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Smart Ticketing Market Share

Report ID: GMI4836
Published Date: Oct 2020
Report Format: PDF

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Smart Ticketing Market Share

Key players operating in the smart ticketing market include:

CPI Card Group, Inc
Cubic Corporation
Gemalto NV (Thales Group)
Giesecke & Devrient GmbH
Infineon Technologies
Rambus, Inc
HID Global Corporation (ASSA Abloy AB)
Idemia
NXP Semiconductors N.V
Softjourn
Ticketer
Xerox Corporation.

Industry participants are undertaking strategic initiatives, such as mergers and acquisitions, to expand and strengthen their presence. Companies will integrate their expertise on the CIPURSE open standard for smart card and mobile ticketing to offer end users with future proof transport ticketing solutions. They are focusing on launching innovative solutions for the transport sector will drive the market demand.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of smart ticketing valued at USD 7.5 billion in 2019 and is expected to spur at 19% CAGR through 2026, says this GMI report.

The smart ticketing software solutions segment is anticipated to grow at 20% CAGR till 2026 as a centralized software allows authorities/operators to link with the data from multiple nodes, further simplifying the transit data management process.

Parking application accounted for about 25% of the market share in 2019 and is predicted to continue this growth through 2026.

The European smart ticketing industry accounted for about 30% of the revenue share in 2019 and is expected to observe 18% CAGR through 2026.