openPR Logo
Press release

Global Contactless Ticketing Solutions Market Study Offering Deep Insight Related to Growth Trends until 2028 | Top Key Players- CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., A

10-04-2018 09:36 AM CET | IT, New Media & Software

Press release from: Fact.MR

Fact.MR

Fact.MR

When it comes to the contactless ticketing solutions, the two main options available are mobile NFC (Near Field Communication) and smart cards. Contactless cards are the ones customers are most aware of. In contactless ticketing, people just hold their card a few inches away from a reader, to securely authenticate or to pay for a passenger’s pass or ticket. A contactless ticketing solution by a mobile NFC can store tickets on the mobile phone digitally, and the NFC-enabled mobile phone can be used as a contactless transport ticket. To top up, a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train. Many countries are already enjoying the benefits of near field communication technology for contactless ticketing solutions. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing solution providers are offering security-based solutions to fulfil this huge demand in the contactless ticketing solutions market. The introduction of reliable and safe contactless ticketing solutions has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Get Free Sample Report here- https://www.factmr.com/connectus/sample?flag=S&rep_id=1876

Global Contactless Ticketing Solutions Market: Drivers and Challenges

Contactless payments or contactless ticketing solutions are fast-paced without the requirement of any password or pin to process the payment. Thus, these contactless ticketing solution based transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing solutions market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing solutions market. Faster and easier transactions make the boarding of passengers smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing solutions market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the contactless ticketing solutions market over the forecast period.

However, concerns regarding security and privacy of contactless ticketing solutions have created lack of trust among the public, and the absence of a pin facility during the contactless ticketing solutions based transaction further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing solutions market. Moreover, contactless ticketing cards are accepted at less locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing solutions market.

Global Contactless Ticketing Solutions Market: Segmentation

The contactless ticketing solutions market can be segmented on the basis of device type, vertical, and region.

The contactless ticketing solutions market segmentation by device type,

Smart Cards
NFC Chips
Mobile Handsets
Others
The contactless ticketing solutions market segmentation by vertical,

Transportation
Land Transport
Air Transport
Water Transport
Media and Entertainment
Others
Global Contactless Ticketing Solutions Market: Competition Landscape

Key Vendors

Examples of some of the market participants in the global contactless ticketing solutions market identified across the value chain include CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., Atos SE, Giesecke & Devrient GmbH, American Express Company, and Oberthur Technologies S.A.

Global Contactless Ticketing Solutions Market: Regional Outlook

The contactless ticketing solutions market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.

Growing economies such as China and Japan are set to be emerging regions in the contactless ticketing solutions market in the coming years, due to increasing investments from their governments and companies providing complete automation ticketing services and systems. Europe is anticipated to lead the contactless ticketing solutions market, followed by North America, during the forecast period, due to fast adoption of new technology such as contactless ticketing solutions in these regions. Asia Pacific is estimated to significantly contribute to the contactless ticketing solutions market, due to the growing demand for smart ticketing and automated systems from the developing countries in this region.

To know more about the Contactless Ticketing Solutions Market Trends, visit this link- https://www.factmr.com/report/1876/contactless-ticketing-solutions-market

The report covers exhaustive analysis on,

Market Segments
Market Dynamics
Historical Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies Involved
Market Drivers and Restraints

Report Highlights

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current, and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

Get In Touch with Our Industry Expert- https://www.factmr.com/connectus/sample?flag=AE&rep_id=1876

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Contactless Ticketing Solutions Market Study Offering Deep Insight Related to Growth Trends until 2028 | Top Key Players- CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., A here

News-ID: 1279396 • Views: …

More Releases from Fact.MR

Carbon Dioxide Incubators Market to Reach $483.5 Million by 2027, with 8.4% CAGR
03-29-2024 | Health & Medicine
Fact.MR
Carbon Dioxide Incubators Market to Reach $483.5 Million by 2027, with 8.4% CAGR
The international carbon dioxide incubators market is predicted to expand at a CAGR of 8.4% over the following 5 years, with sales anticipated to raise from United States$ 323 million in 2022 to United States$ 483.5 million by 2027. Carbon dioxide incubators are important tools made use of in research study labs, professional setups and also biotechnology markets for cell society applications. These incubators develop a regulated setting with controlled temperature…
Vegan Flavors Market Is Slated To Reach US$ 18,324.3 Million At A CAGR Of 5.2% B …
The global vegan flavor market is estimated to be valued at US$ 11,078.2 million in 2024 and is forecast to reach a value of US$ 18,324.3 million by 2034, with a projected CAGR of 5.2% from 2024 to 2034 owing to the rising popularity of plant-based diets. The Vegan Flavor Industry sales study offers a comprehensive analysis on diverse features including production capacities, Vegan Flavor demand, product developments, sales revenue generation…
Pesticide Inert Ingredients Market Is Projected To Reach A Value Of US$ 13,167.2 Million By 2034: Fact.MR Report
Pesticide Inert Ingredients Market Is Projected To Reach A Value Of US$ 13,167.2 …
The global pesticide inert ingredients market is estimated to attain a valuation of US$ 7,621.2 million in 2024. During the forecast period, 2024-2034, the demand for pesticide-inert ingredients is expected to advance at a 5.6% CAGR globally. By 2034, the industry is expected to have grown to a valuation of US$ 13,167.2 million in size. The Pesticide Inert Ingredients Industry sales study offers a comprehensive analysis on diverse features including production…
Portable Bluetooth Speaker Market Is Projected To Reach A Value Of US$ 20,521 Million At A CAGR Of 10.6% By 2034
Portable Bluetooth Speaker Market Is Projected To Reach A Value Of US$ 20,521 Mi …
The global portable bluetooth speaker market is estimated to be valued at US$ 7,521.6 million in 2024. The market is anticipated to reach US$ 20,521 million by 2034, with a projected CAGR of 10.6% from 2024 to 2034. The Portable Bluetooth Speaker Industry sales study offers a comprehensive analysis on diverse features including production capacities, Portable Bluetooth Speaker demand, product developments, sales revenue generation and Portable Bluetooth Speaker market outlook…

All 5 Releases


More Releases for Contact

Global Corrective Contact Lens Market Analysis Forecast 2022-2028 Global Industr …
The Corrective Contact Lens Market research report offers key values on the state of the industries. The study involved research on landscape-specific skill as well as detailed information on each section. The Corrective Contact Lens research report highlights inner and outer examination of the current worldwide Corrective Contact Lens market. This Corrective Contact Lens market report includes major competitors and players involved in the market. The classification also involves the…
Media Contact: Company Name: Orion Market Reports Contact Person: Mr.Anurag Tiwa …
Multefire Market will experience a noticeable growth during the forecast period 2019-2025 The Global Multefire Market size is expected to grow at an annual average of 29.3% during 2019-2025. The MulteFire market is driven by the growing demand for more scalable and better network connectivity for industrial IoT (IIoT) applications and the increasing demand for high-capacity and easy-to-install wireless connectivity networks. The deployment of 5G networks and the MulteFire Alliance's initiatives…
Find Buyer Importer Contact
Data Driven B2B Marketing Automation ----Honest Joy is the data expert helping B2B clients to grow business Find customers Find potential customers based on product name,company name HS code.Contact emails of related person can also be obtained automatically from our database. Find Contact & Email Manually  interact with strong AI search engines from 175 regional search engines and 220 social media to identify target customers. All of the contact details of its decision makers e.g…
Contact Center Analytics Market - The Implementation of Contact Center Analytics
The significant benefits of contact center analytics is that it helps in monitoring the service quality of each employee-customer interactions and thereby help in streamlining operational and business issues. Contact center analytics also aid in reducing operational & overhead expenses. One time implementation of contact center analytics alleviate frequently repeated issues. Furthermore, customer experience is the valuable element in any contact center business segment. So it’s important in transforming…
Incentivising Contact Centre Teams
The establishment of incentives is an important process for every contact centre, and the KPI’s are typically aligned with the overall corporate strategy and mission. How KPI’s are set, will in part be determined by the type of contact centre i.e. sales, service or support, and the indicators will consider customer satisfaction, operational efficiency, sales, and agent quality for example. Choosing the measurements for success and the subsequent rewards also…
Contact Lens Market: Cast Molding Emerges as Most Sought After Contact Lens Manu …
The global contact lens market witnesses a highly competitive and consolidated scenario, states Transparency Market Research (TMR) in a research report. The crème of all the companies present in the market are Bausch and Lomb, Alcona Inc., The Cooper Companies, and Johnson & Johnson. In 2015, these companies collectively held a share of approximately 68% in the global contact lens market. The leading vendor in the market in the same…