Press release
Smart Ticketing Market in North America Market Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2031
The North America Smart Ticketing Market was valued at US$ 2,248.30 million in 2023 and is expected to reach US$ 5,558.26 million by 2031; it is estimated to record a CAGR of 12.0% from 2023 to 2031.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00031101?utm_source=OpenPr&utm_medium=10640
Modern cities offer a variety of transportation options, such as buses, trains, and metros. Each public transportation system has its own ticketing system. Managing multiple smart cards or applications for different modes of transportation might be overwhelming for commuters. A centralized method is necessary to combine all transportation networks. In this direction, the public transport infrastructure across the world is being upgraded. The upgrades also aim at improving the commuter experience via a seamless payment interface.
Analysis of the Top Market Players:
1. Infineon Technologies AG.
2. NXP Semiconductors NV.
3. Xerox Holdings Corp.
4. Cubic Corp.
5. IDEMIA France SAS.
6. Thales SA.
7. Confidex.
8. HID Global Corp.
9. Siemens Energy AG.
In this report, the market has been segmented on the basis of:
Component (Hardware, Software, and Services)
Payment System (Open Payment System, Smart Card, and NFC)
End User (Transportation, Sport and Entertainment, Parking, and Others)
Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.businessmarketinsights.com/reports/north-america-smart-ticketing-market
For instance, in 2024, Indra was awarded a US$ 16 million contract to renovate the ticket vending machines for Bi-State Development, the interstate public agency that runs the public transportation services in the St. Louis metropolitan area, and MetroLink, the US light rail network in Missouri and Illinois. The contract covers the design, production, and delivery of brand-new, cutting-edge vending machines for the 38 St. Louis Metro network stations. These machines will replace the ones that are currently in use and were previously delivered by Indra between 2006 and 2012. Indra will also be in charge of maintaining the machines and putting in place a cloud-based management system to track and manage them. As cities evolve into smart, connected, and digital-first environments, digital payments for public transportation services will remain at the forefront of the agenda, thereby driving the smart ticketing market growth.
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