Smart Ticketing Market to significantly rise During 2020-2024 Owing to Growing Application Across End-use Industries| Infineon Technologies Ag, Confidex, Gemalto Nv, Cubic Co

The Smart Ticketing market 2020 research report is a detailed view of market opportunity by end-user segments, product Type segments, sales channels, key countries. It also provides market credentials such as history, various development and trends, market overview, regional markets and also market competitors. The report estimates the performance of the key players by 2024 .

Global Smart Ticketing Market Overview:

The report provides actionable insights to improve source-to-contract cycle performance in the Global Smart Ticketing Market .With the slowdown in world economic growth, the Smart Ticketing industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Smart Ticketing market size to maintain the average annual growth rate of 0.0471397589819 from 5560.0 million $ in 2015 to 7000.0 million $ in 2019, analysts believe that in the next few years, Smart Ticketing market size will be further expanded, we expect that by 2024, The market size of the Smart Ticketing will reach 10220.0 million $.

The smart ticketing system is a system which enables storing tickets electronically in a microchip. The microchip is embedded on a pepper card and this is known as a smart card. Some of the key advantages of using smart ticking system include safety from fraud, providing passengers with credit or pre loaded ride travels in case of an advance travel, help is reduction or eliminating long queue. Further smart ticketing system enables the operators and sellers to provide there personalized or customized tickets which suit the requirement of a wide range of individuals and cater to their customized requirements. The smart ticketing system is most widely adopted in the transportation sector.

Some of the key factors driving the smart ticket market include successful application of a wide range of smart technology. Rising application in tourism and travel industry and applications of systems which are user friendly which could be accessed and easily used by people from all age group is further driving the smart ticketing market growth. Globe are adopting demonetization policies and encouraging cashless transactions. This is a key opportunity for the smart ticking market to grow over the near future.

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The smart ticketing market execution is not only limited to the transport industry, but also gains popularity in sports, entertainment, BFSI, and healthcare. Rise in demand for the transparency keys through which transportation, entertainment, and sports business players are digitizing their current billing systems drive the market progress. 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. However, smart card feature high transaction time as associated to paper ticket and difficulty in organizing and managing the whole system restrains the fast improvement of the market.

Segmentations

The global smart ticketing market is the expert and precise study of various business perceptions such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Key Market Players Segmentation

Gemalto Nv

Cubic Corporation

Infineon Technologies Ag

Nxp Semiconductors..... and more

Product Type Segmentation

Smart Card

Open Payment System

Near-Field Communication System

Industry Segmentation

Railways And Metros

Sports And Entertainment

Airlines

Buses

Regional Segmentation

Geographically the smart ticketing market could be generally segmented into North America, Asia Pacific, Latin America, Europe and Middle East and Africa. Europe led the smart ticketing market. Most of the major players operating in the smart ticketing market are based in the region. Furthermore, there is high rate of adoption of the smart ticketing system in Germany, U.K. and Sweden. Further, Europe is estimated to dominate the smart ticketing market over the next few years.

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Global Industry News:

Infineon Technologies Ag

Safety in cars: Infineon's AURIX is the first embedded safety controller worldwide to be ASIL-D certified according to ISO 26262:2018

25 February, 2020 - Electro-mobility, advanced driver assistance systems, connected driving - the demand for functionally safe electrical and electronic systems in cars is increasing. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has now reached a significant milestone: Its second generation AURIX(TM) (TC3xx) microcontrollers are the first embedded safety controllers worldwide to be certified for the highest automotive safety integrity level (ASIL D) according to the latest version of the ISO 26262 standard. This standard describes a globally binding procedure for the development and production of safety-critical systems in cars. In December 2018, the current version of the standard replaced the original version from 2011. The certificate was issued by SGS TUEV Saar.

"This certification underpins our leadership in automotive safety," said Peter Schaefer, Vice President and General Manager Automotive Microcontrollers at Infineon. "We defined the safety architecture of our second generation AURIX microcontrollers before the new version of ISO 26262 was even available, and yet it fulfills all requirements for an ASIL D safety controller. We have achieved this through a holistic approach to safety that resulted in a sophisticated and robust architecture. Second generation AURIX microcontrollers thus provide the safety and trust necessary to make automated driving happen."

The AURIX family has always been successful in safety-relevant applications. Leading computing platforms for automated driving rely on AURIX as their safety host controller. This includes, for example, the Qualcomm Snapdragon Ride(TM) Platform from Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, which was introduced at the Consumer Electronics Show in Las Vegas earlier this year. 1 Furthermore, the microcontrollers are used in radar systems for processing sensor data, in engine and transmission control, brake, airbag and steering systems, central gateways, domain control units, hybrid and electric cars and many other applications.

In addition to the automotive sector, the product family is also increasingly used for other safety-critical applications, for example in commercial vehicles and robotics. Therefore, in the next step Infineon is planning certification according to IEC 61508. This is a cross-industry basic functional safety standard that serves as the foundation for application-specific standards.

Key Points

This research study inspects the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-complexity information regarding the development, trends, and industry policies and guidelines implemented in each of the geographical regions. Further, the overall directing framework of the market has been thoroughly covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

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Major Points in Table of Contents:

Section 1 Smart Ticketing Product Definition

Section 2 Global Smart Ticketing Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Smart Ticketing Shipments

2.2 Global Manufacturer Smart Ticketing Business Revenue

2.3 Global Smart Ticketing Market Overview

Section 3 Manufacturer Smart Ticketing Business Introduction

3.1 Gemalto Nv Smart Ticketing Business Introduction

3.1.1 Gemalto Nv Smart Ticketing Shipments, Price, Revenue and Gross profit 2014-2019

3.1.2 Gemalto Nv Smart Ticketing Business Distribution by Region

3.1.3 Gemalto Nv Interview Record

3.1.4 Gemalto Nv Smart Ticketing Business Profile

3.1.5 Gemalto Nv Smart Ticketing Product Specification

3.2 Cubic Corporation Smart Ticketing Business Introduction

3.2.1 Cubic Corporation Smart Ticketing Shipments, Price, Revenue and Gross profit 2014-2019

3.2.2 Cubic Corporation Smart Ticketing Business Distribution by Region

3.2.3 Interview Record

3.2.4 Cubic Corporation Smart Ticketing Business Overview

3.2.5 Cubic Corporation Smart Ticketing Product Specification

3.3 Infineon Technologies Ag Smart Ticketing Business Introduction

3.3.1 Infineon Technologies Ag Smart Ticketing Shipments, Price, Revenue and Gross profit 2014-2019

3.3.2 Infineon Technologies Ag Smart Ticketing Business Distribution by Region

3.3.3 Interview Record

3.3.4 Infineon Technologies Ag Smart Ticketing Business Overview

3.3.5 Infineon Technologies Ag Smart Ticketing Product Specification

3.4 Nxp Semiconductors Smart Ticketing Business Introduction

3.5 Xerox Corporation Smart Ticketing Business Introduction

3.6 Hid Global Corporation/Assa Abloy Ab. Smart Ticketing Business Introduction.................. Request free sample to get a complete Table of Content

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