Press release
Smart Ticketing Solutions Market Trends, Regulations And Competitive Landscape Outlook to 2028
With the evolution of technology impacting every industry, several countries have been taking initiatives to manage cities and incorporate smart cities through the introduction of smart ticketing solutions. Smart ticketing solutions are being adopted in many developing as well as developed regions such as North America, SEA and APAC as they save time, offer convenience and eliminate the queue system while collecting tickets.
Smart ticketing solution cards provide several benefits to commuters – they reduce the travel time and improve service efficiency. They also help governments and transport services collect the travel data of commuters. Attributing to the convenience offered by smart ticketing solutions, their usage can be extended to other areas of the transport market such as car parking and fuelling.
Smart ticketing solutions help in managing existing infrastructure and assist in the development of new infrastructure through time savings. They offer efficient services to the citizens of different countries by providing a systematic workflow. Smart ticketing solutions enable private and public sectors to develop new and innovative businesses. Attributing to safety and security issues, smart ticketing solutions are being adopted in specific industries, such as healthcare, transportation and retail, to enable complete identification. Smart ticketing solutions can also be used by healthcare professionals to identify individuals brought in by ambulances. The chip embedded in a smart ticketing solutions card can provide a large amount of data for the identification of a person.
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Smart Ticketing Solutions Market: Drivers and Challenges
Drivers
Expansion of the global smart ticketing solutions market is anticipated to be driven by the rising demand for profitability improvement in multiple sectors. The smart ticketing solutions market, at the moment, is experiencing noteworthy developments, driven by the various developers of smart ticketing solutions catering to different industries. Attributing to the increasing adoption of e-commerce services and cashless payments, online payments have witnessed exponential growth globally. Along with the increase in online payments, the security risks associated with them have also significantly increased. These are the primary factors driving the smart ticketing solutions market.
Challenges
Challenges in the smart ticketing solutions market have been increasing with the boom in smart city projects across several countries. Smart ticketing solutions offer several features, including fast and contactless payments. With the increasing availability of technologically-advanced smart ticketing solutions, identity & security challenges have been increasing for governments, enterprises, financial institutions and healthcare markets. The primary issue associated with embedded chips is the fact that data and passwords are stored in them, which helps remove their security lock. In this manner, any person can steal the data of a cardholder, which is a significant concern for companies that manufacture smart ticketing solutions cards.
Global Smart Ticketing Solutions Market: Segmentation
The global smart ticketing solutions market can be segmented on the basis of type, end-use and region.
Segmentation of the smart ticketing solutions market on the basis of type:
Contact Cards
Contactless Cards
Hybrid Cards
Dual- interface Cards
Segmentation of the smart ticketing solutions market on the basis of end-use:
Government
Healthcare
Transportation
Telecommunication
Financial Services, Retail, and Loyalty
Entertainment
Others
Global Smart Ticketing Solutions Market: Competition Landscape
Examples of some of the key participants in the global smart ticketing solutions market include Xerox Corporation, Cubic Corporation, Gemalto NV, Rambus, Confidex Ltd., NXP Semiconductors, CPI Card Group, Infineon Technologies AG, HID Global Corporation and Giesecke & Devrient GmbH.
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Global Smart Ticketing Solutions Market: Regional Overview
On the basis of geography, North America is expected to capture the largest share in the smart ticketing solutions market, owing to the presence of well-established smart ticketing solutions vendors. Europe and Japan are also expected to gain substantial shares in the smart ticketing solutions market due to the introduction of new technologies and applications. The APAC region is expected to be the fast-growing smart ticketing solutions market, owing to the government initiatives being taken towards the improvement of technologies in emerging economies such as India and China.
The smart ticketing solutions markets in Latin America and MEA are expected to witness high growth rates in the coming years, due to the increasing number of smart city projects in these regions.
The report covers exhaustive analysis on,
Global market segments
Global market dynamics
Historical actual market size, 2013–2017
Global market size & forecast, 2018 to 2028
Supply & demand value chain for the market
Global market current trends/issues/challenges
Competition & companies involved in the market
Market solutions technology
Value chain of the market
Global market drivers and restraints
Regional analysis for the global smart ticketing solutions market includes,
North America Market
U.S.
Canada
Latin America Market
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Market
Poland
Russia
SEA & Others of APAC Market
Australia and New Zealand (A&NZ)
India
ASEAN
Rest of SEA & Others of APAC
Japan Market
China Market
Middle East and Africa Market
GCC Countries
North Africa
South Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Analysis@ https://www.factmr.com/report/1830/smart-ticketing-solutions-market
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 volume and 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
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