Global Mobile Ticketing in Transportation Market Overview:
Mobile ticketing in transportation is for passengers who can buy and access mobile tickets using their smartphones or another connected device. With the increasing digitalization and printing of tickets has become easier. It is done for ensuring effortless ticket purchases and easy access and allows public transportation providers in reducing the cost of ticket printing. It is also saving time as now agencies and operators are easily deploying mobile ticketing on time through mails and software soltions.
- Growing Digitalization and Usage of Mobile Devices
- Demand for Automation in Ticket Distribution and Printing
- Emerging Smart Public Transporation and Advancement in Transit Technology
- Increasing Use of Contactless EMV Technology for Mobile Ticketing in Transportation
- Stringent Regulatory Compliances with the Mobile Ticketing in Transportation
- Easy Deployment of Software Solution for Mobile Ticketing in Transportation
- Adoption of Mobile Ticketing in Transportation Around the Developing Nations
- Unawareness about the Usage of Mobile Ticketing in Transportation in Rural Areas
Some of the key players profiled in the report are Thales Group (Gemalto) (France), Infineon Technologies AG (Germany), Corethree Ltd (United Kingdom), Masabi (Blue Technologies Ltd.) (United Kingdom), moovel GmbH (United States), Margento (United States), Giesecke+Devrient (Germany) and Paragon ID (France). Considering Market by Component, the sub-segment i.e. Software will boost the Mobile Ticketing in Transportation market. Considering Market by Transport, the sub-segment i.e. Train will boost the Mobile Ticketing in Transportation market.
Latest Market Insights:
On 22nd June 2020, Strategic Mapping, a Toronto-based provider of Intelligent Transportation Systems (ITS), announced that it acquired moovel North America, a Portland-based leader of mobile ticketing solutions, to combine their transit portfolio to simplify travel in cities. moovel North America originated from the acquisition and merger of two start-ups, RideScout, based in Austin, one of the first companies to offer trip planning for a variety of mobility options—including transit, rideshare, and bikeshare—all in one app; and Portland-based GlobeSherpa, an industry leader in mobile ticketing solutions for public transit.
On 2nd December 2020, The Regional Transportation District (RTD), Lyft, and Masabi launch mobile ticketing for public transit, making customers in the Denver metro region the first to be able to purchase RTD fares through the Lyft app to ride the agency’s buses and trains. The metro region has been an area of historic firsts for Lyft, including the launch of Lyft Scooters in 2018.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mobile Ticketing in Transportation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mobile Ticketing in Transportation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Mobile Ticketing in Transportation Providers, Mobile Ticketing in Transportation Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.