Transport Ticketing Market to Witness a Pronounce Growth of 10% CAGR by 2023: Global Size, Share, Sales, and Regional Analysis Report 2018

Pune, India -- (SBWire) -- 11/30/2018 --Key Players
Market Research Future (MRFR) recognizes the following companies as the key players in the transport ticketing market are- 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) among others.

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Overview
AEP Ticketing Solutions is one of the major player in transport ticketing market is focusing on possessing technologies. It provides Contactless and magnetic technologies developed internally in compliance with standards. Infineon technologies offers 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. Cubic Corp. is about to demonstrate mobility innovation at Transport Ticketing & passenger information.
Rapid growth in sales of commercial vehicles, increasing number of travelers, boosting tourism industry and rising number metro cities worldwide are some of the major factors driving the transport ticketing market. Government initiatives towards controlling traffic congestion and reducing paper based tickets is one of the important factor driving the market. The rising population in city and urbanization are one of the significant factors driving the market growth. Government initiatives in emerging economies such as India and China is boosting the market. The increasing urbanization of rural areas and to connect remote areas to metropolitan networks is undertaken on large scale for effective transportation and customers safety is one of the key factor driving growth. The internet protocol (IP) technology in surveillance cameras will drive the growth of the surveillance camera in transport ticketing market.

Segments
The segmentation on the basis of includes software and hardware. The hardware segment includes sensors, surveillance cameras and others. Surveillance cameras in urban areas have mixed results in preventing crime. The installation of surveillance cameras to reduce crime is an effective use of scarce resources, especially with states struggling with soaring budget deficits. 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.
According to Market Research Future Analysis, Transport Ticketing Market has been valued at approximately USD 11 Billion by the end of forecast period with approx. 10% of CAGR during forecast period 2018 to 2023.

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:
By hardware segment, transport ticketing market consists of sensors, surveillance cameras sensors and others. Sensors can measure speed, height, length, and vehicle spacing, thereby providing users with information needed to classify vehicle types, compile vehicle quantities, and determine traffic density based on speed and spacing. There is an increased adoption of wireless sensors in regulating air traffic volume, trains and in reducing passenger and commercials vehicles traffic congestion.

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Regional Analysis
By region, MRFR analysis shows that North America region accounts for largest market share intransport ticketing market owing to growing adoption of smart ticketing solutions and the region is concentrating more on the project of smart cities and smart roads development. The implementation of transport ticketing technology by government is increasing rapidly due to increased traffic congestion and urbanization. The investment done by government towards smart cities development, smart lighting and better control and management of traffic rules is increasing in the region. Asia-Pacific region is expected to be one of the fastest market owing to huge investment made by government in reducing traffic congestion, air traffic volume and reduce manual data records.

Market Research Analysis:
In transport ticketing market, North America region is growing due to managing real-time traffic analysis capabilities. In US region, there is large utilization of transport ticketing system and various projects are undertaken for the development of citizens. The deployment and integration service is majorly adopted by users in the region as it is less time consuming. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of transport ticketing market to directly address the security of citizens. Increased urbanization has led to traffic congestions that results in increased paper usage. High adoption of solutions to reduce congestions, along with better transport ticketing and control, has led to a higher demand of transport ticketing solutions in the region. Countries such as China and Brazil are adopting safety and control measures for transport ticketing and safety of citizens. Asia-Pacific is projected to grow at the fastest rate during the forecast period.

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

TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
Continued…….

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LIST OF TABLES
TABLE 1 TRANSPORT TICKETING MARKET, BY PRODUCT
TABLE 2 TRANSPORT TICKETING MARKET, BY SYSTEM
TABLE 3 TRANSPORT TICKETING MARKET, BY APPLICATION
TABLE 4 TRANSPORT TICKETING MARKET, BY REGION
TABLE 5 NORTH AMERICA TRANSPORT TICKETING MARKET, BY PRODUCT
Continued…..

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 TRANSPORT TICKETING MARKET: BY PRODUCT (%)
FIGURE 3 TRANSPORT TICKETING MARKET: BY SYSTEM (%)
FIGURE 4 TRANSPORT TICKETING MARKET: BY APPLICATION (%)
FIGURE 5 TRANSPORT TICKETING MARKET: BY REGION (%)
Continued……

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