According to IMARC Group’s latest report, tittle “Smart Ticketing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global market reached a value of US$ 15.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.3 Billion by 2027, exhibiting at a CAGR of 12.4% during 2022-2027.
Smart Ticketing Market Overview:
Smart ticketing refers to a technological solution that offers convenient, quick, easy-to-use and contactless generation of tickets through digital tools. It involves the use of smartcards and e-ticketing devices embedded with microchips. Smart tickets provide a seamless traveling and entertainment experience and aid in minimizing the dependence on physical ticketing counters at stations, theatres and stadiums. The ticketing solutions are usually integrated with online payment solutions for enhanced convenience of the user. As a result, it finds extensive applications used across various industries, such as entertainment, transportation, gaming, healthcare and sports.
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Smart Ticketing Market Trends:
The global smart ticketing market is primarily being driven by significant growth in the entertainment industry, along with the increasing preference for booking tickets online among the masses. Moreover, various technological advancements, such as the launch of mobile applications and websites, e-ticket solutions, digital transaction, biometric and QR code solutions integrated with artificial intelligence (AI) and the Internet of Things (IoT) solutions, are favoring the market growth. Other factors, including the increasing utilization of smart ticketing in the transportation industry, along with the availability of attractive offers and discounts on online ticketing applications, are creating a positive outlook for the market.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Report Scope of Smart Ticketing Market :
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product, Component, System, Application, Region |
Competitive Landscape:
- Confidex Ltd.
- Cubic Corporation
- Hid Global Corporation (Assa Abloy AB)
- Hitachi Ltd.
- Indra Sistemas S.A.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Rambus Incorporated
- Scheidt Bachmann GmbH
- Softjourn Inc.
- Thales Group and Verimatrix.
Key Market Segmentation:
Breakup by Product:
- Ticket Machine
- E-Ticket
- E-Kiosk
- Request Tracker
- Others
Breakup by Component:
- Software
- Hardware
Breakup by System:
- Open Payment System
- Smart Card
- Near-Field Communication
Breakup by Application:
- Sports and Entertainment
- Transportation
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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