Contactless cards are the ones customers are most aware of. In contactless ticketing, people just hold their card a few inches away from a reader, to securely authenticate or to pay for a passenger's pass or ticket. A contactless ticketing solution by a mobile NFC can store tickets on the mobile phone digitally, and the NFC-enabled mobile phone can be used as a contactless transport ticket. To top up, a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train. Many countries are already enjoying the benefits of near field communication technology for contactless ticketing solutions.
MARKET DYNAMICS
Contactless payments or contactless ticketing solutions are fast-paced without the requirement of any password or pin to process the payment. Thus, these contactless ticketing solution based transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing solutions market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing solutions market. Faster and easier transactions make the boarding of passengers smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing solutions market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the contactless ticketing solutions market over the forecast period.
MARKET SCOPE
The "Global Contactless Ticketing Solution Market Analysis to 2028"? is a specialized and in-depth study of the contactless ticketing solution market with a special focus on the global market trend analysis. The report aims to provide an overview of contactless ticketing solution market with detailed market segmentation by device type, vertical. The global contactless ticketing solution market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless ticketing solution market player and offers key trends and opportunities in the contactless ticketing solution market.
MARKET SEGMENTATION
The global contactless ticketing solution market is segmented on the basis of device type, vertical. On the basis of device type, market is segmented as smart cards, NFC chips, mobile handsets, others. On the basis of vertical, market is segmented as transportation, media and entertainment, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global contactless ticketing solution market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless ticketing solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting contactless ticketing solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the contactless ticketing solution market in these regions.
MARKET PLAYERS
The reports cover key developments in the contactless ticketing solution market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from contactless ticketing solution market are anticipated to lucrative growth opportunities in the future with the rising demand for contactless ticketing solution market. Below mentioned is the list of few companies engaged in the contactless ticketing solution market.
The report also includes the profiles of key contactless ticketing solution market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- CPI Card Group Inc.
- Infineon Technologies AG
- Proxama, PLC.
- Texas Instruments, Inc.
- Wirecard AG
- NXP Semiconductors N.V.
- Atos SE
- Giesecke and Devrient GmbH
- American Express Company
- Oberthur Technologies S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.