The global smart ticketing market is expected to grow from USD 7 billion in 2020 to USD 21.41 billion by 2028, at a CAGR of 15% during the forecast period 2021-2028.
The increased requirement for access to the intelligent transit system has led to an increased in smart ticketing demand. The smart ticketing market replaces paper tickets and also provides tourism and transit industries with breakthroughs. The growth in global smart ticketing is projected to have an impact on the increasing demand for speedy access to movies, parks, and theatres. The impact of loss and theft of revenue led to the implementation of technology features such as intelligent locking technology by manufacturers on a global market. In addition to the intelligent security certification, the smart ticketing systems have waterproof capabilities, which mean that the ticket's life duration is comparatively longer than that of the normal paper ticket. To boost their client base, manufacturers are progressively integrating smart technology into smart ticketing market. In addition, the use of the intelligent ticketing system will further rise in numerous industries, together with characteristics such as a fingerprint identification algorithm and ultra-touch fingerprint sensors. Smart ticketing is the billing/ticketing system in which a travel preference (a ticket), instead of being issued as a paper ticket, is saved electronically on a microchip. The microchip on which a ticket is kept is incorporated in a smartcard in most intelligent ticket schemes. For this reason, intelligent ticketing schemes are commonly called smart card schemes, however, this app extends well beyond smart cards. Smart ticketing uses the government-supported ITSO specification to provide seamless travel in various modes of transport, intra-regional as well as inter-regional. It is quicker, more efficient, and saves a great deal of paperwork.
This study delivers a comprehensive analysis of component, product, application and regions. The component segment includes hardware, software, and service system. Among these, the services segment accounts for a significant share of 34%. Increased digitization of passenger transport services will help to the expansion of the service segment over the forecast period to offer passengers a more convenient travel experience. The product segment includes e-ticket, and smart parking system. Out of the three, the smart parking system segment holds majority of the shares of 56.12%. Increasing progress in smart parking systems allowed drivers to pay parking costs using smart cards. The application segment includes parking and transportation (roadways, railways, and airways), and sports and entertainment. The sport and entertainment segment dominates the market in terms of shares of 55.46%. Various event organizers in the sports business are focused on improving the ticketing experience of participants by giving convenient, unforgettable solutions.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds majority of the market share. The increase in demand for commercial facilities in countries like India and China is the major reason for the market growth of smart ticketing market. The ticketing market activities are increasing in order to sustain the growing economy.
Some of the notable players in the smart ticketing market are Indra, Infineon Technologies , INIT, Conduent, Confidex, Corethree, Cubic, Flowbird Group, Giesecke+Devrient, HID Global, Hitachi Rail, IDEMIA, ACT, Atsuke, Cammax, and others.
Global Smart Ticketing Market Analysis And Forecast, By Component
Global Smart Ticketing Market Analysis And Forecast, By Product
Global Smart Ticketing Market Analysis And Forecast, By Application
Global Smart Ticketing Market Analysis And Forecast, By Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Affordable access to rapid transit with the help of smart transit systems
5.2.2. Huge demand for smart ticketing from sports, entertainment, and tourism industries
5.3. Restraints
5.3.1. High setup costs for smart ticketing systems
5.3.2. Centralized framework of smart ticketing systems
5.4. Opportunities
5.4.1. Use of block chain to boost the smart ticketing industry
5.5. Challenges
5.5.1. Data safety and security issues
5.5.2. Designing an open architecture
6. Global Smart Ticketing Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Hardware
6.3. Software
6.4. Service
7. Global Smart Ticketing Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. E-Ticket
7.3. Smart Parking System
8. Global Smart Ticketing Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Parking and Transportation
8.2.1. Roadways
8.2.2. Railways
8.2.3. Airways
8.3. Sports and Entertainment
9. Global Smart Ticketing Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Smart Ticketing Market -Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Smart Ticketing Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Indra
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Infineon Technologies
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. INIT
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Conduent
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Confidex
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Corethree
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Cubic
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Flowbird Group
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Giesecke+Devrient
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. HID Global
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Hitachi Rail
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. IDEMIA
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. ACT
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Atsuke
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Cammax
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Smart Ticketing Market , By Component , 2021-2028 (USD Million)
2. Global Hardware, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
3. Global Software, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
4. Global Service, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
5. Global Smart Ticketing Market , By Product , 2021-2028 (USD Million)
6. Global E-Ticket, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
7. Global Smart Parking System, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
8. Global Smart Ticketing Market , By Application, 2021-2028 (USD Million)
9. Global Parking and Transportation, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
10. Global Sports and Entertainment, Smart Ticketing Market , By Region, 2021-2028 (USD Million)
11. North America Smart Ticketing Market , By Component , 2021-2028 (USD Million)
12. North America Smart Ticketing Market , By Product , 2021-2028 (USD Million)
13. North America Smart Ticketing Market , By Application, 2021-2028 (USD Million)
14. U.S. Smart Ticketing Market , By Component , 2021-2028 (USD Million)
15. U.S. Smart Ticketing Market , By Product , 2021-2028 (USD Million)
16. U.S. Smart Ticketing Market , By Application, 2021-2028 (USD Million)
17. Canada Smart Ticketing Market , By Component , 2021-2028 (USD Million)
18. Canada Smart Ticketing Market , By Product , 2021-2028 (USD Million)
19. Canada Smart Ticketing Market , By Application, 2021-2028 (USD Million)
20. Mexico Smart Ticketing Market , By Component , 2021-2028 (USD Million)
21. Mexico Smart Ticketing Market , By Product , 2021-2028 (USD Million)
22. Mexico Smart Ticketing Market , By Application, 2021-2028 (USD Million)
23. Europe Smart Ticketing Market , By Component , 2021-2028 (USD Million)
24. Europe Smart Ticketing Market , By Product , 2021-2028 (USD Million)
25. Europe Smart Ticketing Market , By Application, 2021-2028 (USD Million)
26. Germany Smart Ticketing Market , By Component , 2021-2028 (USD Million)
27. Germany Smart Ticketing Market , By Product , 2021-2028 (USD Million)
28. Germany Smart Ticketing Market , By Application, 2021-2028 (USD Million)
29. France Smart Ticketing Market , By Component , 2021-2028 (USD Million)
30. France Smart Ticketing Market , By Product , 2021-2028 (USD Million)
31. France Smart Ticketing Market , By Application, 2021-2028 (USD Million)
32. U.K. Smart Ticketing Market , By Component , 2021-2028 (USD Million)
33. U.K. Smart Ticketing Market , By Product , 2021-2028 (USD Million)
34. U.K. Smart Ticketing Market , By Application, 2021-2028 (USD Million)
35. Italy Smart Ticketing Market , By Component , 2021-2028 (USD Million)
36. Italy Smart Ticketing Market , By Product , 2021-2028 (USD Million)
37. Italy Smart Ticketing Market , By Application, 2021-2028 (USD Million)
38. Spain Smart Ticketing Market , By Component , 2021-2028 (USD Million)
39. Spain Smart Ticketing Market , By Product , 2021-2028 (USD Million)
40. Spain Smart Ticketing Market , By Application, 2021-2028 (USD Million)
41. Asia Pacific Smart Ticketing Market , By Component , 2021-2028 (USD Million)
42. Asia Pacific Smart Ticketing Market , By Product , 2021-2028 (USD Million)
43. Asia Pacific Smart Ticketing Market , By Application, 2021-2028 (USD Million)
44. Japan Smart Ticketing Market , By Component , 2021-2028 (USD Million)
45. Japan Smart Ticketing Market , By Product , 2021-2028 (USD Million)
46. Japan Smart Ticketing Market , By Application, 2021-2028 (USD Million)
47. China Smart Ticketing Market , By Component , 2021-2028 (USD Million)
48. China Smart Ticketing Market , By Product , 2021-2028 (USD Million)
49. China Smart Ticketing Market , By Application, 2021-2028 (USD Million)
50. India Smart Ticketing Market , By Component , 2021-2028 (USD Million)
51. India Smart Ticketing Market , By Product , 2021-2028 (USD Million)
52. India Smart Ticketing Market , By Application, 2021-2028 (USD Million)
53. South America Smart Ticketing Market , By Component , 2021-2028 (USD Million)
54. South America Smart Ticketing Market , By Product , 2021-2028 (USD Million)
55. South America Smart Ticketing Market , By Application, 2021-2028 (USD Million)
56. Brazil Smart Ticketing Market , By Component , 2021-2028 (USD Million)
57. Brazil Smart Ticketing Market , By Product , 2021-2028 (USD Million)
58. Brazil Smart Ticketing Market , By Application, 2021-2028 (USD Million)
59. Middle East and Africa Smart Ticketing Market , By Component , 2021-2028 (USD Million)
60. Middle East and Africa Smart Ticketing Market , By Product , 2021-2028 (USD Million)
61. Middle East and Africa Smart Ticketing Market , By Application, 2021-2028 (USD Million)
62. UAE Smart Ticketing Market , By Component , 2021-2028 (USD Million)
63. UAE Smart Ticketing Market , By Product , 2021-2028 (USD Million)
64. UAE Smart Ticketing Market , By Application, 2021-2028 (USD Million)
65. South Africa Smart Ticketing Market , By Component , 2021-2028 (USD Million)
66. South Africa Smart Ticketing Market , By Product , 2021-2028 (USD Million)
67. South Africa Smart Ticketing Market , By Application, 2021-2028 (USD Million)
List of Figures
1. Global Smart Ticketing Market Segmentation
2. Global Smart Ticketing Market : Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Smart Ticketing Market Attractiveness Analysis By Component
9. Global Smart Ticketing Market Attractiveness Analysis By Product
10. Global Smart Ticketing Market Attractiveness Analysis By Application
11. Global Smart Ticketing Market Attractiveness Analysis By Region
12. Global Smart Ticketing Market : Dynamics
13. Global Smart Ticketing Market Share By Component (2021 & 2028)
14. Global Smart Ticketing Market Share By Product (2021 & 2028)
15. Global Smart Ticketing Market Share By Application (2021 & 2028)
16. Global Smart Ticketing Market Share By End-user (2021 & 2028)
17. Global Smart Ticketing Market Share By Regions (2021 & 2028)
18. Global Smart Ticketing Market Share By Company (2020)
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