As per this study, the Global Smart Ticketing Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX.
Smart ticketing is a ticketing system where a ticket is stored in a microchip electronically. This microchip is embedded on a card which is known as a smart card. A smart ticketing system enables users and sellers to provide their personalized or customized ticket, which further can be used as e-ticket for traveling. Smart ticketing system provides safety from fraud and also provides additional credits to passengers.
The rising applications of smart ticketing in the tourism and travel industry, as they are user-friendly and can be accessed by all age group, is fueling the market growth of smart ticketing market. On the other side, high investments on smart ticketing system restrain market growth. Whereas, the adoption of demonetization policies and cashless transactions for smart ticketing system are expected to stimulate the market growth over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of smart ticketing.
The broad smart ticketing market has been sub-grouped into system, component, product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Open Payment System
- Smart Card
- Near-Field Communication
- Ticket Machine
- Request Tracker
- Sports & Entertainment
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for smart ticketing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Smart Ticketing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the smart ticketing market include ASK, CPI Card Group Inc., Cubic Corporation, Gemalto NV, Giesecke & Devrient GmbH, HID Global Corporation, Infineon Technologies AG, NXP Semiconductors, And Xerox Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.