http://addurl.nu

Monday, 11 March 2019

Smart Ticketing Market Research Report and Forthcoming Development by 2023


[3/11/2019]:  The global smart ticketing market is expected to display higher growth rate over the next seven years. Rapid surge in smart ticketing industry is credited to the booming travel & tourism sector, and increasing adoption in public transportation sector. Recent technological advancements in public transportation sector, and deployment of smart ticketing schemes by local governments to improve existing ticketing systems in roadways, railways, and airways are further propelling the market growth of smart ticketing over the past few years. Globally, smart ticketing market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of smart ticketing solutions.

Smart Ticketing Market


Several advantages of implementing smart ticketing solutions include safety from fraud, offering users with credit or pre-loaded ride travels, availability of booking an advance travel, and elimination of long queue. These factors are fostering the market demand for smart ticketing solutions over the past few years. Furthermore, smart ticketing system allows the operators to deploy personalized or customized tickets that suits the requirement of the company. Smart ticketing system caters to a wide range of individuals and deliver tailor-made ticketing solutions. Smart ticketing system consists of the microchip on which a ticket is stored. These microchips are embedded in a smartcard.


The smart ticketing industry is broadly categorized into three major segments based on the application type such as transportation industry, sports sector and entertainment industry. Transportation industry segment is growing rapidly in the smart ticketing market with substantial revenue generation in the last few years. Growing popularity of smart ticketing systems in transportation industry segment is attributed to the rising demand from public transportation services including roadways, railways, and airways.

The smart ticketing industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in transportation sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, Spain, and United Kingdom are projected to witness steady growth.

The key players in the smart ticketing industry are Cubic Corp., Infineon Technologies AG, Conduent, Inc., Vix Technology Co., Rambus, Inc., HID Global LLC, Gemalto Co., Giesecke+Devrient GmbH, Confidex Ltd., Inside Secure S.A., Indra Sistemas S.A., Paragon ID Co., Scheidt & Bachmann Co., CGI Group, Inc., Masabi Ltd., Cityway Group, Smart Card IT Solutions, Xiamen Innov Information Technology Co., Ltd., and Softjourn, Inc.


For More Details Visit @ million insights




No comments:

New Energy Vehicle Battery Market Growth Prospects and Revenue Forecast to 2023

Global new energy vehicle battery market is expected to grow significantly in the forecast period owing to high demand for passenger car...