Europe Smart Ticketing Market: By modes (Smart Cards- (Contact & Contactless Cards) & Mobile devices; By technologies (NFC, RFID, QR-Code, Bar-Code, Open Payment Fare Systems, and Others); By products (Ticket Machines, Smart Parking, Smart Bill, and Ticketing System); By verticals (Transportation- (Land Transport- (Rail Ways, Metros & Trams, and Buses), Air Transport, and Water Transport), Entertainment, Sports and Others) Regional- Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023.

Overview:

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 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.

 

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.

 

Market Revenue and Segmentation Analysis:

Technological advancements in smart ticketing have pushed companies to adopt technologies such as NFC, RFID, QR code, and barcode. The emergence of smartphones equipped with NFC technology has resulted in introducing the necessary infrastructure for smart ticketing across the industries. RFID technology is widely used in smart cards due to its cost-effectiveness, and it is widely accepted in sports, entertainment, and transport among other industries. QR code and barcode technologies are being adopted in events, sports clubs, buses, metro stations, and others. The open payment systems are in great demand owing to decrease the waiting time for payments across the industries. The RFID market revenue is expected to reach $2,131.1 million by 2023, growing at a CAGR of 20.2% during the forecast period.

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. The ticketing system market revenue is valued at $852.3 million in 2017 and will grow at a CAGR of 20.9% during the forecast period.

The Europe smart ticketing market is segmented based on modes such as smart cards and mobile devices. The introduction of smart cards has minimized the usage of paper tickets in railways, buses, and others. The increase in smartphone penetration has resulted in the demand for mobile-based ticketing applications. The smart card market revenue is expected to grow at a CAGR of 20.0% during the forecast period.

The Europe smart ticketing market is segmented into following verticals: transportation, sports, entertainment, and others. The transportation industry is further segmented into land transport, air transport, and water transport. Further, the land transportation is segmented into metros, trams, buses, and railways. Many countries in Europe are deploying smart cards in various transportation modes such as land transport, rail transport, and airways. This trend is further fueled by the increase in security and safety against fraud activities. The transportation segment is expected to reach $4,377.4 million by 2023, growing at a CAGR of 20.0% during the forecast period 2017–2023.

Regions Analysis:

The market is segmented in terms of the leading countries in the smart ticketing market such as the UK, France, Italy, Russia, Germany, Spain, Poland, Netherlands, Portugal, Czech Republic, Sweden, Austria, Denmark, Norway, and Finland. The UK accounts for a significant share in the market, followed by France, Germany, Italy, Russia, and Spain. Norway, Czech Republic, and Denmark are expected to be the emerging markets, growing at a CAGR of above 22%.

Benefits and Vendors

The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The Europe smart ticketing market is expected to change the shape of industries by 2025 with its wide range of capabilities. The report covers an in-depth analysis of Cubic Corporation, Rambus Inc., Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Confidex Ltd., Masabi Ltd., RFID Global, CAEN RFID, and BluEpyc.

The study offers a comprehensive analysis of the “Europe Smart Ticketing” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

1     Industry Outlook  

1.1        Industry Overview

1.2        Industry Trends

1.3        PEST Analysis

2     Report Outline  

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot 

3.1        Total Addressable Market

3.2        Segmented Addressable Market

4     Market Outlook  

4.1        Overview

4.2        Market Trends

4.3        Market Segmentation

4.4        Porter 5 (Five) Forces

5     Market Characteristics

5.1        Evolution

5.2        Ecosystem

5.3        Market Dynamics

5.3.1     Drivers

5.3.1.1    Growing European tourism industry

5.3.1.2    Simplified technology ecosystem

5.3.1.3    Need for the innovation of more potential systems

5.3.2     Restraints

5.3.2.1    Lack of investments in the data and security

5.3.2.2    Increasing use of personal vehicles

5.3.3     Opportunities

5.3.3.1    Growing need for automation in smart cities

5.3.3.2    Need for digitalization of transportation industry

5.3.3.3    Increasing demand for intelligent transportation systems

5.3.4     DRO – Impact Analysis

6     Technology: Market Size and Analysis

6.1        Overview

6.2        NFC

6.3        RFID

6.4        QR Code

6.5        Bar Code

6.6        Open Payment Fare Systems

6.7        Others

7     Product: Market Size and Analysis 

7.1        Overview

7.2        Ticketing System

7.3        Ticketing Machines

7.4        Smart Parking

7.5        Smart Bill

8     Modes: Market Size and Analysis 

8.1        Overview

8.2        Smart Card

8.2.1     Contactless Cards

8.2.2     Contact Cards

8.3        Mobile Devices

9     Verticals: Market Size and Analysis 

9.1        Overview

9.1.1     Market Size and Analysis

9.2        Transportation

9.2.1     Land Transport

9.2.1.1    Metros and Trams

9.2.1.2    Buses

9.2.1.3    Railways

9.2.2     Air Transport: Airlines

9.2.3     Water transport

9.3        Sports

9.4        Entertainment

9.5        Others

10   Europe: Market Size and Analysis 

10.1     Overview

10.1.1  Market Size and Analysis

10.2     UK

10.3     France

10.4     Italy

10.5     Russia

10.6     Germany

10.7     Spain

10.8     Poland

10.9     Netherlands

10.10  Portugal

10.11  Czech Republic

10.12  Sweden

10.13  Austria

10.14  Denmark

10.15  Norway

10.16  Finland

11   Vendor Profiles 

11.1     Cubic Corporation

11.1.1  Overview

11.1.2  Business Unit

11.1.3  Geographic Revenue

11.1.4  Business Focus

11.1.5  SWOT Analysis

11.1.6  Business Strategies

11.2     Rambus Inc.

11.2.1  Overview

11.2.2  Business Unit

11.2.3  Geographic Revenue

11.2.4  Business Focus

11.2.5  SWOT Analysis

11.2.6  Business Strategies

11.3     Infineon Technologies AG

11.3.1  Overview

11.3.2  Business Unit

11.3.3  Geographic Revenue

11.3.4  Business Focus

11.3.5  SWOT analysis

11.3.6  Business Strategies

11.4     NXP Semiconductors

11.4.1  Overview

11.4.2  Business Unit

11.4.3  Geographic Presence

11.4.4  Business Focus

11.4.5  SWOT Analysis

11.4.6  Business Strategy

11.5     Xerox Corporation

11.5.1  Overview

11.5.2  Business Unit

11.5.3  Geographic Revenue

11.5.4  Business Focus

11.5.5  SWOT Analysis

11.5.6  Business Strategies

12   Companies to Watch For

12.1     Confidex Ltd.

12.1.1  Overview

12.1.2  Offerings:

Smart Ticketing Market:

12.2     Masabi Ltd.

12.2.1  Overview

12.2.2  Offerings:

Smart Ticketing Market:

12.3     RFID Global

12.3.1  Overview

12.3.2  Offerings:

12.4     CAEN RFID

12.4.1  Overview

12.4.2  Offerings:

RFID in Smart Ticketing:

12.5     BluEpyc

12.5.1  Overview

12.5.2  Offerings:

13   Competitive Landscape

13.1     Competitor Comparison Analysis

Annexure 

Abbreviations

 

 

 

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

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