The market report “Smart Ticketing Market by Connectivities (Barcode, Cellular Network, Near Field Communication (NFC), Open Payment System, Radio-frequency Identification (RFID), Wireless Fidelity (Wi-Fi)), Offerings (Hardware, Software, and Services), Organization Sizes (Large Enterprises, and Small and Mid-size Enterprise (SME)), Components (Electronic (E)-Kiosk, Electronic (E)-Ticket, Electronic (E)-Toll, Point of Sale (POS) Terminals, Request Tracker, Smart Cards, Smart Card Readers, Ticket Validators, Ticketing Machine/Smart Ticketing Kiosk, Ticketing Mobile Terminals, and Wearables), Applications (Transportation, Sports and Entertainment, Parking, and Healthcare) and Region – Forecast to 2028”. The smart ticketing market is growing at a CAGR of 15.8% by 2028, owing to the rising inclination for wearable technologies.
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Based on component, the ticketing machine/smart ticketing kiosk segment is estimated to grow at highest CAGR segment during the study period.On the basis of component, the market is categorised into electronic (e)-kiosk, electronic (e)-ticket, electronic (e)-toll, point of sale (pos) terminals, request tracker, smart cards, smart card readers, ticket validators, ticketing machine/smart ticketing kiosk, ticketing mobile terminals, and wearables. Ticketing machine/smart ticketing kiosk segment is estimated to be the fastest growing market segment strongly driven by its features including integration of ticketing vending, fare collection systems, and smart gating.
By geography, Europe is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is experiencing a dominant position in the smart ticketing market. This is mainly attributed by the increase in the rate of adoption of the smart ticketing system in the countries including U.K., Sweden, and Germany.
The key players in this market are ACT, Atsuke, Cammax, Conduent, Confidex, Corethree, Cubic Corporation, Flowbird Group, HID Global, Hitachi Rail, IDEMIA, Indra, Infineon Technologies, Masabi, NXP Semiconductors, PayiQ, Scheidt & Bachmann, Siemens, Thales, and Xerox Corporation.
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The Global Smart Ticketing Market is majorly driven by growing adoption of contactless payments, affordable access to rapid transit with the help of smart transit systems and upsurge in the intelligent transportation market. The sports and entertainment segment is growing at a highest CAGR owing to rising trend of adopting mobile ticketing in stadiums which facilitate mobile access provisions to fans while entering into the arena. Asia Pacific dominated with a significant market share due to the factors such as robust economic development, the surge in population, and fast urbanization across the region. Europe market is growing at a highest CAGR owing to the high rate of adoption of the smart ticketing system in the region.Key players in Smart Ticketing Market include ACT, Atsuke, Cammax, Conduent, Confidex, Corethree, Cubic Corporation, Flowbird Group, HID Global, Hitachi Rail, IDEMIA, Indra, Infineon Technologies, Masabi, NXP Semiconductors, PayiQ, Scheidt & Bachmann, Siemens, Thales, and Xerox Corporation.
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