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Mobile Ticketing Devices Market to Flourish with an Impressive CAGR by 2025
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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.
With the rise of mobility as a service, the market of mobile ticketing devices has reached great heights. Earlier, the only means of generating tickets were pen and paper. With the evolution of technology, stationary ticketing devices came into existence through which people could enter details and generate tickets. With the upsurge of mobility as a service, resulted into the evolution of mobile ticketing devices. These devices are handheld, which can be carried anywhere and tickets could be generated anytime. These devices are used in many applications like traveling, amusement tickets, and others.
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.
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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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.
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