Some of the key players operating in the
smart ticketing market include Gemalto NV (the Netherlands), HID
(U.S.), NXP Semiconductors (U.S), Infineon Technologies AG (Germany),
Giesecke & Devrient GmbH (Germany), Inside Secure (France), CPI Card
Group Inc., (U.S.) among others.
The smart ticketing system is a system
which enables storing tickets electronically in a microchip. The
microchip is embedded on a pepper card and this is known as a smart
card. Some of the key advantages of using smart ticking system include
safety from fraud, providing passengers with credit or pre loaded ride
travels in case of an advance travel, help is reduction or eliminating
long queue.
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Further smart ticketing system enables
the operators and sellers to provide there personalized or customized
tickets which suit the requirement of a wide range of individuals and
cater to their customized requirements. The smart ticketing system is
most widely adopted in the transportation sector. Some of the key
factors driving the smart ticket market include successful application
of a wide range of smart technology. Rising application in tourism and
travel industry and applications of systems which are user friendly
which could be accessed and easily used by people from all age group is
further driving the smart ticketing market growth. Some of the factors
restraining the smart ticketing system market include high setup cost
and a centralized operating unit for operating the smart ticketing
system to operate effectively. Further many governments across globe are
adopting demonetization policies and encouraging cashless transactions.
This is a key opportunity for the smart ticking market to grow over the
near future.
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The smart ticketing market by ticketing
solution could be segmented into HCT Ticketing App, HCE ticketing wallet
services, processing systems or host operator system, remote ticket
download, smart cards, smart ticket checker app and card management
system (CMS). The smart ticketing market by product could be segmented
by e-ticket, ticket machine, e-kiosk, e-toll, smart parking system and
others. Ticket machine is expected to lead the smart ticketing market
segmented by product type. The ticketing machine is an integration of
ticketing vending, smart gating and fare collection systems. The
ticketing machine enables the flow of passengers in peak hours and
effective operation. E-kiosk is expected to grow at the fastest rate
over the next few years.
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