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Global Smart Ticketing Market to Grow at a CAGR of 13% During 2021-2026, Driven by the Growing Demand in the Travel and Tourism Industry

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Global Smart Ticketing Market: By Component: Hardware, Software and Services; By Product: Smart Cards, Reader, Wearable, Smart Parking System, Ticket Machine, Others; By Connectivity; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Smart Ticketing Market Outlook

The global smart ticketing market reached a value of about USD 14.3 billion in 2020. The industry is further expected to grow at a CAGR of about 13% in the forecast period of 2021-2026 to reach a value of around USD 29.8 billion by 2026.

 

Europe Holds a Major Share in the Smart Ticketing Industry Globally

Europe accounts for a major share in the industry owing to the growing tourism industry and the innovation of technologically advanced ticketing systems across the region. Moreover, leading market players, such as Infineon Technologies and Gemalto, are increasing their market presence by introducing integrated payment options through partnerships and collaborations with smart ticket operators. This has significantly contributed to the industry growth. In addition, the rapid advancements in technology have driven smart ticketing companies to opt for technologies like QR code, bar code, and NFC, which, in turn, are favouring the industry growth. Meanwhile, the Asia Pacific region is expected to witness a robust growth over the forecast period owing to the rising government initiatives to encourage the adoption of digital payments and increasing smartphone and internet penetration in emerging nations like China and India.
 

Smart Ticketing: Industry Definition and Segmentation

Smart ticketing refers to a digital platform to book tickets. It acts as a substitute to the traditional paper based ticketing system followed since centuries. It is a system which electronically stores ticket on a microchip and offers seamless transportation and various payment options to consumers. It is quicker, more efficient, and saves a lot of time. Such solutions also save the time of a passenger by eliminating the need to purchase a ticket by standing in a queue.

By component, the market is bifurcated into:

  • Hardware
  • Software and Services

Based on product, the market comprises of:

  • Smart Cards
  • Reader
  • Wearable
  • Smart Parking System
  • Ticket Machine
  • Ticket Validators
  • Others

Based on connectivity, the industry is segmented into:

  • NFC
  • Barcode
  • Wifi
  • Cellular Network
  • RFID
  • Others

On the basis of application, it is categorised into:

  • Transportation
  • Sports and Entertainment
  • Parking
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand in Travel and Tourism Industry and Rapid Technological Advancements to Bolster the Growth of the Smart Ticketing Industry

The industry is being driven by the increasing demand for smart ticketing solutions in the travel and tourism industry. Moreover, technological advancements and easy access to rapid transit with smart systems are also revolutionising the industry. The adoption of efficient ticketing systems by numerous public transportation companies is triggering the industry growth. These ticketing solutions are very effective and reduce costs in comparison to paper based or printed tickets. Apart from this, these technologies allow the consumers to save time from long queues and quickly secure tickets, pay, and download immediately from the internet.  In addition, the proliferating number of cashless transactions have also propelled the market growth. Other factors like rapid urbanisation, increasing smartphone and internet penetration, and escalating disposable incomes are also aiding the industry expansion.

Over the forecast period, the increasing demand for mobile apps and contactless digital transactions via bank cards is further anticipated to drive the global market.

 

Key Industry Players in the Global Smart Ticketing Market

The report gives a detailed analysis of the following key players in the global smart ticketing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cubic Corporation
  • Confidex Oy
  • Rambus Group
  • Infineon Technologies AG
  • HID Global Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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 Smart Ticketing Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Smart Ticketing Historical Market (2016-2020) 
    8.3    Global Smart Ticketing Market Forecast (2021-2026)
    8.4    Global Smart Ticketing Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software and Services
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Smart Ticketing Market by Product
        8.5.1    Smart Cards
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Reader
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Wearable
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Smart Parking System
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Ticket Machine
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Ticket Validators
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global Smart Ticketing Market by Connectivity
        8.6.1    NFC
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Barcode
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Wifi
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Cellular Network
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    RFID
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    Global Smart Ticketing Market by Application
        8.7.1    Transportation
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Sports and Entertainment
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Parking
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Others
    8.8    Global Smart Ticketing Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Cubic Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Confidex Oy
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Rambus Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Infineon Technologies AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    HID Global Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Smart Ticketing Market: Key Industry Highlights, 2016 and 2026
2.    Global Smart Ticketing Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Smart Ticketing Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Smart Ticketing Historical Market: Breakup by Product (USD Billion), 2016-2020
5.    Global Smart Ticketing Market Forecast: Breakup by Product (USD Billion), 2021-2026
6.    Global Smart Ticketing Historical Market: Breakup by Connectivity (USD Billion), 2016-2020
7.    Global Smart Ticketing Market Forecast: Breakup by Connectivity (USD Billion), 2021-2026
8.    Global Smart Ticketing Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Smart Ticketing Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Smart Ticketing Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Smart Ticketing Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Smart Ticketing Market Structure

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