About Transport Ticketing
Transport ticketing refers to the system used to grant passengers permission to use a particular mode of transportation. This can encompass a variety of formats, from traditional paper tickets to digital options like mobile apps and smart cards. The most common type of transport ticket is the paper ticket. The transport ticketing market is poised for continued growth, driven by technological advancements, changing consumer preferences, and a focus on sustainable transportation solutions. By addressing the challenges and capitalizing on the opportunities, the market can play a key role in making transportation more efficient, convenient, and sustainable.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.8% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Transport Ticketing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HID Global Corporation (United States), Gemalto (Netherlands), NXP Semiconductors (Netherlands), Accenture (Ireland), CPI Card Group Inc. (United States), Cubic Corporation (United States), Xerox Corporation (United States), AEP Ticketing Solutions (Italy), Rambus (United States) and Infineon Technologies AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Masabi Ltd. (United Kingdom), Amadeus IT Group SA (Spain), Trafi Ltd. (United Kingdom), Moovit Inc. (Israel) and Transdev (France).
Segmentation Overview
AMA Research has segmented the market of Global Transport Ticketing market by Type (Paper Tickets, Smart Cards and Mobile Tickets), Application (Ships, Airlines, Railways & Metros, Buses and Others) and Region.
On the basis of geography, the market of Transport Ticketing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Ticket Machine will boost the Transport Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transport, the sub-segment i.e. Roadways will boost the Transport Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Contactless Payments
Market Growth Drivers:
The Rise of Smart Cities and Intelligent Transportation Systems and The Increasing Urbanization
Challenges:
Security and Privacy Concerns
Restraints:
Complexity of Integrating Different Systems
Opportunities:
The Increasing Demand for Personalized Travel Experiences and The Expansion of Smart Ticketing Systems
Market Leaders and their expansionary development strategies
On April 12, 2021, Masabi, a leader in fare collection solutions for public transport, and Cubic Transportation Systems, a global provider of integrated transportation solutions, announced a partnership to develop a new mobile ticketing platform for public transport agencies. The partnership is expected to result in a new mobile ticketing platform that is convenient, accessible, and flexible for both public transport agencies and riders.
on May 10, 2022, RATP Dev and Transdev announced the launch of a joint venture to create a new ticketing and payment platform for public transport in Île-de-France, the region around Paris, France. This platform aimed to simplify and modernize the ticketing experience for passengers by offering a single platform for all public transport modes, including buses, metros, trams, and RER trains.
Key Target Audience
Manufacturer, Suppliers & Distributors, Government Bodies, Research Center, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.