Global Mobile Ticketing Market Overview:
Mobile ticketing is the process in which the customers' orders and pay for tickets, obtain and/or validate tickets using mobile phones. This doesn't require the need for a physical ticket. A mobile ticket contains a unique ticket verification. Mobile ticketing provides several benefits including greater convenience for transit agencies and passengers, enhanced data collection, as well as the reduction in fare evasion and an increase in fare revenues for transit agencies. It also provides the ability to integrate real-time passenger information systems, onboard Wi-Fi and other services. Some of the key players profiled in the study are Zendesk (United States), Masabi (United Kingdom), Helpshift (United States), Proxama (United Kingdom), ticketscript (The Netherlands), Airtag (France), Gemalto (France), Ace Ticket Worldwide (United States), Alliance Tickets (United States), Coast to Coast Tickets (United States), RazorGator (United States) and StubHub (United States).
On the basis of geography, the market of Mobile 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 Technology, the sub-segment i.e. OCR will boost the Mobile Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Mode, the sub-segment i.e. Credit Card will boost the Mobile Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Mobile Phones around the Globe
- Rising Need for Booking Anytime, Anywhere Owing To Busy Lifestyle of People
- Demand for Instant Ticket Booking and Digitalization and Emergence of Latest Technologies
- Advanced Technologies in the Smart Ticketing Systems
- Rise in Demand for Biometrics and Wearable Technology
- Lack of Knowledge Regarding the Usage of Mobile Ticketing App
- Proper Internet Connectivity
- Lack of Standardization and Performance Consistency
Major Market Developments:
In Feb 2018, moovel North America, the leading provider of public transit mobile ticketing and fare validation solutions, announced the launch of Caltrain Mobile, a mobile application designed to provide a more convenient and accessible ticketing solution for Caltrain, the commuter rail service along the San Francisco Peninsula and Santa Clara Valley. Powered by moovel, Caltrain Mobile gives Caltrain's estimated 65,000 daily weekday riders an opportunity to easily purchase, store and access fares directly on their smartphones. and In July 2016, Masabi launched the JustRide mobile ticketing platform for Metro North Railroad (MNR) Hudson Line and Long Island Rail Road (LIRR) Port Washington Lines. Passengers can purchase tickets and travel using smartphones as an all-in-one ticket vending machine and ticket.
The US is one of the world’s most mature markets for smartphones. In 2015, the number of smartphone users in the US touched 190.7 million, recording an increase of around 8 percent over 2014. This is almost 60 percent of the country’s population. Smartphone penetration has increased from 20 percent in 2010 to 60 percent in 2015. In 2016, the number of smartphone users in the US is expected to reach 207.2 million
Technology Investors, Mobile Ticketing Service Providers, Internet Service Providers, Mobile Ticketing Platform Providers, Technology Providers and Research/Consultancy Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Mobile Ticketing market on the basis of product [Mobile Ticketing Application and SMS Mobile Ticketing] , application [Entertainment Ticket and Travel Ticket], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Mobile Ticketing market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Mobile Ticketing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Bytemark (India), Corethree (United kingdom) , Eventbrite (United States), ShowClix (United States), Margento (the Netherlands), TickPick (United States) and Moovel (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Mobile Ticketing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.