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Smart Ticketing Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Payment System, End User, and Geography

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    Report

  • 135 Pages
  • July 2024
  • Region: Global
  • The Insight Partners
  • ID: 5954208
UP TO OFF until Dec 31st 2024
The smart ticketing market size is projected to reach US$ 16.51 billion by 2031 from US$ 6.85 billion in 2023. The market is expected to register a CAGR of 11.6% during 2023-2031.

The smart ticketing sector is experiencing growth thanks to the accessibility of rapid transit through smart transit systems, high demand for smart ticketing in sports, entertainment, and tourism, technological advancements in smart ticketing systems, increased use of contactless payments, expansion of the intelligent transportation market, and rising popularity of wearable technologies. In addition, increasing awareness of contactless payments is expected to bring new smart ticketing market trends in the coming years.

By Geography, the smart ticketing market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. In terms of CAGR, Asia Pacific is anticipated to grow at the fastest over the forecast period. Due to the robust economies of countries like China, India, Indonesia, Thailand, and Malaysia, the Asia-Pacific (APAC) region is projected to achieve the highest compound annual growth rate (CAGR) during the forecast period. The rapid economic growth, population expansion, and urbanization in these nations are driving their efforts to develop smart cities.

Furthermore, APAC countries are attracting investments, promoting new technology, and innovating to enhance the quality of life, all of which are stimulating the expansion of the smart ticketing market in the region. The focus is on advancing and interoperable automated fare collection systems, such as smart cards and NFC-enabled devices, to enhance the efficiency of transportation systems and increase ridership by providing commuters with a seamless travel experience. Developed nations like Japan and Singapore are directing their attention towards technology-enabled transport systems through substantial investments in technology.

In February 2021, Scheidt & Bachmann entered a strategic partnership with Pyramid Computer, a prominent provider of IT solutions for the retail and hospitality sectors, to advance self-checkout solutions in fuel retail locations. Through this collaboration, Scheidt & Bachmann leveraged Pyramid Computer's hardware solution for self-checkout to create the SIQMA Smoove smart checkout solution, resulting in the development of user-friendly SIQMA applications.

The smart ticketing market analysis has been carried out by considering the following segments: components, payment systems, and end users.

On the basis of components, the smart ticketing market is segmented into hardware, software, and services. Hardware devices and equipment enable transport operators to offer efficient and convenient ticketing solutions to passengers. Examples of hardware used in smart ticketing systems include contactless smart card readers, barcode scanners, NFC devices, ticket machines, and ticket validators.

Moreover, factors such as rising demand for digital payment in public transport propel the smart ticketing market growth. Also, blockchain technology in smart ticketing is expected to bring new smart ticketing market trends in the coming years.

On the basis of payment systems, the smart ticketing market is segmented into open payment systems, smart cards, and NFC. An open payment system allows riders to pay their fares using contactless credit/debit cards and mobile devices. It is a secure and convenient payment method that provides quick onboarding, low operating expenses, and a better client experience than conventional payment procedures. Open payments enable transit agencies to improve service quality, increase customer satisfaction, and streamline the ticket payment process for riders. In March 2024, Orléans Métropole unveiled its new open payment ticketing system (which was implemented by Kuba) in collaboration with La Banque Postale (its ticketing technology partner). Open payment-compatible validation terminals, combined with modern ticketing software, have been installed in all vehicles to provide passengers with a swift and simple travel experience.

Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Cubic Corporation, IDEMIA, HID Global Corporation (ASSA ABLOY), CPI Card Group Inc., Confidex Ltd., Thales Group, and Giesecke & Devrient GmbH are among the vital players profiled in the smart ticketing market report. The smart ticketing market report emphasizes the key factors driving the market and prominent players' developments.

The smart ticketing market forecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Smart ticketing market growth. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart ticketing market

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the smart ticketing market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the smart ticketing market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Smart Ticketing Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 List of Vendors
5. Smart Ticketing Market - Key Market Dynamics
5.1 Smart Ticketing Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Demand for Digital Payments in Public Transport
5.2.2 Increasing Integration of IoT for Better Mobility in Smart Cities
5.3 Market Restraints
5.3.1 Data Safety and Security Issues
5.4 Market Opportunities
5.4.1 Rising Investments in Smart Stadiums
5.4.2 Advancements in AI and ML Technology
5.5 Future Trends
5.5.1 Blockchain Technology in Smart Ticketing
5.6 Impact of Drivers and Restraints:
6. Smart Ticketing Market - Global Market Analysis
6.1 Smart Ticketing Market Revenue (US$ Million), 2021-2031
6.2 Smart Ticketing Market Forecast Analysis
7. Smart Ticketing Market Analysis - by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
8. Smart Ticketing Market Analysis - by Payment System
8.1 Open Payment System
8.1.1 Overview
8.1.2 Open Payment System: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Smart Card
8.2.1 Overview
8.2.2 Smart Card: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
8.3 NFC
8.3.1 Overview
8.3.2 NFC: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
9. Smart Ticketing Market Analysis - by End User
9.1 Transportation
9.1.1 Overview
9.1.2 Transportation: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Sport and Entertainment
9.2.1 Overview
9.2.2 Sport and Entertainment: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Parking
9.3.1 Overview
9.3.2 Parking: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10. Smart Ticketing Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Smart Ticketing Market Overview
10.2.2 North America: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Smart Ticketing Market Breakdown, by Component
10.2.3.1 North America: Smart Ticketing Market - Revenue and Forecast Analysis - by Component
10.2.4 North America: Smart Ticketing Market Breakdown, by Payment System
10.2.4.1 North America: Smart Ticketing Market - Revenue and Forecast Analysis - by Payment System
10.2.5 North America: Smart Ticketing Market Breakdown, by End User
10.2.5.1 North America: Smart Ticketing Market - Revenue and Forecast Analysis - by End User
10.2.6 North America: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.2.6.1 North America: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.2.6.2 United States: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Smart Ticketing Market Breakdown, by Component
10.2.6.2.2 United States: Smart Ticketing Market Breakdown, by Payment System
10.2.6.2.3 United States: Smart Ticketing Market Breakdown, by End User
10.2.6.3 Canada: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Smart Ticketing Market Breakdown, by Component
10.2.6.3.2 Canada: Smart Ticketing Market Breakdown, by Payment System
10.2.6.3.3 Canada: Smart Ticketing Market Breakdown, by End User
10.2.6.4 Mexico: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Smart Ticketing Market Breakdown, by Component
10.2.6.4.2 Mexico: Smart Ticketing Market Breakdown, by Payment System
10.2.6.4.3 Mexico: Smart Ticketing Market Breakdown, by End User
10.3 Europe
10.3.1 Europe Smart Ticketing Market Overview
10.3.2 Europe: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Smart Ticketing Market Breakdown, by Component
10.3.3.1 Europe: Smart Ticketing Market - Revenue and Forecast Analysis - by Component
10.3.4 Europe: Smart Ticketing Market Breakdown, by Payment System
10.3.4.1 Europe: Smart Ticketing Market - Revenue and Forecast Analysis - by Payment System
10.3.5 Europe: Smart Ticketing Market Breakdown, by End User
10.3.5.1 Europe: Smart Ticketing Market - Revenue and Forecast Analysis - by End User
10.3.6 Europe: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.3.6.1 Europe: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.3.6.2 United Kingdom: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 United Kingdom: Smart Ticketing Market Breakdown, by Component
10.3.6.2.2 United Kingdom: Smart Ticketing Market Breakdown, by Payment System
10.3.6.2.3 United Kingdom: Smart Ticketing Market Breakdown, by End User
10.3.6.3 Germany: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Germany: Smart Ticketing Market Breakdown, by Component
10.3.6.3.2 Germany: Smart Ticketing Market Breakdown, by Payment System
10.3.6.3.3 Germany: Smart Ticketing Market Breakdown, by End User
10.3.6.4 France: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 France: Smart Ticketing Market Breakdown, by Component
10.3.6.4.2 France: Smart Ticketing Market Breakdown, by Payment System
10.3.6.4.3 France: Smart Ticketing Market Breakdown, by End User
10.3.6.5 Italy: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: Smart Ticketing Market Breakdown, by Component
10.3.6.5.2 Italy: Smart Ticketing Market Breakdown, by Payment System
10.3.6.5.3 Italy: Smart Ticketing Market Breakdown, by End User
10.3.6.6 Russia: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russia: Smart Ticketing Market Breakdown, by Component
10.3.6.6.2 Russia: Smart Ticketing Market Breakdown, by Payment System
10.3.6.6.3 Russia: Smart Ticketing Market Breakdown, by End User
10.3.6.7 Rest of Europe: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Smart Ticketing Market Breakdown, by Component
10.3.6.7.2 Rest of Europe: Smart Ticketing Market Breakdown, by Payment System
10.3.6.7.3 Rest of Europe: Smart Ticketing Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Smart Ticketing Market Overview
10.4.2 Asia Pacific: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Smart Ticketing Market Breakdown, by Component
10.4.3.1 Asia Pacific: Smart Ticketing Market - Revenue and Forecast Analysis - by Component
10.4.4 Asia Pacific: Smart Ticketing Market Breakdown, by Payment System
10.4.4.1 Asia Pacific: Smart Ticketing Market - Revenue and Forecast Analysis - by Payment System
10.4.5 Asia Pacific: Smart Ticketing Market Breakdown, by End User
10.4.5.1 Asia Pacific: Smart Ticketing Market - Revenue and Forecast Analysis - by End User
10.4.6 Asia Pacific: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.4.6.1 Asia Pacific: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.4.6.2 India: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 India: Smart Ticketing Market Breakdown, by Component
10.4.6.2.2 India: Smart Ticketing Market Breakdown, by Payment System
10.4.6.2.3 India: Smart Ticketing Market Breakdown, by End User
10.4.6.3 China: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 China: Smart Ticketing Market Breakdown, by Component
10.4.6.3.2 China: Smart Ticketing Market Breakdown, by Payment System
10.4.6.3.3 China: Smart Ticketing Market Breakdown, by End User
10.4.6.4 Japan: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 Japan: Smart Ticketing Market Breakdown, by Component
10.4.6.4.2 Japan: Smart Ticketing Market Breakdown, by Payment System
10.4.6.4.3 Japan: Smart Ticketing Market Breakdown, by End User
10.4.6.5 South Korea: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 South Korea: Smart Ticketing Market Breakdown, by Component
10.4.6.5.2 South Korea: Smart Ticketing Market Breakdown, by Payment System
10.4.6.5.3 South Korea: Smart Ticketing Market Breakdown, by End User
10.4.6.6 Australia: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 Australia: Smart Ticketing Market Breakdown, by Component
10.4.6.6.2 Australia: Smart Ticketing Market Breakdown, by Payment System
10.4.6.6.3 Australia: Smart Ticketing Market Breakdown, by End User
10.4.6.7 Rest of APAC: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Smart Ticketing Market Breakdown, by Component
10.4.6.7.2 Rest of APAC: Smart Ticketing Market Breakdown, by Payment System
10.4.6.7.3 Rest of APAC: Smart Ticketing Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Smart Ticketing Market Overview
10.5.2 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Smart Ticketing Market Breakdown, by Component
10.5.3.1 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast Analysis - by Component
10.5.4 Middle East and Africa: Smart Ticketing Market Breakdown, by Payment System
10.5.4.1 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast Analysis - by Payment System
10.5.5 Middle East and Africa: Smart Ticketing Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast Analysis - by End User
10.5.6 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.5.6.1 Middle East and Africa: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.5.6.2 Saudi Arabia: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 Saudi Arabia: Smart Ticketing Market Breakdown, by Component
10.5.6.2.2 Saudi Arabia: Smart Ticketing Market Breakdown, by Payment System
10.5.6.2.3 Saudi Arabia: Smart Ticketing Market Breakdown, by End User
10.5.6.3 United Arab Emirates: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 United Arab Emirates: Smart Ticketing Market Breakdown, by Component
10.5.6.3.2 United Arab Emirates: Smart Ticketing Market Breakdown, by Payment System
10.5.6.3.3 United Arab Emirates: Smart Ticketing Market Breakdown, by End User
10.5.6.4 South Africa: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 South Africa: Smart Ticketing Market Breakdown, by Component
10.5.6.4.2 South Africa: Smart Ticketing Market Breakdown, by Payment System
10.5.6.4.3 South Africa: Smart Ticketing Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Smart Ticketing Market Breakdown, by Component
10.5.6.5.2 Rest of Middle East and Africa: Smart Ticketing Market Breakdown, by Payment System
10.5.6.5.3 Rest of Middle East and Africa: Smart Ticketing Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America Smart Ticketing Market Overview
10.6.2 South and Central America: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Smart Ticketing Market Breakdown, by Component
10.6.3.1 South and Central America: Smart Ticketing Market - Revenue and Forecast Analysis - by Component
10.6.4 South and Central America: Smart Ticketing Market Breakdown, by Payment System
10.6.4.1 South and Central America: Smart Ticketing Market - Revenue and Forecast Analysis - by Payment System
10.6.5 South and Central America: Smart Ticketing Market Breakdown, by End User
10.6.5.1 South and Central America: Smart Ticketing Market - Revenue and Forecast Analysis - by End User
10.6.6 South and Central America: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.6.6.1 South and Central America: Smart Ticketing Market - Revenue and Forecast Analysis - by Country
10.6.6.2 Brazil: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Smart Ticketing Market Breakdown, by Component
10.6.6.2.2 Brazil: Smart Ticketing Market Breakdown, by Payment System
10.6.6.2.3 Brazil: Smart Ticketing Market Breakdown, by End User
10.6.6.3 Argentina: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Smart Ticketing Market Breakdown, by Component
10.6.6.3.2 Argentina: Smart Ticketing Market Breakdown, by Payment System
10.6.6.3.3 Argentina: Smart Ticketing Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: Smart Ticketing Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Smart Ticketing Market Breakdown, by Component
10.6.6.4.2 Rest of South and Central America: Smart Ticketing Market Breakdown, by Payment System
10.6.6.4.3 Rest of South and Central America: Smart Ticketing Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Infineon Technologies AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 NXP Semiconductors NV
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Xerox Holdings Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cubic Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IDEMIA France SAS
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Giesecke Devrient GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Thales SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Confidex
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HID Global Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Siemens Energy AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index

Companies Mentioned

  • Infineon Technologies AG
  • NXP Semiconductors
  • Xerox Corporation
  • Cubic Corporation
  • IDEMIA
  • HID Global Corporation (ASSA ABLOY)
  • CPI Card Group Inc.
  • Confidex Ltd.
  • Thales Group
  • Giesecke & Devrient GmbH

Table Information