Press release
Smart Ticketing Market will Witness a Rise in Revenues With CAGR Of 9.2% Followed By Top Companies Like Cubic Corporation, Infineon Technologies, NXP Semiconductors, Rambus, HID Global, CPI Card Group, Confidex Ltd., Oberthur Technologies
The global smart ticketing market is expected to reach USD 9.856 billion by 2025, from USD 5.9 billion in 2017 growing at a CAGR of 9.2% during the forecast period of 2018 to 2025.
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Complete report on Global Smart Ticketing Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Smart Ticketing Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the smart ticketing market in the next 8 years. Smart ticketing is a system, which automatically stores a travel ticket on a microchip, which is usually fixed on a smartcard. Smartcard allow customers of public carriage to flawlessly step on and off buses, or trains without using outdated payment systems. Smart ticketing systems are embedded with water-resistant features, which increase life of the ticket which is longer when compared to a typical paper ticket. Manufacturers are gradually configuring artificial intelligent technology in the smart ticketing systems to increase the market. Features like fingerprint recognition and ultra-touch fingerprint sensors, will increase smart ticketing system demand in various industries. Smart ticketing market is not only restricted to the transport industry, but, it also gains popularity in sports, entertainment, BFSI, and healthcare. The information technologies like QR code, NFC, RFID, barcode, local wireless ticketing, and open payment systems helps the smart ticketing companies to provide smart solutions to different industries.
Top Key Players:
• Gemalto NV
• Cubic Corporation
• Infineon Technologies AG
• NXP Semiconductors.
• Xerox Corporation.
• HID Global Corporation/ASSA ABLOY AB.
• Giesecke & Devrient GmbH
• CPI Card Group Inc.
• Confidex Ltd.
• IAC Publishing, LLC
• Oberthur Technologies
• Rambus.com.
• Xerox Corporation.
• Vix Technology.
• Scheidt & Bachmann GmbH
• HID Global Corporation/ASSA ABLOY AB.
• Inside Secure
• among others.
Major Market Drivers:
• Availability of smart transit systems in reasonable prices.
• Evolving new application in travel and tourism industry
• Acceptance of smart technologies.
• Easily accessible platform
Restraints:
• Huge amount of funds required.
• Consolidated structure for smart ticketing systems.
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Global Smart Ticketing Market By Product (Ticket Machine, E-Ticket, E-Kiosk, Smart Parking System, E-Toll , Request Tracker), By Component (Software, Hardware), By System (Smart Card, Open Payment System, Near-Field Communication System), By Application(Railways and Metros, Sports and Entertainment, Airlines , Buses ),By Geography– Industry Trends and Forecast to 2025
Key Questions Answered in Global Smart Ticketing Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Smart Ticketing Market in 2025?
• What are the key factors driving, Analysis by Applications and Countries Global Smart Ticketing Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Smart Ticketing Market?
• Who are Opportunities, Risk and Driving Force of Global Smart Ticketing Market?
• Who are the opportunities and threats faced by the vendors in Global Smart Ticketing Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Smart Ticketing Market opportunities, market risk and market overview of the Market?
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Customize report of "Global Smart Ticketing Market" as per customers requirement also available.
Market Segmentations:
Global Smart Ticketing Market is segmented on the basis of
• Product
• Component
• System
• Application
• Geography
Market Segmentations in Details:
On the basis of Product, the global smart ticketing market is segmented into ticket machine, e-ticket, e-kiosk, smart parking system, e-toll, request tracker and others.
On the basis of Component, the global smart ticketing market is segmented into hardware and software. Hardware is further sub segmented into POS terminal equipment, cards and microchips and card reader.
On the basis of System, the global smart ticketing market is segmented into smart card, open payment system, and near-field communication system. The smart card is further sub segmented into chip-based RFID and chipless RFID.
On the basis of Application, the global smart ticketing market is segmented into railways and metros, sports and entertainment, airlines and buses. Sports and entertainment is further segmented into malls, stadium and museum.
On the basis of Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Company Share Analysis: Global Smart Ticketing Market
The global smart ticketing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart ticketing market for global, Europe, North America, Asia pacific and South America.
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