Technological development in digital payment options is a growing trend. Automatic ticket-generating machines with digital payment options are referred to as ticket friend solution i.e. enabling the utilization of smart cards to predetermine the transport details.
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 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 of 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers.
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)
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.
NOTE: This report takes into account the current and future impacts of COVID-19 on this industry and offers you an in-depth analysis of the Global Automatic Ticket Machine Market. KNOW MORE
“Growing Investments in Commercial Infrastructure to Fuel the Market in Asia-Pacific”
Generation of USD 0.75 billion in revenue in 2019 has put Asia-Pacific in an advantageous position to dominate the automatic ticket machine market share during the forecast period. One of the chief reasons for the region’s commanding hold on the market is the steadily rising investment in commercial spaces in the developing countries of China and India. In addition, there is an increasing preference for public transport in the region, underpinned by accelerating urbanization in the region, both of which augur well for the regional market.
In Europe, substantial growth is foreseen owing to the strong presence of ticket vending machines manufacturers in the European Union (EU) member-states. On the other hand, the market in North America is set to experience a period of healthy growth on account of the growing demand for smart ticketing systems from the rural areas of the US and Canada.
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
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 a 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.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/automatic-ticket-machine-market-102981
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