Rising travel and tourism coupled with digitization of public transit are propelling Europe smart ticketing market
According to TechSci Research report, “Europe Smart Ticketing Market By Offering, By Application, By Connectivity, By Country, Competition, Forecast & Opportunities, 2024”, Europe smart ticketing market is forecast to witness a CAGR of 14% during 2019 – 2024 on account of rapidly growing European tourism industry, simplified technology ecosystem and the requirement for innovation of more advanced ticketing systems, especially across urban areas. Moreover, the European governments are shifting their focus towards the digitization of the public transit and sustainable transport policies, thereby boosting the adoption of smart ticketing by European land transportation industry, which is anticipated to drive the market growth in the years to come.
Browse 36 market data Tables and Figures spread through 80 Pages and an in-depth TOC on “Europe Smart Ticketing Market”
terms of application, the Europe smart ticketing market is fragmented into transportation
and sports & entertainment segments. Among them, the sports &
entertainment sector is expected to grow at a higher rate over the next five years
owing to extensive use of smart ticketing in sports and entertainment for effortless,
convenient and secure bulk ticketing. Apart from this, smart ticketing option
is anticipated to reduce fraudulent activities such as reselling of tickets
outside the stadium at an excessively high price, which is projected to boost
the growth of this segment over the coming years.
on connectivity, NFC is expected to witness highest growth in the coming years on account of rising
adoption of NFC equipped smartphones, which has resulted in introduction of
necessary infrastructure for smart ticketing across various end use segments. Infineon
Technologies AG, Giesecke+Devrient GmbH, Gemalto (Thales Group), NXP
Semiconductors, Cubic Corporation, Inside Secure, Indra Sistemas, Masabi Ltd, Confidex
Ltd., etc., are some of the leading players operating in Europe smart ticketing
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smart ticketing market is growing rapidly due to the presence of leading smart
ticketing solution vendors such as Infineon Technologies, Gemalto and
Giesecke+Devrient that are focusing on increasing their geographical presence
through integrated payment solutions by entering into partnerships with smart
ticket technology developers and operators. In addition to this, these major
market players are deploying big data analytics and connected devices to track
passenger travel patterns to provide customized products and services, which is
projected to spur the market growth in the region through 2024.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Smart Ticketing Market By Offering, By Application, By Connectivity, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Europe smart ticketing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe smart ticketing market.
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