in the country. Oman has become a sought-after destination for international artists, musicians, and performers, attracting a diverse range of events. This trend has not only expanded the variety of events available to Omanis but has also attracted international visitors, boosting the overall demand for event tickets. Local special circumstances further contribute to the growth of the Event Tickets market in Oman. The government of Oman has actively invested in developing the country's entertainment and tourism sectors. This investment has led to the construction of modern venues and the improvement of existing facilities, making Oman an attractive destination for both local and international events. Additionally, the government has implemented policies to promote cultural exchange and encourage the hosting of international events, further stimulating the market. Underlying macroeconomic factors also play a role in the development of the Event Tickets market in Oman. The country's stable economy and increasing disposable income levels have allowed Omanis to allocate more of their budget towards entertainment and leisure activities, including attending events. Furthermore, the growth of the tourism industry in Oman has brought in a steady stream of international visitors who are also interested in attending events, contributing to the overall demand for event tickets. In summary, the Event Tickets market in Oman is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for live experiences, the popularity of international events, government investments, and a stable economy all contribute to the positive trajectory of the market.

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.