The global smart ticketing market is projected to grow at a modest CAGR of nearly 13.0% during the forecast period (2021-2027). The primary factor driving the market growth include the growing digitization and urbanization in emerging economies. Further, the growing adoption of smart ticketing systems in the travel and tourism industry is contributing to the growth of the market. Apart from these, the emerging shift towards contactless payments is further encouraging companies to invest in the sector. For an instance, in March 2021, Giesecke+Devrient (G+D) collaborated with IDEMIA and NXP Semiconductors. Together, the companies introduced the White Label Alliance (WLA) which respond to the increasing global demand for next-generation, discrete payment solutions for domestic and private-label payment brands.
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COVID-19 pandemic has adversely impacted the global smart ticketing market. During the pandemic, the company has strategically invested in the production of smart ticketing. However, due to travel restrictions and lockdown imposed by the central government, the transportation sector had been hit hard by the pandemic. With the relaxation of lockdown restrictions and following social norms, the occupancy in buses is quite low.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Ticketing Market by Component
- Hardware
- Software
Global Smart Ticketing Market, by Application
- Parking & Transportation
- Railways
- Roadways
- Airways
- Sports & Entertainment
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
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
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart ticketing market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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