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Home > Electronics & Electrical > Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh
Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

Overview of Report Findings:

1. Market Growth: The smart ticketing market share is expected to reach US$ 16.51 billion by 2031 from US$ 6.85 billion in 2023, at a CAGR of 11.6% during the forecast period.

2. Digital Payments in Public Transport: A centralized method is necessary to combine all transportation networks. In this direction, the public transport infrastructure across the world is being upgraded. The upgrades also aim at improving the commuter experience via a seamless payment interface. For instance, in May 2023, Conduent Transportation announced that its subsidiary, a partnership between Conduent and Convergint, has been chosen by the State of Victoria (Australia) to provide the next generation of the state's public transport ticketing system, known as myki.

Identify The Key Trends Affecting This Market – Download Sample PDF: https://www.theinsightpartners.com/sample/TIPRE00003454/

Smart Ticketing Market
Electronics & Electrical
Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

The process of electronically storing a travel ticket on a microchip—which is typically put on a smartcard—is known as smart ticketing. Using an ITSO smartcard would eliminate the need for traditional payment methods through cash and receiving paper tickets, thereby enabling users of public transportation to board and exit buses, trams, or trains with ease.

Smart Ticketing Smart Ticketing Market Smart Ticketing Market Size
Electronics & Electrical
Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

Smart Ticketing Market Size Worth $16.51 Billion, Globally, by 2031 – Exclusive Report by The Insigh

The process of electronically storing a travel ticket on a microchip—which is typically put on a smartcard—is known as smart ticketing. Using an ITSO smartcard would eliminate the need for traditional payment methods through cash and receiving paper tickets, thereby enabling users of public transportation to board and exit buses, trams, or trains with ease.

Smart Ticketing Smart Ticketing Market Smart Ticketing Industry
Electronics & Electrical

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