Market Highlights
Mobile ticketing assumes a basic part in the data and technology industry. The global mobile ticketing market relies upon this factor altogether, and in light of this, it could expect an effective development of ~19% CAGR during the figure time frame (2016-2022), uncovers Market Research Future (MRFR) in a broadly concentrated on report. Going on like this, the market will acquire a valuation of USD ~4026 Million inside the equivalent time period.
Top Impacting Factors
Mounting inclination of clients to get, request, approve, and pay for tickets appropriately has prompted a flood popular for the mobile ticketing market as of late. Truth be told, diminished dissemination and creation costs connected with customary ticketing channels in view of paper have additionally shown some sure side that could fuel the development of the market before long. Simultaneously, urbanization has been one of the huge elements driving the market to acquire impressive valuation.
Mobile tickets can be bought through a portion of the trusted and secure mobile applications, by means of instant messages, voice calls, on the web and WAP pages. In this manner, credited to helpful, basic, and better approaches to buy tickets, the global mobile ticketing market is plausible to observe high development in the gauge time frame. In addition, different patterns, like a fast ascent in the reception of Smartphones, has further fuelled interest for mobile ticketing globally.
A few additional variables, for example, the wide reception of Smartphones has hopefully affected the acceleration of the global mobile ticketing market. This pattern is feasible to proceed in the inescapable years. Moreover, it is lucky to figure out how to book a ticket with practically no compelling reason to drive to the ticketing counter while managing a bustling way of life. Moreover, many organizations are seen to continuously collaborate with ticketing specialists to begin online entryways for clients to effectively login at any spot and time for booking tickets on the web. Such factors are quite moving interest for the global mobile ticketing market in the estimate years.
In spite of these elements, the MRFR study went over certain elements, for example, absence of appropriate web network is some way or another upsetting the development of the market during its course. Indeed, absence of mindfulness among sellers just as end-clients on utilizing applications to access and book tickets through the web may likewise stop the development course of the market during the estimate years.
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Segmentation:
The worldwide Mobile Ticketing Industry in MRFR’s study has been segmented among types, technology, and application.
In terms of type segment, the market has involved mobile applications and SMS ticketing.
The Mobile Ticketing Industry by technology segment has included OCR (Optical character recognition), PDF 417, 2D bar code, NFC technology, and QR code.
The mobile ticketing market by application type has included Entertainment tickets, travel tickets, and more.
Regional Framework
Geographically, the worldwide mobile ticketing market study is conducted among the key four regions, namely Europe, Asia, North America, and the Rest of the World (ROW).
Mobile ticketing applications are hurriedly gaining traction in the public transportation sector. In regions of Europe and North America, multiple smart city projects have been launched recently, which has included mobile ticketing for transportation services. These applications have made the process of public transportation booking system easy on a daily basis, which makes it easier for citizens to travel on various transportation modes. The users can book tickets for any option using a single app.
EMEA region led the market and will continue to lead over the next four years. The governments in EMEA have documented the magnitude of using new technologies to improve ticketing systems in the transportation sector and provide customers better services and convenience, which will enhance this market’s growth in the region.
Top Market Contenders
The top market players in the mobile ticketing market are listed as Masabi (UK), Zendesk (U.S.), Proxama (UK), Helpshift (U.S.), Airtag (France), ticketscript (Netherlands), Alliance Tickets (U.S.), Ace Ticket Worldwide (U.S.), RazorGator (U.S.), Coast to Coast Tickets (U.S.), StubHub (U.S.) among others.
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Mobile Ticketing Industry, By Type (SMS Ticketing, Mobile Applications), By Technology (OCR, 2D Bar Code, NFC), By Application (Travel Tickets, Entertainment Tickets) - Forecast 2027
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Mobile Ticketing Global Market - OverviewThe mobile ticketing is defined as the process where customers can pay, order, obtain tickets through mobile phones or other mobile devices.
The reason behind mobile ticketing trend is the initiative taken by government to encourage citizens towards a cashless economy.
The key aspects aiding the growth of mobile ticketing market is the rising penetration of smartphones, instant ticket booking, digitization and emergence of latest technologies.
According to a recent study report published by the Market Research Future, The global market of Mobile Ticketing is booming and expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2577The study states that the rise in the number of smartphone manufacturers and availability of smartphones in low prices due to which the there is a constant rise in smartphone users.
Besides this, mobile ticketing applications is easily installed and well supported by smartphones.
An erudite analysis of global Mobile Ticketing In Transportation Market Size has recently been added by Absolute Markets Insights to its comprehensive repository.
Market research reports include current market scenarios, historical data and forecasts for the future.
An accurate data of various industry aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers.
In addition, the study provides a 360-degree overview of the competitive landscape of industries.
The financial aspects of the business are also meticulously studied referring to several attributes such as price, profit margins and sales by regions during the forecast period (2021-2030).Primary and secondary research techniques have been used by analysts for studies data effectively.
Different top key players such as Bytemark, Inc., Corethree, Cubic Corporation, Famoco, Genfare, Giesecke+Devrient Mobile Security GmbH, Infineon Technologies AG, Margento B.V., Masabi Ltd, Mobisoft Infotech LLC, moovel Group GmbH., NTT DATA, Inc., Paragon Group Limited, PASSPORT LABS, Inc., PayiQ, Thales Group, Transdev and Trapeze Software ULC give the comparative analysis of demand supply chain.
Increasing preference of customers in order to obtain, order, validate and pay for tickets conveniently has led to an upsurge in demand for mobile ticketing market in the coming years. In addition, reduced distribution and production costs related to traditional ticketing channels based on paper will further fuel growth of the market in the coming years. The global mobile ticketing market is expected to witness a 21.3% CAGR growth over the forecast period, 2016-2024.
Market Dynamics
Mobile tickets can be purchased through secure mobile applications, voice calls, via text messages, online and WAP pages. Attributed to convenient simple and new ways to purchase tickets, the global mobile ticketing market is expected to witness 21.3% CAGR growth by the end of 2024. Moreover, trends such a rapid increase in adoption of smartphones has further fuelled demand for mobile ticketing globally.
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Wide adoption of smartphones has positively impacted growth of the global mobile ticketing market, and the trend is likely to continue in the coming years. Additionally, it is convenient to manage booking a ticket without the need to commute to the ticketing counter due to busy lifestyle. Furthermore, companies are witnessed to gradually partner with ticketing agents to develop online portals for customers to easily log in at any place and time for booking tickets online. Such factors are significantly propelling demand for the global mobile ticketing market in the coming years.
However, apart from improper connectivity, lack of awareness among various end users and vendors regarding application of apps in order to access and book tickets through the online portals is likely to inhibit growth of the global mobile ticketing market in the coming years. Moreover, sensitive information regarding banking and personal details can be misused or stolen, which is further restraining growth of the global mobile ticketing market over the years.
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Entertainment tickets among other travel tickets will witness relatively high Y-o-Y growth rate in the span of next four years. Moreover, travel tickets among others will account for revenues worth US$ 285 Mn, witnessing a steady growth in the coming years.
North America and Europe among various regions will witness various smart city projects that have recently been launched and will further include mobile ticketing for the purpose of transportation. Furthermore, Europe will lose its dominance, and emerge as the major market globally for mobile ticketing in the coming years.Whereas, the mobile ticketing market will witness relatively fast CAGR growth of 25.1% in terms of revenue over the coming years.
Leading companies operating in the global mobile ticketing market include inmodo AB, Masabi Ltd., Gemalto N.V., Margento B.V., Digital Management, Inc., ShowClix Inc., moovel Group GmbH, Rapid Systems, Inc., AEP Ticketing Solutions Srl and Scheidt & Bachmann GmbH.
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