Market Analysis
Market Research Future
(MRFR) projects the global mobile ticketing market to exceed USD 4000 million
at a CAGR of 19% from 2016 to 2022 (forecast period).
Mobile ticketing is a new
addition to the ticket booking online system. Mobile ticketing makes it easy to
book transportation tickets (such as trains, buses, and airplanes) as well as
entertainment tickets to play zones, movies, theatres, and comedy acts online.
The ticket is now available on our phones with a few clicks, which saves paper.
The Mobile Ticketing Industry
has grown in popularity because of its low production costs, ease of use, lower
distribution costs, and enhanced customer convenience. Smartphones and smart
handheld devices have been the most important factors in driving demand for the
mobile ticketing market.
Because of reduced
paperwork, the mobile ticketing company has grown as a result of
digitalization, digitization, fast ticket booking, online payment, and
interactive interfaces. The primary advantages of the mobile ticketing system
are instant access to information and QR tickets, less human error, and so on.
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COVID-19 Impact on the
Global Mobile Ticketing Market
The outbreak of the
COVID-19 pandemic brought the globe to a halt. A virus that began in a flea
market in Wuhan, China, put the entire world under lockdown, affecting the
industrial market growth. The IT sector is expected to have a mixed impact as a
result of the virus's widespread outbreak and propagation around the world.
Mobile ticketing is projected to have a favorable impact in different
industries such as transportation, hotel bookings, and so on throughout the
years 2021-2022. Mobile ticketing is more popular now because contact-free
options are available, as paper-based ticketing was hazardous during the
outbreak.
Market Segmentation
The global mobile
ticketing market has been segmented into type, technology, application, and
vertical.
By type, the global
mobile ticketing market has been segmented into SMS ticketing and mobile
applications.
By technology, the global
mobile ticketing market has been segmented into Bar-code, Optical Character
Recognition (OCR), and Near Field Communication (NFC). NFC is anticipated to
register maximum growth in the upcoming years.
By application, the
global mobile ticketing market has been segmented into hospitality (booking
hotels, motels, guest houses, etc.), transportation (flights, roadways,
railways), sports (FIFA, cricket, badminton, tennis matches, etc.), and
entertainment.
By vertical, the global
mobile ticketing market has been segmented into users and suppliers.
Regional Analysis
Region-wise, the global
mobile ticketing market has been segmented into North America, Europe, Asia
Pacific, and the rest of the world.
According to the most
recent market study on the worldwide mobile ticketing market, North America is
the market leader. European countries such as Germany, France, Italy, Belgium,
and others have seen a rapid market expansion in the mobile ticketing industry.
Because Europe was the first market to introduce concert ticketing online
booking via mobile ticketing, it paved the way for global mobile ticketing in
the entertainment industry. With growing improvements in the smartphone
industry, the Asia Pacific regions of China, Japan, India, Australia, and
others have emerged as the largest market holders in the Asian region.
Key Players
The prominent market
players in the field of mobile ticketing market are Infineon Technologies
(Germany), Cubic Corporation (US), Rambus (US), Vix Technology (Australia),
Confidex (Finland), Giesecke Devrient (Germany), HID Global (US), Inside Secure
(France), Gemalto (Netherlands), Indra Sistemas (Spain), City way (France),
StubHub (US), Paragon ID (France), Masabi (UK), CGI Group (Canada), Scheidt
& Bachmann (Germany), Softjourn (US), Xminnov (China), Smart Card IT
Solutions (India), Zendesk (US), Coast to Coast Tickets (US), Alliance Tickets
(US), Helpshift (US), Proxama (UK), Airbag (France), RazorGator (US), Ace
Ticket WorldWide (US), and many more.
Summary
The global mobile
ticketing market is predicted to exceed USD 4000 million at a CAGR of 19% from
2016 to 2022 (forecast period). Due to reduced paperwork, the mobile ticketing
company has grown as a result of digitalization, digitization, fast ticket booking,
online payment, and interactive interfaces. The major benefits of the mobile
ticketing system are immediate access to information & QR tickets and less
human error.
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