1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- ASSA ABLOY AB
- Cityway SAS
- Conduent Inc.
- Confidex Ltd.
- Cubic Corp.
- Gemalto NV
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Smart Ticketing Market: About this market
The smart ticketing market analysis considers sales from transportation and sports and events applications. Our study also finds the sales of smart ticketing in APAC, Europe, North America, South America, and MEA. In 2019, the transportation segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as convenience, flexibility, and security aspects of smart ticketing will play a significant role in the transportation segment to maintain its market position. Also, our global smart ticketing market report looks at factors such as the rise in global travel and tourism, partnerships between MaaS service providers and transportation companies, and successful applications of various technologies. However, high cost of setting up and implementing smart ticketing, complexity involved in implementing centralized framework for smart ticketing systems, and privacy concerns may hamper the growth of the smart ticketing industry over the forecast period.
Global Smart Ticketing Market: Overview
Rise in global travel and tourism
Factors such as the growth of budget airlines and the rise in the number of double-income households have increased consumer spending on travel and leisure activities. In addition, stability of fuel prices has made air travel affordable. The well-developed road and rail infrastructure in many developed and developing countries are encouraging travelers to prefer public transportation over their own modes of transportation. Transport owners are adopting smart ticketing to reduce waiting time and help travelers avoid long queues. These factors will lead to the expansion of the global smart ticketing market at a CAGR of almost 5% during the forecast period.
Introduction of biometric ticketing concept
Vendors in the market are focusing on the development of biometric ticketing to help secure identification, authentication, and access control. Biometric authentication reduces the possibility of fake and duplicate tickets. China is introducing smart ticketing systems in subways that allow passengers to pay their fares with a facial recognition scan. Several baseball stadiums are also adopting biometric scans to allow entry without the need for physical or digital tickets. The increasing emphasis on the development of biometric ticketing is expected to boost market growth during the forecast period.
Competitive Landscape
With the presence of few major players, the global smart ticketing market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading smart ticketing manufacturers, that include ASSA ABLOY AB, Cityway SAS, Conduent Inc., Confidex Ltd., Cubic Corp., Gemalto NV, Giesecke+Devrient GmbH, Masabi Ltd., Paragon Group Ltd., and Rambus Inc.
Also, the smart ticketing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The smart ticketing market analysis considers sales from transportation and sports and events applications. Our study also finds the sales of smart ticketing in APAC, Europe, North America, South America, and MEA. In 2019, the transportation segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as convenience, flexibility, and security aspects of smart ticketing will play a significant role in the transportation segment to maintain its market position. Also, our global smart ticketing market report looks at factors such as the rise in global travel and tourism, partnerships between MaaS service providers and transportation companies, and successful applications of various technologies. However, high cost of setting up and implementing smart ticketing, complexity involved in implementing centralized framework for smart ticketing systems, and privacy concerns may hamper the growth of the smart ticketing industry over the forecast period.
Global Smart Ticketing Market: Overview
Rise in global travel and tourism
Factors such as the growth of budget airlines and the rise in the number of double-income households have increased consumer spending on travel and leisure activities. In addition, stability of fuel prices has made air travel affordable. The well-developed road and rail infrastructure in many developed and developing countries are encouraging travelers to prefer public transportation over their own modes of transportation. Transport owners are adopting smart ticketing to reduce waiting time and help travelers avoid long queues. These factors will lead to the expansion of the global smart ticketing market at a CAGR of almost 5% during the forecast period.
Introduction of biometric ticketing concept
Vendors in the market are focusing on the development of biometric ticketing to help secure identification, authentication, and access control. Biometric authentication reduces the possibility of fake and duplicate tickets. China is introducing smart ticketing systems in subways that allow passengers to pay their fares with a facial recognition scan. Several baseball stadiums are also adopting biometric scans to allow entry without the need for physical or digital tickets. The increasing emphasis on the development of biometric ticketing is expected to boost market growth during the forecast period.
Competitive Landscape
With the presence of few major players, the global smart ticketing market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading smart ticketing manufacturers, that include ASSA ABLOY AB, Cityway SAS, Conduent Inc., Confidex Ltd., Cubic Corp., Gemalto NV, Giesecke+Devrient GmbH, Masabi Ltd., Paragon Group Ltd., and Rambus Inc.
Also, the smart ticketing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ASSA ABLOY AB
- Cityway SAS
- Conduent Inc.
- Confidex Ltd.
- Cubic Corp.
- Gemalto NV
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ASSA ABLOY AB
- Cityway SAS
- Conduent Inc.
- Confidex Ltd.
- Cubic Corp.
- Gemalto NV
The following companies as the key players in the global smart ticketing market: ASSA ABLOY AB, Cityway SAS, Conduent Inc., Confidex Ltd., Cubic Corp., Gemalto NV, Giesecke+Devrient GmbH, Masabi Ltd., Paragon Group Ltd., and Rambus Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the introduction of biometric ticketing concept.”
According to the report, one of the major drivers for this market is the rise in global travel and tourism.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of setting up and implementing smart ticketing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the introduction of biometric ticketing concept.”
According to the report, one of the major drivers for this market is the rise in global travel and tourism.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of setting up and implementing smart ticketing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- ASSA ABLOY AB
- Cityway SAS
- Conduent Inc.
- Confidex Ltd.
- Cubic Corp.
- Gemalto NV
- Giesecke+Devrient GmbH
- Masabi Ltd.
- Paragon Group Ltd.
- Rambus Inc.
Note: Product cover images may vary from those shown
