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Global Automatic Ticket Machine Market: By Payment Type: Smart Card Payment, Cash Payment, Mobile Payment; By Application: Public Transport, Entertainment and Gaming, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Automatic Ticket Machine Market Outlook
The global automatic ticket machine market is expected to grow at a CAGR of 11.8% during the period 2022-2027. Advancements in technology, developments in infrastructure, modernization of transportation systems, and increasing number of travellers are major drivers of the global automatic ticket machine market.
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Global Market Likely to be Driven by Modernization of Transportation Systems
Automatic ticket machines are devised to provide electronic tickets to purchasers. These machines eliminate the need for manual work and cut costs by employing smart cards and cash. Automatic ticket machines are generally set up at airports, railway stations, bus stations and subway stations. The automatic, economical and time-saving solutions replace conventional ticket dispensing methods. Advantages of automatic ticket machines include enhanced security, reduced labour costs, decreased operational time, and efficient transport infrastructure. North America, Europe and Asia are expected to be key markets. However, high installation costs and issues related to network connectivity may hinder market growth.
Solutions that are Convenient, Secure and Speedily Deliver Services Expected to Drive the Global Automatic Ticket Machine Market
Speed, efficiency, security and convenience are the major parameters against which automatic ticket machines are assessed. Multi-modal services accessible through one form factor (smart card, chip paper ticket, mobile phone or wearable) would be essential to meet market needs in future. Such multi-purpose devices would be required to combine security features, payment applications, speed and performance of contactless ticketing systems. Thus, novel, faster and reliable solutions with security features offering greater protection with respect to user data would drive the market.
Smart, Scalable Solutions Based on Open Standards Likely to Boost the Market
Authorities are increasingly adopting open standard based platforms over proprietary platforms to enhance efficiency, performance and interoperability. Independent bodies give certification to open standard products and all players in the industry may join the standardization body to contribute to the standardization process. Open standards, therefore, abide by equal and transparent terms and conditions. Solutions that are competitive, interoperable, non-proprietary, based on open standards and scalable, and have the capability to include ticketing, identification, micropayment and mobile payment are expected to stimulate market growth.
Developing Nations Like India Likely to Contribute to Global Automatic Ticket Machine Market Growth
In developing countries like India, automatic ticket machines are being increasingly adopted to decrease passenger queues at ticket counters at establishments such as railway stations. In 2022, it was announced that Indian Railway Catering and Tourism Corporation (IRCTC) joined hands with e-payment company Paytm to offer ticketing services through automatic ticket vending machines at railway stations in India. It was reported that the service had already commenced across automatic ticket vending machines at different railway stations in India.
Market Segmentation
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By payment type, the market is segmented into:
- Smart Card Payment
- Cash Payment
- Mobile Payment
By application, the market is classified into:
- Public Transport
- Entertainment and Gaming
- Others
By region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Automatic Ticket Machine Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Parkeon
- Xerox Corporation
- CPI Card Group Inc.
- Infineon Technologies AG
- NXP Semiconductors
- Scheidt and Bachmann GmbH
- Gemalto NV
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Automatic Ticket Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Automatic Ticket Machine Historical Market (2017-2021)
8.3 Global Automatic Ticket Machine Market Forecast (2022-2027)
8.4 Global Automatic Ticket Machine Market by Payment Type
8.4.1 Smart Card Payment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Cash Payment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Mobile Payment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Automatic Ticket Machine Market by Application
8.5.1 Public Transport
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Entertainment and Gaming
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Others
8.6 Global Automatic Ticket Machine Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Parkeon
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Xerox Corporation
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 CPI Card Group Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Infineon Technologies AG
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 NXP Semiconductors
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Scheidt and Bachmann GmbH
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Gemalto NV
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Automatic Ticket Machine Market: Key Industry Highlights, 2017 and 2027
2. Global Automatic Ticket Machine Historical Market: Breakup by Payment Type (USD Million), 2017-2021
3. Global Automatic Ticket Machine Market Forecast: Breakup by Payment Type (USD Million), 2022-2027
4. Global Automatic Ticket Machine Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Automatic Ticket Machine Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Automatic Ticket Machine Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Automatic Ticket Machine Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Automatic Ticket Machine Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Automatic Ticket Machine Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Automatic Ticket Machine Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Automatic Ticket Machine Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Automatic Ticket Machine Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Automatic Ticket Machine Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Automatic Ticket Machine Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Automatic Ticket Machine Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Automatic Ticket Machine Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Automatic Ticket Machine Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Automatic Ticket Machine Market Structure
Key Questions Answered in the Report
The global automatic ticket machine market is projected to grow at a CAGR of 11.8% between 2022 and 2027.
The major drivers of the market include the modernisation of transportation systems, increasing number of travellers, a surging number of passengers in urban areas, and increasing preference for public transport.
Advancements in technology and developments in infrastructure are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of payments include smart card payment, cash payment, and mobile payment.
The significant applications are public transport, entertainment and gaming, among others.
The major players in the industry are Parkeon, Xerox Corporation, CPI Card Group Inc., Infineon Technologies AG, NXP Semiconductors, Scheidt and Bachmann GmbH, and Gemalto NV, among others.
Analyst Review
The global automatic ticket machine market was driven by the modernisation of transportation systems in the historical period. Aided by the advancements in technology and developments in infrastructure, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 11.8%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types of payments include smart card payment, cash payment, and mobile payment. The significant applications are public transport, entertainment and gaming, among others. The major regional markets for automatic ticket machine market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Parkeon, Xerox Corporation, CPI Card Group Inc., Infineon Technologies AG, NXP Semiconductors, Scheidt and Bachmann GmbH, and Gemalto NV, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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