Press release
Global Smart Ticketing Market, Size, Share, Analysis Report & Forecast to 2026
The global smart ticketing market is projected to grow at a modest CAGR of nearly 13.0% during the forecast period (2021-2027). The primary factor driving the market growth include the growing digitization and urbanization in emerging economies. Further, the growing adoption of smart ticketing systems in the travel and tourism industry is contributing to the growth of the market. Apart from these, the emerging shift towards contactless payments is further encouraging companies to invest in the sector. For an instance, in March 2021, Giesecke+Devrient (G+D) collaborated with IDEMIA and NXP Semiconductors. Together, the companies introduced the White Label Alliance (WLA) which respond to the increasing global demand for next-generation, discrete payment solutions for domestic and private-label payment brands.Free Sample Copy @ https://www.omrglobal.com/request-sample/smart-ticketing-market
The global smart ticketing market is segmented based on component and application. Based on component, the market is segmented into hardware, software, and services. Among the component, the software segment is expected to have a considerable share in the market during the forecast period. The attributable factor for the growth of the segment is the growing digitization in ticketing services for enhancing the travel experience of passengers. The software allows people to book their tickets automatically. In addition, it allows a passenger to book a ride with a simple way from his home to his desired destination and at the desired time with a range in types of buses and tickets prices. Based on application, the market is segmented into parking & transportation and sports & entertainment. Among the application segment, the parking and transportation segment is expected to hold a lucrative share in the market during the forecast period.
A Full Report of Global Smart Ticketing Market is Available at:
https://www.omrglobal.com/industry-reports/smart-ticketing-market
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share during the forecast period. The regional growth of the market is accredited to the growing urbanization and rising focus on digitalization across each sector in the region. Government initiatives towards demonetization and forcing cashless transactions are propelling the growth of the market. For instance, the Indian government launched digital India in July 2015, to convert India into a cashless society. In 2020, North America held a major market position in the global smart ticketing market. The well-developed infrastructure and growing investments in automotive and transportation are some of the key factors driving the growth of the regional market. In 2020, Europe is the second-largest market owing to the early adoption of advanced technology in the region.
Global Smart Ticketing Market – Segmentation
by Component
Hardware
Software
by Application
Parking & Transportation
Railways
Roadways
Airways
Sports & Entertainment
Global Smart Ticketing Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Assa Abloy AB
Atsuke
Conduent, Inc. and Flowbird
Confidex Ltd.
Giesecke & Devrient GmbH
Hitachi, Ltd.
IDEMIA SAS (Advent International, Inc.)
Scheidt & Bachmann GmbH
Siemens AG
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-ticketing-market
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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