According to Stratistics MRC, the Global Transit Ticketing Market is accounted for $10.63 billion in 2020 and is expected to reach $26.33 billion by 2028 growing at a CAGR of 12.0% during the forecast period. Growth in the incidence of high-speed systems such as smart cards and the utilization of smartphones in transit ticketing are driving the market growth. However, growing capital and operating costs and unnecessary system complexity are hampering the growth of the market.
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By geography, North America is going to have high growth during the forecast period, due to the timely acceptance of the transit ticketing in applications like rail transport and others. Additionally, the rise in the number of major key players boosts the growth of the transit ticketing market across the province.
Some of the key players profiled in the Transit Ticketing Market include Accenture, AEP Ticketing Solutions, CPI Card Group Inc., Cubic Corp, Gemalto (Thales), HID, Infineon Technologies, NXP Semiconductors, Rambus Incorporated.
Components Covered:
• E-Kiosk
• E-Ticket
• E-Toll
• Ticket Machine
Systems Covered:
• Smart Card
• Smart Phone
Applications Covered:
• Airlines
• Metros and Buses
• Personal Vehicles
• Railways
• Ships
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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