Smart ticketing is a framework that electronically stores a travel ticket on a microchip which is then inserted on a smartcard. It is a paper free arrangement and a less demanding approach to keep up a travel ticket. Main considerations driving the development of Smart ticketing market are the reasonable access to keen travel frameworks. Fast selection of brilliant innovations and expanding executions of savvy ticketing are different variables driving the development of Smart ticketing market. The Smart ticketing market has been sectioned on the premise of part, item, framework and application. The item fragment is additionally bifurcated into e-toll, e-ticket, keen stopping framework, ask for tracker, e-booth and others. Out of these, the e-stand section is required to develop at the most noteworthy CAGR amid the gauge time frame. It helps in lessening the manual operations and thus ends up being extremely productive amid top hours. Ticket machine is the most established type of Smart ticketing and aides in keeping up and overseeing stream of travelers amid top hours. Thus it is relied upon to hold the biggest piece of the pie in the item fragment, amid the gauge time frame.
The global smart ticketing market is expected to grow at approx. USD 11 Billion by 2023, at 8% of CAGR between 2017 and 2023.
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- HID (U.S.),
- Gemalto NV (Netherlands),
- NXP Semiconductors (U.S.),
- Giesecke & Devrient GmbH (Germany),
- Infineon Technologies AG (Germany),
- Inside Secure (France),
- Xerox Corporation (U.S.),
- Confidex Ltd. (Finland),
- Cubic Corporation (U.S.),
- ASK (France), among others.
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Study Objectives of Smart Ticketing Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the smart ticketing market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future perspective.
- To provide country level analysis of the market for segmentation on the basis of component, product, system and application.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for smart ticketing
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the smart ticketing
Smart ticketing market can be segmented on the basis of following:
- HardwarePOS Terminal Equipment
- Cards & Microchips
- Card Reader
- Ticket Machine
- Smart Parking System
- Request Tracker
- Smart Card
- Open Payment System
- Near Field Communication System
- Railways & Metros
- Sports & Entertainment
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The regional analysis of smart ticketing market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in smart ticketing market in North America is attributed to the technical advancements and increasing use of mobiles devices in that region.
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