Europe Smart Ticketing Market Size, Share & Global Insights 2022-2031
The Europe Smart Ticketing market was appreciated in 2023 at US $ 2,412.81 million and is expected to reach US $ 5,594.87 million in 2031; It is estimated that a CAGR of 11.1% of 2023 to 2031 registers.
The Internet of Things (IoT) integrates sensors (eg professional sensors), communication devices (eg Wi-Fi for passengers) and data analysis (eg route optimization algorithms) in vehicles and infrastructure to improve the efficiency of public transport, safety and convenience for both passengers and service providers. Ticketing systems with IoT-enableding simplify the rate collection by having passengers pay with contactless smart cards, mobile apps or wearables. These technologies offer operators important data on passenger flows and money collection. According to a report of May 2024, for example from Ignitec, cities such as London, Manchester and Birmingham are a revolution in public transport with IoT in the UK.
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They accept smart ticket systems, real -time tracking and environmental monitoring to improve the services. Cities are investigating ways to improve IoT applications in public transport using 5G technology. Moreover, IoT is integrated on a large scale into smart city projects worldwide. It is an essential part of applications such as traffic control, parking systems and waste management. Smart Ticketing is an integral part of the Smart City concept; The growing integration of IoT in these projects is therefore a supplement to the growth of the smart ticket market.
Market introduction
Europe experiences considerable growth in the smart ticket market. The Europe Smart ticketing market is segmented in the UK, Germany, France, Italy, Russia and the rest of Europe. Europe acts as a head office for prominent providers of smart ticketing solution, including Infineon Technologies, Gemalto, and Giesecke & Devrient GmbH, all located in Germany. These market leaders are expanding their footprint on the market by working together with smart ticket developers and operators to offer extensive payment solutions. The increase in demand for smart ticketing in Germany is attributed to the fast -growing tourism sector, the streamlined technology landscape and the pursuit of innovative ticket systems in urban environments.
List of companies that are profiled in the report of Smart Ticketing Markets of Europe are:
• Infineon Technologies AG.
• NXP Semiconductors NV.
• Xerox Holdings Corp.
• Cubic Corp.
• Idemia France Sas.
• Giesecke Devrient GmbH.
• Thales Sa.
• Confidex.
• HID Global Corp.
• Siemens Energy AG.
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Most important segmentation:
Implementation mode (cloud-based and on-premise),
The Europe Smart Ticketing market is subdivided into component, payment system, end user and country.
Based on component, the Europe Smart ticketing market is segmented in hardware, software and services. The hardware segment had the largest market share in 2023.
Due to the payment system, the Europe Smart ticketing market is segmented in open payment system, smart card and NFC. The smart card segment had the largest market share in 2023.
Based on the end user, the Europe Smart ticketing market is segmented in transport, sports and entertainment, parking and others. The transport segment had the largest market share in 2023.
The Europe Smart Ticketing market is segmented per country in the UK, Germany, France, Italy, Russia and the rest of Europe. The VK dominated the Europe Smart Ticketing Market share in 2023.
Table of contents
Based on material, the Europe Smart ticketing market is segmented in FRP/composites, metal/alloys and others. The metal/alloy segment had the largest share in the active network management market in 2023.
Based on size, the Europe Smart ticketing market is segmented in 75-120 feet, 121-250 feet and above 250 feet. The 121-250 feet segment had the largest share in the active network management market in 2023.
Based on the country, the Europe Smart ticketing market segmented in France, Germany, the UK, Italy, Russia and the rest of Europe. The rest of Europe dominated the share of the Active Network Management market in 2023.
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