The global automatic ticket machine market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment & Gaming and Others), and Regional Forecast, 2020-2027”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other automatic ticket machine market trends. The report is available for sale on the company website.
List of Companies Profiled in the Automatic Ticket Machine Market Report:
- SBB (Bern, Switzerland)
- HID Global Corporation/ASSA ABLOY AB (California, U.S.)
- Almex Transport (Durban, South Africa)
- Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
- Infineon Technologies AG (Neubiberg, Germany)
- Xerox Corporation (Connecticut, U.S.)
- Diebold Nixdorf, Incorporated (Ohio, U.S.)
- Cubic Corporation (California, U.S.)
- Gemalto NV (Amsterdam, Netherlands)
- NXP Semiconductors (Eindhoven, Netherlands)
- CPI Card Group Inc. (Colorado, U.S.)
- Parkeon (Paris, France)
As per the findings of the report, the value of the market stood at USD 2.36 billion in 2019. The other highlights of the report include:
- Accurate computation of market figures;
- Comprehensive analysis of the factors, trends, and restraints shaping the size, share, and growth of the market;
- Careful study of market segments; and
- Detailed examination of the regional dynamics and competitive milieu of the market.
Failure of Operational Network is Causing Hindrance to the Market Growth
The public transport sector is facing an issue of investing money on automatic ticket machines’ maintenance, owing to the huge number of daily travelling passengers and lack of security. Additionally, the problem of network connectivity impedes the installation of machines as they require a strong internet connection to perform multiple functions at a time. Furthermore, the sudden breakdown of automated ticket machine units challenges the infrastructure facilities across commercial stores, multi-specialty hubs, and the transport sector. Sudden breakdown refers to network connectivity failure and outage caused by improper usage.
Thus, more investment is required to improve the network connectivity for uninterrupted utilization of automatic ticket machines.
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Regional Analysis for Automatic Ticket Machine Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Automatic Ticket Machine Market:
- Executive Summary
- Market Dynamics
- Key Automatic Ticket Machine Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Automatic Ticket Machine Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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