Smart Ticketing Market 2021 Booming Across the Globe by Application, Component, Size, Region and Key Vendors- ACT (England), Atsuke (France), Cammax (England), Conduent (US), Confidex (Finland)

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The global smart ticketing market size is projected to grow from USD 7.2 billion in 2020 to USD 16.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026

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This research study outlines the market potential, market dynamics, and major vendors operating in the smart ticketing market. Key and innovative vendors in the smart ticketing market include:

ACT (England), Atsuke (France), Cammax (England), Conduent (US), Confidex (Finland), Corethree (England), Cubic (US), Flowbird Group (France), Giesecke+Devrient (Germany), HID Global (US), Hitachi Rail (Italy), IDEMIA (France), Indra (Spain), Infineon Technologies (Germany), INIT (Germany), LIT Transit (Slovenia), Masabi (England), NXP Semiconductors (Netherland), PayiQ (Finland), Scheidt & Bachmann (Germany), SecuTix (Switzerland), Siemens (Germany), Thales (France), Ticketer (England), and Xerox (US).

Based on application, the parking and transportation segment is expected to hold a larger market share during the forecast period

The parking and transportation segment is projected to account for a larger market share from 2020 to 2026. The mobility requirements of the public are growing. Therefore, there is demand for the intelligent networking of mobility platforms that contribute toward reducing traffic congestion and improving efficiencies during peak times and to support better travel experiences. The smart ticketing systems enable passengers to load tickets or credit before their travel, thereby speeding up boarding times and reducing queues. Airports, shopping centers, and hospitals are building large parking spaces. To increase parking capacities, digital platforms for parking management are deployed. The digitization of the parking industry is turning vehicle license plate numbers into parking tickets.

Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs segment is expected to grow at the highest CAGR during the forecast period as these organizations are focused on the deployment of smart ticketing solutions to improve competitiveness, reduce operating costs, and increase their revenue. With advancements in ticketing technologies and intense competition among vendors, the cost of automating the ticketing system is declining. This, in turn, would enable SMEs to adopt smart ticketing solutions and services in the near future. Governments are partnering with SMEs with a view to promoting the use of smart technology solutions in specific industries, such as transportation in Denmark and tourism in New Zealand.

Asia Pacific (APAC) region to record the highest growth in the smart ticketing market

APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of emerging economies such as China, India, Indonesia, Malaysia, and Thailand. These countries are focusing on building smart cities due to strong economic growth, the rise in population, and rapid urbanization. APAC countries are also attracting investments, promoting new technologies, and developing innovative solutions to improve the quality of life. There is an emphasis on the development of advanced and interoperable automated fare collection systems, such as smart cards and NFC-enabled devices, to increase both the efficiency of transport systems and ridership by giving commuters a smooth travel experience. Developed countries such as Japan and Singapore are focusing on technology-enabled transport systems by making heavy technology investments.

By Company Type: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
By Designation: C-level – 40%, Directors – 40%, and Others – 20%
By Region: North America – 40%, Europe – 30%, APAC – 20%, and Rest of the World (RoW)– 10%

Research coverage

The market study covers the smart ticketing market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on components (hardware, software, and services), application, organization size, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

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Key benefits of buying the report

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart ticketing market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Table Of Contents

1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting The Global Economy
Figure 5 Scenarios In Terms Of Recovery Of The Global Economy
1.4 Objectives Of The Study
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered For The Study
1.7 Currency Considered
Table 1 United States Dollar Exchange Rate, 2018–2020
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 6 Smart Ticketing Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primaries
Table 2 Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
Figure 7 Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
Figure 8 Market Size Estimation: Top-Down Approach - Supply-Side Analysis
2.3.2 Bottom-Up Approach
Figure 9 Market Size Estimation: Bottom-Up Approach - Supply-Side Analysis (1/2)
Figure 10 Market Size Estimation: Bottom-Up Approach - Supply-Side Analysis (2/2)
2.4 Market Forecast
Table 3 Factor Analysis
2.5 Assumptions For The Study
2.6 Limitations Of The Study

3 Executive Summary
Figure 11 Smart Ticketing Market, 2016–2026
Figure 12 Top Leading Segments In The Market In 2020
Figure 13 Market, Regional And Country-Wise Shares, 2020

4 Premium Insights
4.1 Attractive Opportunities In The Smart Ticketing Market
Figure 14 Rising Adoption Of The Iot-Enabled Automation System To Drive The Market Growth
4.2 Market, By Component
Figure 15 Hardware Segment Led The Market Growth In 2020
4.3 Market, By Service
Figure 16 Implementation Segment To Hold The Largest Market Share During The Forecast Period
4.4 Market, By Application
Figure 17 Parking And Transportation Segment To Lead The Market Growth During 2020–2026
4.5 Market, By Organization Size
Figure 18 Large Enterprises Segment To Lead The Market Growth During 2020–2026
4.6 Market, By Region
Figure 19 Asia Pacific To Grow At The Fastest Growth Rate During The Forecast Period
4.7 Market, By Country
Figure 20 China And Japan To Account For High Growth During The Forecast Period

5 Market Overview And Market Trends
5.1 Introduction
5.2 Market Dynamics
Figure 21 Drivers, Restraints, Opportunities, And Challenges: Smart Ticketing Market
5.2.1 Drivers
5.2.1.1 Affordable Access To Rapid Transit With The Help Of Smart Transit Systems
5.2.1.2 Huge Demand For Smart Ticketing From Sports, Entertainment, And Tourism Industries
Figure 22 Increasing Number Of International Tourist Arrivals
5.2.1.3 Advanced Technologies In Smart Ticketing Systems
5.2.1.4 Rising Adoption Of Contactless Payments
Figure 23 Preference For Contactless Payments Around The World Before The Covid-19 Pandemic, 2020
5.2.1.5 Upsurge In The Intelligent Transportation Market
5.2.1.6 Growing Adoption Of Wearable Technologies
Figure 24 Wearable Payment Transaction Volume, 2019
5.2.2 Restraints
5.2.2.1 High Setup Costs For Smart Ticketing Systems
5.2.2.2 Centralized Framework Of Smart Ticketing Systems
5.2.3 Opportunities
5.2.3.1 Use Of Blockchain To Boost The Smart Ticketing Industry
5.2.4 Challenges
5.2.4.1 Data Safety And Security Issues
5.2.4.2 Designing An Open Architecture
5.3 Case Study Analysis
Table 4 Use Case 1: Metropolitan Transportation Authority, New York, Implemented Cubic Corporation’s Solution To Make Commuting Experience More Intuitive And Seamless
Table 5 Case Study 2: Greater Anglia Implemented Scheidt & Bachmann’s Solution To Provide Better Customer Service During Ticket Purchases
Table 6 Use Case 3: The Danish Ministry Of Transport Implemented Thales’ Solution To Unify The Ticketing System For Better Passenger Convenience
5.4 Disruptive Technologies
5.4.1 Near-Field Communications
5.4.2 Qr Code
5.4.3 Wearables
5.5 Trade Analysis
Table 7 Import Data Of Cards Incorporating One Or More Electronic-Integrated Circuits, ‘Smart Cards, ‘ By Country, 2015– 2019 (Usd Million)
Table 8 Export Data Of Cards Incorporating One Or More Electronic-Integrated Circuits, ‘Smart Cards, ‘ By Country, 2015– 2019 (Usd Million)
5.6 Value Chain Analysis
Figure 25 Smart Ticketing Market: Value Chain Analysis
5.7 Ecosystem
Table 9 Market: Ecosystem
5.8 Porter’s Five Forces Model
Table 10 Impact Of Each Force On The Market
5.8.1 Threat Of New Entrants
5.8.2 Threat Of Substitutes
5.8.3 Bargaining Power Of Buyers
5.8.4 Bargaining Power Of Suppliers
5.8.5 Competitive Rivalry
5.9 Patent Analysis
Figure 26 Top 10 Companies With The Highest Number Of Patent Applications
Table 11 Top 20 Patent Owners (Us)
Figure 27 Number Of Patents Granted In A Year Over The Last Ten Years
5.10 Average Selling Price Trend
Table 12 Average Selling Price Range Of Nfc Products
5.11 Covid-19 Market Outlook For Smart Ticketing Market
Table 13 Market: Analysis Of Drivers And Opportunities In The Covid-19 Era
Table 14 Smart Ticketing Solutions: Analysis Of Challenges And Restraints In The Covid-19 Era
5.11.1 Cumulative Growth Analysis
Table 15 Market: Cumulative Growth Analysis

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