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Smart Ticketing Market Report by Product (Ticket Machine, E-Ticket, E-Kiosk, Request Tracker, and Others), Component (Software, Hardware), System (Open Payment System, Smart Card, Near-Field Communication), Application (Sports and Entertainment, Transportation, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112023A4821
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Market Overview:
The global smart ticketing market size reached US$ 19.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.3 Billion by 2032, exhibiting a growth rate (CAGR) of 9.78% during 2024-2032.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
|
2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 19.9 Billion |
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Market Forecast in 2032
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US$ 47.3 Billion |
| Market Growth Rate 2024-2032 | 9.78% |
Smart ticketing refers to a flexible, quick, convenient, contactless, and easy-to-use system that electronically stores travel tickets on a microchip embedded in a smartcard. It allows passengers to seamlessly travel on public transport like buses, trams, or trains without using traditional payment systems like cash or purchasing a paper ticket. Nowadays, several companies are offering the option to add multiple train tickets to a single smartcard, which can be used across multiple journeys and modes of transportation.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Smart Ticketing Market Trends:
Individuals nowadays prefer public transportation over private vehicles on account of traffic congestion and rising environmental concerns, which represents one of the key factors driving the market growth. Moreover, governing agencies of various countries are promoting developments in smart technology and ticketing arrangements across different types of mobility and public transport. They are also promoting modern fare management that is safe, secure, reliable, and convenient for travelers and operators. Apart from this, the emergence of an innovative open-loop concept that enables passengers to utilize their credit or debit cards or mobile devices with payment functionalities like wearables for ticket payments is also contributing to the market growth. This can also be accredited to the increasing demand for mobile apps and the growing use of digital bank cards. Moreover, integrating blockchain technology with smart ticketing can improve the passenger experience as it offers greater flexibility while minimizing paper ticket waste. Additionally, the coronavirus disease (COVID-19) outbreak, along with the revival of the travel and tourism industry, is catalyzing the demand for contactless smart ticketing solutions to prevent cross-infection. Besides this, leading players are focusing on providing smart ticketing solutions based on fingerprint recognition algorithms and ultra-touch fingerprint sensors, which is projected to create a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart ticketing market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, component, system and application.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Ticket Machine
- E-Ticket
- E-Kiosk
- Request Tracker
- Others
Breakup by Component:
- Software
- Hardware
Breakup by System:
- Open Payment System
- Smart Card
- Near-Field Communication
Breakup by Application:
- Sports and Entertainment
- Transportation
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Confidex Ltd., Cubic Corporation, Hid Global Corporation (Assa Abloy AB), Hitachi Ltd., Indra Sistemas S.A., Infineon Technologies AG, NXP Semiconductors N.V., Rambus Incorporated, Scheidt & Bachmann GmbH, Softjourn Inc., Thales Group and Verimatrix.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product, Component, System, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Confidex Ltd., Cubic Corporation, Hid Global Corporation (Assa Abloy AB), Hitachi Ltd., Indra Sistemas S.A., Infineon Technologies AG, NXP Semiconductors N.V., Rambus Incorporated, Scheidt & Bachmann GmbH, Softjourn Inc., Thales Group and Verimatrix. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global smart ticketing market was valued at US$ 19.9 Billion in 2023.
We expect the global smart ticketing market to exhibit a CAGR of 9.78% during 2024-2032.
The rising integration of blockchain technology with smart ticketing to improve the passenger experience, as it offers greater flexibility while minimizing paper ticket waste, is primarily driving the global smart ticketing market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of contactless smart ticketing solutions to combat the spread of the coronavirus infection upon human intervention.
Based on the product, the global smart ticketing market has been divided into ticket machine, e-ticket, e-kiosk, request tracker, and others. Among these, e-ticket currently exhibits a clear dominance in the market.
Based on the component, the global smart ticketing market can be categorized into software and hardware. Currently, software accounts for the majority of the global market share.
Based on the system, the global smart ticketing market has been segregated into open payment system, smart card, and near-field communication. Among these, near-field communication holds the largest market share.
Based on the application, the global smart ticketing market can be bifurcated into sports and entertainment, transportation, and others. Currently, transportation exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global smart ticketing market include Confidex Ltd., Cubic Corporation, Hid Global Corporation (Assa Abloy AB), Hitachi Ltd., Indra Sistemas S.A., Infineon Technologies AG, NXP Semiconductors N.V., Rambus Incorporated, Scheidt & Bachmann GmbH, Softjourn Inc., Thales Group, and Verimatrix.
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