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Smart Ticketing Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 132
  • SKU: IRTNTR40036
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The smart ticketing market share is expected to increase by USD 9.44 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.22%.

This smart ticketing market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart ticketing market segmentation by application (transportation and sports and events) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The smart ticketing market report also offers information on several market vendors, including ASSA ABLOY AB, Atsuke SAS, Banco BTG Pactual SA, Cammax Ltd, Conduent Inc., Corethree Ltd., CPI Card Group Inc., Cubic Corp., Flowbird SAS, Giesecke and Devrient GmbH, Hitachi Ltd., IDEMIA, Infineon Technologies AG, iQ Payments Oy, NXP Semiconductors NV, Scheidt and Bachmann GmbH, Siemens AG, Thales Group, Ticketer, and VIX IP Pty Ltd. among others.

What will the Smart Ticketing Market Size be During the Forecast Period?

Smart Ticketing Market Size

Download Report Sample to Unlock the Smart Ticketing Market Size for the Forecast Period and Other Important Statistics

 

Smart Ticketing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The rise in global travel and tourism is notably driving the smart ticketing market growth, although factors such as the high cost of setting up and implementing smart ticketing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart ticketing industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Smart Ticketing Market Driver

The rise in global travel and tourism is one of the key drivers supporting the smart ticketing market growth. There has been an increase in leisure travel and business travel over the last few years. Business travel has increased both domestically and internationally as corporates are increasing their networks in various parts of the world. Tourism has been on the rise with the growth of budget airlines and the increase in the number of double-income households with high leisure spending. The stability of fuel prices also makes air travel affordable. In addition, air connectivity continues to improve in many destinations, facilitating the diversification of source markets. The increase in travel and tourism has led to a rise in demand for tickets and the need to avoid identity-related fraud. This is leading to the growth of the global smart ticketing market. The well-developed road and rail infrastructure in both developed and developing economies, such as India and China, has encouraged daily travelers to opt for public transport. Travelers prefer buses or trains rather than their own private modes of transportation. Public transport is generally less expensive and faster for long-distance routes. This has led to an increase in demand for tickets. In order to reduce waiting time and help travelers avoid long queues, transport owners are transitioning toward smart ticketing. For instance, in February 2019, Chennai Metro Rail Ltd. (Chennai Metro Rail) in India launched QR-based smart tickets, which would allow passengers to purchase tickets through mobile applications and tap the code on the scanners during payment at AFC gates. Hence, the smart ticketing market is expected to grow during the forecast period.

Key Smart Ticketing Market Trend

Increasing focus on paperless transactions is one of the key smart ticketing market trends. The increasing pollution has an adverse effect on the environment. Various governments across the world are focusing on reducing deforestation and environmental pollution. Government organizations worldwide are promoting digital transactions to reduce the use of paper and save trees. Many telecom and banking organizations have adopted online platforms for monetary transactions. The increasing focus on paperless transactions has encouraged the smart ticketing market to generate e-tickets that are sent via messages or e-mails. These e-tickets can be scanned at the venue. Viewers can book tickets at their convenience and store them on their personal devices. Digital bills contribute to the environment by eliminating the need for hard copies of tickets.

Key Smart Ticketing Market Challenge

The high cost of setting up and implementing smart ticketing is one of the factors hindering the smart ticketing market growth. Implementation of smart ticketing involves high costs in the installation of the required infrastructure. It is a huge drain on the financial resources of a country as the old system needs to be replaced with the new infrastructure. The cost of setting up and maintaining the access gates, contactless' readers, AFC systems, and validation equipment is high. The implementation of technology requires funds from the public sector, which is often associated with budget overruns and delays. Furthermore, there is a risk of technical faults as technologies are susceptible to faults, which might result in the disruption of services and fares not being collected. Smart ticketing also requires public compliance to ensure successful implementation. The implementing authority also needs to educate the public about using the new technology. Commuters must swipe the smart cards when boarding or deboarding the vehicle; otherwise, they may have to pay a penalty. Furthermore, the implementation of smart ticketing requires rationalizing fare structures, selecting the appropriate ticketing technology, and designing an implementation strategy. These factors would impact the global smart ticketing market during the forecast period.

This smart ticketing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart ticketing market as a part of the global leisure products market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart ticketing market during the forecast period.

Who are the Major Smart Ticketing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ASSA ABLOY AB
  • Atsuke SAS
  • Banco BTG Pactual SA
  • Cammax Ltd
  • Conduent Inc.
  • Corethree Ltd.
  • CPI Card Group Inc.
  • Cubic Corp.
  • Flowbird SAS
  • Giesecke and Devrient GmbH
  • Hitachi Ltd.
  • IDEMIA
  • Infineon Technologies AG
  • iQ Payments Oy
  • NXP Semiconductors NV
  • Scheidt and Bachmann GmbH
  • Siemens AG
  • Thales Group
  • Ticketer
  • VIX IP Pty Ltd.

This statistical study of the smart ticketing market encompasses successful business strategies deployed by key vendors. The smart ticketing market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Atsuke SAS - The company offers smart ticketing services such as Atsuke cloud ticketing platform. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart ticketing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Ticketing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart ticketing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Ticketing Market?

Smart Ticketing Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from Europe during the forecast period. France, Germany, the UK, Spain, and Italy are the key markets for smart ticketing market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

The increase in tourism will facilitate the smart ticketing market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the smart ticketing market was adversely affected by the outbreak of COVID-19. The outbreak resulted in the closure of the travel and tourism industry as well as the sports and events industry; the imposition of stringent nationwide lockdowns also negatively impacted the sales of tickets, both online and offline. However, in late 2020, the decline in the number of COVID-19 cases led to the resumption of transportation services across the region with certain limitations, such as social distancing. This increased the demand for smart ticketing in the region. Moreover, rising Internet penetration and the growing demand for smartphones are driving the booking of tickets using online channels. In addition, the initiation of COVID-19 vaccination drives from Q4 2020 enabled the sports and events industry to resume different activities, which will drive the growth of the market during the forecast period.

What are the Revenue-generating Application Segments in the Smart Ticketing Market?

Smart Ticketing Market Share

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The smart ticketing market share growth by the transportation segment will be significant during the forecast period. Smart ticketing is increasingly being used in various modes of transportation as it offers convenience, flexibility, and security. Smart ticketing helps passengers easily buy tickets online. Passengers can manage purchases and renewals without waiting in long queues. Low reliance on cash has provided convenience to passengers. Smart ticketing also facilitates quick boarding, which saves commuting time. In addition, smart ticketing offers additional security to passengers. Therefore, various benefits of smart ticketing over paper tickets will drive the growth of the global smart ticketing market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart ticketing market size and actionable market insights on the post-COVID-19 impact on each segment.

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Online Movie Ticketing Service market - The market share is expected to increase by USD 6.13 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.25%.

Smart Ticketing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.22%

Market growth 2022-2026

$9.44 billion

Market structure

Fragmented

YoY growth (%)

10.78

Regional analysis

Europe, North America, APAC, South America, Middle East and Africa

Performing market contribution

Europe at 40%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ASSA ABLOY AB, Atsuke SAS, Banco BTG Pactual SA, Cammax Ltd, Conduent Inc., Corethree Ltd., CPI Card Group Inc., Cubic Corp., Flowbird SAS, Giesecke and Devrient GmbH, Hitachi Ltd., IDEMIA, Infineon Technologies AG, iQ Payments Oy, NXP Semiconductors NV, Scheidt and Bachmann GmbH, Siemens AG, Thales Group, Ticketer, and VIX IP Pty Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Smart Ticketing Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart ticketing market growth during the next five years
  • Precise estimation of the smart ticketing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart ticketing industry across Europe, North America, APAC, South America, the Middle East, and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart ticketing market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Transportation - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Transportation - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
    • 5.4 Sports and events - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Sports and events - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Sports and events - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Sports and events - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Sports and events - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ASSA ABLOY AB
              • Exhibit 89: ASSA ABLOY AB - Overview
              • Exhibit 90: ASSA ABLOY AB - Business segments
              • Exhibit 91: ASSA ABLOY AB - Key offerings
              • Exhibit 92: ASSA ABLOY AB - Segment focus
            • 10.4 Atsuke SAS
              • Exhibit 93: Atsuke SAS - Overview
              • Exhibit 94: Atsuke SAS - Product / Service
              • Exhibit 95: Atsuke SAS - Key offerings
            • 10.5 Banco BTG Pactual SA
              • Exhibit 96: Banco BTG Pactual SA - Overview
              • Exhibit 97: Banco BTG Pactual SA - Product / Service
              • Exhibit 98: Banco BTG Pactual SA - Key offerings
            • 10.6 Cammax Ltd
              • Exhibit 99: Cammax Ltd - Overview
              • Exhibit 100: Cammax Ltd - Product / Service
              • Exhibit 101: Cammax Ltd - Key offerings
            • 10.7 Conduent Inc.
              • Exhibit 102: Conduent Inc. - Overview
              • Exhibit 103: Conduent Inc. - Business segments
              • Exhibit 104: Conduent Inc. - Key news
              • Exhibit 105: Conduent Inc. - Key offerings
              • Exhibit 106: Conduent Inc. - Segment focus
            • 10.8 Corethree Ltd.
              • Exhibit 107: Corethree Ltd. - Overview
              • Exhibit 108: Corethree Ltd. - Product / Service
              • Exhibit 109: Corethree Ltd. - Key offerings
            • 10.9 Cubic Corp.
              • Exhibit 110: Cubic Corp. - Overview
              • Exhibit 111: Cubic Corp. - Business segments
              • Exhibit 112: Cubic Corp. - Key offerings
              • Exhibit 113: Cubic Corp. - Segment focus
            • 10.10 Flowbird SAS
              • Exhibit 114: Flowbird SAS - Overview
              • Exhibit 115: Flowbird SAS - Product / Service
              • Exhibit 116: Flowbird SAS - Key offerings
            • 10.11 Giesecke and Devrient GmbH
              • Exhibit 117: Giesecke and Devrient GmbH - Overview
              • Exhibit 118: Giesecke and Devrient GmbH - Business segments
              • Exhibit 119: Giesecke and Devrient GmbH - Key offerings
              • Exhibit 120: Giesecke and Devrient GmbH - Segment focus
            • 10.12 Hitachi Ltd.
              • Exhibit 121: Hitachi Ltd. - Overview
              • Exhibit 122: Hitachi Ltd. - Business segments
              • Exhibit 123: Hitachi Ltd. - Key news
              • Exhibit 124: Hitachi Ltd. - Key offerings
              • Exhibit 125: Hitachi Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 126: Inclusions checklist
                • Exhibit 127: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 128: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 129: Research methodology
                • Exhibit 130: Validation techniques employed for market sizing
                • Exhibit 131: Information sources
              • 11.5 List of abbreviations
                • Exhibit 132: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Smart Ticketing market growth will increase by $9440.19 million during 2022-2026.
              The smart ticketing market is expected to grow at a CAGR of 11.22% during 2022-2026.
              Technavio has segmented the smart ticketing market by application (Transportation and Sports and events) and geographic (Europe, North America, APAC, South America, and Middle East and Africa).
              ASSA ABLOY AB, Atsuke SAS, Banco BTG Pactual SA, Cammax Ltd, Conduent Inc., Corethree Ltd., CPI Card Group Inc., Cubic Corp., Flowbird SAS, Giesecke and Devrient GmbH, Hitachi Ltd., IDEMIA, Infineon Technologies AG, iQ Payments Oy, NXP Semiconductors NV, Scheidt and Bachmann GmbH, Siemens AG, Thales Group, Ticketer, VIX IP Pty Ltd. are a few of the key vendors in the smart ticketing market.
              Europe will register the highest growth rate of 40.36% among the other regions. Therefore, the smart ticketing market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the smart ticketing market growth are:
              • Rise in global travel and tourism
              • Use of blockchain technology in ticketing systems
              The smart ticketing market vendors should focus on grabbing business opportunities from the transportation segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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