Automatic Ticket Machine Market Research Report 2020


Posted June 30, 2020 by Aashi_K

The global automatic ticket machine market size was USD 2.36 billion in 2019 and is expected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period.

 
Increased Popularity of Automatic Ticket Machines with Digital Payment Options is Upholding the Market Growth

Prominent players are integrating ATMs with digital payment solutions to reduce heavy rush on ticket counters. They are also constantly incorporating digital payment options to gain real-time consumer data. The sudden rise in passengers travelling via airplane and railways across the globe has supported the increased popularity of automated tickets generated by smart cards while travelling. Moreover, countries including India, Hungary, South Africa, Malaysia, Indonesia, and others are witnessing high adoption of E-tickets generated via digital mode of payment in the entertainment sector. This is owing to the introduction of touch screen based ticketing kiosks across the public transport sector, public access points, and the entertainment & gaming sector. This allows end-users to generate paper tickets or E-tickets.

Industry Developments:

May 2019: US-based Rambus and the German semiconductor specialist, Infineon Technologies, partnered with each other to develop and promote smart ticketing solutions based on mobiles and smart cards to enhance the potential of mobility services. The companies will unify their expertise on the smart card and mobile ticketing standard, CIPURSE™, to provide wide choice of ticketing solutions to end-users.

April 2019: The American transportation company, Cubic Corporation, was awarded a contract worth USD 4 million by Ireland’s National Transport Authority (NTA) for the delivery of a mobile ticketing solution for the country. The system provided by Cubic is low-risk and scalable and designed with the capability of allowing customers to purchase tickets from multiple public transport operators.

List of Companies Profiled in the Automatic Ticket Machine Market Report:

• SBB (Bern, Switzerland)
• HID Global Corporation/ASSA ABLOY AB (California, U.S.)
• Almex Transport (Durban, South Africa)
• Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
• Infineon Technologies AG (Neubiberg, Germany)
• Xerox Corporation (Connecticut, U.S.)
• Diebold Nixdorf, Incorporated (Ohio, U.S.)
• Cubic Corporation (California, U.S.)
• Gemalto NV (Amsterdam, Netherlands)
• NXP Semiconductors (Eindhoven, Netherlands)
• CPI Card Group Inc. (Colorado, U.S.)
• Parkeon (Paris, France)
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Issued By Fortune Business Insights™
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Country United States
Categories Business , Industry , Services
Tags automatic , ticket , machine , machinery , manufacturing , automation
Last Updated June 30, 2020