openPR Logo
Press release

Smart Ticketing Industry Estimated to Reach USD 24.5 Billion Globally By 2030 | CAGR of 14.80%

Smart Ticketing Industry

Smart Ticketing Industry

Market Overview:

The size of the worldwide Smart Ticketing Market is projected to reach USD 24.5 Billion by the year 2030, achieving a CAGR of 14.80% along the way. Using a microchip embedded in a smart card, smart ticketing allows for the electronic storage of a valid travel voucher. These smartcards allow riders to immediately bypass the ticket booth and board buses, trains, trams, and metros. This technique eliminates the need for passengers to keep track of any paperwork, making it much more convenient for them to use.

Request a sample of this research report @ https://www.marketresearchfuture.com/sample_request/3273

List of Key Companies:

NXP Semiconductors (US)
Confidex Ltd. (Finland)
Giesecke & Devrient Gmbh (Germany)
ASK (France)
Infineon Technologies AG (Germany)
HID (US)
Cubic Corporation (US)
Gemalto NV (Netherlands)
Xerox Corporation (US)
Inside Secure (France)
Smart Card IT Solutions (India)
Paragon ID (France)
CGI Group (Canada)
Indra Sistemas (Spain)
Scheidt & Bachmann (Germany)

Smart card use has increased as cashless transactions have become more common in many nations. The increasing acceptance of blockchain technology in the smart ticketing sector is also anticipated to fuel market expansion. These alternatives save money in the long run compared to traditional paper tickets. Customers do not need to wait in line for very long to buy tickets. A simple touch of a smart card on a reader at the entrance may provide access or restrict movement.
The spread of COVID-19 has stifled the development of the electronic ticketing industry.
Across the world, governments instituted mandatory lockdowns and social isolation policies. It was for this reason that is going anywhere was severely forbidden. Everything was closed, including the restaurants and the bars. Numerous major fairs and sporting events were called off as a result. There was nowhere to go since businesses, and educational institutions had shut down. As a result, tourism took a major hit. However, after the pandemic, it is anticipated that this industry may see significant expansion.

Browse Full Report: https://www.marketresearchfuture.com/reports/smart-ticketing-market-3273

Market Segmentation:

The global smart ticketing market is divided into four main submarkets. You may classify them in four ways: based on the kind of component, the type of application, the type of system, the type of product, and regions.

The market has been divided into three major categories: hardware, software, and service. Over the projected time frame, the software industry is anticipated to expand significantly. Smart card software is often used to manage the lifetime and applications of smart cards and other forms of smart media. In addition to automating the work of customer care representatives, this software facilitates the speedy resolution of consumer difficulties.

Regional Classification:

Asia-Pacific is expected to expand faster throughout the projection period than any other region. These nations invest heavily in creating smart cities due to their rapid economic development, population expansion, and urbanization. Investments are flowing into APAC nations, new technologies are being developed, and novel approaches are being developed to old problems. The smart ticketing industry in the area is growing due to these advances. Automated fee-collecting technologies, such as smart cards and NFC-enabled gadgets, are being developed to improve transit efficiency and attract more customers by making rides more convenient for people.

Check Discount: https://www.marketresearchfuture.com/check-discount/3273

Industry News:

Scheidt & Bachmann and Pyramid Computer, a major retail and hotel IT solutions provider, formed a partnership in February 2021 to advertise self-checkout options for convenience store gas stations. Scheidt & Bachmann used Pyramid Computer's self-checkout technology to create their intelligent checkout system called SIQMA Smoove. The collaboration allowed the firm to create cutting-edge SIQMA software focused on user experience.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Ticketing Industry Estimated to Reach USD 24.5 Billion Globally By 2030 | CAGR of 14.80% here

News-ID: 2763676 • Views: 2172

More Releases from Market Research Future (MRFR)

Personal Computer as a Service (PCaaS) Market Projected to Hit USD 2.14 Billion …
Market overview: The market of technology is improving day by day. The use of the internet for every purpose has become necessary recently. The use of physical devices increased in recent times because of the continuous need for technology in hand. Recently, every person is buying a PC or advancing it to the newer version to increase the personal computer technology, which helped the market grow. The improved attention towards the
Virtual Reality Market Projected to Hit USD 35.75 Billion at a 31.53% CAGR by 20 …
The Virtual Reality Market Over recent years virtual Skill made very significant studies. The computer-generated reality market is driving along with the rising of the one for head-mounted displays in the gaming as well as the entertainment industry. It is fortunate so when it is about the Healthcare sector in Virtual Reality it may deal with a lot of capabilities that can easily treat everything from pain to phobias and
Ultra-WideBand Projected to Hit USD 4,820.39 Million at a 21.6% CAGR by 2030 - R …
Market Overview: Ultra-Wideband is a radio advancement that can use a short energy level for short reach and high information transmission correspondences over a significant radio reach. Super Wide Band has traditional applications in non-pleasing radar imaging. Super Wide Band markets are high data rates, simplicity, and low power. Current applications target sensor data variety, precision finding, and following applications. The Ultra-Wide Band passes on that it doesn't limit with conservative narrowband
Narrowband-IoT Market to Reach USD 207.82 Billion, With a CAGR of 69.2% CAGR by …
Market Overview: The market trends suggest that the Narrowband- Iot Market Size will grow at 69.2% CAGR during the forecast 2030. The Narrowband - Internet of Things (IoT) Market is otherwise called the LTE Cat NB1. A low force-wide territory network innovation (LPWA) standard associates a broad scope of gadgets and administrations setting up cell organization. NB-IoT is an appropriate option for applications that manage a modest quantity of rare information

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as