Market Scenario:
Mobile Ticketing is the process by which we can book tickets for any transportation or any event or entertainment show via mobile devices without using any paper at all. Mobile ticketing is preferred over the paper based ticketing as mobile ticketing reduces production, distribution costs and increases the customer convenience. Mobile ticketing enables simple purchasing of tickets.
The study indicates that the rising penetration of smartphones is one of the factor driving the Mobile Ticketing Market. Apart from it the demands of instant ticket booking, digitization and emergence of latest technologies is driving the mobile ticketing market. The study indicates that mobile ticketing has many advantages as reduced paperwork time, reduced chance of errors and immediate accessibility of information. It has been observed that these benefits of mobile ticketing are boosting the mobile ticketing market. The study indicates that the mobile ticketing market has a few restraints one of the major restraint is lack of awareness. The study reveals that proper internet connectivity is also one the challenge faced by the mobile ticketing market. Moreover the prevailing security concerns regarding mobile payment is also a challenge faced by the mobile ticketing market. The mobile ticketing market is segmented on the basis of type, technology and applications.
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The Global Mobile Ticketing Market is expected to grow at USD ~4026 Million by 2022, at ~19% of CAGR between 2016 and 2022.
Regional Analysis
The regional analysis of Mobile Ticketing is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that North America is dominating the Mobile Ticketing market owing to the high penetration of mobile ticketing applications and is followed by Europe. It has been observed that the use of mobile ticketing for concerts started first in Europe. Europe had early adoption of mobile ticketing it has the second biggest market share in the mobile ticketing market. Asia Pacific region is expected to grow significantly in the Mobile Ticketing market over the forecast period owing to factors such as increasing advancements in mobility and introduction of NFC.
Key Players
The prominent players in the Mobile Ticketing market are Zendesk (U.S.), Masabi (UK), Helpshift (U.S.), Proxama (UK), ticketscript (Netherlands), Airtag (France), Ace Ticket Worldwide (U.S.), Alliance Tickets (U.S.), Coast to Coast Tickets (U.S.), RazorGator (U.S.), StubHub (U.S.) among others
Segments:
Mobile Ticketing is market is segmented on the basis of type, technology and application.
Mobile Ticketing market by Type:
- Mobile Applications
- SMS Ticketing
Mobile Ticketing market by Technology:
- OCR (Optical character recognition)
- 2D bar code
- -PDF 417
- -QR code
- NFC technology
Mobile Ticketing market by Application:
- Travel Tickets
- Entertainment tickets
- Others
Intended Audience
- Technology investors
- Mobile Ticketing service providers
- Internet service providers
- Mobile Ticketing platform providers
- Technology providers
- Research/Consultancy firms
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 MOBILE TICKETING MARKET: BY TYPE (%)
FIGURE 3 MOBILE TICKETING MARKET: BY APPLICATION (%)
FIGURE 4 MOBILE TICKETING MARKET: BY TECHNOLOGY (%)
FIGURE 5 MOBILE TICKETING MARKET: BY REGION
FIGURE 6 NORTH AMERICA MOBILE TICKETING MARKET, BY TYPE (%)
FIGURE 7 NORTH AMERICA MOBILE TICKETING MARKET, BY APPLICATION (%)
FIGURE 8 NORTH AMERICA MOBILE TICKETING MARKET, BY TECHNOLOGY (%)
FIGURE 9 EUROPE MOBILE TICKETING MARKET, BY TYPE (%)
FIGURE 10 EUROPE MOBILE TICKETING MARKET, BY APPLICATION (%)
FIGURE 11 EUROPE MOBILE TICKETING MARKET, BY TECHNOLOGY (%)
FIGURE 12 ASIA-PACIFIC MOBILE TICKETING MARKET, BY TYPE (%)
FIGURE 13 ASIA-PACIFIC MOBILE TICKETING MARKET, BY APPLICATION (%)
FIGURE 14 ASIA-PACIFIC MOBILE TICKETING MARKET, BY TECHNOLOGY (%)
FIGURE 15 ROW MOBILE TICKETING MARKET, BY TYPE (%)
FIGURE 16 ROW MOBILE TICKETING MARKET, BY APPLICATION (%)
FIGURE 17 ROW MOBILE TICKETING MARKET, BY TECHNOLOGY (%)
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Mobile Ticketing Global Market - OverviewThe mobile ticketing is defined as the process where customers can pay, order, obtain tickets through mobile phones or other mobile devices.
The reason behind mobile ticketing trend is the initiative taken by government to encourage citizens towards a cashless economy.
The key aspects aiding the growth of mobile ticketing market is the rising penetration of smartphones, instant ticket booking, digitization and emergence of latest technologies.
According to a recent study report published by the Market Research Future, The global market of Mobile Ticketing is booming and expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2577The study states that the rise in the number of smartphone manufacturers and availability of smartphones in low prices due to which the there is a constant rise in smartphone users.
Besides this, mobile ticketing applications is easily installed and well supported by smartphones.
An erudite analysis of global Mobile Ticketing In Transportation Market Size has recently been added by Absolute Markets Insights to its comprehensive repository.
Market research reports include current market scenarios, historical data and forecasts for the future.
An accurate data of various industry aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers.
In addition, the study provides a 360-degree overview of the competitive landscape of industries.
The financial aspects of the business are also meticulously studied referring to several attributes such as price, profit margins and sales by regions during the forecast period (2021-2030).Primary and secondary research techniques have been used by analysts for studies data effectively.
Different top key players such as Bytemark, Inc., Corethree, Cubic Corporation, Famoco, Genfare, Giesecke+Devrient Mobile Security GmbH, Infineon Technologies AG, Margento B.V., Masabi Ltd, Mobisoft Infotech LLC, moovel Group GmbH., NTT DATA, Inc., Paragon Group Limited, PASSPORT LABS, Inc., PayiQ, Thales Group, Transdev and Trapeze Software ULC give the comparative analysis of demand supply chain.
Increasing preference of customers in order to obtain, order, validate and pay for tickets conveniently has led to an upsurge in demand for mobile ticketing market in the coming years. In addition, reduced distribution and production costs related to traditional ticketing channels based on paper will further fuel growth of the market in the coming years. The global mobile ticketing market is expected to witness a 21.3% CAGR growth over the forecast period, 2016-2024.
Market Dynamics
Mobile tickets can be purchased through secure mobile applications, voice calls, via text messages, online and WAP pages. Attributed to convenient simple and new ways to purchase tickets, the global mobile ticketing market is expected to witness 21.3% CAGR growth by the end of 2024. Moreover, trends such a rapid increase in adoption of smartphones has further fuelled demand for mobile ticketing globally.
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Wide adoption of smartphones has positively impacted growth of the global mobile ticketing market, and the trend is likely to continue in the coming years. Additionally, it is convenient to manage booking a ticket without the need to commute to the ticketing counter due to busy lifestyle. Furthermore, companies are witnessed to gradually partner with ticketing agents to develop online portals for customers to easily log in at any place and time for booking tickets online. Such factors are significantly propelling demand for the global mobile ticketing market in the coming years.
However, apart from improper connectivity, lack of awareness among various end users and vendors regarding application of apps in order to access and book tickets through the online portals is likely to inhibit growth of the global mobile ticketing market in the coming years. Moreover, sensitive information regarding banking and personal details can be misused or stolen, which is further restraining growth of the global mobile ticketing market over the years.
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Entertainment tickets among other travel tickets will witness relatively high Y-o-Y growth rate in the span of next four years. Moreover, travel tickets among others will account for revenues worth US$ 285 Mn, witnessing a steady growth in the coming years.
North America and Europe among various regions will witness various smart city projects that have recently been launched and will further include mobile ticketing for the purpose of transportation. Furthermore, Europe will lose its dominance, and emerge as the major market globally for mobile ticketing in the coming years.Whereas, the mobile ticketing market will witness relatively fast CAGR growth of 25.1% in terms of revenue over the coming years.
Leading companies operating in the global mobile ticketing market include inmodo AB, Masabi Ltd., Gemalto N.V., Margento B.V., Digital Management, Inc., ShowClix Inc., moovel Group GmbH, Rapid Systems, Inc., AEP Ticketing Solutions Srl and Scheidt & Bachmann GmbH.
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