The global contactless ticketing market size is expected to be valued at US$ 9.4 Billion in 2022 and US$ 17.3 Billion in 2032. It is projected to showcase remarkable growth at a CAGR of 13.9% in the forecast period from 2022 to 2032. The rising demand for contactless ticketing from the tourism, entertainment, and sports industries is anticipated to drive growth in the near future.
Report Attribute | Details |
---|---|
Contactless Ticketing Market Estimated Base Year Value (2021) | US$ 8.1 Billion |
Contactless Ticketing Market Expected Market Value (2022) | US$ 9.4 Billion |
Contactless Ticketing Market Anticipated Forecast Value (2032) | US$ 17.3 Billion |
Contactless Ticketing Market Projected Growth Rate (2022 to 2032) | 13.9% CAGR |
Contactless ticketing is unconventional to the traditional cardboard or paper ticket for public transport. It can electronically store a ticket on a microchip and allow seamless payment and transportation services for customers.
The increasing demand for contactless ticketing systems from concerts, stadiums, and similar other places that frequently organize events is anticipated to bolster the market. Event management companies often face various issues, such as a lack of uniform refund mechanisms, fraud, incomplete sales of tickets, and false tickets.
Many times, tickets to big events are purchased in mass by bot networks in the secondary market. These are then sold at an exorbitant price to customers either online or offline. Security issues may also come up as event organizers are unaware of the identity of visitors.
Contactless smart ticketing systems would enable event management companies to set specific norms for crypto-tickets, such as resales, refunds, exchange, and costs. Customers at the same time can be assured that their tickets are not used by other people or are not fake.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
In industries, such as entertainment, transit, and sports, contactless ticketing is gradually emerging as a cutting-edge system. These tickets are considered to be an efficient and affordable way for passengers to manage their travel via public transportation. They can easily pre-load credits into their tickets for traveling in the future.
They can also transfer or recover money from another ticketing system if their contactless ticket is lost or stolen. In addition to that, the increasing adoption of various advanced technologies in tourism and travel businesses, such as Artificial Intelligence (AI), variables, virtual philanthropy, and smart cards is expected to boost the sales of contactless ticketing systems in both developed and developing countries. Transportation authorities in countries, such as Asia Pacific and Europe are anticipated to launch ambitious schemes, including smart ticketing systems to expand their tourism industry.
The deployment of contactless ticketing systems in the public transportation network requires the engagement of multiple stakeholders, such as user groups, service providers, infrastructure suppliers, the public sector, and component manufacturers. It thus leads to the development of a complicated structure, which demands a vital financial commitment.
Besides, rising concerns of security and safety risks associated with the usage of this type of ticketing system may hinder the global contactless ticketing market growth in the evaluation period. A few credentials, including secret cryptographic keys for authentication purposes, are required to avail tickets. When these credentials are stored in mobile devices that lack security, hackers can try to break into the system and steal confidential data.
Europe is expected to remain at the forefront in terms of the contactless ticketing market share in the upcoming years. This growth is mainly attributable to the presence of a large number of renowned vendors, such as Giesecke+Devrient, Gemalto, and Infineon Technologies across the region. These companies are striving to broaden their presence in untapped areas by providing integrated payment solutions through collaborations with contactless ticketing system companies.
The rising demand for smart ticketing services in Germany owing to the rapid expansion of the tourism sector is a major factor that is likely to bode well for the market. The ongoing adoption of novel technologies, such as barcodes, QR codes, NFC, and RFID in the United Kingdom. is another factor that is estimated to propel the Europe market in the future.
Rapid urbanization and economic growth in developing countries, such as India, China, Malaysia, Thailand, and Indonesia are set to augment the Asia Pacific contactless ticketing market growth in the forthcoming years. The ever-increasing population in these countries is another factor that is projected to drive the demand for innovative ticketing systems.
The rising emphasis of key players on the development of interoperable and advanced automated fare collection systems, such as NFC-enabled devices and smart cards across Asia Pacific to surge both the efficiency of ridership and transportation systems is also projected to augur well for the market. Many vendors are trying to provide commuters with a smooth travel experience in this region, which is set to positively influence the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the leading players present in the global contactless ticketing market include Wirecard AG, CPI Card Group Inc., Atos SE, NXP Semiconductors N.V., Infineon Technologies AG, Giesecke & Devrient GmbH, Proxama PLC., Oberthur Technologies S.A., Texas Instruments, Inc., and American Express Company among others.
The global market is moderately fragmented with the presence of a few renowned companies. New firms are expected to enter this market with the rising initiatives taken by governments to support key players. The majority of the leading players are focusing on acquisitions and collaborations to stay ahead of the competition. Meanwhile, a handful of companies are aiming to invest huge sums in research and development activities to launch novel products in the market.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 13.9% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Device Type, Vertical, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Wirecard AG; CPI Card Group Inc.; Atos SE; NXP Semiconductors N.V.; Infineon Technologies AG; Giesecke & Devrient GmbH; Proxama PLC.; Oberthur Technologies S.A.; Texas Instruments, Inc.; American Express Company |
Customization | Available Upon Request |
The global contactless ticketing market is expected to surpass US$ 17.3 Billion in 2032.
Europe is likely to dominate the contactless ticketing market in the forecast period.
Wirecard AG, CPI Card Group Inc., Atos SE, NXP Semiconductors N.V., Infineon Technologies AG, Giesecke & Devrient GmbH, and Proxama PLC. are some of the prominent companies in the contactless ticketing market.
1. Executive Summary | Contactless Ticketing Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume ('000 Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume ('000 Units) Analysis By Solution, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume ('000 Units) Analysis and Forecast By Solution, 2022 to 2032 5.3.1. Smart Card Contactless Ticketing 5.3.2. Contactless NFC Ticketing (Smartphone-based) 5.4. Y-o-Y Growth Trend Analysis By Solution, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Solution, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume ('000 Units) Analysis By Component, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume ('000 Units) Analysis and Forecast By Component, 2022 to 2032 6.3.1. Hardware 6.3.2. Software 6.3.3. Services 6.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume ('000 Units) Analysis By Application, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume ('000 Units) Analysis and Forecast By Application, 2022 to 2032 7.3.1. Transportation 7.3.2. Media & Entertainment 7.3.3. Sports & Games Events 7.3.4. Others 7.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 Deep-dive segmentation will be available in the sample on request 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume ('000 Units) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) & Volume ('000 Units) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Solution 9.2.3. By Component 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Solution 9.3.3. By Component 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By Solution 10.2.3. By Component 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Solution 10.3.3. By Component 10.3.4. By Application 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. United Kingdom 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By Solution 11.2.3. By Component 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Solution 11.3.3. By Component 11.3.4. By Application 11.4. Key Takeaways 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Solution 12.2.3. By Component 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Solution 12.3.3. By Component 12.3.4. By Application 12.4. Key Takeaways 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By Solution 13.2.3. By Component 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Solution 13.3.3. By Component 13.3.4. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume ('000 Units) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) & Volume ('000 Units) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of Middle East and Africa 14.2.2. By Solution 14.2.3. By Component 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Solution 14.3.3. By Component 14.3.4. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Solution 15.1.2.2. By Component 15.1.2.3. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Solution 15.2.2.2. By Component 15.2.2.3. By Application 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Solution 15.3.2.2. By Component 15.3.2.3. By Application 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Solution 15.4.2.2. By Component 15.4.2.3. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Solution 15.5.2.2. By Component 15.5.2.3. By Application 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Solution 15.6.2.2. By Component 15.6.2.3. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Solution 15.7.2.2. By Component 15.7.2.3. By Application 15.8. United Kingdom 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Solution 15.8.2.2. By Component 15.8.2.3. By Application 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Solution 15.9.2.2. By Component 15.9.2.3. By Application 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Solution 15.10.2.2. By Component 15.10.2.3. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Solution 15.11.2.2. By Component 15.11.2.3. By Application 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Solution 15.12.2.2. By Component 15.12.2.3. By Application 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Solution 15.13.2.2. By Component 15.13.2.3. By Application 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Solution 15.14.2.2. By Component 15.14.2.3. By Application 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Solution 15.15.2.2. By Component 15.15.2.3. By Application 15.16. ASIAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Solution 15.16.2.2. By Component 15.16.2.3. By Application 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Solution 15.17.2.2. By Component 15.17.2.3. By Application 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Solution 15.18.2.2. By Component 15.18.2.3. By Application 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Solution 15.19.2.2. By Component 15.19.2.3. By Application 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Solution 15.20.2.2. By Component 15.20.2.3. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Solution 16.3.3. By Component 16.3.4. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. G+D (Giesecke & Devrient) 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Paragon Group Limited 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Confidex Ltd. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Wirecard AG 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Oberthur Technologies 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Thales Group 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. CPI Card Group 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. HID Global 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Saffire 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Kiosk Innova 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. On Track Innovations Ltd. (OTI) 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. ViVOtech, Inc. 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports