According to the recent study the smart ticketing market is projected to grow at a CAGR of 14%-16% from 2020 to 2025. Growth in this market is primarily driven by growing demand for smart ticketing in the travel and tourism industry, technological upgradation in the ticketing system, and growth in intelligent transportation.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in smart ticketing market by product (ticket machines, E-tickets, E-kiosks, smart parking systems, E-toll, and request trackers), application (transportation (railways, roadways, and airways) and sports & entertainment), offering (hardware [smart cards, wearables, ticketing mobile terminals/ticketing machines, readers, and validators] and software & services), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“E-ticket market is expected to remain the largest segment during the forecast period.”
Based on product, the smart ticketing market is segmented into ticket machines, E-tickets, E-kiosks, smart parking systems, E-toll, and request trackers. Lucintel forecasts that the E-tickets market is expected to remain the largest segment over the forecast period due to growing usage of smartphones around the world and increasing use of e-tickets in sports events.
“Within the smart ticketing market, the sports and entertainment segment is expected to remain the largest application.”
Based on application, the sports and entertainment segment is expected to witness the largest segment by application over the forecast period due to the growing usage of online payment methods and increasing demand in sports events, as E-tickets offer higher security than traditional paper tickets.
“Europe will dominate the smart ticketing market in near future.”
Europe is expected to be the largest region over the forecast period due to growing tourism industry in the region. APAC is expected to witness the highest growth over the forecast period due to favorable government regulations and increasing demand for intelligent transit system.
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Major players of smart ticketing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cubic Corporation, Infineon Technologies, Conduent, Vix Technology, Rambus, HID Global, Gemalto, Giesecke+Devrient, Confidex, Inside Secure, Indra Sistemas, Paragon ID, Scheidt & Bachmann, CGI Group, Masabi, Cityway, and Smart Card IT Solutions are among the major smart ticketing providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-ticketing-market.aspx or helpdesk@lucintel.com.
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