VITA Technologies
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
Menu
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
  • Articles
  • White Papers
  • Products
  • News
Menu
  • Articles
  • White Papers
  • Products
  • News
  Industry News  Transport Ticketing Market is to grow at a CAGR of 10% by Forecast to 2023
Industry News

Transport Ticketing Market is to grow at a CAGR of 10% by Forecast to 2023

TechnologyTechnology—December 12, 20170
FacebookTwitterPinterestLinkedInTumblrRedditVKWhatsAppEmail

Market Scenario:

Infineon technologies is one of the leading player in transport ticketing market and has designed 5 billion ICs that offers comprehensive portfolio of chip solutions based on open standards. Dedicated transport ticketing products such as low-end limited-use tickets (LUTs), security-certified multi-application ICs, dual-interface solutions providing upgradability to EMV contactless deployments and embedded secure elements for NFC-enabled mobile phones. Rambus Incorporated a prominent player in transport ticketing market has come up with a host card emulation transport ticketing solution that offers smart ticketing solution, HCE also allows passengers to top-up value, purchase and load tickets and view the contents of their HCE wallet, which can be accessed even if a smartphone is offline. Accenture Plc a key player in transport ticketing market offers tickets solutions that offers adaptable solution and pay per use model. It provides operators with the ability to quickly change fares, create new products, deploy new customer channels or enable new types of fare media without incurring significant costs. It can integrate with any fare device vendor and accept all forms of contactless media

North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in transport ticketing market in North America is attributed to the technical advancements and increasing use of mobiles devices in that region.

Major factors driving the growth of Transport Ticketing Market is the affordable access to smart transit systems. Rapid adoption of smart technologies and increasing implementations of smart ticketing are other factors driving the growth of transport ticketing market. The transport ticketing market has been segmented on the basis of product, system and application. The product segment is further bifurcated into e-toll, e-ticket, parking system, request tracker, e-kiosk and others. Out of these, the e-kiosk segment is expected to grow at the highest CAGR during the forecast period. It helps in reducing the manual operations and hence proves to be very efficient during peak hours. Ticket machine is the oldest form of smart ticketing and helps in maintaining and managing flow of passengers during peak hours. Hence it is expected to hold the largest market share in the product segment, during the forecast period.

The transport ticketing market is expected to grow at approximately USD 11 Billion by 2023, at 10% of CAGR between 2017 and 2023.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_req[…]

Major Key Players:

• HID (U.S.)

• Gemalto NV (Netherlands)

• NXP Semiconductors (U.S.)

• Accenture Plc (Ireland)

• CPI Card Group Inc. (U.S.)

• Cubic Corp. (U.S.)

• Xerox Corp. (U.S.)

• AEP Ticketing Solutions (Signa)

• Rambus Incorporated (U.S.)

• Infineon Technologies AG (Germany)

Segments:

Transport ticketing market for segment on the basis of product, system, and application

Transport Ticketing Market by Product:

• Ticket Machine

• E-Ticket

• E-Kiosk

• E-Toll

Transport Ticketing Market by System:

More stories

TEK Microsystems Announces JazzStore UWB – 2 GSPS Data Recording

January 15, 2007

New Report Offers Analysis and Forecast on Master Data Management Market for 2017 – 2022

October 23, 2017

Robobak Labs Certify STEC Solid State Hard Drives With Version 8 Date Protection Suite

October 27, 2008

PrismTech and Hitex Join Forces to Provide Extreme Low-Latency Real-Time Data Integration Solution

February 26, 2008

• Smart Card

• Smart Phone

Transport Ticketing Market by Application:

• Railways & Metros

• Buses

• Personal Vehicles

• Airlines

• Ships

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/tr[…]

Intended Audience:

• Investors and consultants

• System Integrators

• Government Organizations

• Research/Consultancy firms

• Technology solution providers

• Original Equipment Manufacturers

• Original Design Manufacturers

• Installers and Maintenance Service Providers

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

FacebookTwitterPinterestLinkedInTumblrRedditVKWhatsAppEmail
Solicitation for Voters on ANSI Ballot of ANSI/VITA 46.1-2007 (R2013) Stabilized Maintenance
Cognitive Cloud Market – Challenges, Key Vendors, Drivers and Trends by Forecast to 2023
Related posts
  • Related posts
  • More from author
Articles

Next-gen fiber optics for aviation: Expanded Beam performance with VITA 95/96

June 3, 20250
Articles

Embedded Tech Trends 2025 Wrapup

June 3, 20250
Consortia and Working Groups

VITA standards activity updates

June 3, 20250
Load more
Read also
Articles

Next-gen fiber optics for aviation: Expanded Beam performance with VITA 95/96

June 3, 20250
Articles

Embedded Tech Trends 2025 Wrapup

June 3, 20250
Consortia and Working Groups

VITA standards activity updates

June 3, 20250
Articles

Leveraging AI in standards

June 3, 20250
Eletter Products

SPONSORED: SpaceVPX Solutions From Pixus Technologies

May 28, 20250
Eletter Products

SPONSORED: Mission-Ready Chassis Management Aligned to SOSA®

May 28, 20250
Load more

Recent Comments

No comments to show.
  • Articles
  • White Papers
  • Products
  • News
Menu
  • Articles
  • White Papers
  • Products
  • News
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX
Menu
  • VME
  • XMC
  • FMC
  • PMC
  • VNX
  • VPX

© 2023 VITA Technologies. All rights Reserved.