Mobile Ticketing to Grow at a 51% CAGR by 2021, According to the Latest Smart Insights Report
Smart Insights publishes a new Smart Insights Report, "Smart ticketing on the path to dematerialization" that anticipates a fast growth in the implementation of innovative solutions in the field of public transportation. According to this research, mobile ticketing is expected to experience a CAGR (Compounded Annual Growth Rate) of 51% over the 2016 - 2021 period while the share of contactless and magnetic fare media (tickets and cards) shipments will face a slow decrease.
MARSEILLE, France, May 17, 2016 /PRNewswire/ -- The latest Smart Insights Report "Smart ticketing on the path to dematerialization" explores in detail the dynamics and the specificities of the always innovative smart ticketing business. It anticipates that in spite of the growth of software and service based solutions, public transport operators will issue over one billion smart cards by 2021.
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This Smart Insights Report analyzes in detail the requirements and solutions for Automated Fare Collection (AFC). Most public transportation operators have already covered the path from paper and magstripe tickets to smart contactless cards. Now multiple new solutions are coming up, including mobile ticketing and open loop. Today banking cards (or other application cards) and mobile phones, using NFC (Near Field Communication) applications or QR codes for instance, are also used as valuable ticketing options.
To provide a better understanding of this market, Smart Insights examines six use cases: Tokyo, London, Paris, New York, Moscow and Beijing. Tickets and cards (magstripe or smart card-based) are forecasted for each of these markets, as well as the adoption of mobile and open loop ticketing solutions. A worldwide analysis is also developed for the period 2016-2021.
Thierry Spanjaard, CEO of Smart Insights, adds: "We are experiencing a turning point in the operation of mass transit: the whole software and services aspect is now prevailing over the physical fare media."
This Smart Insights Report, titled "Smart ticketing on the path to dematerialization," has been produced combining Smart Insights long-standing experience and unique positioning in the secure transactions industry with interviews with key players in the transportation industry.
The Smart Insights Report "Smart ticketing on the path to dematerialization" is available at http://www.smartinsights.net/Smart-Insights-Reports
About Intelling:
Smart Insights Reports, along with Smart Insights Weekly and Smart Insights Market Trends, are published by Intelling, a consultancy headquartered in Marseille, France. Intelling is a consultancy with two expertise majors: marketing and strategy for secure transactions, smart cards, telecoms, payment, and convergence, as well as market intelligence, for all industry fields. Intelling is the publisher of Smart Insights Reports, that address secure transactions and smart card markets, providing an extensive qualitative and quantitative analysis.
More details are available at: www.smartinsights.net and www.intelling.com
Contact: Thierry Spanjaard, CEO, Intelling, Email, tel: +33 609 18 28 51
SOURCE Smart Insights
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