Press Release / Technology / Smart Ticketing Market Research Report by Forecast to 2023

Smart Ticketing Market Research Report by Forecast to 2023

Smart Ticketing Market Overview:
In this rapidly changing world of technology, smart ticketing market is projected to show major growth prospects during the forecast period. The continuous developments and increasing technological advancements are major factors leading to rapid adoption of smart ticketing services.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of smart ticketing market. Europe is expected to hold the largest market share and dominate the smart ticketing market. In Europe, the presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of Smart Ticketing Market.
Early adoption of smart ticketing technology in their public transportation and increased business needs are other major factors driving the growth of smart ticketing market. Another major factor driving the growth of smart ticketing market in the Europe region is the presence of key players like Oberthur Technologies (France), ASK (France), and Infineon Technologies AG (Germany), among others.
The smart ticketing market is growing rapidly over 8% of CAGR and is expected to reach at approx. USD 12 billion by the end of forecast period.
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Major Key Players:
The prominent players in the Smart-Ticketing market are - Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (U.S.), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France), Xerox Corporation (US), Confidex Ltd. (Finland), Cubic Corporation (US), ASK (France) and others are profiled in Market Research Future analysis and are at the forefront of competition in the global smart-ticketing market. 
Key players in the market include Gemalto NV (Netherlands), NXP Semiconductors (US), Rambus (US), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), Inside Secure (France) and many others.
Industry News:
April 18, Masabi and Chalo target Indian transport ticketing market
Masabi and Chalo announced its partnership to offer mobile fare collection and journey planning technology in the Indian market. Transport operators using the system would gain access to passenger and real-time vehicle information, helping them optimize services across their networks.
Smart-Ticketing Market Global Market Segmentation Segmentation by component:
Software, HardwarePOS terminal equipment, cards & microchips and card reader

Segmentation by product: ticket machine, e-ticket, e-kiosk, smart parking system, e-toll, request tracker and others
Segmentation by system: smart card, open payment system and near field communication system
Segmentation by application: railways & metros, sports & entertainment, airlines, buses and others
Segmentation by region: North America, Europe, Asia-Pacific and rest of the world

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Smart Ticketing Market Market Regional Analysis:
The regional analysis of Smart-Ticketing market is studied for North America, Europe, Asia-Pacific and rest of the world.
Europe is expected to dominate the smart ticketing market owing to the high rate of adoption of the smart ticketing system in Germany, U.K. and Sweden in their public transportation network which has enabled the region to gain the largest market share. Also, Asia Pacific is expected  to be an attractive market for key stakeholders in the years to come.
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