DUBLIN, Dec. 5, 2018 /PRNewswire/ --
The "Smart Ticketing Market by Offering (Hardware, Software and Services), Application (Transportation (Roadways, Railways, Airways), Sports & Entertainment), Revenue Channel, Connectivity, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The smart ticketing market is expected to grow from USD 7.44 billion in 2017 to USD 20.40 billion by 2023, at a CAGR of 14.99% from 2018 to 2023.
The demand for this market is driven by factors such as affordable access to rapid transit systems; flourishing adoption of smart technologies; and huge demand from sports, entertainment, and transportation industries. In addition, the use of blockchain in the event ticketing industry may boost the growth of the smart ticketing market.
However, the requirement of high setup costs for smart ticketing systems may be a major restraint affecting the growth of the market. The market for the transportation application accounted for the largest share of ~75% of the overall smart ticketing market in 2017, and the sports and entertainment application is projected to grow at a higher CAGR of 17.64% during the forecast period. Increasing number of sports and entertainment events taking place worldwide is driving the growth of this market.
The value chain of the smart ticketing market is a broad network comprising an interconnection between various players operating in the market and the flow of solutions and services. For the supply-side analysis of the market, the important contributors to the market value chain include research and development, assembly and manufacturing, software development, marketing and sales, end users, and post-sales services.
Cubic Corporation (US), Infineon Technologies (Germany), Conduent (US), Vix Technology (Australia), Rambus (US), HID Global (US), Gemalto (Netherlands), Giesecke+Devrient (Germany), Indra Sistemas (Spain), Confidex (Finland), Inside Secure (France), Paragon ID (France), Scheidt & Bachmann (Germany), CGI Group (Canada), Masabi (UK), Cityway (France), Smart Card IT Solutions (India), Xminnov (China), Ticketer (UK), and Softjourn (US) are among the key companies operating in the market.
These players have adopted growth strategies such as joint ventures, acquisitions, expansions, contracts, collaborations, and product launches and developments to expand their presence globally and increase their share in the global smart ticketing market. For instance, in September 2018, Conduent (US) received a contract from NJ TRANSIT (US) to incorporate advanced payment technologies into NJ TRANSIT's fare payment system that will enable customers to tap and ride using their mobile devices and other cashless payment methods, such as contactless bank cards.
In June 2018, Cubic Corporation signed a contract with the Queensland Department of Transport & Main Roads (DTMR) (Australia) to provide a new ticketing system for the state. Cubic will be responsible for upgrading the current system to incorporate some of the world's most advanced ticketing technologies including contactless payment and next-generation real-time passenger information.
In March 2016, Infineon Technologies (Germany) in collaboration with Mobile Payment Solutions Co. Ltd (China) launched a series of NFC security modules that can support all kinds of smart wearables, along with the mobile payment functionality.
Key Topics Covered:
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Smart Ticketing Market
4.2 Smart Ticketing Market, By Offering and Revenue Channel
4.3 Smart Ticketing Market, By Application
4.4 Smart Ticketing Market, By Transportation Application
4.5 Smart Ticketing Market, By Region
5 Market Overview
5.1 Market Dynamics: Smart Ticketing Market
5.1.1 Drivers
5.1.1.1 Affordable Access to Rapid Transit With Help of Smart Transit Systems
5.1.1.2 Huge Demand for Smart Ticketing From Sports, Entertainment, and Tourism Industries
5.1.1.3 Use of Blockchain Will Boost Smart Ticketing Industry
5.1.1.4 Advanced Technologies in the Smart Ticketing Systems
5.1.1.5 Upsurge in Intelligent Transportation Market
5.1.2 Restraints
5.1.2.1 High Setup Costs for Smart Ticketing Systems
5.1.2.2 Centralized Framework of Smart Ticketing Systems
5.1.3 Opportunities
5.1.3.1 Increased Number of Cashless Transactions
5.1.4 Challenges
5.1.4.1 Data Safety and Security Issues
5.1.4.2 Designing an Open Architecture
6 Smart Ticketing Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Smart Cards
6.2.1.1 Chip-Based Rfid
6.2.1.1.1 Highly Sophisticated and Secured Features of Chip-Based Rfid Smart Cards are Propelling the Deployment Among Users Across the Globe
6.2.1.2 Chipless Rfid
6.2.1.2.1 Chipless Rfid Smart Cards are Largely Used in Transportation Applications
6.2.2 Wearables
6.2.2.1 Wearable Devices Have Witnessed Increased Adoption in Smart Ticketing Market Owing to the Factors Such as Ease of Use and Convenience
6.2.3 Ticketing Mobile Terminals/Ticketing Machines
6.2.3.1 Ticketing Mobile Terminals/ Ticketing Machines Can Manage Flow of Passengers and Maintain the Passengers' Data With Backup
6.2.4 Readers
6.2.4.1 Readers Help to Read the Data on Smart Cards and Identify Correct Person By Matching Details
6.2.5 Validators
6.2.5.1 Validators are Responsible to Carry Out Fare Collection Process in the Smart Ticketing System
6.3 Software & Services
6.3.1 Software & Services Market is Growing Owing to the Increasing Adoption of Digital Framework for Public Transportation
7 Smart Ticketing Market, By Connectivity
7.1 Introduction
7.2 Near-Field Communication
7.2.1 Nfc Helps to Connect Electronic Devices Used in Smart Ticketing System
7.3 Rfid
7.3.1 Rfid is Used in Smart Ticketing System for Identification, Payment, and Security
7.4 Barcode
7.4.1 Barcode Helps in Reading and Interpreting the Content of the Smart Ticket
7.5 Cellular Network
7.5.1 Cellular Network Helps in Making Ticketing Procedure Easy and Reduces Processing Cost
7.6 Wi-Fi
7.6.1 Wi-Fi Technology is Largely Used in Transportation Sector By Passengers to Book Tickets
8 Smart Ticketing Market, By Application
8.1 Introduction
8.2 Transportation
8.2.1 Railways
8.2.1.1 Growing Adoption of Modern Technology for Railways is Propelling the Implementation of Smart Ticketing
8.2.2 Roadways
8.2.2.1 Smart Ticketing Deployed in Buses Provides Real-Time Information to Passengers Regarding Arrival Time and Fare
8.2.3 Airways
8.2.3.1 Smart Ticketing for Airways Helps the Airport Authority to Handle Manual Operations at Peak Hours
8.3 Sports & Entertainment
8.3.1 Market for Sports & Entertainment is Expected to Grow at A Highest CAGR During the Forecast Period
9 Smart Ticketing Market, By Revenue Channel
9.1 Introduction
9.2 Users
9.2.1 Smart Ticketing Market for Users is Expected to Grow at A Higher CAGR During the Forecast Period
9.3 Suppliers
9.3.1 Smart Ticketing Market for Suppliers is Expected to Hold Larger Market Share During the Forecast Period
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The Smart Ticketing Market for US is Expected to Hold Larger Market Share During the Forecast Period
10.2.2 Canada
10.2.2.1 The Smart Ticketing Market for Canada is Expected to Grow at A Higher CAGR During the Forecast Period
10.3 Europe
10.3.1 UK
10.3.1.1 The Smart Ticketing Market in UK is Growing Owing to Increasing Adoption in Public Transportation Network
10.3.2 Germany
10.3.2.1 Increasing Technological Adoption and Development in the Transportation Sector Will Boost the Smart Ticketing Market in Germany
10.3.3 France
10.3.3.1 Deployment of Smart Ticketing is Increasing in Transportation Sector in France
10.3.4 Rest of Europe
10.3.4.1 Smart Ticketing Market for Countries in Rest of Europe is Expected to Grow at A Highest CAGR During the Forecast Period
10.4 APAC
10.4.1 Japan
10.4.1.1 Smart Ticketing Market is Growing in Japan Owing to Increasing Deployment in Railways & Metros
10.4.2 China
10.4.2.1 China is Expected to Hold Largest Share of Smart Ticketing Market in APAC During the Forecast Period
10.4.3 South Korea
10.4.3.1 Technological Advancements and Growing Industrialization Will Boost Smart Ticketing Market in South Korea
10.4.4 Rest of APAC
10.4.4.1 Smart Ticketing Market in Rest of APAC is Expected to Grow at A Highest CAGR During the Forecast Period
10.5 RoW
10.5.1 Middle East and Africa
10.5.1.1 Smart Ticketing Market in Middle East and Africa is Expected to Hold Larger Market Share During the Forecast Period
10.5.2 Latin America
10.5.2.1 Deployment of Smart Ticketing for Sports & Entertainment Sector is Increasing in Latin America
11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis of Smart Ticketing Market, 2017
11.3 Competitive Scenario
11.3.1 Market Evaluation Framework: Contracts, Agreements, and Partnerships Fueled Growth and Innovation From 2015 to 2018
12 Company Profiles
12.1 Key Players
12.1.1 Cubic Corporation
12.1.2 Infineon Technologies
12.1.3 Conduent
12.1.4 Vix Technology
12.1.5 Rambus
12.1.6 Hid Global
12.1.7 Gemalto Nv
12.1.8 Giesecke+Devrient
12.1.9 Indra Sistemas
12.1.10 Confidex
12.2 Other Important Players
12.2.1 Inside Secure
12.2.2 Paragon ID
12.2.3 Scheidt & Bachmann
12.2.4 CGI Group
12.2.5 Masabi
12.3 Key Innovators
12.3.1 Cityway
12.3.2 Smart Card It Solutions
12.3.3 Xminnov
12.3.4 Ticketer
12.3.5 Softjourn
For more information about this report visit https://www.researchandmarkets.com/research/xx92ph/20_billion?w=5
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