Smart Ticketing Market Size, Share, Growth, Outlook, 2023-2030

Increasing Demand from Transportation Sector to Boost Smart Ticketing Market Growth

Smart ticketing is emerging as the most sought after solution in the transportation sector. Smart ticketing is an efficient way to manage public transportation travel for passengers. Use of smart technology in tourism and travel industry has further fuelled the smart ticketing market growth. Use of virtual philanthropy, contactless smart cards, smartphones, variables, artificial intelligence and maps has increased the convenience factor among individuals. This has fuelled the demand for smart ticketing solutions worldwide, giving an impetus to the market growth. Moreover, benefits awarded by smart ticketing solutions such as pre loading of credit in smart tickets for an individual’s future travel, transference of money to another smart card or recovery of money to another card in case of theft have positioned smart ticketing as a safe, secure and convenient way for travelling. This has boosted its use in the transit and transportation sector, consequently bolstering growth of the smart ticketing market.

According to industry reports, the global smart ticketing market crossed a valuation of US$7 Bn in 2020 and is anticipated to surge at a rate of more than 14% CAGR in the next six years. Growth of the market is mainly accelerated by developed countries in Europe and emerging economies in Asia Pacific, backed by technological advancements and their use in the tourism and transportation sectors.

Use of NFC to Boost Popularity of Mobile Smart Ticketing

Integration of advanced technology such as near field communication (NFC) has played a crucial role in enhancing smart ticketing performance. NFC facilitates quicker transactions as it allows transfer through simply placing smart card on the card reader. NFC enabled smartphones are widely used in performing contactless and safe transactions as well as access digital content. This has resulted in their use in public transportation in order to save cost and time alongside providing high value or each journey. That said, adoption of NFC technology has pushed the demand for mobile smart ticketing among individuals.

Europe to Account for a Significant Share in the Smart Ticketing Market; Asia Pacific to Reflect High Lucrativeness

Developed economies in Europe region are likely to showcase high lucrativeness for growth of smart ticketing market. Vendors of smart ticketing are establishing their roots in Europe owing to its advanced technological infrastructure and are providing integrated payment solutions by collaborating with mid to small scale smart ticketing operators and developers. The demand for smart ticketing in the region is largely driven by the tourism sector coupled with a simplified technology ecosystem. Moreover, government authorities are promoting use of contactless payment modes in the transportation sector by allowing individuals to use a single smart card. Smart card provides portability, convenience along with flexibility to individuals and also features varied ticket range, third party services and other transportation services and products. For instance, in London, the Oyster, a contactless payment card, is being used for PAYG (Pay As You Go). That said, demand for convenience and contactless speedy transactions are fuelling use of smart ticketing components in Europe.

On the other hand, the demand for smart ticketing across emerging countries in Asia Pacific is poised to increase in the coming years. This can be attributed towards various macro aspects such as increasing investments in Asian countries, rising inclination towards new technology and adoption of novel solutions to enhance life quality of individuals. In addition, growing support of governments and their initiatives to adopt digital payment systems has further paved potential pathways for use of smart ticketing. For instance, Government of India has launched Digital India initiative to promote use of digital payment modes. In this backdrop, volley of opportunities lie in Asia Pacific and key players in the smart ticketing market can focus to expand their footprint in the region.

Smart Ticketing Market: Competitive Landscape

Major players in the smart ticketing market are focusing on partnerships, new product launches and strategic collaborations to enhance their market presence. For instance, in February 2021, Infineon Technologies introduced 40 nm SLC36/SLC37 controller platforms featuring high performance security chips with a dual interface. These platforms offer better flexibility and performance for contactless payments and ticketing. Likewise, same year, Pyramid Computer and Scheidt & Bachmann entered into a partnership to promote self checkout solutions. The partnership enabled Scheidt & Bachmann to develop and promote the intuitive SIQMA smart checkout solution. In 2021, TSL UK Ltd was acquired by HID Global. This acquisition will enable HID to offer RFID integration tools and hardware. Same year in September, HID implemented SDK (Software Development Kit) in its ticketing solution. This gives individuals a secure and convenient ticketing solution on smartphones.

Few of the key players in the smart ticketing market include Germalto Nv (Thales Group), Conduent Inc., Cubic Corporation, HID Global, Infineon Technologies AG, ACT, NXP Semiconductors, and Siemens.

Regional Classification of the Global Smart Ticketing Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Smart Ticketing Market

Smart Ticketing Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value, 2018 - 2022
Market Value at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Smart Ticketing Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
  2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. PAYG Rail Ticketing System – Overview
2.9. Economic Analysis
2.10. PESTLE

3. Global Smart Ticketing Market Outlook, 2018 - 2030
3.1. Global Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  3.1.1. Key Highlights
  3.1.1.1. Hardware
  3.1.1.2. Software
  3.1.1.3. Services
3.2. Global Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  3.2.1. Key Highlights
  3.2.1.1. Open Payment System
  3.2.1.2. Smart Card
  3.2.1.3. Near-field Communication
3.3. Global Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  3.3.1. Key Highlights
  3.3.1.1. Parking
  3.3.1.2. Sports & Entertainment
  3.3.1.3. Transportation
  3.3.1.4. Others
3.4. Global Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  3.4.1. Key Highlights
  3.4.1.1. SMEs
  3.4.1.2. Large Enterprises
3.5. Global Smart Ticketing Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
  3.5.1. Key Highlights
  3.5.1.1. North America
  3.5.1.2. Europe
  3.5.1.3. Asia Pacific
  3.5.1.4. Latin America
  3.5.1.5. Middle East & Africa
  3.5.2. BPS Analysis/Market Attractiveness Analysis

4. North America Smart Ticketing Market Outlook, 2018 - 2030
4.1. North America Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  4.1.1. Key Highlights
  4.1.1.1. Hardware
  4.1.1.2. Software
  4.1.1.3. Services
4.2. North America Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  4.2.1. Key Highlights
  4.2.1.1. Open Payment System
  4.2.1.2. Smart Card
  4.2.1.3. Near-field Communication
4.3. North America Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  4.3.1. Key Highlights
  4.3.1.1. Parking
  4.3.1.2. Sports & Entertainment
  4.3.1.3. Transportation
  4.3.1.4. Others
4.4. North America Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  4.4.1. Key Highlights
  4.4.1.1. SMEs
  4.4.1.2. Large Enterprises
4.5. North America Smart Ticketing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
  4.5.1. Key Highlights
  4.5.1.1. U.S.
  4.5.1.2. Canada
  4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Smart Ticketing Market Outlook, 2018 - 2030
5.1. Europe Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Hardware
  5.1.1.2. Software
  5.1.1.3. Services
5.2. Europe Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Open Payment System
  5.2.1.2. Smart Card
  5.2.1.3. Near-field Communication
5.3. Europe Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  5.3.1. Key Highlights
  5.3.1.1. Parking
  5.3.1.2. Sports & Entertainment
  5.3.1.3. Transportation
  5.3.1.4. Others
5.4. Europe Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  5.4.1. Key Highlights
  5.4.1.1. SMEs
  5.4.1.2. Large Enterprises
5.5. Europe Smart Ticketing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
  5.5.1. Key Highlights
  5.5.1.1. Germany
  5.5.1.2. France
  5.5.1.3. U.K.
  5.5.1.4. Italy
  5.5.1.5. Spain
  5.5.1.6. Russia
  5.5.1.7. Rest of Europe
  5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Smart Ticketing Market Outlook, 2018 - 2030
6.1. Asia Pacific Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Hardware
  6.1.1.2. Software
  6.1.1.3. Services
6.2. Asia Pacific Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Open Payment System
  6.2.1.2. Smart Card
  6.2.1.3. Near-field Communication
6.3. Asia Pacific Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Parking
  6.3.1.2. Sports & Entertainment
  6.3.1.3. Transportation
  6.3.1.4. Others
6.4. Asia Pacific Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  6.4.1. Key Highlights
  6.4.1.1. SMEs
  6.4.1.2. Large Enterprises
6.5. Asia Pacific Smart Ticketing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
  6.5.1. Key Highlights
  6.5.1.1. China
  6.5.1.2. Japan
  6.5.1.3. South Korea
  6.5.1.4. India
  6.5.1.5. Southeast Asia
  6.5.1.6. Rest of Asia Pacific
  6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Smart Ticketing Market Outlook, 2018 - 2030
7.1. Latin America Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Hardware
  7.1.1.2. Software
  7.1.1.3. Services
7.2. Latin America Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Open Payment System
  7.2.1.2. Smart Card
  7.2.1.3. Near-field Communication
7.3. Latin America Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Parking
  7.3.1.2. Sports & Entertainment
  7.3.1.3. Transportation
  7.3.1.4. Others
7.4. Latin America Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  7.4.1. Key Highlights
  7.4.1.1. SMEs
  7.4.1.2. Large Enterprises
7.5. Latin America Smart Ticketing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
  7.5.1. Key Highlights
  7.5.1.1. Brazil
  7.5.1.2. Mexico
  7.5.1.3. Rest of Latin America
  7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Smart Ticketing Market Outlook, 2018 - 2030
8.1. Middle East & Africa Smart Ticketing Market Outlook, by Components, Value (US$ Mn), 2018 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Hardware
  8.1.1.2. Software
  8.1.1.3. Services
8.2. Middle East & Africa Smart Ticketing Market Outlook, by System, Value (US$ Mn), 2018 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Open Payment System
  8.2.1.2. Smart Card
  8.2.1.3. Near-field Communication
8.3. Middle East & Africa Smart Ticketing Market Outlook, by End-use, Value (US$ Mn), 2018 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Parking
  8.3.1.2. Sports & Entertainment
  8.3.1.3. Transportation
  8.3.1.4. Others
8.4. Middle East & Africa Smart Ticketing Market Outlook, by Org Size, Value (US$ Mn), 2018 - 2030
  8.4.1. Key Highlights
  8.4.1.1. SMEs
  8.4.1.2. Large Enterprises
8.5. Middle East & Africa Smart Ticketing Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
  8.5.1. Key Highlights
  8.5.1.1. GCC
  8.5.1.2. South Africa
  8.5.1.3. Rest of Middle East & Africa
  8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
9.1. Company Market Share Analysis, 2022
9.2. Competitive Dashboard
9.3. Company Profiles
  9.3.1. Confidex Ltd
  9.3.1.1. Company Overview
  9.3.1.2. Product Portfolio
  9.3.1.3. Financial Overview
  9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  9.3.2. Cubic Corporation
  9.3.3. Hid Global Corporation (Assa Abloy AB)
  9.3.4. Hitachi Ltd.
  9.3.5. Indra Sistemas S.A.
  9.3.6. Infineon Technologies AG
  9.3.7. NXP Semiconductors N.V.
  9.3.8. Rambus Incorporated
  9.3.9. Scheidt & Bachmann GmbH
  9.3.10. Softjourn Inc.
  9.3.11. Thales Group
  9.3.12. Verimatrix.

10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Smart Ticketing Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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