Smart Ticketing Market is Anticipated to Reach $33.7 Billion By 2026 “The global smart ticketing market size is anticipated to account for USD 33.7 billion by the end of 2026 and is estimated to grow at compound annual growth rate of 14.9% during the forecast period 2019 to 2026. In travel & tourism, rising demand for eticketing tools due to its greater convenience is projected to spur market growth.”
Global Smart ticketing Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Smart ticketing Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Smart ticketing Business, Market Share of Product, Application and Regional Scope of Smart ticketing which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making. The global smart ticketing market size is anticipated to account for USD 33.7 billion by the end of 2026 and is estimated to grow at compound annual growth rate of 14.9% during the forecast period 2019 to 2026. In travel & tourism, rising demand for e-ticketing tools due to its greater convenience is projected to spur market growth. In addition, the growing adoption of online transaction system and intelligent transportation system are expected to boost market growth. In subway and metros, smart ticketing solutions help in rapid transit access at affordable costs. The ticket is stored on the microchip embedded along with smart card. Smart card system enables passengers to buy tickets from loaded or saved credit or money, this saves time & makes the process faster. Thus, several public authorities are installing these solutions to control traffic & deliver efficient transportation services. In addition, these solutions provide high reliability and longer life when compared with paper-based solutions. To enhance the consumer experience, companies in the industry focus on continuous innovation for developing new solutions to meet consumer needs. For example, in U.K., South & Western rail has introduced a Tap2 Go service that eliminates buying of tickets. In this process, passengers only need to touch card at entry/exit gates. The system automatically calculates fare amount & payment get deducted from consumers account.
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