According to Technavio’s newest market research report, the global mobile ticketing market for the transportation sector is anticipated to grow at a CAGR of close to 17% during the estimated period 2017 to 2021.
This study by Technavio provides an in-depth analysis of the global mobile ticketing market in the transportation sector regarding revenue and emerging market trends. The report also consists of an up-to-date analysis and forecasts for various market sections and all geographical regions.
Technavio research analysts categorize the market based on the technology
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The top two revenue contributing product segments are discussed below
Global mobile ticketing market by QR codes and barcodes: The use of QR codes and barcodes enables mobile ticketing an explicit representation of information displayed on mobile devices. This technology is the most common coding technology used in mobile ticketing and will fuel the growth in the global market. These codes are scanned by a scanner, which is usually based on optical or laser technology. Optical scanners have superior performance and reliability and are an important technology for mobile barcode scanners.
“These tickets are secure 2D barcodes which allow the passengers to scan and validate their tickets securely with low-cost hardware, such as smartphones. This technique is faster than smartcards, allowing the passenger to continue his or her journey with minimum interruption. The vendors in the market will continue to develop new products that will increase convenience for consumers during the forecast period,” says Amit Sharma, a lead analyst at Technavio for research on an enterprise application.
Global mobile ticketing market by NFCs: The extensive use of contactless integrated circuit chip (IC) technology for smart cards will fuel the growth of this market segment during the forecast period. NFC is used in different applications including payments, mass transport ticketing, physical access control, and vending in the transportation sector. These devices offer short-range wireless connectivity technology that provides simple, intuitive, and secure communication between electronic devices. The development of this technology will revolutionize the transportation industry.
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The top vendors operating in the global mobile ticketing market in the transportation sector are:
- Corethree
- Gemalto
- Masabi
- Moovel
Other prominent vendors in the market include Bizzabo, eos.uptrade, Margento, Open Mobile Ticketing Alliance, StubHub, and TickPick.
A more detailed analysis is accessible in the Technavio report titled, ‘Global Mobile Ticketing Market in the Transportation Sector 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
Other related reports
- Global Mobile Ticketing Market 2016-2020
- Global Secondary Tickets Market 2016-2020
- Global Mobile Wallet Market 2016-2020
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