Smart Ticketing Market Outlook With Is Expected To Grow US$ 10220 Million Till 2023 | Worldwide Top Key Vendors - Cubic Corporation, Gemalto NV, Infineon Technologies AG, Nxp Semiconductors, Xerox
Global Smart Ticketing Market Overview:
The Global Smart Ticketing Market Outlook with Is Expected to grow USD 10220 Million Till 2023.
As per the market report analysis, the Smart Ticketing is a system that electronically stores a travel ticket on a microchip which is then embedded on a smartcard. Smart Ticketing Market implementation is not only limited to the transport industry, but also gains popularity in sports, entertainment, BFSI, and healthcare. Growing demand for the transparency solutions through which transportation, entertainment and sports industry players are digitizing their existing billing systems fuel the market growth. The technologies such as QR code, NFC, RFID, barcode, local wireless ticketing, and open payment systems enable the smart ticketing companies to offer smart solutions across different industries, which provide diversified payment options to its customers.
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The Global Smart Ticketing Market is segmented on the basis of Component, Product, System, Application and Region. Based on the Component, the Global Smart Ticketing Market is classified into Software, HardwarePOS Terminal Equipment, Cards & Microchips and Card Reader. On the basis of Product, the Global Smart Ticketing Market is sub-segmented into Ticket Machine, E-Ticket, E-Kiosk, Smart Parking System, E-Toll, Request Tracker and others. On the basis of System, the Global Smart Ticketing Market is divided into Smart Card, Open Payment System, and Near Field Communication System. Based on the Application, the Global Smart Ticketing Market is sub-segmented into Railways & Metros, Sports & Entertainment, Airlines, Buses and others.
On the basis of regional analysis, North America is estimated to account for the largest share of the market, whereas APAC is projected to grow at the fastest rate during the forecast period. The major growth in smart ticketing market in North America is attributed to the technical advancements and increasing use of mobiles devices in that region.
Latest Industry News:
Cubic Corporation (April 15, 2019) - Cubic Awarded Contract from New Zealand Ministry of Defence to Deliver Command and Control Capabilities – Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission Solutions (CMS) business division was awarded a contract from the New Zealand Ministry of Defence to deliver Command and Control (C2) capabilities to support the Network Enabled Army (NEA) program’s Tactical Network (TNet) project. The NEA program is a transformational program to be delivered in four tranches over 12 years and will benefit the New Zealand Army’s Land Forces and Special Operations Forces.
Top Leading Key Manufacturers are: 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, Ask, Oberthur Technologies and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Smart Ticketing in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
Purchase this report online with 125 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Smart Ticketing Market Report 2019” @ https://www.businessindustryreports.com/buy-now/147130/single .
With the presence of a large pool of participants, the Global Smart Ticketing Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Gemalto NV, Cubic Corporation, Infineon Technologies AG, Nxp Semiconductors, Xerox Corporation, etc. are some of the key vendors of Smart Ticketing across the world. These players across Smart Ticketing Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
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