Global Smart Ticketing Market Expected to Worth USD 10.22 Billion by 2022 End

This research report offers a comprehensive analysis of the “Global Market Study on Smart Ticketing: WiFi to Remain the Largest Technology Segment Through 2025“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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The smart ticketing system is a system which enables storing tickets electronically in a microchip. The microchip is embedded on a pepper card and this is known as a smart card. Some of the key advantages of using smart ticking system include safety from fraud, providing passengers with credit or preloaded ride travels in case of an advance travel, help is reduction or eliminating long queue. Further smart ticketing system enables the operators and sellers to provide there personalized or customized tickets which suit the requirement of a wide range of individuals and cater to their customized requirements. The smart ticketing system is most widely adopted in the transportation sector. Some of the key factors driving the smart ticket market include successful application of a wide range of smart technology. Rising application in tourism and travel industry and applications of systems which are user friendly which could be accessed and easily used by people from all age group is further driving the smart ticketing market growth. Some of the factors restraining the smart ticketing system market include high setup cost and a centralized operating unit for operating the smart ticketing system to operate effectively. Further many governments across globe are adopting demonetization policies and encouraging cashless transactions. This is a key opportunity for the smart ticking market to grow over the near future.

The smart ticketing market by ticketing solution could be segmented into HCT Ticketing App, HCE ticketing wallet services, processing systems or host operator system, remote ticket download, smart cards, smart ticket checker app and card management system (CMS). The smart ticketing market by product could be segmented by e-ticket, ticket machine, e-kiosk, e-toll, smart parking system and others. Ticket machine is expected to lead the smart ticketing market segmented by product type. The ticketing machine is an integration of ticketing vending, smart gating and fare collection systems. The ticketing machine enables the flow of passengers in peak hours and effective operation. E-kiosk is expected to grow at the fastest rate over the next few years.

The smart ticketing market by component could be broadly segmented into hardware and software. The smart ticketing market by hardware could be further segmented into cards and microchips, POS terminal equipment and card reader. The smart ticketing market by system could be broadly segmented into near field communication system, smart card and open payment system. The smart card segment in the smart ticketing market segmented by system could be further segmented into chip less radio frequency identification (RFID) and chip radio frequency identification RFID. The near field segment in the smart ticketing market segmented by system is expected to grow at the fastest rate over the next few years. A key advantage of using the near field communication system is that it could be easily integrated into a portable computing device like laptops, smart phones and tabs. Thus with the integration of smart devices and NFC technology is expected to gain more popularity over traditionally used printed ticketing systems. Further, rise in usage of smart phones is also driving the demand for near field communication system.

Geographically the smart ticketing market could be broadly segmented into North America, Asia Pacific, Latin America, Europe and Middle East and Africa. Europe led the smart ticketing market. Most of the major players operating in the smart ticketing market are based in the region. Moreover, there is high rate of adoption of the smart ticketing system in Germany, U.K. and Sweden. Further, Europe is expected to dominate the smart ticketing market over the next few years.

Some of the key players operating in the smart ticketing market include Gemalto NV (the Netherlands), HID (U.S.), NXP Semiconductors (U.S), Infineon Technologies AG (Germany), Giesecke & Devrient GmbH (Germany), Inside Secure (France), CPI Card Group Inc., (U.S.) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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