Automatic Ticket Checking and Managing System Market (Component - Software, and Hardware; Application - Transportation, Events, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the automatic ticket checking and managing system market provides an in-depth analysis of segments and sub-segments in the global as well as regional automatic ticket checking and managing system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automatic ticket checking and managing system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global automatic ticket checking and managing system market. According to the report, the global automatic ticket checking and managing system market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

Market Insight

Automatic ticket checking and managing system is part of the much broader next-generation ticketing concept. Manually ticket checking can be hectic and one needs to check and manage thousands of tickets that are allotted or issued. In manual ticket checking, the margin of error is extremely high as it is vulnerable to human limitations and intervention. Other drawbacks of manual ticket checking include high inefficiency. Next-generation ticketing is fast penetrating the sectors where tickets are used for admissions such as transportation, events, museums, parking lots, and various others. The next generation of ticketing is expected to bring about a paradigm shift in the way tickets are administered.

A growing number of commuters and domestic as well as international passengers is putting tremendous pressure on ticket administration at airports, bus terminals, railway stations, and metro stations. This has led to the urgency of adopting new technologies such as smart and digital ticketing. These modern concepts are being actively implanted at transportation facilities around the world. The use of these technologies makes ticket checking more accurate, faster, and efficient and brings down the overall costs of the ticket-checking process. The participation of people in events such as sports and entertainment is rising as entertainment and recreational activities are taking a center stage in the lifestyle of people. The rising income levels and standard of living are the major factors behind this. The use of automatic ticket checking and managing systems is growing in such events. Another factor enabling the growth of the market includes the growing number of smart cities which includes smart transportation. Thus, further bolstering the use of automatic ticket checking and managing systems. The only restraining factor the market faces is the data security threats as the automatic ticket-checking systems are going online. New opportunities are expected to arise as technological advancements in cloud technologies are happening.

The North American, Asia-Pacific, European, and Rest of the World regions make up the segments of the global market for automatic ticket checking and managing systems. Asia-Pacific is anticipated to dominate the market in terms of revenue. Japan is among the first countries in the world to adopt smart ticketing and has been a pioneer in introducing such new technologies into the market. Countries such as India and China are experiencing strong economic growth. These countries are also seeing rapid growth in population leading to an increase in the use of transportation. Thus, the growing number of passengers in these countries have to lead to a sharp rise in demand for automatic ticket checking and managing system in airports, railway stations, bus terminus, and others. For instance, In June 2020, Central Railway of India installed an automatic ticket checking and management access facility at Nagpur Railway Station in India. Asia-Pacific is seeing a rapid emergence of smart cities. Due to its rapid adoption of technology, North America is anticipated to hold the second-largest market share. 

Segment Covered

The report on the global automatic ticket checking and managing system market covers segments such as component, and application. On the basis of component, the sub-markets include software, and hardware. On the basis of application, the sub-markets include transportation, events, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Hitachi, Ltd., Scheidt & Bachmann GmbH, Bus Logic Ltd, SWARCO, Famoco, Nano Kernel Limited, BPC Group, Vix Technology, SC Soft Pte. Ltd., and NEC Corporation.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automatic ticket checking and managing system market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.