Smart Ticketing Market Overview:
In this rapidly changing world of technology, smart ticketing market is projected to show major growth prospects during the forecast period. The continuous developments and increasing technological advancements are major factors leading to rapid adoption of smart ticketing services.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of smart ticketing market. Europe is expected to hold the largest market share and dominate the smart ticketing market. In Europe, the presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of smart ticketing market size.
Early adoption of smart ticketing technology in their public transportation and increased business needs are other major factors driving the growth of smart ticketing market. Another major factor driving the growth of smart ticketing market in the Europe region is the presence of key players like Oberthur Technologies (France), ASK (France), and Infineon Technologies AG (Germany), among others.
The smart ticketing market is growing rapidly over 8% of CAGR and is expected to reach at approx. USD 12 billion by the end of forecast period.
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Smart Ticketing Market Major Key Players:
The prominent players in the Smart-Ticketing market are - Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (U.S.), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France), Xerox Corporation (US), Confidex Ltd. (Finland), Cubic Corporation (US), ASK (France) and others are profiled in Market Research Future analysis and are at the forefront of competition in the global smart-ticketing market.
Key players in the market include Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (US), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France) and many others.
Smart-Ticketing Market Global Market Segmentation Segmentation by component:
Software, HardwarePOS terminal equipment, cards & microchips and card reader
• Segmentation by product: ticket machine, e-ticket, e-kiosk, smart parking system, e-toll, request tracker and others
• Segmentation by system: smart card, open payment system and near field communication system
• Segmentation by application: railways & metros, sports & entertainment, airlines, buses and others
• Segmentation by region: North America, Europe, Asia-Pacific and rest of the world
Smart Ticketing Market Regional Analysis:
The regional analysis of Smart-Ticketing market is studied for North America, Europe, Asia-Pacific and rest of the world.
Europe is expected to dominate the smart ticketing market owing to the high rate of adoption of the smart ticketing system in Germany, U.K. and Sweden in their public transportation network which has enabled the region to gain the largest market share. Also, Asia Pacific is expected to be an attractive market for key stakeholders in the years to come.
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