Smart Ticketing Market

Smart Ticketing Market by Systems (Smart Card, Open Payment System, and Near-field Communication), Components (Software, Hardware, and Services), Products (E-ticket, Request Tracker, Ticket Machine, E-kiosk, E-toll, Smart Parking System, Ticket Validators, and Others), End-users (Parking, Transportation, Sports & Entertainment, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2021 – 2028

  • Report ID: ICT-SE-2965
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 180
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The global smart ticketing market size is expected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing need for fast, safe, and efficient ticketing services for various events.

Smart Ticketing Market Key Takeaways

Smart ticketing is a type of ticketing system wherein a travel ticket is electronically stored on a smartphone or a smartcard. This system essentially allows the users to skip visiting the ticket counter at the station for getting tickets. Users can additionally buy tickets for a specific period in advance or load credit onto their account. Such ticketing system is widely applied for various purposes especially for sport events, parking tokens, and other transport related fields.

The COVID-19 pandemic has forced several governments around the world to impose emergency lockdown and close down offices, schools, and colleges. As a result, the dependence upon online platforms by businesses has increased dramatically for executing their various tasks and performing several functions. Moreover, increasing use of internet and mobile telecommunication platforms for daily business operations has ultimately led to increase online transactions.

Market Drivers, Restraints and Opportunities

  • Cost-effectiveness of smart ticketing and massive convenience for maintenance of various tasks related to the auto and transportation sector are major driving factors of the market.
  • Increasing efficiency of Artificial Intelligence (AI) and wide integration of advanced technologies for the ticketing system are another major drivers of the market.
  • Growing number of sports’ events across the globe and rising number of fan based of several sport games present a key factor boosting the market.
  • Threat of cyber-attacks and increasing concerns regarding data manipulations are major challenges that can hamper the market growth during the targeted period.
  • Increasing demand for fast and efficient ticketing services to avoid long queue and hassle processes is expected to create lucrative opportunities of the market during the forecast period.

Scope of the Report

The report on the global smart ticketing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Ticketing Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Systems (Smart Card, Open Payment System, and Near-field Communication), Components (Software, Hardware, and Services), Products (E-ticket, Request Tracker, Ticket Machine, E-kiosk, E-toll, Smart Parking System, Ticket Validators, and Others), and End-users (Parking, Transportation, Sports & Entertainment, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Giesecke & Devrient GmbH; Infineon Technologies AG; CPI Card Group Inc.; NXP Semiconductors; Cubic Corporation; Confidex Ltd.; and Gemalto NV.

Market Segment Insights

NFC segment to grow at a considerable pace

Based on the systems, the market is divided into smart card, open payment system, and Near-field Communication (NFC). The smart card segment dominated the market in 2020 and is projected to account for large market share in the coming years due to the inflated use of on-line payment strategies. These cards alter customers’ preference as they provide reliable and secure payments. Moreover, continuous innovations for these cards facilitate safeguard of various payment services by preventing hacking or felony through card authentication and encryption. On the other hand, the near-field communication segment is expected to register high CAGR during the forecast timeline as the NFC systems guarantee a secure means to various payments.

Software segment is expected to hold major market share

On the basis of components, the global smart ticketing market is fragmented into software, hardware, and services. The software segment is expected to hold major market share during the forecast timeline as software package is widely used for managing open-end credit or sensible media lifecycle and applications. The services segment is anticipated to register a robust CAGR during the forecast period. Increasing digitalization in ticketing services to produce additional convenient travel expertise to passengers is anticipated to contribute to the segment expansion.

E-tickets segment provides enhanced security

Based on the products, the market is segmented into e-ticket, request tracker, ticket machine, e-kiosk, e-toll, smart parking system, ticket validators, and others. The e-ticket segment is anticipated to constitute a dominant market share in the coming years due to the widespread use of e-tickets in sports events. E-tickets provide high security as compared to normal paper tickets.

Smart Ticketing Market By Products

Sports & entertainment segment to account for substantial market share

Based on end-use, the global smart ticketing market has been divided into parking, transportation, sports & entertainment, and others. The sports & entertainment segment is projected to account for substantial market share in the coming years owing to rising number of sports events and wide adoption of e-ticketing system for booking tickets for entertainment houses. During the sports events, smart ticketing methods are extensively adopted to allow convenient and hassle-free options for buying tickets.

Market of Europe to exhibit huge growth rate

In terms of regions, the global smart ticketing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe dominated the market in 2018 with market size of USD 5.21 billion and is anticipated to exhibit huge growth rate in the coming years as governments in the region are specializing in sustainable transport policies and wide adoption of smart ticketing system in public transit. The consolidation of the European market is further attributed to the presence of distinguished market players such as Giesecke & Devrient GmbH, Gemalto NV, and Infineon Technologies AG. The Asia Pacific market, however, is expected to register a fast-growth rate during the forecast period. Various market players are introducing good ticketing solutions within the region, thanks to increasing government initiatives to use digital payment in rising countries such as China and India.

Segments

The global smart ticketing market has been segmented on the basis of

Systems

  • Smart Card
  • Open Payment System
  • Near-field Communication

Components

  • Software
  • Hardware
  • Services

Products

  • E-ticket
  • Request Tracker
  • Ticket Machine
  • E-kiosk
  • E-toll
  • Smart Parking System
  • Ticket Validators
  • Others

End-users

  • Parking
  • Transportation
  • Sports & Entertainment
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Giesecke & Devrient GmbH
  • Infineon Technologies AG
  • CPI Card Group Inc.
  • NXP Semiconductors
  • Cubic Corporation
  • Confidex Ltd.
  • Gemalto NV

Competitive Landscape

Key players competing in the global smart ticketing market are Giesecke & Devrient GmbH; Infineon Technologies AG; CPI Card Group Inc.; NXP Semiconductors; Cubic Corporation; Confidex Ltd.; and Gemalto NV. Market players are focusing on increasing their presence in the regional markets by offering integrated payment solutions and through strategic partnerships.

Smart Ticketing Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Ticketing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Ticketing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Ticketing Market - Supply Chain
  4.5. Global Smart Ticketing Market Forecast
     4.5.1. Smart Ticketing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Ticketing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Ticketing Market Absolute $ Opportunity
5. Global Smart Ticketing Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Smart Ticketing Market Size and Volume Forecast by End Users
     5.3.1. Parking Transportation Sports & Entertainment Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Smart Ticketing Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Ticketing Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Ticketing Demand Share Forecast, 2019-2026
7. North America Smart Ticketing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Ticketing Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Ticketing Market Size and Volume Forecast by End Users
     7.4.1. Parking Transportation Sports & Entertainment Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Ticketing Demand Share Forecast, 2019-2026
8. Latin America Smart Ticketing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Ticketing Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Ticketing Market Size and Volume Forecast by End Users
     8.4.1. Parking Transportation Sports & Entertainment Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Ticketing Demand Share Forecast, 2019-2026
9. Europe Smart Ticketing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Ticketing Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Ticketing Market Size and Volume Forecast by End Users
     9.4.1. Parking Transportation Sports & Entertainment Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Ticketing Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Ticketing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Ticketing Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Ticketing Market Size and Volume Forecast by End Users
     10.4.1. Parking Transportation Sports & Entertainment Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Ticketing Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Ticketing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Ticketing Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Ticketing Market Size and Volume Forecast by End Users
     11.4.1. Parking Transportation Sports & Entertainment Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Ticketing Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Ticketing Market: Market Share Analysis
  12.2. Smart Ticketing Distributors and Customers
  12.3. Smart Ticketing Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Giesecke & Devrient GmbH Infineon Technologies AG CPI Card Group Inc. NXP Semiconductors Cubic Corporation Confidex Ltd.  

The global smart ticketing market has been segmented on the basis of

Systems

  • Smart Card
  • Open Payment System
  • Near-field Communication

Components

  • Software
  • Hardware
  • Services

Products

  • E-ticket
  • Request Tracker
  • Ticket Machine
  • E-kiosk
  • E-toll
  • Smart Parking System
  • Ticket Validators
  • Others

End-users

  • Parking
  • Transportation
  • Sports & Entertainment
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Giesecke & Devrient GmbH
  • Infineon Technologies AG
  • CPI Card Group Inc.
  • NXP Semiconductors
  • Cubic Corporation
  • Confidex Ltd.
  • Gemalto NV

Key players competing in the global smart ticketing market are Giesecke & Devrient GmbH; Infineon Technologies AG; CPI Card Group Inc.; NXP Semiconductors; Cubic Corporation; Confidex Ltd.; and Gemalto NV. Market players are focusing on increasing their presence in the regional markets by offering integrated payment solutions and through strategic partnerships.

Smart Ticketing Market By Key Players

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