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Smart Ticketing Market - Bolster Growth by Encouraging Cashless Transactions

09-04-2018 08:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The smart ticketing system is a system which enables storing tickets electronically in a microchip. The microchip is embedded on a pepper card and this is known as a smart card. Some of the key advantages of using smart ticking system include safety from fraud, providing passengers with credit or pre loaded ride travels in case of an advance travel, help is reduction or eliminating long queue.

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Further smart ticketing system enables the operators and sellers to provide there personalized or customized tickets which suit the requirement of a wide range of individuals and cater to their customized requirements.

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The smart ticketing system is most widely adopted in the transportation sector. Some of the key factors driving the smart ticket market include successful application of a wide range of smart technology. Rising application in tourism and travel industry and applications of systems which are user friendly which could be accessed and easily used by people from all age group is further driving the smart ticketing market growth.

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The smart ticketing market by component could be broadly segmented into hardware and software. The smart ticketing market by hardware could be further segmented into cards and microchips, POS terminal equipment and card reader.

The smart ticketing market by system could be broadly segmented into near field communication system, smart card and open payment system. The smart card segment in the smart ticketing market segmented by system could be further segmented into chip less radio frequency identification (RFID) and chip radio frequency identification RFID.

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