Press release
Smart Ticketing Market- Continue To Gain Momentum Attributed To Quick Access And Robust Security Features.
Market Highlights
Rising demand from travel and tourism industry, technological advancement are the major factors driving the growth of smart ticketing market globally; whereas, high investment on smart ticketing components, lack of know-how are major restraints of the global market.
Smart ticketing is the innovative way forward for many public transportation companies. This new technology is an extremely useful, efficient and cost effective tool to use rather than older forms of ticketing. Smart ticketing is the name given to the system where an entitlement to travel (or ticket) is stored electronically on a microchip rather than being printed on a paper ticket. In most smart ticketing schemes, the microchip on which a ticket is stored is embedded in a smartcard. For this reason, smart ticketing schemes are often known as smartcard schemes, although there is much more to the scheme than just the smartcard.
Transport Industry to Impact Market Growth
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In addition to the security features, smart ticketing systems are further equipped with blockchain (the database technology used by Bitcoin system), digital sensors and artificial intelligence. Emergence of the smart ticketing system has continued to benefit the transportation industry significantly. Adoption of smart ticketing system for the public transit system such as buses, trains and airplanes will continue to gain momentum attributed to quick access and robust security features.
Industry Top Player’s
This report studies Smart Ticketing in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
• HID (U.S.)
• Gemalto NV (Netherlands)
• NXP Semiconductors (U.S.)
• CPI Card Group (U.S.)
• Cubic (U.S.)
• Xerox (U.S.)
Increasing use of the Point of Sales system in the shopping malls has significantly contributed towards growth of the global smart ticketing market. On the basis of end users, the POS terminals segment is projected to generate significant revenues in the global market. However, the card readers segment is expected to register a robust CAGR in the global market during the forecast period.
Market Segments
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Smart Ticketing in these regions, from 2011 to 2021 (forecast), like
North America, Europe, China, Japan, Southeast Asia, India
Split by product type, with production, revenue, price, and market share and growth rate of each type, can be divided into
Ticket Machine, E-Ticket, E-Kiosk
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Split by application, this report focuses on consumption, market share and growth rate of Smart Ticketing in each application, can be divided into
Railways and Metros, Sports and Entertainments, Airlines, Buses, Others
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