Smart Ticketing Market Technological aspects on Data Analytics Market Growth 2023 to 2030

Smart Ticketing Market Overview:

Smart ticketing is a system that electronically stores travel tickets on a smartcard or smartphone. This system allows users to skip the ticket counter at the station and tap on and off at designated readers to authorize their travel. Smart ticketing systems can also be used to pay for other services, such as parking and food.

The smart ticketing market is projected to grow from USD 10.5 Billion in 2023 to USD 24.1 billion by 2030, with CAGR of 14.80% during the forecast period (2023 – 2030).

Key Companies in the smart ticketing market include

  • NXP Semiconductors (US)
  • Confidex Ltd. (Finland)
  • Giesecke & Devrient Gmbh (Germany)
  • ASK (France)
  • Infineon Technologies AG (Germany)
  • HID (US)
  • Cubic Corporation (US)
  • Gemalto NV (Netherlands)
  • Xerox Corporation (US)
  • Inside Secure (France)
  • Smart Card IT Solutions (India)
  • Paragon ID (France)
  • CGI Group (Canada)
  • Indra Sistemas (Spain)
  • Scheidt & Bachmann (Germany)

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Smart ticketing systems offer a number of benefits over traditional paper-based ticketing systems, including:

Convenience: Smart ticketing systems are more convenient for users, as they can skip the ticket counter and tap on and off to travel.

Efficiency: Smart ticketing systems can help to improve the efficiency of public transportation systems by reducing queues and allowing passengers to board vehicles more quickly.

Security: Smart ticketing systems are more secure than paper-based ticketing systems, as they are more difficult to counterfeit and can be used to track passenger travel patterns.

Environmental benefits: Smart ticketing systems can help to reduce the environmental impact of public transportation systems by reducing the use of paper tickets.

Smart ticketing systems are becoming increasingly common around the world, and are used in many major cities, including London, New York, and Tokyo.

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Here are some examples of smart ticketing systems:

Oyster card: The Oyster card is a smartcard used in London to pay for travel on public transportation.

MetroCard: The MetroCard is a smartcard used in New York City to pay for travel on public transportation.

Suica: The Suica card is a smartcard used in Japan to pay for travel on public transportation and to make purchases at convenience stores and other retailers.

Smart ticketing systems are a convenient, efficient, and secure way to pay for travel. As they become more common, we can expect to see them adopted by even more cities and countries around the world.

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