Smart Ticketing Market Growth Analysis To 2026, Outlook and Forecast Report
The Smart Ticketing Market may grow over USD 20 billion by 2026. Rising digitalization and infrastructure development activities will have a positive impact on this market outlook by 2026. Advanced digital technologies are increasingly being utilized by transport authorities to improve customer experience as well as streamline overall operations. Authorities are using the software to centrally manage all data linked with travel statistics of customers and payment transactions.
This software also help in analyzing traffic periods, passenger volume and other available resources to enable better scheduling of buses and trains. Smart ticketing can help increase the speed of boarding times, allow passengers to book tickets in advance and decrease the queue time. Companies offering solutions and services are developing advanced technologies to help improve user experience.
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The smart ticketing market is divided into request tracker, smart cards, smart card readers, ticketing mobile terminals, ticket validators, e-toll and kiosk. Of these, the ticket validators segment is witnessing robust demand owing to rising automation in the transport sector. Ticket validators read smart cards and provide support to the fare applications.
In terms of connectivity, the smart ticketing market is bifurcated into barcode, Wi-Fi, RFID, near field communication (NFC), and cellular network. Out of these, the RFID-based segment is likely to grow substantially over the forecast period.
This system validates user identity easily and allows customers to travel using RFID tags, which means they do not have to pay daily for travel, thus enabling convenient and hassle-free journeys. These tags contain all the details about customers, such as the discounts they have availed. Growing popularity of wireless digital technologies may boost overall market growth.
On a regional standpoint, the Middle East and Africa smart ticketing market is projected to record significant revenue proceeds owing to increasing infrastructure development projects executed across the region. Advanced technologies are being incorporated in the transport sector to support easy ticketing facility. For instance, in 2019, Digital Afrique Telecom (DAT) unveiled a smart card and ticketing system that aims at enabling Ivorian public transport users to board over 700 buses every day using contactless cards.
The Prominent Key Players in the smart ticketing market include CPI Card Group, Inc., Cubic Corporation, Gemalto NV (Thales Group), Giesecke & Devrient, GmbH, Infineon Technologies, Rambus, Inc., HID Global Corporation (ASSA Abloy AB)
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Table of Content
Chapter 7 Smart Ticketing Market, By Connectivity
7.1 Key trends, by connectivity
7.2 RFID
7.2.1 Market estimates and forecast, 2016 – 2026
7.3 Barcode
7.3.1 Market estimates and forecast, 2016 – 2026
7.4 Near field communication (NFC)
7.4.1 Market estimates and forecast, 2016 – 2026
7.5 Cellular network
7.5.1 Market estimates and forecast, 2016 – 2026
7.6 Wi–Fi
7.6.1 Market estimates and forecast, 2016 – 2026
Chapter 8 Smart Ticketing Market, By End–Use
8.1 Key trends, by end–use
8.2 Parking
8.2.1 Market estimates and forecast, 2016 – 2026
8.3 Sports and entertainment
8.3.1 Market estimates and forecast, 2016 – 2026
8.4 Transportation
8.4.1 Market estimates and forecast, 2016 – 2026
8.4.2 Roadways
8.4.2.1 Market estimates and forecast, 2016 – 2026
8.4.3 Railways
8.4.3.1 Market estimates and forecast, 2016 – 2026
8.4.4 Airways
8.4.4.1 Market estimates and forecast, 2016 – 2026
8.5 Others
8.5.1 Market estimates and forecast, 2016 – 2026
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