openPR Logo
Press release

Smart Ticketing Market - Region-wise Outlook and Forecast 2017 - 2025

03-12-2018 04:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Smart Ticketing Market - Region-wise Outlook and Forecast 2017 -

Global Smart Ticketing Market: Snapshot

Smart ticketing is emerging as an innovation in the ticketing system in the travel and transportation industries. Smart ticketing system encompasses the electronic storage of travel tickets on microchips instead of traditional system of paper tickets. The microchips are then usually embedded in smart cards, hence smart ticketing schemes also sometimes called smart card schemes. Considered as a significant improvement over traditional payments systems, smart tickets offer cost-effective and efficient way to passengers to manage their travels in trains, busses, and trams. Smart ticketing schemes are gaining traction among public transportation to hassle-free and enhanced experience to passengers in several cities of developed nations. The Octopus smart card in Hong Kong, the MOBIB card in Brussels, the Smart Rider card in Perth, and the Clipper smart cards in San Francisco are some of the well-known smart ticketing technologies employed in public transportation.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=671

Smart ticketing system are less prone to any fraudulent activity, ensure cashless payment by commuters, reduce queuing delays, and speed up their boarding times. In addition, they can always load credit amount in their tickets in advance of their travel. In case of the theft or loss of the smart tickets, the balance amount can be easily recovered or can be easily transferred to some other smart card, and hence smart ticketing system offers greater security and convenience to travelers. Apart from offering superior experience to passengers, they are also proving helpful for policy makers in several emerging and advanced countries for the development of public transportation system. In addition, numerous operators seeking to start any loyalty schemes by offer ticket types to meet customized needs of individual customers find smart ticketing a promising system.

Global Smart Ticketing Market: Overview

The global market for smart ticketing is anticipated to witness healthy growth in the next few years. The easy and affordable access to smart ticketing system for consumers is encouraging its adoption across diverse applications across the globe. Some of the primary applications of smart ticketing technology are buses, airlines, railways and metros, and sports and entertainment. With the rising convenience, it offers to consumers, this market is expected to register a progressive growth rate. The research study further offers a detailed analysis of the global market and throws light on the key factors that are likely to impact the growth of the market across the forecast period.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=671

Global Smart Ticketing Market: Drivers and Restraints

The emergence of smart ticketing in travel and tourism industry and the affordable access to smart transit systems are predicted to fuel the growth of the global smart ticketing market in the next few years. Additionally, the rising inclination of consumers towards smart technologies is likely to boost the demand for smart ticketing in the near future. The rising adoption of smart ticketing and other smart technologies in developing economies in order to promote smart living is expected to encourage the growth of the overall market.

On the flip side, the need for a large amount of funds and the centralized framework of the smart ticketing systems are projected to restrict the growth smart ticketing market in the forecast period. Moreover, the designing of an open architecture for smart ticketing technology is estimated to act as a major challenge for the leading players operating in the global smart ticketing market in the coming years. Nevertheless, the emphasis of governments around the world to promote cashless transactions and the user-friendly platform of smart ticketing are predicted to offer promising opportunities in the next few years.

Global Smart Ticketing Market: Region-wise Outlook

The global smart ticketing market across the globe has been categorized on the basis of geography into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. According to the research study, Europe is anticipated to witness progressive growth throughout the forecast period. The rising focus of key players on the expansion of application base is considered as one of the key factors projected to encourage the growth of the smart ticketing market throughout the forecast period.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/smart-ticketing-market

On the other hand, the Asia Pacific market for smart ticketing is projected to register a robust growth in the next few years. A substantial contribution from India, China, Japan, and Singapore is expected to accelerate the growth of the smart ticketing market in the coming years. In addition, the favorable regulations and the rising funds by governments are some of the other factors likely to propel the smart ticketing in Asia Pacific. The emergence of exclusive smart ticketing solutions in order to encourage the use of public transportation among public is estimated to offer promising opportunities for growth in the near future.

Key Players Mentioned in the Research Report are:

Some of the leading players operating in the global market for smart ticketing are Xerox Corporation, ASK, NXP Semiconductors, CPI Card Group Inc., Gemalto NV, Cubic Corporation, Oberthur Technologies, Confidex Ltd., HID Global Corporation/Assa Abloy AB., Giesecke & Devrient GmbH, and Infineon Technologies AG. The rising inclination of consumers towards smart technologies and convenience is predicted to generate promising and lucrative opportunities for market players.

The research study has covered the company profiles of the leading players, emphasizing on their inception detailed, contact information, financial overview, SWOT analysis, and recent development. In addition, the marketing tactics and business strategies that are being used by these players in order to maintain a dominant position in the overall market have been highlighted. This is expected to help the new players entering the global smart ticketing market and guide them in making effective business throughout the forecast period.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

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 Smart Ticketing Market - Region-wise Outlook and Forecast 2017 - 2025 here

News-ID: 973361 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as