Market Highlights
In this rapidly changing and technologically developing environment, consumer demands are ever increasing. The market trend towards the digitization, high demand of instant ticket bookings are driving the Mobile Ticketing market. The study indicates that due to rapid increase in smartphone users and technological advancements is boosting the mobile ticketing market during the forecast period.
The study indicates that Mobile Ticketing market is growing due to its numerous benefits as reduced paperwork time, reduced chance of errors and immediate accessibility of information. These benefits are responsible for the growth of mobile ticketing market. The lack of knowledge is the restraining factor in the growth of mobile ticketing market. The study indicates that digitization and emergence of latest technologies is driving the mobile ticketing market.
The Mobile Ticketing Market is growing rapidly over ~19% of CAGR and is expected to reach at USD ~4026 million by the end of forecast period.
Key Players
The prominent players in the Mobile Ticketing market are Zendesk (U.S.), Masabi (UK), Helpshift (U.S.), Proxama (UK), ticketscript (Netherlands), Airtag (France), Ace Ticket Worldwide (U.S.), Alliance Tickets (U.S.), Coast to Coast Tickets (U.S.), RazorGator (U.S.), StubHub (U.S.) among others
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Mobile Ticketing Global Market – Competitive Analysis
The market of Mobile Ticketing market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Mobile Ticketing Global Market – Segmentation
The Mobile Ticketing Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises Mobile Applications and SMS Ticketing.
- Segmentation by Technology: Comprises OCR (Optical character recognition), 2D bar code and NFC technology.
- Segmentation by Application: Comprises Travel Tickets, Entertainment tickets and Others
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Mobile Ticketing Global Market – Regional Analysis
North America market is estimated to acquire largest market share in the mobile ticketing market owing to the high penetration of mobile ticketing applications, high disposable income of people and initiative towards cashless transaction. It has been observed that the use of mobile ticketing first started in Europe. Europe had early adoption of mobile ticketing it has the second biggest market share in the mobile ticketing market owing to presence of largest tourist industry. Asia Pacific region is anticipated to grow significantly in the mobile ticketing market over the forecast period owing to factors such as increasing advancements in mobility, introduction of NFC and emergence of major smartphone manufacturers.
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Intended Audience
- Technology investors
- Mobile Ticketing service providers
- Internet service providers
- Mobile Ticketing platform providers
- Technology providers
- Research/Consultancy firms
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