Smart Ticketing Market Research Report- Global Forecast to 2027

Smart Ticketing Market By Component (Software, Hardware), Product (Ticket Machine, E-Ticket, E-Toll, Smart Parking System, Request Tracker), System (Smart Card, Open Payment, NFC) and Application (Railways, Metros, Airlines, Buses) - Forecast 2027

ID: MRFR/ICT/2373-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017- 2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Overview 


Smart ticketing is a ticketing system in which a travel ticket is stored electronically in a microchip which is implanted in a smartcard. Passengers use this smartcard to travel via buses, trains, trams, and metros without standing in a queue for purchasing a paper ticket. This system is a paper-free solution and hence makes it easier for the passengers to maintain it. The smart ticketing solution also helps in managing the long queue of passengers in peak hours. 


Due to its major driving factors, the global smart ticketing market is estimated to grow at a CAGR of 8%. It is expected to reach approximately USD 11 billion by the end of 2023. An increase in the number of cashless transactions across the globe is expected to drive the smart ticketing market in the forecast period. 


COVID-19 Analysis 


This COVID-19 pandemic is hampering the smart ticketing market growth. Various governments across the globe imposed strict lockdown and social distancing norms. Due to this reason, traveling was strictly prohibited. The restaurants and bars were closed. Also, important sports events and fairs were also canceled. Offices, schools, and universities were also closed due to which there were no places to travel. Hence, the traveling sector was immensely affected. But it is expected that post the pandemic, this sector may witness huge growth.  


Owing to this outbreak, the healthcare and pharmaceutical vendors will get inspired to improve their investments in the market of artificial intelligence. The countries that are dependent on tourism, entertainment, hospitality industries, and travel have witnessed great economic losses. The government organizations of the different countries are supporting the adoption of smart ticketing and payment solution in order to avoid the spread of COVID-19 through coins or notes. 
Smart Ticketing Market Smart Ticketing Market


Market Dynamics 



  • Drivers 


Rise in the number of cashless transactions across various countries has led to the increase in the use of smart cards. Also, the enhancing popularity of blockchain in the smart ticketing business is expected to drive the growth of the market. These solutions are basically cost-effective as compared to the printed paper-based tickets. People do not have to stand in a long queue to purchase tickets. With the help of smart cards, they can just tap the cards on the device at the entry or exit gate. 



  • Opportunities 


Recent developments in the transportation sectors and the arrangement of smart ticketing services in buses, trains, trams, and metros are enhancing the market growth of smart ticketing over the last few years. The smart ticketing market is expected to provide great revenues in the coming years which may also give a lot of opportunities to the smart ticketing industries. 



  • Restraints 


The devices which are able to read smartcards and deduct the travel cost as soon as it is tapped are very expensive. Therefore, the high setup cost of the smart ticketing systems and its centralized framework may act as a major reason for restraining the growth of the smart ticketing industry. 



  • Challenges 


The smartcard is a modern way of traveling which will not require any paper ticket. It provides safety of data and security issues. These may act as major challenges in the market of smart ticketing. 



  • Cumulative Growth Analysis 


The smart ticketing market share is projected to expand and reach USD 11 billion during the forecast period at a CAGR of 8%. A centralized software is used by the authorities to connect with the data which is coming from different nodes and helping to simplify the transit data management process. Due to the high demand for effective transportation, the use of smart cards is increasing at a higher pace. This will help to witness steady market growth in the forecast period. 


Value Chain Analysis  


Smart cards help the passengers to ease hassle-free travel. While traveling, one needs to tap the smart card on a device that is placed near a gate or an entry point. Smartcards are also used for transit fare payments and parking. The US transport agencies, Port Authority of New York and New Jersey, and Los Angeles Country Metropolitan Transportation Authority have installed such devices that can read smartcards at the entry and exit points. An increase in the use of effective public transportation has given a rise in the use of smartcards across various countries. This is fueling the market demand for smart ticketing which in turn is increasing the smart ticketing market sales. 


Segment Overview 


The smart ticketing market size is segmented into four major parts. They are by component type, by application type, by system type, and by product type. Here is a list of the smart ticketing market segments along with their sub-segments. 


By Component 



  • Hardware

  • Software

  • Card Reader

  • Cards and Microchips 


By Application 



  • Airlines

  • Buses

  • Sports & Entertainment

  • Railways and Metros

  • Others 


By System 



  • Smart Card

  • Open Payment System

  • Near-field Communication 


By Product 



  • E-Ticket

  • Request Tracker

  • Ticket Machine

  • E-Toll

  • E-Kiosk

  • Smart Parking System

  • Others 


Regional Analysis 


According to the smart ticketing market analysis, the market has been segmented into various regions such as North America, Latin America, Asia Pacific, Europe, the Middle East and Africa. Europe is estimated to hold the largest market share during the forecast period due to its enhancement in the European tourism industry and the need for more possible ticketing systems across the country. The leading companies in Europe are also trying to increase their presence in the smart ticketing market by offering integrated payment solutions with the help of partnerships with smart ticket developers.


On the other hand, Asia Pacific is expected to grow at a very fast rate during the forecast period. The major market growth will be because of the increased use of smartphones in that region and also due to various technological advancements. 


Competitive Landscape 


More global players are expected to enter the smart ticketing market as the governments are taking initiatives to support this market. The key companies are adopting prime growth strategies such as high expenses on research and developments, product launches, partnerships and acquisitions, and so on to stand out in the intense competition. Infineon Technologies AG, Cubic Corporation, and NXP Semiconductors are some of the key players that are constantly trying to implement new strategies to sustain in this competitive market. 


List of Key Companies: 



  • NXP Semiconductors (US)

  • Confidex Ltd. (Finland)

  • Giesecke & Devrient Gmbh (Germany)

  • ASK (France)

  • Infineon Technologies AG (Germany)

  • HID (US)

  • Cubic Corporation (US)

  • Gemalto NV (Netherlands)

  • Xerox Corporation (US)

  • Inside Secure (France)

  • Smart Card IT Solutions (India)

  • Paragon ID (France)

  • CGI Group (Canada)

  • Indra Sistemas (Spain)

  • Scheidt & Bachmann (Germany) 


Recent Developments 



  • The Cubic Corporation launched the Cubic NextBus in the year 2017. This is designed for multimodal authorities, operators, and transit agencies. The Cubic NextBus introduces an advanced Transit Management as a Service (TMaaS) which consists of machine learning capabilities and public cloud architecture.

  • A mobile ticketing solution was launched by Rambus, for a pilot with the national rail operator of Scotland. This solution is a fully integrated system associated with ScotRail’s ticketing app. It will allow the customers to skip the long queue while purchasing tickets and just tap on the device at the gate.

  • Conduent introduced Conduent Seamless Transportation System which is a secure mobile payment app. It was launched in October 2017 and made available to the US public transit agencies.

  • In September 2020, Winwatch, a Swiss company introduced tiny microchips from Infineon Technologies AG which allows fast and secured payment transactions within milliseconds through radio frequencies. 


Report Overview 


The smart ticketing market research provides a detailed analysis of the growth of the market along with the factors that are affecting the growth such as drivers, opportunities, challenges, and restraints. It also outlines the recent developments of the market and the smart ticketing market trends that are constantly changing. The report also consists of COVID-19 impact on the market and analysis which is based on the segmentation of regions.  


Report Details 



  • Historic Period: 2015-2017

  • Base Year: 2017

  • Forecast Period: 2018-2023 


By Geographically 



  • North America

  • South America

  • Europe

  • Asia-Pacific

  • The Middle East and Africa (MEA)



Frequently Asked Questions (FAQ) :


In 2019, parking as an application recorded about 25% of the smart ticketing industry share globally. Due to the increase in the use of private cars, there will be a growth of parking systems. Therefore, this segment is expected to witness huge growth during the forecast period.

The software interface of a smart ticketing system is more expensive as compared to the hardware. Thus, huge growth in the software component might be noticed during the forecast period due to its rise in the adoption of a digital framework for public transportation.

The smart ticketing market is expected to grow at a huge pace in the coming years. At a CAGR of 8%, the market is estimated to reach USD 11 billion during the forecast period.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 SMART TICKETING MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOFTWARE

6.2.1.2 HARDWARE

6.2.1.2.1 POS TERMINAL EQUIPMENT

6.2.1.2.2 CARDS AND MICROCHIPS

6.2.1.2.3 CARD READER

6.2.2 BY PRODUCT

6.2.2.1 TICKET MACHINE

6.2.2.2 E-TICKET

6.2.2.3 E-KIOSK

6.2.2.4 SMART PARKING SYSTEM

6.2.2.5 E-TOLL

6.2.2.6 REQUEST TRACKER

6.2.2.7 OTHERS

6.2.3 BY SYSTEM

6.2.3.1 SMART CARD

6.2.3.2 OPEN PAYMENT SYSTEM

6.2.3.3 NEAR FIELD COMMUNICATION SYSTEM

6.2.4 BY APPLICATION

6.2.4.1 RAILWAYS & METROS

6.2.4.2 SPORTS & ENTERTAINMENT

6.2.4.3 AIRLINES

6.2.4.4 BUSES

6.2.4.5 OTHERS

6.2.5 BY REGION

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA-PACIFIC

6.2.5.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 HID (U.S.)

7.2.2 GEMALTO NV (NETHERLANDS)

7.2.3 NXP SEMICONDUCTORS (U.S.)

7.2.4 GIESECKE & DEVRIENT GMBH (GERMANY)

7.2.5 INFINEON TECHNOLOGIES AG (GERMANY)

7.2.6 INSIDE SECURE (FRANCE)

7.2.7 XEROX CORPORATION (U.S.)

7.2.8 CONFIDEX LTD. (FINLAND)

7.2.9 CUBIC CORPORATION (U.S.)

7.2.10 ASK (FRANCE)

7.2.11 OTHERS

LIST OF TABLES
TABLE 1 SMART TICKETING MARKET, BY COMPONENT

TABLE 2 SMART TICKETING MARKET, BY PRODUCT

TABLE 3 SMART TICKETING MARKET, BY SYSTEM

TABLE 5 SMART TICKETING MARKET, BY APPLICATION

TABLE 6 SMART TICKETING MARKET, BY REGIONS

TABLE 7 NORTH AMERICA SMART TICKETING MARKET, BY COMPONENT

TABLE 8 NORTH AMERICA SMART TICKETING MARKET, BY PRODUCT

TABLE 9 NORTH AMERICA SMART TICKETING MARKET, BY SYSTEM

TABLE 11 NORTH AMERICA SMART TICKETING MARKET, BY APPLICATION

TABLE 12 U.S. SMART TICKETING MARKET, BY COMPONENT

TABLE 13 U.S. SMART TICKETING MARKET, BY PRODUCT

TABLE 14 U.S. SMART TICKETING MARKET, BY SYSTEM

TABLE 16 U.S. SMART TICKETING MARKET, BY APPLICATION

TABLE 17 CANADA SMART TICKETING MARKET, BY COMPONENT

TABLE 18 CANADA SMART TICKETING MARKET, BY PRODUCT

TABLE 19 CANADA SMART TICKETING MARKET, BY SYSTEM

TABLE 21 CANADA SMART TICKETING MARKET, BY APPLICATION

TABLE 22 GERMANY SMART TICKETING MARKET, BY COMPONENT

TABLE 23 GERMANY SMART TICKETING MARKET, BY PRODUCT

TABLE 24 GERMANY SMART TICKETING MARKET, BY SYSTEM

TABLE 26 GERMANY SMART TICKETING MARKET, BY APPLICATION

TABLE 27 U.K. SMART TICKETING MARKET, BY COMPONENT

TABLE 28 U.K. SMART TICKETING MARKET, BY PRODUCT

TABLE 29 U.K. SMART TICKETING MARKET, BY SYSTEM

TABLE 31 U.K. SMART TICKETING MARKET, BY APPLICATION

TABLE 32 EUROPE SMART TICKETING MARKET, BY COMPONENT

TABLE 33 EUROPE SMART TICKETING MARKET, BY PRODUCT

TABLE 34 EUROPE SMART TICKETING MARKET, BY SYSTEM

TABLE 36 EUROPE SMART TICKETING MARKET, BY APPLICATION

TABLE 37 FRANCE SMART TICKETING MARKET, BY COMPONENT

TABLE 38 FRANCE SMART TICKETING MARKET, BY PRODUCT

TABLE 39 FRANCE SMART TICKETING MARKET, BY SYSTEM

TABLE 41 FRANCE SMART TICKETING MARKET, BY APPLICATION

TABLE 42 ASIA PACIFIC SMART TICKETING MARKET, BY COMPONENT

TABLE 43 ASIA PACIFIC SMART TICKETING MARKET, BY PRODUCT

TABLE 44 ASIA PACIFIC SMART TICKETING MARKET, BY SYSTEM

TABLE 46 ASIA PACIFIC SMART TICKETING MARKET, BY APPLICATION

TABLE 47 REST OF THE WORLD SMART TICKETING MARKET, BY COMPONENT

TABLE 48 REST OF THE WORLD SMART TICKETING MARKET, BY PRODUCT

TABLE 49 REST OF THE WORLD SMART TICKETING MARKET, BY SYSTEM

TABLE 51 REST OF THE WORLD SMART TICKETING MARKET, BY APPLICATION


LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 SMART TICKETING MARKET, BY COMPONENT (%)

FIGURE 3 SMART TICKETING MARKET, BY PRODUCT (%)

FIGURE 4 SMART TICKETING MARKET, BY SYSTEM (%)

FIGURE 5 SMART TICKETING MARKET, BY APPLICATION (%)

FIGURE 6 SMART TICKETING MARKET, BY REGIONS (%)

FIGURE 7 NORTH AMERICA SMART TICKETING MARKET, BY COMPONENT (%)

FIGURE 8 NORTH AMERICA SMART TICKETING MARKET, BY PRODUCT (%)

FIGURE 9 NORTH AMERICA SMART TICKETING MARKET, BY SYSTEM (%)

FIGURE 10 NORTH AMERICA SMART TICKETING MARKET, BY APPLICATION (%)

FIGURE 11 EUROPE SMART TICKETING MARKET, BY COMPONENT (%)

FIGURE 12 EUROPE SMART TICKETING MARKET, BY PRODUCT (%)

FIGURE 13 EUROPE SMART TICKETING MARKET, BY SYSTEM (%)

FIGURE 14 EUROPE SMART TICKETING MARKET, BY APPLICATION (%)

FIGURE 15 ASIA-PACIFIC SMART TICKETING MARKET, BY COMPONENT (%)

FIGURE 16 ASIA-PACIFIC SMART TICKETING MARKET, BY PRODUCT (%)

FIGURE 17 ASIA PACIFIC SMART TICKETING MARKET, BY SYSTEM (%)

FIGURE 18 ASIA-PACIFIC SMART TICKETING MARKET, BY APPLICATION (%)

FIGURE 19 REST OF THE WORLD SMART TICKETING MARKET, BY COMPONENT (%)

FIGURE 20 REST OF THE WORLD SMART TICKETING MARKET, BY PRODUCT (%)

FIGURE 21 REST OF THE WORLD SMART TICKETING MARKET, SYSTEM (%)

FIGURE 22 REST OF THE WORLD SMART TICKETING MARKET, BY APPLICATION (%)