Smart Ticketing Market

The Smart Ticketing Market is expected to expand at a CAGR of 14.1% during the forecast period. Smart ticketing system provides safety from fraud, offers passengers with credit, and helps in elimination of long queue. Rising application of smart ticketing in tourism industry because of its user-friendly feature will strengthen the smart ticketing market size.

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Smart Ticketing Market Dynamics

Smart ticketing is a remarkable innovation in the ticketing system as it is highly economical and effective for the passenger to manage their travels in public transport. An individual can place credit amount on their tickets in advance and can transfer or recover the ticket if it gets stolen or lost. Moreover, the growing prominence of blockchain in smart ticketing is one of the major factors fuelling the market growth. The smart ticketing market report asserts that the smart ticketing solutions can be reconciled with the current smart systems and infrastructure. It helps to improve customer involvement via a range of value-added services and allows the passenger to access the passenger data. Rapid urbanization will further support the market expansion. According to the UN, nearly 55% of the total population lived in urban areas. The number is expected to reach 68% while adding nearly 2.5 billion people to the urban areas. The government across several nations is focussing on implementing the smart ticketing solutions, especially in the smart cities. The surging demand for smart ticketing, especially from the entertainment, sports, and tourism sector, is another major factor compelling the market share. As stated by the Rail Delivery Group (RDF), there was a surge in the train journeys because of the introduction of smart tickets, with the total number totalling 65 million. On the other hand, as per the smart ticketing market report, the high setup cost of smart ticketing systems is a major factor hindering the market growth.

Market Segmentation
Smart Ticketing Market by Component
  • Hardware
  • Software
  • Services
Smart Ticketing Market by Application
  • Parking
  • Sports & Entertainment
  • Transportation
  • Others
Smart Glass Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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