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Table of Contents
Smart ticketing system includes entitlement to travel i.e. ticket is stored electronically on a microchip rather than being printed on a paper ticket. In most smart ticketing systems, the microchip on which a ticket is stored is embedded in a smartcard. Hence, smart ticketing schemes are often known as smartcard schemes, although smart ticketing scheme includes far more functionality than the smartcard. Smart ticketing uses the Government backed Integrated Transport Smartcard Organisation (ITSO) specification to allow seamless travel between, and within, cities and regions with different modes of transport.
The key benefits of smart ticketing include:
North America leading the Market with highest number Smart Ticketing system installed in 2023. Europe has shown tremendous growth as more public transportation systems are adapting Smart Ticketing software technique. It will deliver every passenger to have the choice of travelling without a paper ticket, mobile barcode ticketing will be rolled-out on every rail franchise in Great Britain, passengers will be able to have smart cards hosted on their mobile phone – like a digital travel card. Asia- Pacific, Africa and Middle east Smart Ticketing Market is expected to grow at constant rate.
In smart ticketing system is most integral and important component. The software interface of a smart ticketing system is comparatively expensive, and it is integrated with payment gateways as well with devices such as smartphones and card readers through servers. Hence, these software requires regular updation which increases the overall costing of system. In terms of application, the railways and metros has successfully adapted smart ticketing system with high number of transactions. Smart ticketing system is also getting adopted in airlines system with advantage of allowing airport authority to handle the critical operations at peak hours.
Smart Ticketing Market : Ticket System
Smart Ticketing Market: System Components
Smart Ticketing Market : Application
Global Smart Ticketing Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Smart Ticketing Market:
Geographical analysis of Smart Ticketing Market:
Global Smart Ticketing Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 9895.97 million |
Forecast Value (2031) |
USD 17292.49 million |
CAGR (2025-2030) |
8.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Smart Ticketing Market was valued at around USD 9895.97 million in 2023 & estimated to reach USD 17292.49 million by 2030.
Smart Ticketing Market is likely to grow at Compound Annual Growth Rate (CAGR) of 8.3% between 2024 to 2030.
Smart Ticketing Market is dominated by the E-Kiosk segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Smart Ticketing Market are HID (U.S.), Gemalto NV (Netherlands), NXP Semiconductors (U.S.), CPI Card Group (U.S.), Cubic (U.S.), Xerox (U.S.).
Primary driving factors for the growth of the Smart Ticketing Market include Allowing passengers to load tickets or credit in advance of travel, speeding up boarding times and reducing queuing.
Yes, the report includes COVID 19 impact on the market.
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