Smart Ticketing Market Overview:
Smart ticketing is a paper free alternative to the traditional ticketing system which electronically stores a ticket on a microchip embedded on a smartcard. Prominent advantages of using smart ticking system include fraud safety, providing passengers with credit or pre-booking facilities and helps in eliminating wastage of time standing in long queue. Further, smart ticketing system helps the operators to offer customized tickets which suits the requirement of a wide range of individuals and cater to their requirements. Also, the rapid adoption of smart technologies and increasing implementations of smart ticketing are other factors driving the growth of smart ticketing market. Rising application in travel and tourism industry and the user friendly and ease of accessibility promotes the use of smart ticketing by people from all age group.
However, high setup cost and a centralized operating unit for operating the smart ticketing system to operate effectively are some of the restraining factors hindering the growth of the smart ticketing market. Further, demonetization policies and encouragement of cashless transactions by government of various countries is creating opportunities for the smart ticking market.
The Smart Ticketing Market has been segmented based on component, product, system and application. The product segment is further sub-segmented into e-toll, e-ticket, smart parking system, request tracker, e-kiosk and others. Out of these, the e-kiosk segment is expected to grow at the highest rate during the forecast period. It helps in reducing the time taken in manual operations and hence proves to be very efficient during peak hours. Ticket machine is the oldest form of smart ticketing and helps in managing the flow of passengers during peak hours and is expected to hold the largest market share in the product segment, during the forecast period.
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Major Key Players:
The prominent players in the Smart-Ticketing market are – Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (U.S.), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France), Xerox Corporation (US), Confidex Ltd. (Finland), Cubic Corporation (US), ASK (France) and others are profiled in Market Research Future analysis and are at the forefront of competition in the global smart-ticketing market.
Key players in the market include Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (US), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France) and many others.
April 18, Masabi and Chalo target Indian transport ticketing market
Masabi and Chalo announced its partnership to offer mobile fare collection and journey planning technology in the Indian market. Transport operators using the system would gain access to passenger and real-time vehicle information, helping them optimize services across their networks.
November 18, Bilbao selects Masabi for contactless ticketing
Masabi, recently announced that it is adding new contactless EMV ticketing capabilities to its Justride fare collection platform at Smart City Expo in Barcelona.
November 18, Scotland spending £1m on contactless bus ticketing
Scottish government announced that it will be funding an amount of £1m on contactless bus ticketing to support smaller bus operators in accepting contactless bank payments.
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Smart-Ticketing Market Global Market Segmentation Segmentation by component:
Software, HardwarePOS terminal equipment, cards & microchips and card reader
- Segmentation by product: ticket machine, e-ticket, e-kiosk, smart parking system, e-toll, request tracker and others
- Segmentation by system: smart card, open payment system and near field communication system
- Segmentation by application: railways & metros, sports & entertainment, airlines, buses and others
- Segmentation by region: North America, Europe, Asia-Pacific and rest of the world
Smart Ticketing Market Market Regional Analysis:
The regional analysis of Smart-Ticketing market is studied for North America, Europe, Asia-Pacific and rest of the world.
Europe is expected to dominate the smart ticketing market owing to the high rate of adoption of the smart ticketing system in Germany, U.K. and Sweden in their public transportation network which has enabled the region to gain the largest market share. Also, Asia Pacific is expected to be an attractive market for key stakeholders in the years to come.
- Technology investors
- Integrated device manufacturers (IDMs)
- Original equipment manufacturers (OEMs)
- Research/Consultancy firms
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Smart Ticketing Market, By Component
Table 2 Smart Ticketing Market, By Product
Table 3 Smart Ticketing Market, By System
List of Figures
Figure 1 Research Type
Figure 2 Smart Ticketing Market, By Component (%)
Figure 3 Smart Ticketing Market, By Product (%)
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