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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 (2017-2027); 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 2022-2027 to reach a value of around USD 29.8 billion by 2026.
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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: Market 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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Product, Connectivity, Application, Region |
| Breakup by Component | Hardware, Software and Services |
| Breakup by Product | Smart Cards, Reader, Wearable, Smart Parking System, Ticket Machine, Ticket Validators, Others |
| Breakup by Connectivity | NFC, Barcode, Wifi, Cellular Network, RFID, Others |
| Breakup by Application | Transportation, Sports and Entertainment, Parking, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cubic Corporation, Confidex Oy, Rambus Group, Infineon Technologies AG, HID Global Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Smart Ticketing Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Ticketing Historical Market (2017-2021)
8.3 Global Smart Ticketing Market Forecast (2022-2027)
8.4 Global Smart Ticketing Market by Component
8.4.1 Hardware
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 Software and Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Reader
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 Wearable
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Smart Parking System
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Ticket Machine
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Ticket Validators
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2017-2021)
8.5.6.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Barcode
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Wifi
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Cellular Network
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 RFID
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Sports and Entertainment
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Parking
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
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 (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 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 Key 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), 2017-2021
3. Global Smart Ticketing Market Forecast: Breakup by Component (USD Billion), 2022-2027
4. Global Smart Ticketing Historical Market: Breakup by Product (USD Billion), 2017-2021
5. Global Smart Ticketing Market Forecast: Breakup by Product (USD Billion), 2022-2027
6. Global Smart Ticketing Historical Market: Breakup by Connectivity (USD Billion), 2017-2021
7. Global Smart Ticketing Market Forecast: Breakup by Connectivity (USD Billion), 2022-2027
8. Global Smart Ticketing Historical Market: Breakup by Application (USD Billion), 2017-2021
9. Global Smart Ticketing Market Forecast: Breakup by Application (USD Billion), 2022-2027
10. Global Smart Ticketing Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Smart Ticketing Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Smart Ticketing Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Smart Ticketing Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Global Smart Ticketing Market Structure
Key Questions Answered in the Report
In 2020, the global smart ticketing market attained a value of nearly USD 14.3 billion.
The market is projected to grow at a CAGR of 13% between 2022 and 2027.
The major drivers of the market include the technological advancements and easy access to rapid transit with smart systems, proliferating number of cashless transactions, rapid urbanisation, increasing smartphone and internet penetration, escalating disposable incomes, increasing demand for mobile apps and contactless digital transactions, and rising government initiatives.
The increasing demand in the travel and tourism industry and the adoption of efficient ticketing systems by numerous public transportation companies 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.
Components can be divided into hardware, software and services.
Based on product, the market comprises of smart cards, reader, wearable, smart parking system, ticket machine, and ticket validators, among others.
Based on connectivity, the industry is segmented into NFC, barcode, wifi, cellular network, and RFID, among others.
The major applications include transportation, sports and entertainment, and parking, among others.
The major players in the industry are Cubic Corporation, Confidex Oy, Rambus Group, Infineon Technologies AG, and HID Global Corporation, among others.
Analyst Review
The global smart ticketing market attained a value of nearly USD 14.3 billion in 2020, driven by the increasing demand in the travel and tourism industry. Aided by proliferating number of cashless transactions and adoption of efficient ticketing systems by numerous public transportation companies, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 13%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Components can be divided into hardware, software and services. Based on product, the market comprises of smart cards, reader, wearable, smart parking system, ticket machine, and ticket validators, among others. Based on connectivity, the industry is segmented into NFC, barcode, wifi, cellular network, and RFID, among others. The major applications include transportation, sports and entertainment, and parking, among others. The major regional markets for smart ticketing are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Cubic Corporation, Confidex Oy, Rambus Group, Infineon Technologies AG, and HID Global Corporation, 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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