Smart Ticketing Market 2022 Strategic Assessments - Cubic Corporation, Infineon Technologies, Conduent Inc, Vix Technology, Rambus Incorporated

The Smart Ticketing Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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

Regional Outlook of Smart Ticketing Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Smart Ticketing Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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