Smart Ticketing Market Size is projected to reach USD 26.97 Billion by 2031, growing at a CAGR of 12.47%: Straits Research

New York, United States, June 12, 2023 (GLOBE NEWSWIRE) -- A smart ticket is an electronic ticket typically contained on a smart card. Smart ticketing has revolutionized how we travel by increasing efficiency and safety for passengers and transportation providers. By storing and using tickets digitally on their smart cards or smartphones, travelers can avoid the hassle of carrying paper tickets; they need to tap their device or card on a validator upon entry. In addition to the transportation sector, smart ticketing is expanding in the leisure and hospitality sector, the banking and finance sector, and the healthcare sector. The growth of the intelligent transportation industry, the prevalence of contactless payments, and the rising acceptance of wearable technology are all driving the smart ticketing market.

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Growing Adoption of Advanced Technologies in Smart Ticketing Solution Drives the Global Market

Smart ticketing systems are widely used for public transportation, concerts, and sporting events. The ticketing system's efficiency depends on modern technologies like near-field communication (NFC). Furthermore, near-field communication (NFC) technology allows for fast ticket purchases and contactless payments by simply waving a card over a reader or bringing it close to the reader. NFC-enabled smartphones are used for various purposes, including conducting secure contactless transactions, gaining access to digital content, and storing tickets at transportation gates and parking garages. Mobile ticketing for public transportation systems has also seen a rise in popularity due to the time and money it can save commuters.

Use of Blockchain Technology Creates Tremendous Opportunities

Stadiums, concert halls, and other large venues frequently use smart ticketing systems.  Several issues plaguing the ticketing industry need to be addressed, including fraud, scalping, fake tickets, incomplete sales, and a lack of a consistent refund policy. Bot networks are making bulk purchases of tickets to resell on the secondary market at inflated prices. In any game, you'll notice that each player has a unique approach. Ticketing can be made more transparent and standardized with the help of blockchain technology. Smart ticketing enables event organizers to set their policies for buying, selling, refunding, and exchanging crypto-tickets.

Report Scope

Report Metric	Details
Market Size by 2031	USD 26975.15 million
Market Size in 2022	USD 9367.7 million
CAGR	12.47%
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product, By Component, By System, By Applications
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	HID Global Corporation, Gemalto NV, NXP Semiconductors, CPI Card Group, Cubic, Xerox, Giesecke & Devrient, Infineon Technologies AG, Inside Secure, and Oberthur Technologies.
Key Market Opportunities	Use of Blockchain Technology
Key Market Drivers	Growing Adoption of Advanced Technologies in Smart Ticketing Solutions

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Regional Analysis

North America is the most significant shareholder in the global smart ticketing market and is expected to grow during the forecast period. North America is expected to lead the smart ticketing market due to the region's increasing demand for process-streamlining solutions and the region's abundance of companies with experience developing such solutions. Key market players, such as Conduent, Inc., HID Global Corporation, Masabi Ltd., and others, are based in the region, which bodes well for the market's growth. Smart ticketing in various fields in the area has been made possible by the widespread availability of NFC-enabled smartphones.

Asia-Pacific is expected to grow during the forecast period. Rapid urbanization and the increasing prevalence of Internet of Things (IoT) devices like smartphones are the primary factors fueling the growth of the smart ticketing market in the Asia Pacific region. The market should also be bolstered by the fact that major players focus on expanding their operations in emerging economies such as India, China, and Indonesia. As smartphone adoption rises across the Asia-Pacific region, so makes the demand for mobile-friendly ticketing apps. Smart ticketing is just one example of the innovative technology that the Japan Smart Community Alliance (JSCA) is working to develop to help Japanese cities become more self-sufficient. Because of this, initiatives of this kind are expected to drive the market forward in the coming years.

Europe has a disproportionately large market share because of the region's increasing investment in public transportation and government programs. The European Union (EU) intends to push the transportation market forward by promoting quick, easy, and safe electronic ticketing solutions. In addition, this system is widely used in Europe's sports and entertainment industry to facilitate the sale of tickets and reduce lines at events. Innovations in smart ticketing have prompted businesses in Germany to adopt RFID, NFC, QR Codes, and barcode scanning.

LAMEA is a critical region in the smart ticketing market because of the recent massive investments in public transportation. The public transportation system in the Middle East includes metros, buses, road taxis, and water taxis. There are currently two operational lines in the fully automated metro system, with plans for three more. The total track length is 75 kilometers. The leading payment solution providers in the region are increasing their presence in this market by offering integrated payment solutions, and they are doing so by forming strategic alliances with smart ticket developers and operators.

Key Highlights

• The global smart ticketing market size is projected to reach USD 26975.15 million by 2031, growing at a CAGR of 12.47% during the forecast period (2023–2031).
• Based on product, the global smart ticketing market is bifurcated into ticket machines, e-tickets, e-kiosks, and others. The e-ticket segment is the highest contributor to the market and is expected to grow during the forecast period.
• Based on component, the global smart ticketing market is bifurcated into software and hardware. The hardware segment is the highest contributor to the market and is expected to grow during the forecast period.
• Based on the system, the global smart ticketing market is bifurcated into smart cards, open payment systems, and near-field communication. The smart card segment is the highest contributor to the market and is expected to grow during the forecast period.
• Based on application, the global smart ticketing market is bifurcated into railways and metros, sports and entertainment, airlines, and buses. The railways and metros segment is the highest contributor to the market and is expected to grow during the forecast period.

The global smart ticketing market’s major key players are

1. HID Global Corporation
2. Gemalto NV
3. NXP Semiconductors
4. CPI Card Group
5. Cubic
6. Xerox
7. Giesecke & Devrient
8. Infineon Technologies AG
9. Inside Secure
10. Oberthur Technologies.

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Global Smart Ticketing Market: Segmentation

By Product

• Ticket Machine
• E-Ticket
• E-Kiosk
• Others

By Component

• Software
• Hardware

By System

• Smart Card
• Open Payment System
• Near-Field Communication

By Applications

• Railways and Metros
• Sports and Entertainments
• Airlines
• Buses

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Sales And Distribution Channel Analysis
   4. Case Study Analysis
   5. Patent Analysis
   6. M & A Agreements & Collabration Analysis
6. ESG TRENDS
7. GLOBAL SMART TICKETING MARKET SIZE ANALYSIS
   1. Global Smart Ticketing Market Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Ticket Machine
         1. By Value
      3. E-Ticket
         1. By Value
      4. E-Kiosk
         1. By Value
      5. Others
         1. By Value
   3. By Component
      1. Introduction
         1. Component By Value
      2. Software
         1. By Value
      3. Hardware
         1. By Value
   4. By System
      1. Introduction
         1. System By Value
      2. Smart Card
         1. By Value
      3. Open Payment System
         1. By Value
      4. Near-Field Communication
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Railways And Metros
         1. By Value
      3. Sports And Entertainments
         1. By Value
      4. Airlines
         1. By Value
      5. Buses
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Ticket Machine
         1. By Value
      3. E-Ticket
         1. By Value
      4. E-Kiosk
         1. By Value
      5. Others
         1. By Value
   3. By Component
      1. Introduction
         1. Component By Value
      2. Software
         1. By Value
      3. Hardware
         1. By Value
   4. By System
      1. Introduction
         1. System By Value
      2. Smart Card
         1. By Value
      3. Open Payment System
         1. By Value
      4. Near-Field Communication
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Railways And Metros
         1. By Value
      3. Sports And Entertainments
         1. By Value
      4. Airlines
         1. By Value
      5. Buses
         1. By Value
   6. U.S.
      1. By Product
         1. Introduction
            1. Product By Value
         2. Ticket Machine
            1. By Value
         3. E-Ticket
            1. By Value
         4. E-Kiosk
            1. By Value
         5. Others
            1. By Value
      2. By Component
         1. Introduction
            1. Component By Value
         2. Software
            1. By Value
         3. Hardware
            1. By Value
      3. By System
         1. Introduction
            1. System By Value
         2. Smart Card
            1. By Value
         3. Open Payment System
            1. By Value
         4. Near-Field Communication
            1. By Value
      4. By Applications
         1. Introduction
            1. Applications By Value
         2. Railways And Metros
            1. By Value
         3. Sports And Entertainments
            1. By Value
         4. Airlines
            1. By Value
         5. Buses
            1. By Value
   7. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Product
      1. Introduction
         1. Product By Value
      2. Ticket Machine
         1. By Value
      3. E-Ticket
         1. By Value
      4. E-Kiosk
         1. By Value
      5. Others
         1. By Value
   3. By Component
      1. Introduction
         1. Component By Value
      2. Software
         1. By Value
      3. Hardware
         1. By Value
   4. By System
      1. Introduction
         1. System By Value
      2. Smart Card
         1. By Value
      3. Open Payment System
         1. By Value
      4. Near-Field Communication
         1. By Value
   5. By Applications
      1. Introduction
         1. Applications By Value
      2. Railways And Metros
         1. By Value
      3. Sports And Entertainments
         1. By Value
      4. Airlines
         1. By Value
      5. Buses
         1. By Value
   6. U.K.
      1. By Product
         1. Introduction
            1. Product By Value
         2. Ticket Machine
            1. By Value
         3. E-Ticket
            1. By Value
         4. E-Kiosk
            1. By Value
         5. Others
            1. By Value
      2. By Component
         1. Introduction
            1. Component By Value
         2. Software
            1. By Value
         3. Hardware
            1. By Value
      3. By System
         1. Introduction
            1. System By Value
         2. Smart Card
            1. By Value
         3. Open Payment System
            1. By Value
         4. Near-Field Communication
            1. By Value
      4. By Applications
         1. Introduction
            1. Applications By Value
         2. Railways And Metros
            1. By Value
         3. Sports And Entertainments
            1. By Value
         4. Airlines
            1. By Value
         5. Buses
            1. By Value
   7. Germany
   8. France
   9. Spain
   10. Italy
   11. Russia
   12. Nordic
   13. Benelux
   14. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Ticket Machine
          1. By Value
       3. E-Ticket
          1. By Value
       4. E-Kiosk
          1. By Value
       5. Others
          1. By Value
    3. By Component
       1. Introduction
          1. Component By Value
       2. Software
          1. By Value
       3. Hardware
          1. By Value
    4. By System
       1. Introduction
          1. System By Value
       2. Smart Card
          1. By Value
       3. Open Payment System
          1. By Value
       4. Near-Field Communication
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Railways And Metros
          1. By Value
       3. Sports And Entertainments
          1. By Value
       4. Airlines
          1. By Value
       5. Buses
          1. By Value
    6. China
       1. By Product
          1. Introduction
             1. Product By Value
          2. Ticket Machine
             1. By Value
          3. E-Ticket
             1. By Value
          4. E-Kiosk
             1. By Value
          5. Others
             1. By Value
       2. By Component
          1. Introduction
             1. Component By Value
          2. Software
             1. By Value
          3. Hardware
             1. By Value
       3. By System
          1. Introduction
             1. System By Value
          2. Smart Card
             1. By Value
          3. Open Payment System
             1. By Value
          4. Near-Field Communication
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Railways And Metros
             1. By Value
          3. Sports And Entertainments
             1. By Value
          4. Airlines
             1. By Value
          5. Buses
             1. By Value
    7. Korea
    8. Japan
    9. India
    10. Australia
    11. Taiwan
    12. South East Asia
    13. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Ticket Machine
          1. By Value
       3. E-Ticket
          1. By Value
       4. E-Kiosk
          1. By Value
       5. Others
          1. By Value
    3. By Component
       1. Introduction
          1. Component By Value
       2. Software
          1. By Value
       3. Hardware
          1. By Value
    4. By System
       1. Introduction
          1. System By Value
       2. Smart Card
          1. By Value
       3. Open Payment System
          1. By Value
       4. Near-Field Communication
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Railways And Metros
          1. By Value
       3. Sports And Entertainments
          1. By Value
       4. Airlines
          1. By Value
       5. Buses
          1. By Value
    6. UAE
       1. By Product
          1. Introduction
             1. Product By Value
          2. Ticket Machine
             1. By Value
          3. E-Ticket
             1. By Value
          4. E-Kiosk
             1. By Value
          5. Others
             1. By Value
       2. By Component
          1. Introduction
             1. Component By Value
          2. Software
             1. By Value
          3. Hardware
             1. By Value
       3. By System
          1. Introduction
             1. System By Value
          2. Smart Card
             1. By Value
          3. Open Payment System
             1. By Value
          4. Near-Field Communication
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Railways And Metros
             1. By Value
          3. Sports And Entertainments
             1. By Value
          4. Airlines
             1. By Value
          5. Buses
             1. By Value
    7. Turkey
    8. Saudi Arabia
    9. South Africa
    10. Egypt
    11. Nigeria
    12. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Product
       1. Introduction
          1. Product By Value
       2. Ticket Machine
          1. By Value
       3. E-Ticket
          1. By Value
       4. E-Kiosk
          1. By Value
       5. Others
          1. By Value
    3. By Component
       1. Introduction
          1. Component By Value
       2. Software
          1. By Value
       3. Hardware
          1. By Value
    4. By System
       1. Introduction
          1. System By Value
       2. Smart Card
          1. By Value
       3. Open Payment System
          1. By Value
       4. Near-Field Communication
          1. By Value
    5. By Applications
       1. Introduction
          1. Applications By Value
       2. Railways And Metros
          1. By Value
       3. Sports And Entertainments
          1. By Value
       4. Airlines
          1. By Value
       5. Buses
          1. By Value
    6. Brazil
       1. By Product
          1. Introduction
             1. Product By Value
          2. Ticket Machine
             1. By Value
          3. E-Ticket
             1. By Value
          4. E-Kiosk
             1. By Value
          5. Others
             1. By Value
       2. By Component
          1. Introduction
             1. Component By Value
          2. Software
             1. By Value
          3. Hardware
             1. By Value
       3. By System
          1. Introduction
             1. System By Value
          2. Smart Card
             1. By Value
          3. Open Payment System
             1. By Value
          4. Near-Field Communication
             1. By Value
       4. By Applications
          1. Introduction
             1. Applications By Value
          2. Railways And Metros
             1. By Value
          3. Sports And Entertainments
             1. By Value
          4. Airlines
             1. By Value
          5. Buses
             1. By Value
    7. Mexico
    8. Argentina
    9. Chile
    10. Colombia
    11. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Smart Ticketing Market Share By Manufacturers
    3. Smart Ticketing Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. HID Global Corporation
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Gemalto NV
    3. NXP Semiconductors
    4. CPI Card Group
    5. Cubic
    6. Xerox
    7. Giesecke & Devrient
    8. Infineon Technologies AG
    9. Inside Secure
    10. Oberthur Technologies.
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/smart-ticketing-market/toc

Market News

• In May 2022, to broaden its selection of high-performance passive RFID tags, HID Global acquired Vizinex RFID.
• In October 2022, Infineon is bringing sustainable and intelligent dwellings to the masses.

News Media

Global Smart Ticketing Market Grows at a Staggering CAGR of 12.47%

North America To Dominate The Smart Card Market During The Forecast Period, 2019–2026

Smart Ticketing – Redefining Travel for Travellers & Operators with Enhanced Convenience & Security

Have a Look at the Related Research Report

Smart Card Market: Information by Type (Contact, Contactless), Component (Software, Hardware), Access Type (Physical, Logical), Industry Vertical, and Region — Forecast till 2030

Online Event Ticketing Market: Information by Application (Movies, Sports, Music Events, Others), Platform (Desktop, Mobile), and Region — Forecast till 2030

Online Bus Ticketing Market: Information by Type (Mobile and Desktop), Application (Tourism, Business, and Others), and Region—Forecast till 2030

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