Mobile Ticketing Market

Mobile Ticketing Market Overview (2024 to 2034)

The global mobile ticketing market is estimated to be worth US$ 2,818.9 million in 2024 and is expected to reach a value of US$ 12,125.6 million by 2034, growing at a CAGR of 15.7% from 2024 to 2034, driven by the increasing adoption of smartphones and their convenience.

Mobile ticketing allows users to purchase and store tickets on their mobile devices, eliminating the need for paper tickets and improving the overall ticketing experience. The market is expected to continue its growth trajectory in the coming years, with more and more companies offering mobile ticketing services and consumers turning to their mobile devices for all their ticketing needs.

In addition to its convenience, mobile ticketing also provides benefits such as increased security and reduced fraud. With mobile ticketing, tickets are usually tied to a specific mobile device or account, making them less susceptible to theft or duplication. Furthermore, mobile ticketing also offers real-time updates and alerts, allowing users to stay informed about any changes or delays related to their event or travel.

Overall, the mobile ticketing market is expected to continue its growth trajectory in the coming years, driven by technological advancements, changing consumer preferences, and the increasing adoption of mobile devices and digital payment options. The rise in smartphone users, high-speed internet, and convenience is likely to drive the growth of the mobile ticketing market over the forecast period. Moreover, the rising use of mobile ticketing apps with offers and discounts and the lowest convenience fee is likely to boost the market.

Report Attributes	Details
Estimated Market Value (2024E)	US$ 2,818.9 million
Forecasted Market Value (2034F)	US$ 12,125.6 million
Global Market Growth Rate (2024 to 2034)	15.7% CAGR
Hotel Booking Segment Growth Rate (2024 to 2034)	15.1% CAGR
North America Market Share (2024)	28.6%
East Asia Market Share (2024)	36.5%
Key Companies Profiled	Helpshift CGI Group Proxima Airbag Softjourn Coast to Coast Tickets Alliance Tickets RazorGator Ace Ticket WorldWide Masabi Smart Card IT Solutions Scheidt & Bachmann Xminnov Zendesk

What Factors Have Contributed to an Increase in Global Demand for Mobile Ticketing?

“Surge in Smartphone Subscriptions in Rural Areas and Rapidly Growing Mobile Network to Drive the Growth of the Market”

The rise in the use of smartphones worldwide has increased product demand. This has led to the growth of the mobile ticketing market, as it provides a convenient and hassle-free way for commuters to purchase and use tickets. The mobile ticketing system also enables transportation companies to reduce operational costs and increase efficiency. Furthermore, integrating mobile ticketing with other technologies, such as GPS and real-time tracking, has improved the overall transportation experience for commuters.

“ Rising Use of Mobile Ticketing Apps Owing to Easy Ticket Booking Process and Time-saving Solution Opening the Window of Opportunity for Market Players”

The mobile ticketing market is expected to grow in the coming years due to the convenience and ease of use of mobile ticketing apps. In addition to convenience, mobile ticketing also offers benefits for event organizers and transportation companies. Mobile ticketing allows for easier tracking of ticket sales and attendance, as well as the ability to send real-time updates and notifications to users. With the increasing availability of smartphones and the internet, consumers are increasingly turning to mobile ticketing apps for their travel and entertainment needs.

Mobile ticketing apps offer a wide range of benefits, including the ability to purchase tickets from anywhere at any time, as well as the ability to store and access tickets on the go. This eliminates the hassle of printing and carrying physical tickets, making it a more convenient and eco-friendly option.

Which Factor Hampering the Expansion of the Mobile Ticketing Demand?

“The Increasing Security Concerns and Difficulties in Processing Payments May Take Passengers to the Traditional Ticket Window”

The need for standardized regulations for mobile ticketing across different regions leads to challenges such as security concerns and difficulties in processing payments. This can create confusion and hinder cross-border adoption of mobile ticketing solutions. As a result, businesses are expected to face barriers to entry in certain markets, which could hamper the growth of the market for mobile ticketing. However, efforts are being made to address these challenges through the development of common standards and protocols, as well as collaboration between governments, transit agencies, and mobile ticketing providers.

Despite these challenges, the mobile ticketing industry is expected to continue to grow, driven by increasing demand for contactless and cashless payment options.

Country-wise Insights

The mobile ticketing market finds a significant share of its customer base in North America and East Asia, in line with rising regional sales. North America is expected to represent 28.6% of the global market in 2024. The market in the region is estimated to record a moderate CAGR of 14.8% from 2024 to 2034, with a market share of 26.5% at the end of the period.

East Asia is estimated to be another key market during the forecast period. East Asia is expected to record a market share of 36.5% in 2024. The regional market is projected to record a moderate growth rate of 16.3% during the forecast period.

What Factors Influence the United States Mobile Ticketing Market's Continued Growth?

“The Rising Adoption of Modern Technologies and Consumers Preference to Save Time”

The value of the mobile ticketing market in the United States for 2024 is estimated to be US$ 806.2 million. Over the forecast period, the market is expected to register an encouraging CAGR of 16.3% in the country, reaching a value of US$ 4,6562 million by 2034.

The United States has also seen a surge in the use of mobile ticketing applications for sporting events, theme parks, and museums. With the increasing adoption of smartphones and wearable devices, mobile ticketing has become a convenient and popular way for Americans to purchase tickets. In addition, the COVID-19 pandemic has accelerated the adoption of mobile ticketing as it allows for contactless transactions and reduces the need for physical tickets. As a result, the mobile ticketing market in the United States is expected to continue to grow in the coming years.

Why is China Emerging as a Significant Growth Market for the Mobile Ticketing Market Across the Country?

“ Surge in Mobile Payments and Last-minute Ticket Booking Capitalizing the Industry in China”

China is the world's leading market for mobile payments, with a highly developed digital payment ecosystem that has made it easier for consumers to make purchases online and offline. The country has invested heavily in its transportation infrastructure, including public transit systems, to support economic growth and urbanization. As a result, the mobile ticketing market in China is expected to continue to grow in the coming years, driven by increasing demand for convenient and efficient public transportation.

Category-wise Insights

Based on application type, the hotel bookings segment is expected to account for 31.5% of the market share in 2024.

Why Do Hotel Bookings Dominate the Mobile Ticketing Market?

“Hassle-free Process to Compare the Hotels Based on Specific Requirements”

The hotel bookings segment is expected to contribute 31.5% of the market share by product type in 2024. For the forecast period, the CAGR is marked to be 15.1%.

The hotel bookings segment dominates the mobile ticketing market for several reasons. The ease of booking hotels on mobile devices has improved significantly over the past few years, making it more convenient for consumers to book their accommodations while on the go. Furthermore, the rise of last-minute bookings has also contributed to the dominance of the segment. Many consumers are now booking their accommodations at the last minute, and mobile devices provide a quick and easy way to do so. This trend has also been fueled by the increasing availability of mobile-only deals and discounts that are not available elsewhere.

Competitive Landscape

The mobile ticketing market is constantly evolving, with new players entering the market and existing players expanding their offerings. These companies offer consumers a range of mobile ticketing solutions, including mobile ticketing apps and mobile websites. In addition, several smaller players in the market specialize in specific events, such as sports or music events. The mobile ticketing market is highly competitive, with companies competing on price, convenience, and ease of use.

Some prominent companies in the mobile ticketing industry are Helpshift, CGI Group, Proxima, Airbag, Softjourn, Coast to Coast Tickets, RazorGator, Ace Ticket WorldWide, Masabi, Smart Card IT Solutions, Scheidt & Bachmann, and Xminnov.

Recent Developments in the Mobile Ticketing Industry

In 2022, StubHub, a ticket marketplace, launched a new mobile ticketing application named ‘StubHub Mobile Entry.’ It allowed users to access their tickets for events such as concerts, sports, and theater directly from their mobile devices. It looked to improve ease, eliminate the need for actual tickets, and provide StubHub users with a seamless ticketing experience.

In 2020, TickPick introduced mobile ticketing capabilities. Users can access and see their event tickets available immediately on their mobile devices for entry, removing the requirement for printed tickets. TickPick's mobile ticketing application was designed to simplify the ticketing procedure and enhance the overall user experience.

Segmentation of Mobile Ticketing Market Research

• By Application Type:

  • Travel Tickets
  • Entertainment Tickets
  • Hotel Bookings
  • Others

• By Type:

  • Mobile Ticketing Application
  • SMS Mobile Ticketing

• By Region:

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia & Oceania
  • The Middle East & Africa