Smart Ticketing Market Size By Component (Hardware, Software, Service), By Offering (Smart Cards, Smart Card Readers, Ticket Validators, Ticketing Mobile Terminals, Request Tracker, Ticketing Machine/Smart Ticketing Kiosk, E-Toll), By Connectivity (RFID, Barcode, Near Field Communication (NFC), Cellular Network, Wi-Fi), By End-Use (Parking, Sports & Entertainment, Transportation [Roadways, Railways, Airways]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4836  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 300   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Smart Ticketing Market size valued at USD 7.5 billion in 2019 and is set to grow at 19% CAGR from 2020 to 2026. Growing penetration of digitalization across the transportation industry globally is fueling the industry growth.
 

Government and administrative authorities are establishing smart ticketing systems to liberalize the public transport market and to increase cost-effectiveness. Authorities are trying to offer a transport network to the public, which is accessible, affordable, and integrated with smart solutions.
 

Smart Ticketing Market

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These solutions help reduce human intervention and automates processes, improving the transit system. Smart ticketing facilitates easy accessibility to travellers/users for tracking several transit parameters and enables transport authorities to provide improved services to customers with the help of the latest technologies.
 

According to the UN, in 2019, around 55% of the global population lived in urban areas. The UN forecasts that by 2050 the number will reach to 68%, adding around 2.5 billion people to city areas. An increase in the urban area population will, in turn, put tremendous pressure on the existing public transport systems, stressing the need for efficient transport solutions to streamline daily activities.
 

The ongoing coronavirus (COVID-19) pandemic will hinder the smart ticketing market growth. The pandemic has impacted commerce in various countries, such as travel restrictions, closing of restaurants & bars, and the cancellation of important trade fairs & sporting events, all contributing to financial loss for global economies.
 

Countries that are reliant on the entertainment, tourism, travel, and hospitality industries have witnessed economic losses. The market will regain traction with normal resumption of public transport systems in the second half of 2020. Government organizations in several countries are supporting the market adoption of smart ticketing and payment solutions to avoid the spread of virus through bank notes or coins.
 

Smart Ticketing Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 7.5 Billion
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 19% 2026 Value Projection: USD 20 Billion
Pages: 300 Tables, Charts & Figures: 375
Geographies covered (20): U.S., Canada, UK, Germany, France, Italy, Spain, Benelux, Nordics, China, India, Japan, South Korea, Singapore, Australia & New Zealand, Brazil, Mexico, Argentina, South Africa, GCC
Segments covered: Component, Offering, Connectivity, End-Use and Region
Companies covered (20): Confidex Ltd., CPI Card Group Inc., Cubic Corporation, Gemalto N.V. (Thales Group), Giesecke & Devrient GmbH, HID Global Corporation (ASSA ABLOY AB), IDEMIA, Indra Sistemas, Infineon Technologies, Inside Secure, Masabi, NXP Semiconductors NV, Paragon ID, Rambus, Scheidt & Bachmann GmbH, Smart Card It Solutions, Softjourn, Ticketer, Vix Technology, Xerox Corporation
Growth Drivers:
  • Urbanization and government investments in smart transportation industry globally
  • High demand for cashless transactions globally
  • Demand for seamless ticketing experience in entertainment and sports industry
  • Increasing investment in railway infrastructure in Asia Pacific
  • Demand for Pay-as-you-go ticketing service among commuters in Europe and North America
  • Expansion of intelligent transportation industry in Latin America & MEA
Pitfalls & Challenges:
  • High implementation costs
  • Data safety and security concerns

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Market demand for efficient transaction and data management solutions

Smart ticketing software solutions market is projected to expand at 20% CAGR over 2020 - 2026. These solutions combine back-office processing and analytics systems with mobile applications, web portals, and smart cards to deliver comprehensive reports to local authorities and transport operators. Data analytics improves profitability and optimizes smart transport schemes through access to real-world travel statistics and provides easy management of transaction information to ensure precise travel reimbursements. A centralized software helps operators/authorities to connect with the data from multiple nodes, simplifying the transit data management process.
 

Growing market adoption of contactless cards for passenger convenience will fuel the U.S. smart ticketing market growth

In the U.S., smart ticketing cards will witness steady market growth during 2020 to 2026 owing to the increasing usage of smart cards in the transportation industry to facilitate hassle-free travel. Smart cards help travellers/users store and use their tickets electronically, eliminating the need for paper tickets. These cards also allow users to tap their smart card on a device, gate, or validator for travel access and can also be used for parking and transit fare payments.
 

The U.S. transport agencies, Los Angeles County Metropolitan Transportation Authority and Port Authority of New York & New Jersey have integrated fare collection systems that accept contactless smart cards at entry and exit points. Enhanced access control offered by smart cards will encourage transport authorities to implement smart ticketing solutions, thereby fueling the market demand.
 

Popularity of NFC-based smart ticketing solutions for efficient payment and access control

South Korea Smart Ticketing Market

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NFC based smart ticketing permits transactions between two electronic devices when they are placed within 4 cm distance from each other. In South Korea, Korea Tour Card, Cashbee, and T-money are transportation cards used on public buses in several metropolitan cities and locations throughout the country. With the card, passengers can save the hassle of buying single journey tickets for every ride and avail discounts during transfers from one bus to another or from bus to subway.
 

The technology enables mobile devices to be used as tickets, which provides convenience to the traveler and saves operational costs for the operator by substantially reducing card lifecycle management expenses. A Central Clearing House System (CCHS) enables multi-modal transport, wherein it identifies the associated unique ID number, the fare media, and the identity of the person while allocating the fare for each individual transport mode water way, railway, metro and bus between destinations.
 

Rapid urbanization has led to growing number of vehicles on road, surging the market demand for efficient smart ticketing solutions

Parking applications accounted for around 25% of smart ticketing market share in 2019. Several businesses are integrating smart contactless card technologies at parking spaces to ensure optimum space for the growing urban population. NEC Corporation’s smart parking system enhances customers’ parking experience with technology such as real-time monitoring with data analysis, reports, filters, inspection tools, and smart alerts.
 

NEC Application Dashboard enables parking management authorities to monitor and control parking with data analysis. Similarly, Cognito Tech Solutions offers solutions such as online parking booking facility to prevent overcrowding and solutions to enhance safety at parking lots with anti-collision techniques.
 

Europe smart ticketing market will witness steady market growth

Europe Smart Ticketing Market

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In 2019, the Europe market held for 30% share and is poised to observe more than 18% CAGR through 2026. Several countries in the region have adopted contactless payment methods in their transportation sector to provide convenience, portability, and flexibility to customers by allowing them to carry one smart card that holds a range of tickets, other transport products, and third-party services.
 

In February 2019, the UK government announced plans to ensure smart ticketing across urban and regional areas. The government aims to deliver the Pay-As-You-Go (PAYG) structure to simplify and enhance journeys for passengers.
 

In England, the government has allocated USD 176 million to the multi-modal PAYG program that is being progressed by Transport for the North. Transport for London accepts contactless card payments (OYSTER) for PAYG travel across the bus, Tube, Docklands Light Railway (DLR), tram, and London Overground network.
 

Major market players are focusing on business expansion initiatives to gain market share in untapped markets

Key market players operating in the smart ticketing market include CPI Card Group, Inc., Cubic Corporation, Gemalto NV (Thales Group), Giesecke & Devrient, GmbH, Infineon Technologies, Rambus, Inc., HID Global Corporation (ASSA Abloy AB), Idemia, NXP Semiconductors N.V., Softjourn, Ticketer, and Xerox Corporation.
 

Industry players are undertaking strategic initiatives, such as mergers and acquisitions, to expand and strengthen their market presence. For instance, in May 2019, Rambus, Inc., which specializes in smart ticketing solutions for public transport, partnered with Infineon Technologies AG to promote smart ticketing solutions for smart cards and mobile to enhance mobility services globally.
 

The smart ticketing market players will integrate their expertise on the CIPURSE open standard for smart card and mobile ticketing to offer end users with future proof transport ticketing solutions. The market players focusing on launching innovative solutions for the transport sector will drive the market demand.
 

This market research report on smart ticketing includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2026 for the following segments:
 

Market, By Component

  • Hardware
  • Software
  • Services

Market, By Offering

  • Smart cards
  • Smart card reader
  • Ticket validators
  • Ticketing mobile terminals
  • Request tracker
  • Ticketing machine/Smart ticketing kiosk
  • E-toll

Market, By Connectivity

  • RFID
  • Barcode
  • Near Field Communication (NFC)
  • Cellular network
  • Wi-Fi

Market, By End use

  • Parking
  • Sports & entertainment
  • Transportation
    • Roadways
    • Railways
    • Airways
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Australia & New Zealand (ANZ)
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa

Frequently Asked Questions (FAQ) :

In 2019, the global smart ticketing industry size valued at USD 7.5 billion and is expected to spur at 19% CAGR through 2026.
The smart ticketing software solutions market is anticipated to grow at 20% CAGR through 2026 as a centralized software allows authorities/operators to link with the data from multiple nodes, further simplifying the transit data management process.
Parking application accounted for about 25% of the global smart ticketing industry share in 2019. The segment is projected to witness lucrative growth in the coming years.
The Europe smart ticketing industry accounted for a 30% market share in 2019 and is expected to observe 18% CAGR through 2026.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 300
  • Tables: 346
  • Charts / Figures: 29
  • Companies covered: 20
  • Countries covered: 20

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