Smart Ticketing Market Forecasts to 2028 | Drivers and Opportunities | Key player Analysis ACT, Atsuke, Cammax

According to Stratistics MRC, the Global Smart Ticketing Market is accounted for $6.72 billion in 2020 and is expected to reach $21.72 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Growing adoption of contactless payments, upsurge in the intelligent transportation market, and rising adoption of wearable technologies are the major factors propelling the market growth. However, high setup costs for smart ticketing systems and centralized framework of smart ticketing systems are hampering the market growth.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of countries like China, India, Malaysia, Indonesia, and Thailand. These countries aim to develop smart cities due to the robust economic development, the surge in population, and fast urbanization. APAC nations are also getting investments, supporting advanced technologies, and creating unique solutions to enhance the quality of life. These improvements are boosting the growth of the regional smart ticketing market. There is a high significance on the growth of innovative and interoperable automated free collection systems, like smart cards and NFC-enabled devices, to boost the efficiency of transport systems as well ridership by giving commuters a streamlined travel experience. Established countries like Japan and Singapore are aiming to adopt technology-enabled transport systems by initiating hefty technology funding.

Some of the key players profiled in the 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.

Connectivities Covered:
• Barcode
• Cellular Network
• Near Field Communication (NFC)
• Open Payment System
• Radio-frequency Identification (RFID)
• Wireless Fidelity (Wi-Fi)

Offerings Covered:
• Hardware
• Software
• Services

Organization Sizes Covered:
• Large Enterprises
• Small and Mid-size Enterprise (SME)

Components Covered:
• 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
• Wearables

Applications Covered:
• Transportation
• Sports and Entertainment
• Parking
• Healthcare

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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