Automatic ticket machines (ATMs) are utilized for the automatic generation of tickets in public transport and public accessible points. These machines can serve as urban assistance to display static or dynamic information to the user.
Technological development in digital payment options is a growing trend. Automatic ticket-generating machines with digital payment option are referred to as ticket friend solution i.e. enabling the utilization of smart cards to predetermine the transport details.
Increasing dependence of urban commuters on metros will create a new growth avenue for this market, observes Fortune Business Insights™ in its recent report, 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”. According to the Belgium-based International Association of Public Transport (UITP), by the end of 2017, metro systems across 178 countries were carrying an average 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers. The global automatic ticket machine market size is projected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period.
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.
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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)
View Press Release for more information @ https://www.marketwatch.com/press-release/automatic-ticket-machine-market-2020-global-trend-end-users-and-regional-forecast-till-2027-2020-06-29
“Increased Popularity of Automatic Ticket Machines with Digital Payment Options is Upholding the Market Growth”
Prominent players are integrating ATMs with digital payment solutions to reduce heavy rush on ticket counters. They are also constantly incorporating digital payment options to gain real-time consumer data. The sudden rise in passengers travelling via airplane and railways across the globe has supported the increased popularity of automated tickets generated by smart cards while travelling. Moreover, countries including India, Hungary, South Africa, Malaysia, Indonesia, and others are witnessing high adoption of E-tickets generated via a digital mode of payment in the entertainment sector. This is owing to the introduction of touchscreen-based ticketing kiosks across the public transport sector, public access points, and the entertainment & gaming sector. This allows end-users to generate paper tickets or E-tickets.
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
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/automatic-ticket-machine-market-102981
May 2019: US-based Rambus and the German semiconductor specialist, Infineon Technologies, partnered with each other to develop and promote smart ticketing solutions based on mobiles and smart cards to enhance the potential of mobility services. The companies will unify their expertise on the smart card and mobile ticketing standard, CIPURSE™, to provide wide choice of ticketing solutions to end-users.
April 2019: The American transportation company, Cubic Corporation, was awarded a contract worth USD 4 million by Ireland’s National Transport Authority (NTA) for the delivery of a mobile ticketing solution for the country. The system provided by Cubic is low-risk and scalable and designed with the capability of allowing customers to purchase tickets from multiple public transport operators.
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Automatic Ticket Machine Market to Hit USD 6.31 billion by 2027; Rising Demand for Efficiency in Public Transport Systems to Aid Market Expansion: Fortune Business Insights™
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