Smart Ticketing Market – Global Drivers, Opportunities, Trends, and Forecasts to 2023

  • Report Code : INF497470
  • Published On: Apr, 2021
  • Category : New Research Areas
  • Pages : 93

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  • Smart Ticketing Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023

    Brief: Smart ticketing refers to a system in which a travel ticket is stored digitally on a microchip rather than a print out, and is generally embedded on a smart card. Smart ticketing is mainly used in public transport supported by various governments and a sustainable transport policy, which improves the overall transportation services with increased usage of NFC-enabled mobile phones. Smart ticketing has also brought innovation to sports, entertainment, BFSI, and healthcare industries and are being widely implemented in many industries. Globally, increasing demand for cashless payments has enabled smart ticketing companies to innovate on mobile payment options.

    Market Analysis:

    According to Infoholic Research, it is estimated that the “Smart Ticketing” market will witness a CAGR of 19.7% during the forecast period 2017–2023. The market is analyzed based on products, verticals, and regions. The products segment is further divided into ticket machine, ticket system, smart parking, smart bills, and others.

    Technology and Product Analysis:

    The smart ticketing technologies such as NFC, RFID, open payment system, QR code, and barcode are being implemented in transportation, sports, and entertainment industries. The increasing demand for real-time information, mobile & web applications, and smart card is the major driver for the market growth.

    The major products covered in the report are ticket machine, ticket system, smart parking, smart bill, and others. Most of the smart ticketing players are offering security-based solutions, which have a huge demand in the smart ticketing market due to increase in fraud activities and the need to provide secure services to the customers. Further, transportation and entertainment industry players are investing in the smart ticketing products such as ticket vending machine, ticket system, smart parking, and smart bill.

    Vertical Analysis:

    The major verticals covered in the report are transportation, sports, entertainment, and others. Recently, BFSI and healthcare industries have started implementing smart ticketing by issuing smart cards, which reduces the customers queueing, paperwork, and moreover, it is cost-effective. Many sports authorities, entertainment agencies, and public & private transport operators are investing in smart ticketing to increase customer security, improve their operations, and improve customer satisfaction. Additionally, public & private transport players such as railways, roadways, and airways are now reaping the benefits from smart ticketing that allows them to offer the best prices, less operational cost, and better customer longevity with improved services & solutions.

    The transportation industry is expected to hold the major market share, growing at a CAGR of 19.0% during the forecast period 2017–2023. In the transportation industry, land transport mode segment is expected to contribute the major market revenue followed by airways and water transport. Increasing demand for smart technologies by public transportation authorities and operators to automate their ticketing process is expected to drive the market growth.

    Regional Analysis: The regions covered include the Americas, Asia Pacific, Europe, and MEA. Europe is set to be the leading region followed by the Americas. Asia Pacific is set to be an attractive emerging market for key stakeholders in the next 5–6 years. Globally, rising investment activities from companies and governments to provide complete automation ticketing systems services is expected to boost the market growth. Some of the key players included in the report are NXP Semiconductors, Xerox Corporation, Rambus, Cubic Corporation, Gemalto NV, and Others.

    Competitive Analysis and Benefits: Most of the smart ticketing companies are expanding their operations by investing majorly in public transportation across all smart cities in the world.

    The study covers and analyzes the “Smart Ticketing” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalists in understanding the companies better and take informed decisions.

     

  • With tables and figures helping analyze worldwide Smart Ticketing market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Industry Outlook

    1.1 Industry Overviews

    1.2 Industry Trends

    1.3 Pest Analysis


    2 Report Outline

    2.1 Report Scope

    2.2 Report Summary

    2.3 Research Methodology

    2.4 Report Assumptions


    3 Market Snapshot

    3.1 Segmented Addressable Market (SAM)

    3.2 Related Markets

    3.2.1 Integrated ticketing
    3.2.2 Electronic ticketing
    3.2.3 IT Ticketing system

    4 Market Outlook

    4.1 Overview

    4.2 Market Definition – Infoholic Research

    4.3 Market Trends

    4.4 Market Segmentation

    4.5 Porter 5 (Five) Forces


    5 Market Characteristics

    5.1 Evolution

    5.2 Ecosystem

    5.3 Market Dynamics

    5.3.1 Drivers
    5.3.1.1 Huge demand from travel and tourism industry
    5.3.1.2 Technological advances
    5.3.1.3 Improves the efficiency of the existing systems
    5.3.1.4 Increase in regulators, transport authorities and operators
    5.3.2 Restraints
    5.3.2.1 Lack of investments and public security
    5.3.2.2 Increase in passengers and their diversified modes of transport
    5.3.2.3 Lack mobility and increase in congestion
    5.3.3 Opportunities
    5.3.3.1 Sustainable growth_ Smart Ticketing Era
    5.3.3.2 Huge demand for integrated solutions
    5.3.3.3 Increase in demand for intelligent transportation systems (ITS)
    5.3.4 DRO – Impact Analysis

    6 Technology: Market Size & Analysis

    6.1 Overview

    6.2 Near Field Communication (NFC)

    6.3 Radio Frequency Identification (RFID)

    6.4 QR code

    6.5 Bar code

    6.6 Open payment fare systems

    6.7 Others

    7 Product: Market Size & Analysis

    7.1 Overview

    7.1.1 Market Size and Analysis

    7.2 Ticket Machines

    7.3 Smart Parking

    7.4 Smart Bill

    7.5 Ticketing System


    8 Types: Market Size & Analysis

    8.1 Overview

    8.1.1 Market Size and Analysis

    8.2 Smart Card

    8.2.1 Contactless Card
    8.2.2 Contact Card

    8.3 Mobile devices


    9 Verticals: Market Size & Analysis

    9.1 Overview

    9.1.1 Market Size and Analysis

    9.2 Transportation

    9.2.1 Land Transport
    9.2.1.1 Railways
    9.2.1.2 Metros and Trams
    9.2.1.3 Buses
    9.2.2 Air Transport: Airlines
    9.2.3 Water transport

    9.3 Sports

    9.4 Entertainment

    9.5 Others


    10 Regions: Market Size & Analysis

    10.1 Overview

    10.1.1 Market Size and Analysis

    10.2 Europe

    10.2.1 Market Size and Analysis
    10.2.2 UK
    10.2.3 Germany
    10.2.4 France

    10.3 Americas

    10.3.1 U.S.
    10.3.2 Canada
    10.3.3 Mexico

    10.4 Asia Pacific

    10.4.1 India
    10.4.2 China
    10.4.3 ANZ

    10.5 Middle East and Africa

    10.5.1 UAE
    10.5.2 Iran
    10.5.3 South Africa

    11 Vendor Profiles

    11.1 Cubic Corporation

    11.1.1 Overview
    11.1.2 Business unit
    11.1.3 Geographic revenue
    11.1.4 Business focus
    11.1.5 SWOT analysis
    11.1.6 Business strategies

    11.2 Rambus Inc.

    11.2.1 Overview
    11.2.2 Business unit
    11.2.3 Geographic revenue
    11.2.4 Business focus
    11.2.5 SWOT analysis
    11.2.6 Business strategies

    11.3 Infineon Technologies AG

    11.3.1 Overview
    11.3.2 Business unit
    11.3.3 Geographic revenue
    11.3.4 Business focus
    11.3.5 SWOT analysis
    11.3.6 Business strategies

    11.4 NXP Semiconductors

    11.4.1 Overview
    11.4.2 Business Unit
    11.4.3 Geographic Presence
    11.4.4 Business Focus
    11.4.5 SWOT Analysis
    11.4.6 Business Strategy

    11.5 CPI Card Group Inc.

    11.5.1 Overview
    11.5.2 Business unit
    11.5.3 Geographic revenue
    11.5.4 Business focus
    11.5.5 SWOT analysis
    11.5.6 Business strategies

    11.6 Xerox Corporation

    11.6.1 Overview
    11.6.2 Business unit
    11.6.3 Geographic revenue
    11.6.4 Business focus
    11.6.5 SWOT analysis
    11.6.6 Business strategies

    12 Global Generalist

    12.1 Gemalto N.V.

    12.1.1 Overview
    12.1.2 Gemalto NV in Smart Ticketing Market

    12.2 INSIDE SECURE

    12.2.1 Overview
    12.2.2 INSIDE SECURE in Smart Ticketing Market

    12.3 Oberthur Technologies

    12.3.1 Overview
    12.3.2 Oberthur Technologies in Smart Ticketing Market

    13 Companies to Watch For

    13.1 Confidex Ltd.

    13.1.1 Overview
    13.1.2 Confidex Ltd. Market
    13.1.3 Confidex Ltd in Smart Ticketing Market

    13.2 Masabi Ltd.

    13.2.1 Overview
    13.2.2 Masabi Ltd. Market
    13.2.3 Masabi Ltd. in Smart Ticketing Market
    Annexure
     Abbreviations

     

  • The Smart Ticketing Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • Cubic Corporation
    • Rambus Inc.
    • Infineon Technologies AG
    • NXP Semiconductors
    • CPI Card Group Inc.
    • Xerox Corporation
    • Gemalto N.V.
    • Oberthur Technologies
    • Confidex Ltd.
    • Masabi Ltd.
    By Regions:
      By Type:
        By Application:
        Licensing options
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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