Smart Ticketing Market Forecasts to 2028 – Global Analysis By Connectivity, Offering (Hardware, Software, Services), Organization Size, Component, Application and By Geography
According to Stratistics MRC, the Global Smart Ticketing Market is accounted for $6.72 billion in 2020 and is expected to reach $21.72 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Growing adoption of contactless payments, upsurge in the intelligent transportation market, and rising adoption of wearable technologies are the major factors propelling the market growth. However, high setup costs for smart ticketing systems and centralized framework of smart ticketing systems are hampering the market growth.
Smart ticketing is the billing/ticketing system, where a prerogative to travel (a ticket), is stored electronically on a microchip rather than being issued as a paper ticket. In most smart ticketing schemes, the microchip on which a ticket is stored is embedded in a smartcard. For this reason, smart ticketing schemes are often known as smartcard schemes, although this application expands a lot further than just smartcard. Smart ticketing uses the government backed ITSO specification to allow seamless travel in both intraregional and interregional travel supported on different modes of transport. It is fast, more efficient, and saves a lot of paperwork.
Based on application, the sports and entertainment segment is going to have a lucrative growth during the forecast period owing to the increasing trend of adopting mobile ticketing in stadiums which facilitate mobile access provisions to fans while entering into the arena and accepts NFC-enabled smart phones as a contactless smart card. Further, smart ticketing options can also reduce fraudulent activities and reselling of tickets outside the stadium at extortionate prices by verified e-tickets purchased from authentic team app on exclusive mobile devices. Event providers are exploring their unique ideas to improve the ticketing experience of attendees by using software such as SAP solution that engages fans and customers in real time.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of countries like China, India, Malaysia, Indonesia, and Thailand. These countries aim to develop smart cities due to the robust economic development, the surge in population, and fast urbanization. APAC nations are also getting investments, supporting advanced technologies, and creating unique solutions to enhance the quality of life. These improvements are boosting the growth of the regional smart ticketing market. There is a high significance on the growth of innovative and interoperable automated free collection systems, like smart cards and NFC-enabled devices, to boost the efficiency of transport systems as well ridership by giving commuters a streamlined travel experience. Established countries like Japan and Singapore are aiming to adopt technology-enabled transport systems by initiating hefty technology funding.
Some of the key players profiled in the Smart Ticketing Market include ACT, Atsuke, Cammax, Conduent, Confidex, Corethree, Cubic Corporation, Flowbird Group, HID Global, Hitachi Rail, IDEMIA, Indra, Infineon Technologies, Masabi, NXP Semiconductors, PayiQ, Scheidt & Bachmann, Siemens, Thales, and Xerox Corporation.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 6.72 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
15.8% |
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Predicted 2028 Value: |
USD 21.72 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
233 |
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Chapters Covered: |
Connectivity, Offering, Organization Size, Component, Application and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Connectivities Covered:
• Barcode
• Cellular Network
• Near Field Communication (NFC)
• Open Payment System
• Radio-frequency Identification (RFID)
• Wireless Fidelity (Wi-Fi)
Offerings Covered:
• Hardware
• Software
• Services
Organization Sizes Covered:
• Large Enterprises
• Small and Mid-size Enterprise (SME)
Components Covered:
• Electronic (E)-Kiosk
• Electronic (E)-Ticket
• Electronic (E)-Toll
• Point of Sale (POS) Terminals
• Request Tracker
• Smart Cards
• Smart Card Readers
• Ticket Validators
• Ticketing Machine/Smart Ticketing Kiosk
• Ticketing Mobile Terminals
• Wearables
Applications Covered:
• Transportation
• Sports and Entertainment
• Parking
• Healthcare
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Smart Ticketing Market is majorly driven by growing adoption of contactless payments, affordable access to rapid transit with the help of smart transit systems and upsurge in the intelligent transportation market.
The sports and entertainment segment is growing at a highest CAGR owing to rising trend of adopting mobile ticketing in stadiums which facilitate mobile access provisions to fans while entering into the arena.
Asia Pacific dominated with a significant market share due to the factors such as robust economic development, the surge in population, and fast urbanization across the region.
Europe market is growing at a highest CAGR owing to the high rate of adoption of the smart ticketing system in the region.
Key players in Smart Ticketing Market include ACT, Atsuke, Cammax, Conduent, Confidex, Corethree, Cubic Corporation, Flowbird Group, HID Global, Hitachi Rail, IDEMIA, Indra, Infineon Technologies, Masabi, NXP Semiconductors, PayiQ, Scheidt & Bachmann, Siemens, Thales, and Xerox Corporation.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Ticketing Market, By Connectivity
5.1 Introduction
5.2 Barcode
5.3 Cellular Network
5.4 Near Field Communication (NFC)
5.5 Open Payment System
5.6 Radio-frequency Identification (RFID)
5.7 Wireless Fidelity (Wi-Fi)
6 Global Smart Ticketing Market, By Offering
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
6.4.1 Consulting
6.4.2 Implementation
6.4.3 Support and Maintenance
7 Global Smart Ticketing Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Mid-size Enterprise (SME)
8 Global Smart Ticketing Market, By Component
8.1 Introduction
8.2 Electronic (E)-Kiosk
8.3 Electronic (E)-Ticket
8.4 Electronic (E)-Toll
8.5 Point of Sale (POS) Terminals
8.6 Request Tracker
8.7 Smart Cards
8.8 Smart Card Readers
8.9 Ticket Validators
8.10 Ticketing Machine/Smart Ticketing Kiosk
8.11 Ticketing Mobile Terminals
8.12 Wearables
9 Global Smart Ticketing Market, By Application
9.1 Introduction
9.2 Transportation
9.2.1 Roadways
9.2.2 Railways
9.2.3 Airways
9.3 Sports and Entertainment
9.4 Parking
9.5 Healthcare
10 Global Smart Ticketing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ACT
12.2 Atsuke
12.3 Cammax
12.4 Conduent
12.5 Confidex
12.6 Corethree
12.7 Cubic Corporation
12.8 Flowbird Group
12.9 HID Global
12.10 Hitachi Rail
12.11 IDEMIA
12.12 Indra
12.13 Infineon Technologies
12.14 Masabi
12.15 NXP Semiconductors
12.16 PayiQ
12.17 Scheidt & Bachmann
12.18 Siemens
12.19 Thales
12.20 Xerox Corporation
List of Tables
1 Global Smart Ticketing Market Outlook, By Region (2019-2028) ($MN)
2 Global Smart Ticketing Market Outlook, By Connectivity (2019-2028) ($MN)
3 Global Smart Ticketing Market Outlook, By Barcode (2019-2028) ($MN)
4 Global Smart Ticketing Market Outlook, By Cellular Network (2019-2028) ($MN)
5 Global Smart Ticketing Market Outlook, By Near Field Communication (NFC) (2019-2028) ($MN)
6 Global Smart Ticketing Market Outlook, By Open Payment System (2019-2028) ($MN)
7 Global Smart Ticketing Market Outlook, By Radio-frequency Identification (RFID) (2019-2028) ($MN)
8 Global Smart Ticketing Market Outlook, By Wireless Fidelity (Wi-Fi) (2019-2028) ($MN)
9 Global Smart Ticketing Market Outlook, By Offering (2019-2028) ($MN)
10 Global Smart Ticketing Market Outlook, By Hardware (2019-2028) ($MN)
11 Global Smart Ticketing Market Outlook, By Software (2019-2028) ($MN)
12 Global Smart Ticketing Market Outlook, By Services (2019-2028) ($MN)
13 Global Smart Ticketing Market Outlook, By Consulting (2019-2028) ($MN)
14 Global Smart Ticketing Market Outlook, By Implementation (2019-2028) ($MN)
15 Global Smart Ticketing Market Outlook, By Support and Maintenance (2019-2028) ($MN)
16 Global Smart Ticketing Market Outlook, By Organization Size (2019-2028) ($MN)
17 Global Smart Ticketing Market Outlook, By Large Enterprises (2019-2028) ($MN)
18 Global Smart Ticketing Market Outlook, By Small and Mid-size Enterprise (SME) (2019-2028) ($MN)
19 Global Smart Ticketing Market Outlook, By Component (2019-2028) ($MN)
20 Global Smart Ticketing Market Outlook, By Electronic (E)-Kiosk (2019-2028) ($MN)
21 Global Smart Ticketing Market Outlook, By Electronic (E)-Ticket (2019-2028) ($MN)
22 Global Smart Ticketing Market Outlook, By Electronic (E)-Toll (2019-2028) ($MN)
23 Global Smart Ticketing Market Outlook, By Point of Sale (POS) Terminals (2019-2028) ($MN)
24 Global Smart Ticketing Market Outlook, By Request Tracker (2019-2028) ($MN)
25 Global Smart Ticketing Market Outlook, By Smart Cards (2019-2028) ($MN)
26 Global Smart Ticketing Market Outlook, By Smart Card Readers (2019-2028) ($MN)
27 Global Smart Ticketing Market Outlook, By Ticket Validators (2019-2028) ($MN)
28 Global Smart Ticketing Market Outlook, By Ticketing Machine/Smart Ticketing Kiosk (2019-2028) ($MN)
29 Global Smart Ticketing Market Outlook, By Ticketing Mobile Terminals (2019-2028) ($MN)
30 Global Smart Ticketing Market Outlook, By Wearables (2019-2028) ($MN)
31 Global Smart Ticketing Market Outlook, By Application (2019-2028) ($MN)
32 Global Smart Ticketing Market Outlook, By Transportation (2019-2028) ($MN)
33 Global Smart Ticketing Market Outlook, By Roadways (2019-2028) ($MN)
34 Global Smart Ticketing Market Outlook, By Railways (2019-2028) ($MN)
35 Global Smart Ticketing Market Outlook, By Airways (2019-2028) ($MN)
36 Global Smart Ticketing Market Outlook, By Sports and Entertainment (2019-2028) ($MN)
37 Global Smart Ticketing Market Outlook, By Parking (2019-2028) ($MN)
38 Global Smart Ticketing Market Outlook, By Healthcare (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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