Contactless Ticketing Solutions Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
MARKET DYNAMICS
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.
MARKET SCOPE
The "Global Contactless Ticketing Solution Market Analysis to 2031" is a specialized and in-depth study of the contactless ticketing solution market with a special focus on the global market trend analysis. The report aims to provide an overview of contactless ticketing solution market with detailed market segmentation by device type, vertical. The global contactless ticketing solution market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless ticketing solution market player and offers key trends and opportunities in the contactless ticketing solution market.
MARKET SEGMENTATION
The global contactless ticketing solution market is segmented on the basis of device type, vertical. On the basis of device type, market is segmented as smart cards, NFC chips, mobile handsets, others. On the basis of vertical, market is segmented as transportation, media and entertainment, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global contactless ticketing solution market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless ticketing solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting contactless ticketing solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the contactless ticketing solution market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global contactless ticketing solution market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless ticketing solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting contactless ticketing solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the contactless ticketing solution market in these regions.
MARKET PLAYERS
The reports cover key developments in the contactless ticketing solution market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from contactless ticketing solution market are anticipated to lucrative growth opportunities in the future with the rising demand for contactless ticketing solution market. Below mentioned is the list of few companies engaged in the contactless ticketing solution market.
The report also includes the profiles of key contactless ticketing solution market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- CPI Card Group Inc.
- Infineon Technologies AG
- Proxama, PLC.
- Texas Instruments, Inc.
- Wirecard AG
- NXP Semiconductors N.V.
- Atos SE
- Giesecke and Devrient GmbH
- American Express Company
- Oberthur Technologies S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Contactless Ticketing Solutions Market - By Device Type
1.3.2Contactless Ticketing Solutions Market - By Vertical
1.3.3Contactless Ticketing Solutions Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CONTACTLESS TICKETING SOLUTIONS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.CONTACTLESS TICKETING SOLUTIONS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CONTACTLESS TICKETING SOLUTIONS MARKET - GLOBAL MARKET ANALYSIS
6.1.CONTACTLESS TICKETING SOLUTIONS - GLOBAL MARKET OVERVIEW
6.2.CONTACTLESS TICKETING SOLUTIONS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CONTACTLESS TICKETING SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 â" DEVICE TYPE
7.1.OVERVIEW
7.2.DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3.SMART CARDS
7.3.1.Overview
7.3.2.Smart Cards Market Forecast and Analysis
7.4.NFC CHIPS
7.4.1.Overview
7.4.2.NFC Chips Market Forecast and Analysis
7.5.MOBILE HANDSETS
7.5.1.Overview
7.5.2.Mobile Handsets Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.CONTACTLESS TICKETING SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 â" VERTICAL
8.1.OVERVIEW
8.2.VERTICAL MARKET FORECASTS AND ANALYSIS
8.3.TRANSPORTATION
8.3.1.Overview
8.3.2.Transportation Market Forecast and Analysis
8.4.MEDIA AND ENTERTAINMENT
8.4.1.Overview
8.4.2.Media and Entertainment Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.CONTACTLESS TICKETING SOLUTIONS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Contactless Ticketing Solutions Market Overview
9.1.2North America Contactless Ticketing Solutions Market Forecasts and Analysis
9.1.3North America Contactless Ticketing Solutions Market Forecasts and Analysis - By Device Type
9.1.4North America Contactless Ticketing Solutions Market Forecasts and Analysis - By Vertical
9.1.5North America Contactless Ticketing Solutions Market Forecasts and Analysis - By Countries
9.1.5.1United States Contactless Ticketing Solutions Market
9.1.5.1.1United States Contactless Ticketing Solutions Market by Device Type
9.1.5.1.2United States Contactless Ticketing Solutions Market by Vertical
9.1.5.2Canada Contactless Ticketing Solutions Market
9.1.5.2.1Canada Contactless Ticketing Solutions Market by Device Type
9.1.5.2.2Canada Contactless Ticketing Solutions Market by Vertical
9.1.5.3Mexico Contactless Ticketing Solutions Market
9.1.5.3.1Mexico Contactless Ticketing Solutions Market by Device Type
9.1.5.3.2Mexico Contactless Ticketing Solutions Market by Vertical
9.2.EUROPE
9.2.1Europe Contactless Ticketing Solutions Market Overview
9.2.2Europe Contactless Ticketing Solutions Market Forecasts and Analysis
9.2.3Europe Contactless Ticketing Solutions Market Forecasts and Analysis - By Device Type
9.2.4Europe Contactless Ticketing Solutions Market Forecasts and Analysis - By Vertical
9.2.5Europe Contactless Ticketing Solutions Market Forecasts and Analysis - By Countries
9.2.5.1Germany Contactless Ticketing Solutions Market
9.2.5.1.1Germany Contactless Ticketing Solutions Market by Device Type
9.2.5.1.2Germany Contactless Ticketing Solutions Market by Vertical
9.2.5.2France Contactless Ticketing Solutions Market
9.2.5.2.1France Contactless Ticketing Solutions Market by Device Type
9.2.5.2.2France Contactless Ticketing Solutions Market by Vertical
9.2.5.3Italy Contactless Ticketing Solutions Market
9.2.5.3.1Italy Contactless Ticketing Solutions Market by Device Type
9.2.5.3.2Italy Contactless Ticketing Solutions Market by Vertical
9.2.5.4United Kingdom Contactless Ticketing Solutions Market
9.2.5.4.1United Kingdom Contactless Ticketing Solutions Market by Device Type
9.2.5.4.2United Kingdom Contactless Ticketing Solutions Market by Vertical
9.2.5.5Russia Contactless Ticketing Solutions Market
9.2.5.5.1Russia Contactless Ticketing Solutions Market by Device Type
9.2.5.5.2Russia Contactless Ticketing Solutions Market by Vertical
9.2.5.6Rest of Europe Contactless Ticketing Solutions Market
9.2.5.6.1Rest of Europe Contactless Ticketing Solutions Market by Device Type
9.2.5.6.2Rest of Europe Contactless Ticketing Solutions Market by Vertical
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Contactless Ticketing Solutions Market Overview
9.3.2Asia-Pacific Contactless Ticketing Solutions Market Forecasts and Analysis
9.3.3Asia-Pacific Contactless Ticketing Solutions Market Forecasts and Analysis - By Device Type
9.3.4Asia-Pacific Contactless Ticketing Solutions Market Forecasts and Analysis - By Vertical
9.3.5Asia-Pacific Contactless Ticketing Solutions Market Forecasts and Analysis - By Countries
9.3.5.1Australia Contactless Ticketing Solutions Market
9.3.5.1.1Australia Contactless Ticketing Solutions Market by Device Type
9.3.5.1.2Australia Contactless Ticketing Solutions Market by Vertical
9.3.5.2China Contactless Ticketing Solutions Market
9.3.5.2.1China Contactless Ticketing Solutions Market by Device Type
9.3.5.2.2China Contactless Ticketing Solutions Market by Vertical
9.3.5.3India Contactless Ticketing Solutions Market
9.3.5.3.1India Contactless Ticketing Solutions Market by Device Type
9.3.5.3.2India Contactless Ticketing Solutions Market by Vertical
9.3.5.4Japan Contactless Ticketing Solutions Market
9.3.5.4.1Japan Contactless Ticketing Solutions Market by Device Type
9.3.5.4.2Japan Contactless Ticketing Solutions Market by Vertical
9.3.5.5South Korea Contactless Ticketing Solutions Market
9.3.5.5.1South Korea Contactless Ticketing Solutions Market by Device Type
9.3.5.5.2South Korea Contactless Ticketing Solutions Market by Vertical
9.3.5.6Rest of Asia-Pacific Contactless Ticketing Solutions Market
9.3.5.6.1Rest of Asia-Pacific Contactless Ticketing Solutions Market by Device Type
9.3.5.6.2Rest of Asia-Pacific Contactless Ticketing Solutions Market by Vertical
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Contactless Ticketing Solutions Market Overview
9.4.2Middle East and Africa Contactless Ticketing Solutions Market Forecasts and Analysis
9.4.3Middle East and Africa Contactless Ticketing Solutions Market Forecasts and Analysis - By Device Type
9.4.4Middle East and Africa Contactless Ticketing Solutions Market Forecasts and Analysis - By Vertical
9.4.5Middle East and Africa Contactless Ticketing Solutions Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Contactless Ticketing Solutions Market
9.4.5.1.1South Africa Contactless Ticketing Solutions Market by Device Type
9.4.5.1.2South Africa Contactless Ticketing Solutions Market by Vertical
9.4.5.2Saudi Arabia Contactless Ticketing Solutions Market
9.4.5.2.1Saudi Arabia Contactless Ticketing Solutions Market by Device Type
9.4.5.2.2Saudi Arabia Contactless Ticketing Solutions Market by Vertical
9.4.5.3U.A.E Contactless Ticketing Solutions Market
9.4.5.3.1U.A.E Contactless Ticketing Solutions Market by Device Type
9.4.5.3.2U.A.E Contactless Ticketing Solutions Market by Vertical
9.4.5.4Rest of Middle East and Africa Contactless Ticketing Solutions Market
9.4.5.4.1Rest of Middle East and Africa Contactless Ticketing Solutions Market by Device Type
9.4.5.4.2Rest of Middle East and Africa Contactless Ticketing Solutions Market by Vertical
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Contactless Ticketing Solutions Market Overview
9.5.2South and Central America Contactless Ticketing Solutions Market Forecasts and Analysis
9.5.3South and Central America Contactless Ticketing Solutions Market Forecasts and Analysis - By Device Type
9.5.4South and Central America Contactless Ticketing Solutions Market Forecasts and Analysis - By Vertical
9.5.5South and Central America Contactless Ticketing Solutions Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Contactless Ticketing Solutions Market
9.5.5.1.1Brazil Contactless Ticketing Solutions Market by Device Type
9.5.5.1.2Brazil Contactless Ticketing Solutions Market by Vertical
9.5.5.2Argentina Contactless Ticketing Solutions Market
9.5.5.2.1Argentina Contactless Ticketing Solutions Market by Device Type
9.5.5.2.2Argentina Contactless Ticketing Solutions Market by Vertical
9.5.5.3Rest of South and Central America Contactless Ticketing Solutions Market
9.5.5.3.1Rest of South and Central America Contactless Ticketing Solutions Market by Device Type
9.5.5.3.2Rest of South and Central America Contactless Ticketing Solutions Market by Vertical
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.CONTACTLESS TICKETING SOLUTIONS MARKET, KEY COMPANY PROFILES
11.1.CPI CARD GROUP INC.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.INFINEON TECHNOLOGIES AG
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.PROXAMA, PLC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.TEXAS INSTRUMENTS, INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.WIRECARD AG
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.NXP SEMICONDUCTORS N.V.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.ATOS SE
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.GIESECKE AND DEVRIENT GMBH
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.AMERICAN EXPRESS COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.OBERTHUR TECHNOLOGIES S.A.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. CPI Card Group Inc.
2. Infineon Technologies AG
3. Proxama, PLC.
4. Texas Instruments, Inc.
5. Wirecard AG
6. NXP Semiconductors N.V.
7. Atos SE
8. Giesecke and Devrient GmbH
9. American Express Company
10. Oberthur Technologies S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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