Global Smart Ticketing Market Report 2021

Dublin, 08 Feb. 2022 (GLOBE NEWSWIRE) — The ‘Global Smart Ticketing Market 2021-2027’ report has been added to from offer

The key aspect driving the growth of the market includes the adoption of smart ticketing solutions in the transportation industry.

However, COVID-19 has impacted the smart ticketing market. The pandemic has affected the supply chain and logistics operations of companies globally. Moreover, the travel restriction due to lockdown to curb the spread of the virus has severely affected the smart ticketing market.

Based on components, the market is segmented into hardware and software. Among the components, the software segment is expected to have a considerable market share during the forecast period. Based on application, the market is segmented into Parking & Transportation and Sports & Entertainment. Among the application segment, the parking and transportation segment is expected to hold a lucrative share of the market during the forecast period, owing to the increase in smart city projects and emphasis on infrastructure development transport.

The regional growth of the market is attributed to increasing disposable income in economies such as China and India coupled with population growth and urbanization. North America held a major market position in the global smart ticketing market in 2020.

Well-developed infrastructure and growing investments in automobiles and transportation are some of the key factors driving the growth of the regional market. Europe is the second largest market in 2020 due to early adoption of advanced technologies in the region and well-developed infrastructure.

Initiatives associated with competitive pricing can sustain an increase in market share over a projected period of time. Manufacturers are investing heavily in new technologies. Moreover, new launches and developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain themselves in the highly competitive market.

For example, in February 2021, HID Global acquired TSL UK Ltd, a global supplier of handheld RFID readers. The expansion of the RFID component business with TSL readers provides HID Global with a one-stop-shop to offer RFID hardware and integration tools.

In addition, Thales Group, NXP Semiconductors NV, and Infineon Technologies AG among others are some of the key players in the global smart ticketing market.

Company Profiles

  • Assa Abloy AB
  • Atsuke
  • Conduit, Inc.
  • stream bird
  • Confidex Ltd.
  • Giesecke & Devrient GmbH
  • Hitachi, Ltd.
  • IDEMIA SAS (Advent International, Inc.)
  • Scheidt & Bachmann GmbH
  • Siemens AG

Main topics covered:

1. Summary of the report
1.1. Research methods and tools
1.2. Market Breakdown
1.2.1. By segments
1.2.2. By geography

2. Overview and Market Overview
2.1. Report scope
2.2. Analyst overview and current market trends
2.2.1. Main conclusions
2.2.2. Conclusion
2.3. Porter’s analysis

3. Competitive Landscape
3.1. Key business analysis
3.1.1. Thales Group
3.1.2. NXP Semiconductors AG
3.1.3. Infineon Technologies SA
3.2. Key strategic analysis
3.3. Impact of COVID-19 on key players

4. Market drivers
4.1. Motivators
4.2. Constraints
4.3. Opportunities

5. Market segmentation
5.1. Global Smart Ticketing Market by Component
5.1.1. Equipment
5.1.2. Software
5.2. Global Smart Ticketing Market, By Application
5.2.1. Parking and transportation Railways Roadways Airlines companies
5.2.2. Sports and entertainment

6. Regional analysis
6.1. North America
6.1.1. we
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. The rest of Europe
6.3. Asia Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the world

7. Company Profiles

  • Assa Abloy AB
  • Atsuke
  • Conduent, Inc. and Flowbird
  • Confidex Ltd.
  • Giesecke & Devrient GmbH
  • Hitachi, Ltd.
  • IDEMIA SAS (Advent International, Inc.)
  • Scheidt & Bachmann GmbH
  • Siemens AG

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