openPR Logo
Press release

Transit Ticketing Market Progress Rapidly Due to increasing need for efficient and convenient transportation - Rambus Incorporated, Infineon Technologies AG, AEP Ticketing Solutions

07-06-2023 03:59 PM CET | Media & Telecommunications

Press release from: Global Insight Services

Transit Ticketing Market Progress Rapidly Due to increasing

New York, Global Transit Ticketing Market report from Global Insight Services is the single authoritative source of intelligence on Transit Ticketing Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS24080

Transit ticketing is a system used to collect fares from passengers using public transportation. The fare is usually calculated based on the distance traveled, but can also be based on time or zone. There are many different types of transit ticketing systems, but all share the common goal of collecting fares and managing passenger flow.

Transit ticketing systems can be used to collect fares from passengers using a variety of transportation modes, including buses, trains, and subways. The most common type of transit ticketing is based on the distance traveled, with fares calculated according to the length of the journey. This type of system is used by many public transportation systems around the world, including in Europe and North America.

Key Trends

There are a few key trends in transit ticketing technology that are worth mentioning.

The first is the move towards open payment systems. This means that instead of using proprietary tickets or cards, transit agencies are beginning to accept payment via credit and debit cards, as well as mobile payment apps like Apple Pay and Google Pay.

Another trend is the use of smart cards. These are cards with an embedded chip that can store information about the rider, such as fare balance and travel history.

Finally, there is a trend towards mobile ticketing. This allows riders to purchase and store tickets on their smartphone. They can then use the phone to scan a QR code or NFC tag when boarding a bus or train.

Read more about Transit Ticketing Market here: https://www.globalinsightservices.com/reports/transit-ticketing-market/

Market Segments

The transit ticketing market is segmented by component, system, application, and region. By component, the market is classified into ticket machines, e- kiosks, e-tickets, and others. Based on the system, it is bifurcated into smart card, and smartphone. On the basis of application, it is divided into railways, buses, metros, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global transit ticketing market includes players such as Rambus Incorporated, Infineon Technologies AG, AEP Ticketing Solutions, Gemalto NV, NXP Semiconductors, HID, CPI Card Group Inc., Cubic Corp., Xerox Corp., and others.

Get Customized Report as Per Your Requirement:https://www.globalinsightservices.com/request-customization/GIS24080/

Key Drivers

The transit ticketing market is driven by several factors, including the increasing need for efficient and convenient transportation, the growing popularity of smart cards and mobile ticketing, and the increasing investment in public transportation infrastructure.

The need for efficient and convenient transportation is driven by the growing population and increasing urbanization. With the growing population, the demand for public transportation is also increasing.

The popularity of smart cards and mobile ticketing is another driver of the transit ticketing market. Smart cards and mobile ticketing offer a more convenient and efficient way to pay for transit, and they are becoming increasingly popular among riders.

The increasing investment in public transportation infrastructure is also a driver of the transit ticketing market.

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS24080

With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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 Transit Ticketing Market Progress Rapidly Due to increasing need for efficient and convenient transportation - Rambus Incorporated, Infineon Technologies AG, AEP Ticketing Solutions here

News-ID: 3117043 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for Transit

Automated Guideway Transit (AGT) Market Size Analysis by Application, Type, and …
USA, New Jersey- According to Market Research Intellect, the global Automated Guideway Transit (AGT) market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The market for Automated Guideway Transit (AGT) is expanding rapidly due to rising urbanisation and the demand for sustainable, effective public transportation options.
Rail and Transit Consulting Service Market 2021: Growth opportunities, Drivers, …
Rail and Transit Consulting Service Market 2021: Global Business Growth, Demand, Trends, Forecasts till 2027 A report was released recently that sheds lots of light on the Rail and Transit Consulting Service Industry. The report covers an overview of the industry along with a detailed explanation that provides a lot of insight. The report also analyzes the production as well as management technology in various end-user industries. An in-depth study
Global Public Transport Market 2020 -2028| MTR Corporation, Bay Area Rapid Trans …
Global Public Transport Market value is projected to register +8% CAGR during the forecast period 2020-2028. Public transport is also known as public transportation, public transit, or mass transit. It is a system of transport in contrast to private transport, for passengers by group travel systems available for use by the general public, typically managed on a schedule, operated on established routes, and that charge a posted. Request a Sample Copy of
Global Transit and Ground Passenger Transportation Market 2019-2025| Size, Share …
Transit and Ground Passenger Transportation Market 2019 Industry Research Report includes companies offering passenger transportation services, such as urban transit systems, taxis, and chartered bus, school bus, and interurban bus transportation. This industry includes both government and private operated transportation systems. These services are split into scheduled and nonscheduled transportation services, which are differentiated depending on production process factors such as vehicle types, routes, and schedules. Get Sample Copy of this
Global Transit Cards Market Research Report
This report studies the global Transit Cards market status and forecast, categorizes the global Transit Cards market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. The global Transit Cards market is valued at xx million US$ in 2017 and is expected to reach xx million US$ by the
Young newlyweds overcame homelessness using public transit
Three years ago Corey and Maryrose Boggs were homeless and living on the streets in San Bernardino County. Omnitrans, the public bus agency, played a key role in their journey to self-sufficiency. Corey was 19 and Maryrose was 18 when they met on the Internet and fell in love. However, there were major complications to overcome. Corey was living in Chicago and had recently lost his job. His plan