Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: MRR

Global Smart Ticketing Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

DUBLIN, Jan. 28, 2022 /PRNewswire/ -- The "Smart Ticketing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The global smart ticketing market reached a value of US$15.83 Billion in 2021. Looking forward, the publisher expects the market to reach US$33.3 Billion by 2027, exhibiting a CAGR of 12.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

Smart ticketing refers to a flexible, quick, convenient, contactless, and easy-to-use system that electronically stores travel tickets on a microchip embedded in a smartcard. It allows passengers to seamlessly travel on public transport like buses, trams, or trains without using traditional payment systems like cash or purchasing a paper ticket. Nowadays, several companies are offering the option to add multiple train tickets to a single smartcard, which can be used across multiple journeys and modes of transportation

Individuals nowadays prefer public transportation over private vehicles on account of traffic congestion and rising environmental concerns, which represents one of the key factors driving the market growth. Moreover, governing agencies of various countries are promoting developments in smart technology and ticketing arrangements across different types of mobility and public transport. They are also promoting modern fare management that is safe, secure, reliable, and convenient for travelers and operators. Apart from this, the emergence of an innovative open-loop concept that enables passengers to utilize their credit or debit cards or mobile devices with payment functionalities like wearables for ticket payments is also contributing to the market growth. This can also be accredited to the increasing demand for mobile apps and the growing use of digital bank cards.

Moreover, integrating blockchain technology with smart ticketing can improve the passenger experience as it offers greater flexibility while minimizing paper ticket waste. Additionally, the coronavirus disease (COVID-19) outbreak, along with the revival of the travel and tourism industry, is catalyzing the demand for contactless smart ticketing solutions to prevent cross-infection. Besides this, leading players are focusing on providing smart ticketing solutions based on fingerprint recognition algorithms and ultra-touch fingerprint sensors, which is projected to create a positive market outlook

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Confidex Ltd., Cubic Corporation, Hid Global Corporation (Assa Abloy AB), Hitachi Ltd., Indra Sistemas S.A., Infineon Technologies AG, NXP Semiconductors N.V., Rambus Incorporated, Scheidt & Bachmann GmbH, Softjourn Inc., Thales Group and Verimatrix

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart Ticketing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product
6.1 Ticket Machine
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 E-Ticket
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 E-Kiosk
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Request Tracker
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Component
7.1 Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hardware
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by System
8.1 Open Payment System
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Smart Card
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Near-Field Communication
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Application
9.1 Sports and Entertainment
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Transportation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Confidex Ltd. Company Overview Product Portfolio
15.3.2 Cubic Corporation Company Overview Product Portfolio SWOT Analysis
15.3.3 Hid Global Corporation (Assa Abloy AB) Company Overview Product Portfolio
15.3.4 Hitachi Ltd. Company Overview Product Portfolio Financials SWOT Analysis
15.3.5 Indra Sistemas S.A. Company Overview Product Portfolio Financials SWOT Analysis
15.3.6 Infineon Technologies AG Company Overview Product Portfolio Financials SWOT Analysis
15.3.7 NXP Semiconductors N.V. Company Overview Product Portfolio Financials SWOT Analysis
15.3.8 Rambus Incorporated Company Overview Product Portfolio Financials
15.3.9 Scheidt & Bachmann GmbH Company Overview Product Portfolio
15.3.10 Softjourn Inc. Company Overview Product Portfolio
15.3.11 Thales Group Company Overview Product Portfolio Financials SWOT Analysis
15.3.12 Verimatrix Company Overview Product Portfolio Financials

For more information about this report visit https://www.researchandmarkets.com/r/44rj9l

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

These press releases may also interest you

at 10:10
The "Electronic Chemicals and Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global electronic chemicals and materials market reached...

at 10:10
The "Food and Nutrition: Beyond the Pandemic" report has been added to ResearchAndMarkets.com's offering. The Food and Nutrition: Beyond the Pandemic global briefing offers an insight into to the size and shape of the health and wellness...

at 10:05
International Isotopes Inc. (the "Company") is pleased to announce its financial results for the three months ended March 31, 2022. Revenue for the three months ended March 31, 2022 was $2,807,441 as compared to $1,992,512 for the same period in...

at 10:00
The Global Lottery Market is Segmented by Type (Draw-Based Games, Instant Games, Sport Games and others), by Application (Lottery Store, Online Lottery): Opportunity Analysis and Industry Forecast, 2022?2028. It is published in Valuates Reports under...

at 10:00
At the 2022 Meineke Convention, Janet Cummings won the prize of a lifetime: a 1972 convertible Chevrolet Corvette ? in bright Meineke yellow. The 50-year old classic car pays homage to Meineke's 50th anniversary, which...

at 10:00
Vela Diagnostics announced today the launch of its new PathoKey® MP UTI ID and AMR PCR Test for research use only (RUO*). This multiplex PCR-based test allows for the in vitro detection and differentiation of 14 pathogens that cause urinary tract...

News published on 28 january 2022 at 10:30 and distributed by: