Contactless Ticketing Solutions Market – Scope and Opportunities Analysis 2018 – 2028

Published: Fri Sep 27 2019


Global Contactless Ticketing Solutions Market: Introduction

When it comes to the contactless ticketing solutions, the two main options available are mobile NFC (Near Field Communication) and smart cards. Contactless cards are the ones customers are most aware of. In contactless ticketing, people just hold their card a few inches away from a reader, to securely authenticate or to pay for a passenger’s pass or ticket. A contactless ticketing solution by a mobile NFC can store tickets on the mobile phone digitally, and the NFC-enabled mobile phone can be used as a contactless transport ticket. To top up, a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train. Many countries are already enjoying the benefits of near field communication technology for contactless ticketing solutions. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing solution providers are offering security-based solutions to fulfil this huge demand in the contactless ticketing solutions market. The introduction of reliable and safe contactless ticketing solutions has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=1876 

Global Contactless Ticketing Solutions Market: Drivers and Challenges

Contactless payments or contactless ticketing solutions are fast-paced without the requirement of any password or pin to process the payment. Thus, these contactless ticketing solution based transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing solutions market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing solutions market. Faster and easier transactions make the boarding of passengers smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing solutions market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the contactless ticketing solutions market over the forecast period.

However, concerns regarding security and privacy of contactless ticketing solutions have created lack of trust among the public, and the absence of a pin facility during the contactless ticketing solutions based transaction further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing solutions market. Moreover, contactless ticketing cards are accepted at less locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing solutions market.

Have Any Query? Ask our Industry Experts- https://www.factmr.com/connectus/sample?flag=AE&rep_id=1876 

Global Contactless Ticketing Solutions Market: Segmentation

The contactless ticketing solutions market can be segmented on the basis of device type, vertical, and region.

The contactless ticketing solutions market segmentation by device type,

Smart Cards
NFC Chips
Mobile Handsets
Others
The contactless ticketing solutions market segmentation by vertical,

Transportation
Land Transport
Air Transport
Water Transport
Media and Entertainment
Others
Global Contactless Ticketing Solutions Market: Competition Landscape

Key Vendors

Examples of some of the market participants in the global contactless ticketing solutions market identified across the value chain include CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., Atos SE, Giesecke & Devrient GmbH, American Express Company, and Oberthur Technologies S.A.

Request Methodology of this Report- https://www.factmr.com/connectus/sample?flag=RM&rep_id=1876     

Global Contactless Ticketing Solutions Market: Regional Outlook

The contactless ticketing solutions market can be segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa.

Growing economies such as China and Japan are set to be emerging regions in the contactless ticketing solutions market in the coming years, due to increasing investments from their governments and companies providing complete automation ticketing services and systems. Europe is anticipated to lead the contactless ticketing solutions market, followed by North America, during the forecast period, due to fast adoption of new technology such as contactless ticketing solutions in these regions. Asia Pacific is estimated to significantly contribute to the contactless ticketing solutions market, due to the growing demand for smart ticketing and automated systems from the developing countries in this region.

Report Analysis@ https://www.factmr.com/report/1876/contactless-ticketing-solutions-market 

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
News sites: https://webchronicletoday.com/
Contact Name: Fact Market Research
Contact Email: info@factmr.com

Visit website »