Analysis of Smart Card Contactless Ticketing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The increasing demand for mobile and web applications, real-time information, and smart cards are some of the major factors driving the growth of the smart card contactless ticketing market. Due to the increase in the installation of safety and convenience systems and advanced fare payment systems, there has been an increase in the public transport smart card contactless ticketing market. Also, the greater ability to use contactless smart cards for different fare structures is one of the key factors fueling the growth of the smart card contactless ticketing market over the forecast period. Faster and easier transactions makes the boarding of passengers smoother. These are some of the factors anticipated to drive the growth of the smart card contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the smart card contactless ticketing market over the forecast period.
However, some of the technical challenges associated with the usage of smart cards and the high cost of migration to smart cards are some of the factors that are anticipated to hinder the growth of the smart card contactless ticketing market in the near future.
Examples of some of the market participants in the global smart card contactless ticketing market identified across the value chain include
By region, the smart card contactless ticketing market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.
Europe is anticipated to lead the smart card contactless ticketing market, followed by North America, during the forecast period, due to the fast adoption of new technology in these regions. Asia Pacific is set to be an emerging region in the smart card contactless ticketing market in the coming years, due to the rising investments from governments and companies to provide complete automation in smart card contactless ticketing services and systems. Growing economies such as China and Japan are estimated to contribute to the smart card contactless ticketing market, due to the growing demand for smart card contactless ticketing and automated systems from such economies.
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The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The smart card contactless ticketing market can be segmented on the basis of technology, vertical, and region.
The smart card contactless ticketing market segmentation by technology,
The smart card contactless ticketing market segmentation by vertical,
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Smart Card Contactless Ticketing Market is Segmented By Technology (RFID (Radio Frequency Identification),NFC (Near Field Communication)), By Vertical (Transportation (Land Transport,Air Transport,Water Transport),Media and Entertainment ).
CPI Card Group Inc. ,Infineon Technologies AG ,Texas Instruments Inc. ,NXP Semiconductors N.V. ,Atos SE ,Giesecke & Devrient GmbH ,American Express Company ,and Oberthur Technologies S.A.are the key players in the Smart Card Contactless Ticketing Market.
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