Press release
Strategic Collaborations Redefining The Smart Ticketing Landscape Industry Trends Gaining Momentum in the Global Smart Ticketing Market
Smart Ticketing Market Size
Smart Ticketing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the smart ticketing market has seen swift expansion. The market size is forecasted to grow from $17.19 billion in 2024 to $19.41 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. The significant growth observed in the past was owing to factors such as growth in population and urbanization, efforts towards improving travel experience, governmental push towards public transport, management of traffic and congestion, and heightened use of digital payments.
Smart Ticketing Market Size Forecast: What's the Projected Valuation by 2029?
In the foroming years, a swift expansion is predicted for the smart ticketing market size, with a projected worth of $34.97 billion in 2029 and a compound annual growth rate (CAGR) of 15.9%. The growth during the predicted period can be linked to the rising demand for contactless solutions, incorporation with mobility services, concentration on eco-friendly transportation, and data analytics for optimization. Notable trends anticipated during this forecast period encompass dynamic pricing models, merging with smart city initiatives, the use of biometric authentication for ticket access, emphasizing environmental sustainability in ticketing systems, and employing data analytics to glean user insights.
View the full report here:
https://www.thebusinessresearchcompany.com/report/smart-ticketing-global-market-report
What Are the Drivers Transforming the Smart Ticketing Market?
The recovery of the travel and tourism sector will play a crucial role in the expansion of the smart ticketing market. The tourism sector was among the hardest hit during the COVID-19 pandemic, significantly affecting all segments, including airlines and the hospitality industry. In efforts to counter COVID-19 effects, countries with economies heavily reliant on tourism are coming up with innovative solutions. Such measures include initiatives for boosting confidence like SG Clean and Qatar Clean, along with measures targeted at drawing in tourists like safe travel bubbles, pilot schemes, and providing incentives. By doing away with the need for cash transactions, smart ticketing helps shield passengers and drivers from potentially harmful infections. For example, the UN Tourism, a UN specialty body based in Spain that advocates for universally accessible tourism, reported in May 2023 that international arrival numbers hit 80% of what they were before the pandemic in Q1 2023. Around 235 million tourists traveled overseas in the first quarter, marking over a twofold increase compared to the same time frame in 2022. The resurgence of the travel and tourism industry will thus have a positive effect on the growth of the smart ticketing market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5846&type=smp
What Long-Term Trends Will Define the Future of the Smart Ticketing Market?
Leading firms in the smart ticketing market are leveraging strategic partnerships to solidify their standing in the market. Such collaborations improve smart ticketing by uniting payment providers, ticket developers, and transportation operators to offer more integrated solutions. For example, in June 2023, O-CITY, a top banking and payment institution based in Switzerland, and Indonesia-based Transportation service, Teknologi Karya Digital Nusa PT Tbk, partnered to introduce an Account-Based Ticketing Solution in Indonesia. This innovative ticketing system is set to revolutionize Indonesia's transportation infrastructure and allow PT TKDN to provide a broader spectrum of mobility-related services, including parking, toll-based road systems, mass public transport, and automated toll gates. Notably, PT TKDN aspires to make this state-of-the-art fare collection system accessible across the entire country, accelerating the nation's shift towards multi-provider essential city services.
Which Segments in the Smart Ticketing Market Offer the Most Profit Potential?
The smart ticketing market covered in this report is segmented -
1) By Product: Ticket Machine, E-Ticket, E-Kiosk, Request Tracker
2) By Component: Hardware, Software
3) By System: Open Payment System, Smart Card, Near-Field Communication
4) By Organization Size: SMEs, Large Enterprises
5) By Application: Railways, Airways, Roadways, Sports And Entertainment
Subsegments:
1) By Ticket Machine: Standalone Ticket Vending Machines, Multi-Functional Ticket Machines
2) By E-Ticket: Mobile E-Tickets, Web-Based E-Tickets
3) By E-Kiosk: Self-Service Kiosks, Interactive Kiosks
4) By Request Tracker: Online Request Tracking Systems, Mobile Request Tracking Apps
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5846&type=smp
Which Firms Dominate the Smart Ticketing Market by Market Share and Revenue in 2025?
Major companies operating in the smart ticketing market include Hitachi Ltd., Siemens Mobility GmbH, NEC Corporation, Thales Group S.A., Infineon Technologies AG, NXP Semiconductors N.V., Assa Abloy AB, Xerox Holdings Corporation, Indra Sistemas S.A., Conduent Incorporated, Gemalto N.V., Cubic Corporation, Giesecke+Devrient Group, HID Global Corporation, CPI Card Group Inc., Rambus Incorporated, Flowbird Group Ltd., INIT Innovations in Transportation Inc., Paragon Group Limited, Scheidt & Bachmann GmbH, Vix Technology Ltd., AEP Ticketing Solutions Srl, Masabi Ltd., Softjourn Inc., Corethree Ltd., Confidex Ltd., Parkeon Ltd., Ticketer Limited, Cammax Limited
Which Regions Offer the Highest Growth Potential in the Smart Ticketing Market?
Europe was the largest region in the smart ticketing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart ticketing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5846
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Strategic Collaborations Redefining The Smart Ticketing Landscape Industry Trends Gaining Momentum in the Global Smart Ticketing Market here
News-ID: 4115451 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Ticket
Ticket to Convenience : Passenger Ticket Vending Machine Market Analysis Forecas …
According to a recent report published by Allied Market Research, titled, "passenger ticket vending machine market by component, input type, and application: global opportunity analysis and industry forecast, 2021-2030," the global passenger ticket vending machine market was valued at $0.73 billion in 2020, and is projected to reach $1.11 billion by 2030, registering a CAGR of 4.4%. Europe was the highest revenue contributor, accounting for $0.23 billion in 2020, and…
Ticket Broker Market New Coming Industry to Witness Great Growth Opportunities i …
The latest competent intelligence report published by WMR with the title "An increase in demand and Opportunities for Global Ticket Broker Market 2022" provides a sorted image of the Ticket Broker industry by analysis of research and information collected from various sources that have the ability to help the decision-makers in the worldwide market to play a significant role in making a gradual impact on the global economy. The report…
Ticket Reseller Market: Revenue Growth to Stoke Up in Next Couple of Years, Keyp …
Global Ticket Reseller Market Research Report provides key analysis of the market status of the Ticket Reseller with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Market Share, cost structure, and growth rate. The report considers the revenue generated from the sales of this Report and technologies by…
Ticket Broker Market 2022 to Witness Notable Growth with Covid-19 Analysis, Oppo …
Global Ticket Broker Market Research Report provides key analysis of the market status of the Ticket Broker with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Market Share, cost structure, and growth rate. The report considers the revenue generated from the sales of this Report and technologies by…
Ticket Reseller Market Research on Present State and Future Growth Prospects of …
Worldwide Market Reports adds "Ticket Reseller Market 2022 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2028" reports to its database.
This report provides an in-depth study of "Ticket Reseller Market" using SWOT analysis i.e. strengths, Weaknesses, Opportunities, and Threats to the organization. The Ticket Reseller Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization…
Ticket Broker Market: Development - Opportunities in Future, Growth Forecast Up …
The latest competent intelligence report published by WMR with the title “An increase in demand and Opportunities for Global Ticket Broker Market 2022” provides a sorted image of the Ticket Broker industry by analysis of research and information collected from various sources that have the ability to help the decision-makers in the worldwide market to play a significant role in making a gradual impact on the global economy. The report…
