Automatic Ticket Machine Market Size, Share & Industry Analysis


Posted June 17, 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.

 
Automatic ticket machines (ATMs) are utilized for the automatic generation of tickets in public transport and public accessible points. These machines can serve as an urban assistance to display static or dynamic information to the user.

Technological development in digital payment options is a growing trend. Automatic ticket-generating machines with digital payment option are referred as ticket friend solution i.e. enabling the utilization of smart card to predetermine the transport details.

The increasing dependence of urban commuters on metros will create a new growth avenue for this market, observes Fortune Business Insights™ in its recent report, titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment & Gaming and Others), and Regional Forecast, 2020-2027”. According to the Belgium-based International Association of Public Transport (UITP), by the end of 2017, metro systems across 178 countries were carrying an average 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers.

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Automatic Ticket Machine Market trends. The report is available for sale on the company website.

NOTE: This report takes into account the current and future impacts of COVID-19 on this industry and offers you an in-depth analysis of the Global Automatic Ticket Machine Market.

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)

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.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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Tags news , technology , automation , Automatic Ticket Machine , machinery
Last Updated June 17, 2020