openPR Logo
Press release

The Smart Ticketing Market is Anticipated to Expand at a 15.2% CAGR Between 2022 and 2026

02-06-2023 04:13 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Smart Ticketing Market

Smart Ticketing Market

According to Persistence Industry Research (PMR), the global smart ticketing market will be worth roughly $25.33 billion by 2026. According to the analysis, between 2022 and 2026, the global smart ticketing market is expected to grow at a CAGR of 15.2%.

The market is expanding as more smart technologies are used and smart tickets are used more frequently to replace paper tickets. By removing the need for ticket lines, smart tickets save travellers time. With apps for smart cards and smartphones, technology has advanced dramatically over the past several years and is now a fantastic substitute for paper tickets.

Another factor expected to fuel the growth of the smart ticket market in the near future is the ease of accessibility offered by smart tickets. Contactless payment has become the norm since the COVID-19 pandemic. The growing acceptance of smarter payments has made safe and easy travel possible for everyone, and this will continue in the near future, thus increasing the demand for smart tickets.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/19954

Europe holds the largest market share

A leading provider of smart ticketing solutions is based in Europe and is expanding its presence in this market by providing integrated payment solutions through partnerships with smart ticket producers and operators. The emerging tourism sector, simplified digital ecosystems and the need to design more potential ticketing systems across metropolitan areas are driving the demand for smart ticketing in Europe.

Advances in smart ticketing technology have enabled businesses in Europe to use technologies such as RFID, NFC, QR codes and barcodes. The advent of smartphones equipped with NFC technology has created the necessary infrastructure for smart ticketing across regions. Therefore, Europe is expected to hold the largest market share during the forecast period.

Competitive landscape

The smart ticketing industry is highly concentrated and more global companies are expected to enter this market as government initiatives in this sector are expected to expand. Product launches, high spending on R&D, partnerships, and acquisitions are key growth methods that organizations use to maintain a competitive edge.

French public transport operator Keolis chose Paragon ID to implement a Tap and Pay solution across its bus networks in Menton and the French Riviera. The system was tested in August 2021 and 70,000 people in the area were able to use the function with contactless bank cards. The system uses Paragon ID's P One validator to conveniently pay for bus tickets.

Cubic Transportation Systems (CTS), part of Cubic Corporation, announced in May 2021 that the Chicago Transit Authority (CTA) and Pace Suburban Bus (Pace) have introduced a virtual Ventra card to enhance the consumer payment experience for Tap and Pair.

This virtual card can be used with Google Pay for Android smartphone users in the Chicagoland area, which can be used for contactless fare payments on Pace buses, CTA trains and buses.

Infineon Technologies has launched a 40nm SLC36/SLC37 security controller system featuring a high-performance 32-bit ARM SecurCore SC300 dual interface security processor in February 2021. These cryptographic controller systems provide increased performance and flexibility for contactless payment, ticketing and access applications.

Buy Now Report @ https://www.persistencemarketresearch.com/checkout/19954

Company

Xerox Corporation
Cubic Corporation
Gemalto Nevada
Rambus
Confidex Co., Ltd.
NXP Semiconductor
Smart Ticketing Market Segmentation

Smart ticketing market provided

Smart Card
Wearable
Reader
Other

Smart Ticketing Market by Application

Transportation
Sports & Entertainment
Medical
Parking
Other

Smart Ticketing Market by Application

North America
Latin America
Europe
Japan
Asia Pacific
Middle East & Africa (MEA)

Request TOC @ https://www.persistencemarketresearch.com/market-research/smart-ticketing-market/toc

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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 The Smart Ticketing Market is Anticipated to Expand at a 15.2% CAGR Between 2022 and 2026 here

News-ID: 2914174 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

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
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
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
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency