ABI Research views multi-protocol support as a positive enabler, opening a multitude of payment choices on mass transit systems, as well as driving competition between suppliers. Although multi-protocol support may drive down costs, it could equally be leveraged to enable next-generation technologies, with one protocol used on the traditional smart card form factor and another used for mobile.
Next-generation contactless ticketing technologies that continue to gain momentum include Be-In-Be-Out (BIBO), mobile, wearable devices, HCE (Host Card Emulation), and account-based ticketing. Companies such as Cubic, G&D, Gemalto, Infineon, Masabi, NXP, Oberthur Technologies, and Rambus Ecebs are pioneering these advances and pushing forward the boundaries of contactless ticketing. The technologies help reduce issuance and the associated management costs, as well as diversify transportation authorities' abilities to launch new and innovative services, ultimately leading to new green field revenue opportunities.
"The real question is whether next-generation contactless ticketing technologies will prove a disruptive threat to the traditional smart card landscape or perhaps complement it," concludes Sealy. "Today, it is the latter with transportation authorities exploring and deploying new ticketing options alongside existing infrastructure. Having said this, the end game is cost reduction. Vendors need to prepare by adjusting product portfolios and support to ensure that they maintain established traditional smart card solutions, while also emphasizing development into new technologies that will transform tomorrow's market landscape."
These findings are from ABI Research's Contactless Ticketing Smart Card Technologies (https://www.abiresearch.com/market-research/product/1022852-contactless-ticketing-smart-card-technolog/) and Contactless Ticketing Secure IC Technologies (https://www.abiresearch.com/market-research/product/1022847-contactless-ticketing-secure-ic-technologi/) reports.
About ABI Research
ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
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SOURCE ABI Research