Press release
Smart Ticketing Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The Smart Ticketing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Smart Ticketing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Smart Ticketing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Ticketing 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.
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Top Leading Companies of Smart Ticketing Market are - 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. and others.
Industry News and Updates:
- 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.
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Ticketing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Ticketing Market (%),2016 - 2026
- Smart Ticketing Market Share, By Brand
- Smart Ticketing Market Share, By Company
- Smart Ticketing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Ticketing Market Value Analysis & Forecast
- Promising Smart Ticketing Development by Major Companies
- Detailed Smart Ticketing Portfolio of the Major Companies
- Major Deals in the Smart Ticketing Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592859/smart-ticketing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports 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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