Smart Card Contactless Ticketing Market Growth, Trends, Absolute Opportunity and Value Chain 2018-2028
A smart card is basically a credit card-sized piece of plastic with a microchip embedded in it. So, smart card contactless ticketing refers to a system where a travel ticket is stored on a microchip, digitally, rather than on a print out, and this is generally on the chip in the smart card. Smart card contactless ticketing schemes are becoming increasingly popular as a new technology for enhancing public transportation services across the world. The smart card contactless ticketing system is not only about an individual passenger’s benefits, but local transport authorities and central governments can also gain benefits from smart card contactless ticketing systems. Due to the increase in fraud activities and the need to provide secure services to customers, smart card contactless ticketing players are offering security-based solutions to fulfil this huge demand in the smart card contactless ticketing market. The introduction of reliable and safe smart card contactless ticketing systems has brought about a wide range of applications of smart cards in different sectors. Smart card contactless ticketing can also be used for fare collection via mobile ticketing and tolls.
Get Free Exclusive Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1852
Global Smart Card Contactless Ticketing Market: Drivers and Challenges
The increasing demand for mobile and web applications, real-time information, and smart cards are some of the major factors driving the growth of the smart card contactless ticketing market. Due to the increase in the installation of safety and convenience systems and advanced fare payment systems, there has been an increase in the public transport smart card contactless ticketing market. Also, the greater ability to use contactless smart cards for different fare structures is one of the key factors fueling the growth of the smart card contactless ticketing market over the forecast period. Faster and easier transactions makes the boarding of passengers smoother. These are some of the factors anticipated to drive the growth of the smart card contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the smart card contactless ticketing market over the forecast period.
However, some of the technical challenges associated with the usage of smart cards and the high cost of migration to smart cards are some of the factors that are anticipated to hinder the growth of the smart card contactless ticketing market in the near future.
Ask For Customized Report @ https://www.factmr.com/connectus/sample?flag=RC&rep_id=1852
Global Smart Card Contactless Ticketing Market: Segmentation
The smart card contactless ticketing market can be segmented on the basis of technology, vertical, and region.
The smart card contactless ticketing market segmentation by technology,
RFID (Radio Frequency Identification)
NFC (Near Field Communication)
The smart card contactless ticketing market segmentation by vertical,
Media and Entertainment
Global Smart Card Contactless Ticketing Market: Competition Landscape
Examples of some of the market participants in the global smart card contactless ticketing market identified across the value chain include CPI Card Group Inc., Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Atos SE, Giesecke & Devrient GmbH, American Express Company, and Oberthur Technologies S.A.
Global Smart Card Contactless Ticketing Market: Regional Outlook
By region, the smart card contactless ticketing market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.
Europe is anticipated to lead the smart card contactless ticketing market, followed by North America, during the forecast period, due to the fast adoption of new technology in these regions. Asia Pacific is set to be an emerging region in the smart card contactless ticketing market in the coming years, due to the rising investments from governments and companies to provide complete automation in smart card contactless ticketing services and systems. Growing economies such as China and Japan are estimated to contribute to the smart card contactless ticketing market, due to the growing demand for smart card contactless ticketing and automated systems from such economies.
For more information on this report, please visit: https://www.factmr.com/report/1852/smart-card-contactless-ticketing-market
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research 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.
11140 Rockville Pike
Rockville, MD 20852
Follow Us on Linkedin: www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
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 Smart Card Contactless Ticketing Market Growth, Trends, Absolute Opportunity and Value Chain 2018-2028 here
News-ID: 1486187 • Views: 297
More Releases from Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will