Market Highlights

Mobile Ticketing Market Share is characterized as a cycle by which one can book tickets for any transportation/occasion/amusement show by means of mobile gadgets without utilizing any paper whatsoever. Market Research Future (MRFR) has distributed a research report about the global mobile ticketing market that augurs progression for this market at 19% CAGR (Compound Annual Growth Rate) somewhere in the range of 2016 and 2022. By esteem, the market has been figured to merit the US $ 4026 mn before the finish of the gauge time frame.

Breaking down the market structure, this report gauges the future growth capability of the market. It surveys the strategies of the central participants in the market and supports the cutthroat developments like joint endeavors, new item developments, consolidations and acquisitions, research and developments (R&D) in the market.

The huge variable supporting the mobile ticketing market growth is a scope of its benefits. Such benefits incorporate expanded client comfort, decreased creation costs, and diminished conveyance costs. Different elements adding to the market growth incorporate rising market infiltration of cell phones, demands of moment ticket booking, digitization, and the development of the most recent advancements. Mobile ticketing is likewise lessening desk work time and blunders, alongside giving prompt data availability. Notwithstanding, absence of mindfulness, helpless web availability, winning security concerns with respect to mobile installment can thwart the market growth.

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Segmentation:

The global mobile ticketing market has been segmented on the basis of application, technology, type, and lastly, region. The application-based segmentation segments this market into entertainment tickets, travel tickets, and others. Based on technology, the market has been segmented into 2D bar code, optical character recognition (OCR), and near field communication (NFC) technology. The 2D bar code has been sub-segmented into PDF 417 and QR code. By type, the market has been segmented into mobile applications and SMS ticketing.

The regional segmentation of the global mobile ticketing market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). During the forecast period, North America is expected to dominate the global market due to the high penetration of mobile ticketing applications in this region. Many key market players are in this region. The most important country-specific markets in this region are Canada and the USA.

Europe is a significant regional market due to early adoption of mobile ticketing. Some key players of the global market are based in Europe too. The primary country-specific markets in this region are France, Germany, and the UK, followed by the remaining countries of Europe.

During the forecast period, the Asia Pacific regional market is expected to grow significantly due to factors such as the introduction of NFC and increasing advancements in mobility. China, India, and Japan are the vibrant economies of this region that can progress as lucrative markets in the near future.

The RoW segment comprises of the countries in the Middle East & Africa (MEA). In the MEA region, the market is small due to poor countries, lack of education, lack of awareness, lack of skilled labor, and lack of technological advancement.

Key Players

The key players in the global mobile ticketing market include Ace Ticket Worldwide (USA), Alliance Tickets (USA), Airtag (France), Coast to Coast Tickets (USA), Helpshift (USA), Masabi (UK), Proxama (UK), RazorGator (USA), StubHub (USA), Ticketscript (Netherlands), and Zendesk (USA).

Latest Industry News

Lake County Transit is offering a new service that would allow riders to purchase fares via a mobile phone app. Not only this service will give customers, a cashless fare payment choice; it will also allow riders to purchase and activate LakeXpress passes before boarding with their smartphones. 6 MAR 2019

The Loop Trolley Company’s mobile ticketing app is now live at the app store for Apple’s iOS. 6 MAR 2019

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Mobile Ticketing Market, By Type (SMS Ticketing, Mobile Applications), By Technology (OCR, 2D Bar Code, NFC), By Application (Travel Tickets, Entertainment Tickets) - Forecast 2027

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