Press release
Mobile Ticketing Devices Market to Observe Strong Development by 2025
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The rising penetration of mobile ticketing devices across different areas such as amusement park, traveling and tourism and entertainment is the key trend in the market. Also, the use of mobile ticketing devices and growing investment to develop innovative products due to increased sales and other benefits are trending in the market.
Mobile Ticketing Devices: Drivers and Restraints
Due to the paperless operations and reduction in labor cost, the market of mobile ticketing devices is increasing. With the help of these handheld devices, a lot of time is saved since very quickly the tickets can be generated which is also preferred by people since they do not have to wait in long queues. Also, the number of transactions been increased which results in growing sales. Such factors are boosting the growth of mobile ticketing devices market.
The cost of setting up the devices is high which restrain the growth of mobile ticketing devices in the market. Due to the centralized operations, backing up of data becomes a complex task which results in lower the adoption of mobile ticketing devices in the market.
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Mobile Ticketing Devices: Competitive Landscape
The key players in the market are Ticketer, AutoMate Systems, Softland India Ltd., Realtech Infosys, NGX Technologies Pvt. Ltd., Scheidt & Bachmann GmbH, Clancor Technovates India Private Limited, Zebra Technologies Corporation, Synergic Softek Solutions Pvt. Ltd., Metric Group Ltd., and Micro FX.
Regional Overview
Asia Pacific is expected to the largest market of Mobile Ticketing Device. The majority of Mobile Ticketing Device vendors such as AutoMate Systems, Micro FX, and Softland India Ltd. are based in Asia Pacific region. This is attributed to the rising penetration of mobility as a service. The market is anticipated to grow in Europe region due to the presence of other market vendors like Metric Group Ltd. and Scheidt & Bachmann GmbH in the region.
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