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By 2024 Mobile Ticketing Market to Rise at 21.3% CAGR
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Rising proliferation of smartphones and other multimedia devices has incidentally relieved the world from ticketing hurdles. Lack of management, improper registration and booking delays will no longer be observed as challenges in the years to come. Worldwide acceptance of mobile ticketing services will ensure that travelling to places will become more hassle-free than before. Persistence Market Research’s latest publication delivers key insights on the future of mobile ticketing. According to the forecast report, the global market for mobile ticketing is expected to grow robustly, bringing in an estimated US$ 3,177.3 Mn in revenues by the end of 2024.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12454
In the long run, the global demand for mobile ticketing is likely to gain traction across several applications. The report, titled “Mobile Ticketing Market: Global Industry Analysis and Forecast, 2016-2024,” estimates the US$ 677 Mn global market for mobile ticketing to grow at a stellar 21.3% CAGR towards the end of 2024. During this forecast period, the demand for mobile ticketing is expected to witness an upsurge across entertainment ticketing applications. In 2017 and beyond, seats for concerts, plays, and even movies, will be booked or ticketed through mobile ticketing services. Nevertheless, travel ticketing will remain the largest application of mobile ticketing in the world, procuring a little over 50% share on global revenues towards the end of 2024.
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Masabi Ltd., inmodo AB, Margento B.V., Gemalto N.V., ShowClix Inc., Digital Management, Inc., Rapidsoft Systems, Inc., moovel Group GmbH, Scheidt & Bachmann GmbH, and AEP Ticketing Solutions Srl are companies observed as leaders in the global market for mobile ticketing. The report has also classified the global mobile ticketing market’s growth on the basis of several key regions in the world. The global mobile ticketing market is predicted to be witness higher contribution by regions – North America, Europe and Asia-Pacific. North America is presently dominating the market with more than one-third share in global revenues. But, towards the end of 2024, the region will lose out its dominance and Europe will emerge as the largest market for mobile ticketing in the world. The Asia-Pacific mobile ticketing market, on the other hand, will showcase fastest revenue growth at a CAGR of 25.1%.
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