NEW YORK, April 15, 2022 /PRNewswire/ — The global secondary tickets market size is expected to increase by USD 2.24 billion between 2020 and 2025. The market observed a YOY growth of 2.67% in 2021 and the growth momentum is expected to accelerate at a CAGR of 7.87% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

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The rising popularity of sports events will be driving the growth of the market. There has been a significant rise in the popularity on various sports such as NFL, Fédération Internationale de Football Association (FIFA) World Cup, MLB, National Hockey League (NHL), National Collegiate Athletic Association (NCCA) league, and the UEFA Champions League. Also, the rising number of viewers for such events is increasing the sales of tickets for sports events. The rising popularity of various events is driving many organizations of sports events to have direct tie-ups with secondary Ticket providers. For instance, in June 2019, ATP Tour announced that the resale of tickets for the 2019 and 2020 Nitto ATP Finals at The O2 in London would be through an exclusive partnership with AXS Group and its platform AXS Official Resale. Many such factors are increasing the sales of tickets, thereby driving the growth of…