Market Highlights
Mobile Ticketing is defined as a process by which one can book tickets for any transportation/event/entertainment show via mobile devices without using any paper at all. Market Research Future (MRFR) has published a research report about the global mobile ticketing market that presages advancement for this market at 19% CAGR (Compound Annual Growth Rate) between 2016 and 2022. By value, the market has been figured to be worth the US $ 4026 mn by the end of the forecast period.
Analyzing the market structure, this report weighs the future growth potential of the market. It assesses the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.
The big factor aiding the mobile ticketing market growth is a range of its advantages. Such advantages include increased customer convenience, reduced production costs, and reduced distribution costs. Other factors contributing to the market growth include rising market penetration of smartphones, demands of instant ticket booking, digitization, and the emergence of the latest technologies. Mobile ticketing is also reducing paperwork time and errors, along with providing immediate information accessibility. However, lack of awareness, poor internet connectivity, prevailing security concerns regarding mobile payment can hinder the market growth.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2577
Segmentation:
The global mobile ticketing market has been segmented on the basis of application, technology, type, and lastly, region. The application-based segmentation segments this market into entertainment tickets, travel tickets, and others. Based on technology, the market has been segmented into 2D bar code, optical character recognition (OCR), and near field communication (NFC) technology. The 2D bar code has been sub-segmented into PDF 417 and QR code. By type, the market has been segmented into mobile applications and SMS ticketing.
The regional segmentation of the global mobile ticketing market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). During the forecast period, North America is expected to dominate the global market due to the high penetration of mobile ticketing applications in this region. Many key market players are in this region. The most important country-specific markets in this region are Canada and the USA.
Europe is a significant regional market due to early adoption of mobile ticketing. Some key players of the global market are based in Europe too. The primary country-specific markets in this region are France, Germany, and the UK, followed by the remaining countries of Europe.
During the forecast period, the Asia Pacific regional market is expected to grow significantly due to factors such as the introduction of NFC and increasing advancements in mobility. China, India, and Japan are the vibrant economies of this region that can progress as lucrative markets in the near future.
The RoW segment comprises of the countries in the Middle East & Africa (MEA). In the MEA region, the market is small due to poor countries, lack of education, lack of awareness, lack of skilled labor, and lack of technological advancement.
Key Players
The key players in the global mobile ticketing market include Ace Ticket Worldwide (USA), Alliance Tickets (USA), Airtag (France), Coast to Coast Tickets (USA), Helpshift (USA), Masabi (UK), Proxama (UK), RazorGator (USA), StubHub (USA), Ticketscript (Netherlands), and Zendesk (USA).
Latest Industry News
Lake County Transit is offering a new service that would allow riders to purchase fares via a mobile phone app. Not only this service will give customers, a cashless fare payment choice; it will also allow riders to purchase and activate LakeXpress passes before boarding with their smartphones. 6 MAR 2019
The Loop Trolley Company’s mobile ticketing app is now live at the app store for Apple’s iOS. 6 MAR 2019
Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-ticketing-market-2577
Mobile Ticketing Market, By Type (SMS Ticketing, Mobile Applications), By Technology (OCR, 2D Bar Code, NFC), By Application (Travel Tickets, Entertainment Tickets) - Forecast 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
