Smart Ticketing Market to be Worth $10.14 Billion by 2029
The Global Smart Ticketing Market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2023-2029. This intelligence reports include an investigation based on Current scenarios, Historical records, and Future predictions. The report contains different market predications Related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The global smart ticketing market size reached US$ 17.9 Billion in 2023. Looking forward, expects the market to reach US$ 34.2 Billion by 2029, exhibiting a growth rate (CAGR) of 11.2% during 2023-2029.
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Smart Ticketing Market Main Competitive Landscape:
Rambus Incorporated (Visa Inc.), Giesecke+Devrient, EMR,Paragon ID (Paragon Group Limited), Conduent Inc, NEC Electronics (NEC Corporation), Confidex Ltd., Cubic Corporation, Softjourn, Inc., Infineon Technologies, Hid Global, Indra Sistemas, Vix Technology, and others.
KEY INDUSTRY DEVELOPMENTS:
- January 2021 – EMR, a train operating company, became the first company in the U.K. to introduce smart ticketing kiosks on their railway network. These services are provided by Cammax Ltd and SilverRail to provide user-friendly and fast ticket booking services to customers.
- August 2021 – Conduent, Inc. introduced a contactless payment system that allows tickets to be purchased directly on board railways and buses. The company has installed approximately 600 contactless validators on the railways and buses owned by Azienda Trasporti Bergamo (ATB) company in Italy.
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis. It presents a 360-degree overview of the competitive landscape of the industries. The report provides qualitative and quantitative analysis of the market using various frameworks such as Porter’s and PESTLE analysis.
Dividing the Global Smart Ticketing Market by Product types and Application
Based on type, the market has been segmented into:
Smart Cards
Wearables
Readers
Others (Validators, Ticketing Mobile Terminals/Ticketing Machines)
Based on application, the market has been segmented into:
Transportation
Sports & Entertainment
Among these, parking and transportation holds the largest market share due to the growing adoption of electronic ticketing in public transportations, such as buses and trains. In this digital era, the transportation sector in big cities is undergoing massive transformation.
Regions Are covered by Smart Ticketing Market Report 2023 To 2029
North America have the highest market share and is expected to continue its dominance during the forecast period. Adoption of emerging technologies and the presence of major players, such as Conduent, Inc., HID Global Corporation, Masabi Ltd., and others in the region are expected to drive the growth of the market.
Asia Pacific is likely to be the fastest-growing market in the near future. The growing adoption of internet of things (IoT) devices and smartphones and rapid urbanization are expected to be the key factors fueling the Asia Pacific smart ticketing market growth. Moreover, key vendors in the market are focusing on expanding their businesses in developing countries, such as India, China, and Indonesia, which is anticipated to boost the market growth.
Following are major TOC of the Smart Ticketing Market:
Chapter 1: Smart Ticketing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Smart Ticketing Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Smart Ticketing Market Forecast
Keep it going ……
Our analysts examined the information and data and generated insights using a combination of quantitative and qualitative research efforts, with the primary purpose of delivering a holistic view of the market.
Reasons for buying this report:
– Smart Ticketing Market segmentation analysis includes qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
– Analysing the outlook of the Smart Ticketing market with the recent trends and Porter’s five forces analysis
– To study current and future market outlook in the developed and emerging markets
– Market dynamics scenario, along with growth opportunities of the market in the years to come.
– Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Smart Ticketing Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
– Distribution Channel Sales Analysis by Value.
– Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years.
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players.
Customization Service of the Report:
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