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.
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