Global Contactless Ticketing Market Overview:
Contactless ticketing is adopted for the application of contactless bank cards to tap and ride on public transport systems. With the rapid emergence of contactless payment systems in developed regions this market is having huge growth potential in the coming years. Some of the players profiled in the study are CPI Card Group Inc. (United States), Infineon Technologies AG (Germany), Texas Instruments, Inc. (United States), Wirecard AG (Germany), NXP Semiconductors N.V. (Netherlands), Atos SE (France), Giesecke & Devrient GmbH (Germany), American Express Company (United States), Oberthur Technologies S.A. (France) and Saffire (United States).
On the basis of geography, the market of Contactless 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 Revenue Channels, the sub-segment i.e. Users will boost the Contactless Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. NFC will boost the Contactless Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Contactless Ticketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for Smart Ticketing from Various Industries Such as Sports, Entertainment, and Tourism Industries
- High Adoption of Blockchain to Enhance the Smart Ticketing Industry
- Development in Intelligent Transportation Market
- Increasing Number of New Market Entrants
- Required Huge Setup Costs for Smart Ticketing Systems
- Rising Awareness Regarding Cashless Transactions
- The Rise in Concern Related with Security
The market is witnessing strong growth by the market players, the players operating in this industry are highly focusing towards technological development. There are various companies are investing in new technologies and try to capture market growth.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Contactless Ticketing Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Contactless Ticketing market on the basis of product  , application [Transportation, Entertainment, Government and Commercial], 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 Contactless 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 Contactless 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
Available Customization: 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 Smart Card IT Solutions (India), Xminnov (China) and Softjourn (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Contactless Ticketing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.