Global Smart Ticketing Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Smart ticketing Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Smart ticketing Business, Market Share of Product, Application and Regional Scope of Smart ticketing which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
The global smart ticketing market size is anticipated to account for USD 33.7 billion by the end of 2026 and is estimated to grow at compound annual growth rate of 14.9% during the forecast period 2019 to 2026. In travel & tourism, rising demand for e-ticketing tools due to its greater convenience is projected to spur market growth. In addition, the growing adoption of online transaction system and intelligent transportation system are expected to boost market growth.
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In subway and metros, smart ticketing solutions help in rapid transit access at affordable costs. The ticket is stored on the microchip embedded along with smart card. Smart card system enables passengers to buy tickets from loaded or saved credit or money, this saves time & makes the process faster. Thus, several public authorities are installing these solutions to control traffic & deliver efficient transportation services. In addition, these solutions provide high reliability and longer life when compared with paper-based solutions.
To enhance the consumer experience, companies in the industry focus on continuous innovation for developing new solutions to meet consumer needs. For example, in U.K., South & Western rail has introduced a Tap2 Go service that eliminates buying of tickets. In this process, passengers only need to touch card at entry/exit gates. The system automatically calculates fare amount & payment get deducted from consumers account.
Smart ticketing solutions provide improved security for fraud which is projected to support market growth. This system utilizes magnetic stripes technology that needs lower maintenance costs. In addition, it offers fast payment options and flexible travel passes especially in part-time seasons.
Key manufacturers in the smart ticketing market areCubic Corporation; CPI Card Group,ConfidexLtd, Giesecke&Devrient GmbH, Gemalto NV, NXP Semiconductors and Infineon Technologies AG.
Table of Contents
Chapter 1 Smart ticketing Market Overview
1.1 Smart ticketing Definition
1.2 Smart ticketing Market Size Status and Outlook (2019-2026)
1.3 Global Smart ticketing Market Size Comparison by Region (2019-2026)
1.4 Global Smart ticketing Market Size Comparison by Type (2019-2026)
1.5 Global Smart ticketing Market Size Comparison by Application (2019-2026)
1.6 Global Smart ticketing Market Size Comparison by Sales Channel (2019-2026)
1.7 Smart ticketing Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Smart ticketing Market Segment Analysis by Player
Chapter 3 Smart ticketing Market Segment Analysis by Type
And Continue…
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