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Global Online Event Ticketing Industry to Reach Over US$34.3 Billion by 2025

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In a global report on the online ticketing market, it has been found that the global online event ticketing industry is expected to witness huge growth over the next few years. Various major regions of the world such as Europe, the USA, and the Asia Pacific countries are covered in the report. The advancement in technology is the major reason responsible for the high growth in this sector in the years to come.

The online event ticketing market worldwide is going to witness a compound growth of 4.6% to enable it to grow by US$17.4 Billion. Out of all the different categories of events, the highest share of online tickets is enjoyed by music events. And music events show the potential to grow at over 4.5%. The global online event ticketing industry is going to reach over US$34.3 billion by the year 2025 and it will give new opportunities to businesses to witness excellent growth.

More people are purchasing their event tickets online due to the facility to buy tickets at any time. With increasing internet penetration, it has become possible for every person to select his favorite seat in a theatre with a click of a few buttons. In the US, there is a huge demand for the online ticketing in majestic theatre in San Antonio as people are visiting its online platform to buy tickets for various events. Since the websites or portals are opened anytime, it is possible for everyone to buy tickets for events from any location in the world.

One can choose one’s seats at events as per the different prices available on the official websites of different theaters. It is possible to see the available seats on smartphones before bookings and it makes it possible for everyone to do so without visiting the event theaters. Another benefit of using an online event ticketing system is that it helps a person to compare the prices of different tickets on different platforms on their smartphones with ease. This makes it possible for a person to buy discounted tickets without any difficulty.

In addition to this, online ticket booking platforms also give an opportunity for different event managers to promote their event online among people. Many businesses advertise their products and services online on ticket booking platforms to reach a high volume of the audience. The United States is expected to witness a growth of 3.6% and Europe will also contribute to the growth of online ticketing platforms to a significant level. In Europe, Germany will contribute US$616.4 Million over the next 5-6 years and around US$506 million worth of projected demand will come from the rest of the European regions.

The availability of quality services at events has also been a prominent factor in the growth of the online ticketing market across the globe. Music events will be the major contributor to the growth in this sector. Japan will reach the market size of US$1.8 Billion and China is expected to grow at 7.2% over the next couple of years. The content-based events have made it possible for people to come out of their houses in order to watch their favorite shows across the world by booking event tickets online.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Revolutionizing PM Recruitment: How ProsperCircle Leverages AI for Job Matching

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Job hunting can prove daunting in the field of product management (PM), which ranks as the fourth most popular US career, attracting thousands of highly qualified candidates. In this competitive field, many candidates increase their odds by harnessing the power of data.

 

ProsperCircle empowers PM job seekers with career opportunities that align with their individual skills, experience, and interests through a niche job search platform that provides personalized AI career coaching and interview practice specific to product management. Their development of a properietary reasoning engine tailored for automated PM interviews empowers candidates with a simulated interview experience, actionable feedback, and the confidence to excel in real-world scenarios by practicing real-world case questions.

 

How ProsperCircle’s AI coach matches candidates with the best available PM jobs

ProsperCircle leverages AI to provide improved job recommendations. The platform’s machine learning algorithms analyze vast amounts of job data, ensuring that candidates are matched with the most relevant jobs to give those seeking PM jobs a better experience with little to no search fatigue.

With ProsperCircle, AI algorithms take note of a job seeker’s work experience, education, skills, and preferred location. The system then analyzes the information against the platform’s job database to deliver personalized job listings tailored to the job seeker’s preferences.

Virtual interview methods today struggle to accurately assess candidates’ abilities, particularly for roles like PM that require nuanced decision-making. ProsperCircle’s reasoning engine fills this gap by offering a unique simulated interview experience tailored for PM roles. Unlike existing solutions, their platform provides candidates with real-world scenarios, allowing recruiters to evaluate their problem-solving and decision-making skills in a virtual environment.

“The old-fashioned way of finding a job was to scroll through hundreds of ads and pick out the ones that were a good fit for your interests and abilities,” says Salil Sethi, founder of ProsperCircle.com. “AI job matching changes the game by streamlining the process and giving you the time to concentrate on the most suitable PM job listings.”

ProsperCircle processes the information on job advertisements and candidates’ profiles to generate vector embeddings. These three-dimensional representations of data points record subtle details of thousands of job postings and the candidates’ complicated backgrounds, experiences, and preferences through a highly sophisticated approach beyond mere keyword matching.

“Our AI career coach starts by looking at your work experience, education, desired work environment, and goals,” explains Sethi. “The system then checks the vector embeddings of your profile against all available product management job listings to find highly relevant matches by analyzing each position’s necessary skills, duties, business culture, and opportunities for advancement. You get personalized employment suggestions based on in-depth analysis of your needs and the needs of each potential employer.”

With every interaction, ProsperCircle’s AI job coach gains knowledge by taking note of each candidate’s preferences as they apply for jobs, and then gives candidates feedback on suggestions to improve their search results. This ensures that future recommendations are better targeted and more successful.

How ProsperCircle’s AI coach helps PM job seekers improve their odds as they apply for job matches

ProsperCircle’s AI coach not only examines a PM candidate’s relevant information to suggest job listings but also utilizes AI to provide career advice.

First, ProsperCircle provides candidates with comprehensive insights into the current product management market with data analysis and metrics such as average salary, average time to hire, and the skills employers desire most. With this data, PM job candidates can better gauge their value in the market, pinpoint where to improve their skills, and plan to meet the changing demands of their field.

For example, a candidate interested in a digital product management role can access specific insights about the demand for these roles in different industries, the typical career trajectory, and the average time companies take to fill such positions. This level of detail empowers them to target applications and negotiate salaries more effectively.

ProsperCircle assigns each available job a competitiveness score. This score evaluates how competitive the selection process for each listing will be based on factors like the company’s reputation, required skills, or salary.

Next, the platform offers tips to improve candidates’ resumes and cover letters by prompting them to highlight relevant experience. It also recommends skills that candidates can acquire to improve their odds during the selection process.

Finally, ProsperCircle’s revolutionary AI interview coach is a game-changer. With the help of advanced reasoning engines, it mimics real-life interview situations, creates an immersive environment, and offers specific feedback to prepare candidates for success in actual interviews.

“A data-driven approach is becoming an absolute necessity in today’s cutthroat employment environment,” remarks Sethi. “It helps you find the right job and enables you to confidently chart a course for your professional future. By keeping PM professionals updated with market trends, salary benchmarks, and in-demand skills, we enable them to adapt their learning and career plans to meet the industry’s ever-evolving demands.”

The use of AI reimagines job search platforms and transforms the job search experience for candidates. Highly relevant job listings, personalized career advice, and immersive interview coaching have quickly made ProsperCircle the go-to platform for job seekers looking to advance their PM careers.

 

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