Press release
Smart Ticketing Market Growth Trends Are Predicted to Create Vast Opportunities for the Key Players, Strategies Forecast Till 2021-2026
Market Insights Reports released a new study on 2021-2026 Smart Ticketing Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.The Global Smart Ticketing Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the Smart Ticketing market and its market dynamics for the period 2021-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The global smart ticketing market was valued at USD 12.36 billion in 2020, and it is expected to reach USD 25.33 billion by 2026, registering a CAGR of 12.9%, during the period of 2021-2026.
Top Key Players in the Global Smart Ticketing Market: Cubic Corporation, Infineon Technologies, Conduent Inc, Vix Technology, Rambus Incorporated ( Visa Inc.), Hid Global, Gemalto Nv ( Thales Group), Giesecke+Devrient, Indra Sistemas, Confidex Ltd., NEC Electronics (NEC Corporation), Paragon ID ( Paragon Group Limited), Softjourn, Inc.
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Industry News and Updates:
- October 2020 - The company announced that its ATLAS Ops fare collection system has achieved Visa Ready for Transit certification. Conduents ATLAS Open Media back-office module and its VPE 430 smartcard ticket validator device have been certified by the international Visa Ready for Transit program, which recognizes ready-to-deploy solutions that simplify payments for public transportation services and reduce the need for traditional tickets or smartcards.
- September 2020 - The Swiss company Winwatch integrated tiny security chips from Infineon Technologies AG almost invisibly into its patented sapphire crystal STISS. The Infineon Technologies AG chip enables fast and secured payment transactions by radio frequency within milliseconds.
- Regional governments are even reaching new milestones in terms of the usage of smart tickets. For instance, according to the Rail Delivery Group (RDG), a British rail industry membership body, more train journeys were made with smart tickets, with the number reaching 65 million. Compared to a four-week period from August to September 2019, with the same period in 2018, about 8.4 million more journeys were made with a smart ticket. The RDG data also reveals that passengers chose smart tickets for 50% of all journeys, which significantly increased from 37% a year ago.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Europe Holds the Largest Market Share
- Europe is the home of the leading smart ticketing solution vendors in Europe, such as Infineon Technologies, Gemalto, and Giesecke+Devrient (Germany), which are also increasing their presence in this market by offering integrated payment solutions through partnerships with smart ticket developers and operators.
- The demand for smart ticketing in Germany is driven by the growing tourism industry, simplified technology ecosystem, and the need to innovate more potential ticketing systems across urban areas. The leading payment solution vendors in the region are also increasing their presence in this market by offering integrated payment solutions through partnerships with smart ticket developers and operators.
- With more than 4 billion trips yearly, Paris Region is one of the largest transit networks worldwide, offering its travelers the benefits of contactless mobile ticketing - compatible with existing contactless readers based on Calypso open transit standard. Firms, like Wizway solutions, as enabled contactless mobile ticketing for several key transit authorities and operators.
Significant Features and Key Highlights of the Reports:
– Detailed overview of Smart Ticketing Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Smart Ticketing Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Smart Ticketing market?
- What are the key concerns of the five forces analysis of the Global Smart Ticketing market?
- What are different prospects and threats faced by the dealers in the Global Smart Ticketing market?
- What are the strengths and weaknesses of the key vendors?
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Browse Complete Report details with Table of Content:
https://www.marketinsightsreports.com/reports/05202906564/smart-ticketing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?mode=69
We Also Offer Customization on report based on specific client Requirement:
-Free country Level analysis for any 5 countries of your choice.
-Free Competitive analysis of any 5 key market players.
-Free 40 analyst hours to cover any other data point.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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