Smart Ticketing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software); By Technology (NFC, RFID, QR Code, Others); By Offering; By Region; Segment Forecast, 2022 - 2030
The global smart ticketing market size is expected to reach USD 24.95 billion by 2030, according to a new study by Polaris Market Research. The report “Smart Ticketing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software); By Technology (NFC, RFID, QR Code, Others); By Offering; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Smart ticket market is developing as a result of increased demand, increased usage of contactless payments, the expansion of the intelligent transportation industry, and rising interest in wearable technologies. The demand for smart tickets is rising in the transportation industry, especially in sports, financial services, and healthcare.
Smart ticketing is a ticketing technique, where ticket is saved electronically over a microchip as opposed to being printed out. Customers are now able to board public transportation vehicles including buses, trolleys, and trains without having to use traditional payment methods like cash.
A prominent trend gaining prominence in the smart ticketing market is technological developments in smart ticketing systems. In order to improve their competitiveness in the market, major organizations involved in smart ticketing are concentrating on creating innovative technological solutions.
For example, in February 2021, the German semiconductor manufacturer Infineon Technologies AG unveiled 40 nm SLC36/SLC37, a new generation of online ticketing. Based on an effective 32-bit ARM SecurCore SC300TM security crypto controller and SOLID Flash memory technology.
The market for smart tickets will expand dramatically when the transport and tourism sectors recover. The tourism industry suffered the most damage as a result of the COVID-19 epidemic, with airlines and the lodging industry suffering the most. SG Clean and Qatar Clean programmers, as well as initiatives targeted at enticing tourists including safe travel bubbles, and providing incentives, are just a couple of the innovative solutions being developed by travel-dependent economies throughout the world to address the consequences of COVID-19.
Smart Ticketing Market Report Highlights
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