New York, According to a new market research report published by Global Insight Services “Contactless Ticketing Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Contactless ticketing is a system where passengers can use a contactless card, mobile phone, or wearable device to pay for their journey on public transport. This can be used instead of, or in addition to, traditional ticketing methods such as paper tickets or Oyster cards.
There are many benefits of contactless ticketing for both passengers and transport operators. For passengers, it is a more convenient and faster way to pay for their journey. For transport operators, it can help to reduce queues and speed up boarding times.
Download a Free PDF Sample Copy of Report : https://www.globalinsightservices.com/request-sample/GIS23443
Key Trends
There are several key trends in Contactless Ticketing technology. The first is the trend towards open standards. This means that there is a move away from proprietary systems and towards systems that use open standards. This allows for greater interoperability between different systems and makes it easier for new players to enter the market.
Another key trend is the move towards cloud-based solutions. This means that instead of having a physical ticketing system, all of the data is stored in the cloud. This has a number of advantages, including reducing costs and making it easier to scale.
Finally, there is a trend towards using mobile devices as tickets. This is because mobile devices are becoming increasingly prevalent and they offer a number of advantages over traditional tickets, such as being able to store multiple tickets on one device and being able to receive notifications if a ticket is about to expire.
Key Drivers
There are various key drivers of the contactless ticketing market. Firstly, it helps in reducing the overall cost as it eliminates the need for paper tickets.
Secondly, it increases operational efficiency by reducing queuing time and overall transaction time.
Thirdly, it improves customer satisfaction by providing a convenient and hassle-free experience. Lastly, it also helps in reducing environmental impact as it reduces paper waste.
Market Segmentation
The Contactless Ticketing Market is segmented by device type, vertical, and region. By device type, the market is divided into smart cards, NFC chips, mobile handsets, and others. By vertical, the market is classified into transportation, media and entertainment, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Contactless Ticketing Market are Wirecard AG, CPI Card Group Inc., Atos SE, NXP Semiconductors N.V., Infineon Technologies AG, Giesecke & Devrient GmbH, Proxama PLC., Oberthur Technologies S.A., Texas Instruments, Inc. and American Express Company.
Get Customized report as per your requirements : https://www.globalinsightservices.com/request-customization/GIS23443
Reasons to buy Contactless Ticketing Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/