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(Transportation-News.com, July 23, 2018 ) Smart ticket, commonly known as a smart card, includes a microchip that can be used as a travel ticket. It is primarily used in the transportation industry to offer reduced waiting time and easy-to-pay options for travelers. The European land transportation industry is a significant adopter of smart ticketing as the European governments are focusing on the digitization of the public transit and sustainable transport policies. The products segment include ticket vending machine, smart parking, smart bill, ticketing systems, and others. Ticketing machines offer diverse types of tickets to passengers according to the mode of transport; vending machines service to customers is also one of its kind. Smart parking uses sensors and ticketing systems in its parking space to determine vehicle occupancy levels.
Top Manufacturer Detail:
Cubic Corporation, Rambus Inc., Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Confidex Ltd., Masabi Ltd., RFID Global, CAEN RFID, and BluEpyc
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The Europe smart ticketing market revenue is estimated to be $1.74 billion in 2017 and is expected to reach $5.38 billion by 2023, growing at a CAGR of 20.69% during the forecast period 2017-2023.
The demand for smart ticketing in Europe is driven by growing European tourism industry, simplified technology ecosystem, and the need for the innovation of more potential ticketing systems across urban areas. The leading payment solution vendors in Europe are also increasing their presence in this market by offering integrated payment solutions through partnerships with smart ticket developers and operators. These companies are also deploying big data analytics and connected devices to track the passenger travel patterns so that operators can provide customized products and services.
Browse Complete Report: http://www.reportsweb.com/europe-smart-ticketing-market-drivers-restraints-opportunities-trends-and-forecasts-2023
Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 11
1.3 PEST Analysis 12
2 Report Outline 13
2.1 Report Scope 13
2.2 Report Summary 14
2.3 Research Methodology 16
2.4 Report Assumptions 17
3 Market Snapshot 18
3.1 Total Addressable Market 18
3.2 Segmented Addressable Market 18
4 Market Outlook 20
4.1 Overview 20
4.2 Market Trends 21
4.3 Market Segmentation 22
4.4 Porter 5 (Five) Forces 23
6 Technology: Market Size and Analysis 30
6.1 Overview 30
6.2 NFC 30
6.3 RFID 31
6.4 QR Code 32
6.5 Bar Code 33
6.6 Open Payment Fare Systems 33
6.7 Others 34
7 Product: Market Size and Analysis 36
7.1 Overview 36
7.2 Ticketing System 36
7.3 Ticketing Machines 37
7.4 Smart Parking 38
7.5 Smart Bill 39
8 Modes: Market Size and Analysis 41
8.1 Overview 41
8.2 Smart Card 41
8.2.1 Contactless Cards 42
8.2.2 Contact Cards 42
8.3 Mobile Devices 43
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