Smart Ticketing Market Survey Report 2020 Along with Statistics, Forecasts till 2026

Oct 19, 2021 (Market Insight Reports) --Global Smart Ticketing Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global Smart Ticketing market. This report provides a detailed overview of key factors in the Smart Ticketing Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Smart Ticketing in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

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.

Some of the key players profiled in the study are:
HID, Gemalto NV, NXP Semiconductors, CPI Card Group, Cubic, Xerox, and Others.

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Key Market Trends

Wearables Occupies the Significant Share

- Smart cards' growth for smart ticketing systems, coupled with the growth prospects from multiple applications, increases the demand for other ticketing systems, such as contactless methods through smartphones and the latest devices, smart wearables.
- Smart wearable manufacturers, including Samsung, have enabled payment through their smartwatches. Most device manufacturers are making the payments work through their mobile wallet payment-enabled services, such as Apple Pay, Samsung Pay, Garmin Pay, Fitbit Pay, and GooglePay. Although the payments through smartwatches are still in their initial stages, they show a lot of potentials. Such advancements are expected to enable travelers to purchase tickets through their wearable devices.
- For instance, in September 2020, the watch brand Titan partnered with State Bank of India (SBI) to launch of a range of watches equipped with Canada-based Tappy Tech’s wearable payments technology to let consumers make contactless transactions at POS terminals across India, eliminating the need of swiping or inserting their SBI bank card.
- Similarly, companies, like Watchdata Technologies, offer a wide range of products catering to the smart ticketing system, including smart mobile terminal, smart wearable device, contact, and contactless EMV, UICC, e-ID and transportation smartcards, online security tokens, card readers and electronic toll collection (ETC) devices. The end-to-end solutions include secure hardware, operating systems, software applications, and services such as personalization and remote lifecycle management.

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.
- Technological advancements in smart ticketing have propelled businesses to adopt technologies, such as RFID, NFC, QR code, and barcode in Germany. The rise of smartphones equipped with NFC technology has introduced the necessary infrastructure for smart ticketing across the industries in the region. RFID technology is extensively used in smart cards due to its cost-effectiveness, and it is commonly accepted in entertainment, sports, and transport, among other industries.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Read Detailed Index of full Research Study at@ 

https://marketinsightsreports.com/reports/05202906564/smart-ticketing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A19

Recent Developments-
- October 2020 - The company announced that its ATLAS Ops fare collection system has achieved Visa Ready for Transit certification. Conduent’s 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.

Influence of the Smart Ticketing Market report:

–Comprehensive assessment of all opportunities and risk in the Smart Ticketing Market.
–Smart Ticketing Market recent innovations and major events.
–Detailed study of business strategies for growth of the Smart Ticketing Market market-leading players.
–Conclusive study about the growth plot of Smart Ticketing Market for forthcoming years.
–In-depth understanding of Smart Ticketing Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Smart Ticketing Market.

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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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