Event Tickets - Sudan

Sudan

Highlights

Revenue in the Event Tickets market is projected to reach US$269.20k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -8.39%, resulting in a projected market volume of US$189.60k by 2028.
The Music Events market has a projected market volume of US$115.70k 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$0.30 in 2024.
In the Event Tickets market, the number of users is expected to amount to 1.0m users by 2028.
User penetration in the Event Tickets market will be at 1.8% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Sudan is experiencing significant growth and development due to several factors.

Customer preferences: Customers in Sudan have shown a strong preference for attending live events and entertainment, which has contributed to the growth of the Event Tickets market. Sudanese people enjoy cultural events, concerts, sports matches, and other forms of live entertainment. They value the experience of being part of a live audience and the opportunity to connect with others who share similar interests. This preference for live events has created a demand for event tickets in Sudan.

Trends in the market: One of the key trends in the Event Tickets market in Sudan is the increasing popularity of international artists and performers. Sudanese audiences are eager to experience performances by renowned international artists, which has led to a rise in the number of international events being organized in the country. This trend has not only attracted a larger audience but has also created a need for more event tickets to meet the growing demand. Another trend in the market is the emergence of online ticketing platforms. With the increasing penetration of the internet and the widespread use of smartphones, more Sudanese customers are opting to purchase event tickets online. Online ticketing platforms offer convenience and ease of access, allowing customers to browse and book tickets from the comfort of their homes. This trend has also contributed to the growth of the Event Tickets market in Sudan.

Local special circumstances: Sudan has a rich cultural heritage and a vibrant arts scene, which has played a significant role in the development of the Event Tickets market. The country hosts a variety of cultural festivals, music concerts, and theater performances throughout the year. These events attract both local and international audiences, contributing to the demand for event tickets. Additionally, Sudanese people have a strong sense of community and enjoy coming together for social and cultural events, further driving the growth of the Event Tickets market.

Underlying macroeconomic factors: The improving economic conditions in Sudan have also had a positive impact on the Event Tickets market. As the economy grows and disposable incomes increase, more people have the financial means to attend live events and purchase event tickets. This has led to a larger customer base and higher ticket sales in the market. Additionally, the government's efforts to promote tourism and cultural activities have further boosted the Event Tickets market by attracting more visitors to the country. In conclusion, the Event Tickets market in Sudan is experiencing significant growth and development due to customer preferences for live events, the popularity of international artists, the emergence of online ticketing platforms, the country's rich cultural heritage, and improving macroeconomic conditions. These factors have contributed to the increasing demand for event tickets and the overall expansion of the market in Sudan.

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.