DUBLIN--(BUSINESS WIRE)--The "Smart Ticketing Market by Offering (Hardware, Software and Services), Application (Transportation (Roadways, Railways, Airways), Sports & Entertainment), Revenue Channel, Connectivity, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The smart ticketing market is projected to reach USD 20.4 billion by 2023 from USD 10.1 billion by 2018, at a CAGR of 14.99%.
Major drivers for market growth are the affordable access to rapid transit with the help of smart transit systems, huge demand for smart ticketing from travel and tourism industry, advanced technologies in the smart ticketing systems, and the upsurge in the intelligent transportation market. However, the high setup cost and centralized framework for smart ticketing systems are the factors expected to restrict the growth of the said market.
The smart ticketing market for software & services based on offering is expected to grow at a higher CAGR during the forecast period. Although hardware and software components together form a smart transit system, the software interface needs to be updated frequently to maintain compatibility with all the traditional and advanced technologies.
The introduction of smart ticketing options in sports and entertainment applications makes transaction secure and convenient. Event providers are exploring their unique ideas to improve an attendee's ticketing experience by using software such as SAP solution that engages fans and customers in real time. The giant player - Amazon (US) - is setting its footstep in ticketing business by announcing its global expansion of ticketing services in Europe, APAC, and the US.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Smart Ticketing Market, By Offering
7 Smart Ticketing Market, By Connectivity
8 Smart Ticketing Market, By Application
9 Smart Ticketing Market, By Revenue Channel
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- CGI Group
- Cubic Corporation
- Gemalto Nv
- Hid Global
- Indra Sistemas
- Infineon Technologies
- Inside Secure
- Mobile Payment Solutions Co. Ltd.
- NJ Transit
- Paragon ID
- Scheidt & Bachmann
- Smart Card IT Solutions
- Vix Technology
For more information about this report visit https://www.researchandmarkets.com/research/33zwhm/smart_ticketing?w=4