Press release
Smart Ticketing Market Outlook to 2027 by Top Dominating Key Players Conduent, Cubic, Gemalto, HID Global, Indra Sistemas, Infineon Technologies, Inside Secure, NXP Semiconductors, Rambus, and Vix Technology
Smart Ticketing Market
The smart ticketing market is anticipated to grow owing to driving factors such as advanced technologies in the smart ticketing systems, rising demand for smart ticketing from travel and tourism industry, affordable access to rapid transit through the help of smart transit systems, and increase in the intelligent transportation market. The increased number of cashless transactions is likely to augment the demand for smart ticketing in the next years.
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Smart ticketing is a system that electronically stores a travel ticket on a microchip which is then embedded on a smartcard. A smartcard allows passengers of public transport to seamlessly hop on and off buses, trams or trains without using traditional payment systems like purchasing a paper ticket. It is a paper free solution and an easier way to maintain a travel ticket. Ticket machine is the oldest form of smart ticketing and supports in managing and maintaining flow of passengers during peak hours.
The market payers from smart ticketing market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart ticketing in the global market. Below mentioned is the list of few companies engaged in the smart ticketing market.
- Conduent Inc.
- Cubic Corporation
- Gemalto
- HID Global
- Indra Sistemas, S.A.
- Infineon Technologies AG
- Inside Secure
- NXP Semiconductors
- Rambus Inc.
- Vix Technology
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart ticketing market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart ticketing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The global smart ticketing market is segmented on the basis of component, product, system, and application. Based on component, the market is segmented as hardware & software. On the basis of the product, the market is segmented as ticket machine, E-ticket, E-kiosk, request tracker, and others. Further, based on system, the market is divided into open payment system, smart card, and near-field communication. Furthermore, on basis of application, market is segmented as transportation, sports & entertainment, and others.
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