The report on the global Transport Ticketing Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
— Market Analysis
The global transport ticketing market is predicted to grow at a 10% CAGR over the forecast period (2018-2023), reveals the new Market Research Future (MRFR) report. Public transport is of utmost importance for making cities livable and attractive. Modern technologies aid in meeting increasingly complex needs. This is an era where people are on the lookout for comfortable mobility, which goes much beyond the traditional offers of trains and buses. Bike rental and car sharing at busy stations have increased the chance of staying mobile always. It rests on the providers in combining every concept and simultaneously offer diverse and attractive payment methods.
Mobile/smart tickets are replacing public transport tickets increasingly. Here tickets are stored electronically on the microchip instead of printing on paper tickets. The microchip where ticket details are stored in maximum smart ticketing systems is embedded in the smartcard. Transport ticketing services which provide smart ticketing solutions enables passengers in checking top-up value, buy and load tickets as well as check the contents on the wallet that can be accessed even during situations when the smartphone is offline. These specifications of the transport ticket system help in seamless travel within and between cities, countries, and regions with various modes of transport.
Various factors are driving the growth of the transport ticketing market. These factors, in accordance with the Market Research Future (MRFR) report, include replacement of paper tickets, and affordable and easy access to smart transit systems due to rapid adoption of smart technologies as well as successful implementation of the smart ticketing system. Additional factors pushing the market growth include expansion of transport and tourism industry, growing number of travelers, growing number of metro cities across the world, rapid growth in sales of commercial cars, urbanization, rising population, and initiatives undertaken by the government to control traffic congestion.
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The Market Research Future report offers a wide segmental analysis of the transport ticketing market based on application, system, and product.
Based on product, the transport ticketing market is segmented into e-kiosk, request tracker, parking system, e-ticket, e-toll, and others. Of these, the e-kiosk segment is predicted to grow at the highest CAGR over the forecast period. This is owing to the fact that this helps to reduce the manual operation, thereby prove to be highly effective, especially during peak hours of transportation.
Based on system, the transport ticketing market is segmented into smartphone and smart card.
Based on application, the transport ticketing market is segmented into ships, airlines, personal vehicles, buses, and railways and metros.
Leading players profiled in the transport ticketing market report include Infineon Technologies AG (Germany), Rambus Incorporated (US), AEP Ticketing Solutions (Signa), Xerox Corp. (US), Cubic Corp. (US), CPI Card Group Inc. (US), Accenture Plc (Ireland), NXP Semiconductors (US), Gemalto NV (Netherlands), and HID (US), among others.
June 2019: Pokhara Metropolitan City is all set to introduce an e-ticketing system for public transport in the city from mid-July.
Based on the region, the Transport Ticketing Market report covers growth opportunities and the latest trends across Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. This is owing to increasing use of smart ticketing solutions as well as more emphasis being laid on smart road development and smart city projects. The transport ticketing technology implementation made by the government is growing rapidly owing to urbanization and increased traffic congestion. Higher investments made by the government for better management as well as control of traffic rules, smart lighting, and smart city development is rising in the region.
The transport ticketing market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to rising use of mobile devices, and huge investment made by the government to reduce traffic congestion, manual data records, and air traffic volume.
LIST OF TABLES
TABLE 1 TRANSPORT TICKETING MARKET, BY PRODUCT
TABLE 2 TRANSPORT TICKETING MARKET, BY SYSTEM
TABLE 3 TRANSPORT TICKETING MARKET, BY APPLICATION
TABLE 4 TRANSPORT TICKETING MARKET, BY REGION
TABLE 5 NORTH AMERICA TRANSPORT TICKETING MARKET, BY PRODUCT
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 TRANSPORT TICKETING MARKET: BY PRODUCT (%)
FIGURE 3 TRANSPORT TICKETING MARKET: BY SYSTEM (%)
FIGURE 4 TRANSPORT TICKETING MARKET: BY APPLICATION (%)
FIGURE 5 TRANSPORT TICKETING MARKET: BY REGION (%)
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