Europe smart ticketing market valued over USD4463 million in 2019 and is anticipated to grow at an impressive CAGR of 14% by 2026. The key factor for the growth of Europe smart ticketing market is the surging demand for smart ticketing from travel & tourism industry. Moreover, factors like affordable access to rapid transit with the help of smart transit systems coupled with advanced technologies in the smart ticketing systems are expected to drive the market over the coming years. Furthermore, upsurge in intelligent transportation market is also anticipated to boost the growth of Europe smart ticketing market through 2026. However, the market growth can be restricted due to factors such as high setup cost and requirement for a centralized operating unit for effective functioning of smart ticketing system.
By offering, the smart ticketing market is fragmented into hardware, software and services. The hardware segment dominated the market in 2020, however, the software and services segments are anticipated to register higher growth during the forecast period attributable to the requirement of frequent upgradations in software interface coupled with increasing adoption of digital framework for public transportation. In terms of connectivity, Near-Field Communication market is expected to witness robust CAGR during the forecast period as it is widely accepted in sports, entertainment, and transport among other industries owing to its cost-effectiveness.
Major players operating in Europe smart ticketing market include Infineon Technologies AG, Giesecke+Devrient GmbH, Gemalto (Thales Group), NXP Semiconductors, Cubic Corporation, Inside Secure, Indra Sistemas, Masabi Ltd and Confidex Ltd. etc.
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By offering, the smart ticketing market is fragmented into hardware, software and services. The hardware segment dominated the market in 2020, however, the software and services segments are anticipated to register higher growth during the forecast period attributable to the requirement of frequent upgradations in software interface coupled with increasing adoption of digital framework for public transportation. In terms of connectivity, Near-Field Communication market is expected to witness robust CAGR during the forecast period as it is widely accepted in sports, entertainment, and transport among other industries owing to its cost-effectiveness.
Major players operating in Europe smart ticketing market include Infineon Technologies AG, Giesecke+Devrient GmbH, Gemalto (Thales Group), NXP Semiconductors, Cubic Corporation, Inside Secure, Indra Sistemas, Masabi Ltd and Confidex Ltd. etc.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=4371
(Use your Corporate E-mail Id for Faster Response)
For More Information Visit: https://www.techsciresearch.com/report/europe-smart-ticketing-market/4371.html
Europe smart ticketing market valued over USD4463 million in 2019 and is anticipated to grow at an impressive CAGR of 14% by 2026. The key factor for the growth of Europe smart ticketing market is the surging demand for smart ticketing from travel & tourism industry. Moreover, factors like affordable access to rapid transit with the help of smart transit systems coupled with advanced technologies in the smart ticketing systems are expected to drive the market over the coming years. Furthermore, upsurge in intelligent transportation market is also anticipated to boost the growth of Europe smart ticketing market through 2026. However, the market growth can be restricted due to factors such as high setup cost and requirement for a centralized operating unit for effective functioning of smart ticketing system.
By offering, the smart ticketing market is fragmented into hardware, software and services. The hardware segment dominated the market in 2020, however, the software and services segments are anticipated to register higher growth during the forecast period attributable to the requirement of frequent upgradations in software interface coupled with increasing adoption of digital framework for public transportation. In terms of connectivity, Near-Field Communication market is expected to witness robust CAGR during the forecast period as it is widely accepted in sports, entertainment, and transport among other industries owing to its cost-effectiveness.
Major players operating in Europe smart ticketing market include Infineon Technologies AG, Giesecke+Devrient GmbH, Gemalto (Thales Group), NXP Semiconductors, Cubic Corporation, Inside Secure, Indra Sistemas, Masabi Ltd and Confidex Ltd. etc.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=4371
(Use your Corporate E-mail Id for Faster Response)
For More Information Visit: https://www.techsciresearch.com/report/europe-smart-ticketing-market/4371.html
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