Mobile Ticketing in the Transportation Sector Market Size, Share, Trends, Analysis and Forecasts To 2021

Market Research analysts forecast the global mobile ticketing market in the transportation sector to grow at a CAGR of 16.71% during the period 2017-2021.

The following companies as the key players in the global mobile ticketing market in the transportation sector: Corethree, Gemalto, Masabi, and moovel.

Other Prominent Vendors in the market are: Bizzabo, eos.uptrade, Margento, Open Mobile Ticketing Alliance, StubHub, and TickPick.

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Commenting on the report, an analyst from Report’s team said: “One trend in market is emergence of mobile wallets. The increased adoption of mobile devices and the rising popularity of m-commerce are driving the growth of the mobile ticketing market in transportation sector. More customers are using tablets or smartphones to shop online. This trend will continue as mobile devices are becoming more user-friendly and feature-rich. Retailers have invested in developing smartphone applications to tap into the m-commerce market. Smartphones are increasingly being used for web surfing, making reservations, online payments, and online shopping. This has created the necessity for e-commerce solutions that integrate mobile devices with other sales channels.

According to the report, one driver in market is availability of multimodal ticketing platforms. With the increasing mobility, multimodal transport platforms are growing, and passengers are expecting more convenient ticketing options. Airlines have already incorporated mobile boarding passes and used mobile ticketing including NFC-enabled ticketing services on smartphones. Bus and railways operators have also started to familiarize with NFC-enabled mobile ticketing services and digital multimodal mobility assistant (DMMA). The major trigger for this trend is the acceptance of smartphones with NFC-embedded chips. By 2018, we expect a rapid rise of NFC mobile ticketing applications, which will replace paper-based tickets and contactless card solutions. Operators, who have already implemented contactless card platform such as smart city cards are migrating toward mobile ticketing services that enable passengers to book and validate tickets quickly. The major benefits for customers are reduced queuing time, access to adjacent service, and richer travel experience. DMMAs are all inclusive intermodal platforms that function on mobile ticketing. These systems are representing the over-system for mobile ticketing services among transport operators.

Further, the report states that one challenge in market is privacy and security concerns over mobile ticketing solutions. Data privacy and security risks hinder the adoption of mobile ticketing solutions. Data collected through connected devices need to be stored on a secured database and storage systems to protect the data from cyber attacks. Data security concerns remain a major challenge for organizations due to the presence of many connected devices and the use of private and public networks, as critical data require highly secured environment for transferring over the network. Also, this network involves many connected devices and may lead to interoperability issues. At times, these issues can result in a lack of security, causing operational and financial problems for an organization. Therefore, manufacturers and vendors offering mobile ticketing solutions should ensure optimum levels of data privacy and security measures such as two-factor authentication systems. In addition, they need to adhere to the transportation regulations and compliance while manufacturing and delivering mobile ticketing devices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Mobile Ticketing Market in the Transportation Sector

Mobile ticketing is an initiative to enhance the role of mobile phones in ticketing services. The use of mobile phones enables consumers to buy tickets and carry the tickets within the phone’s secure universal integrated circuit card. This works as an alternative to the traditional electronic card-based tickets and provides additional functionality and convenience to end-users. Mobile ticketing apps provide varied options to service providers, as ticketing agencies are able to bring value-added services such as traveler guides to the market.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global mobile ticketing market in the transportation sector for 2017-2021. To calculate the market size, the report considers the revenue generated from transportation (airline, railway, and public transit) applications of mobile ticketing provided by vendors.

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Mobile Ticketing Market in the Transportation Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Corethree
Gemalto
Masabi
Moovel

Other prominent vendors 
Bizzabo
eos.uptrade
Margento
Open Mobile Ticketing Alliance
StubHub
TickPick

Market driver 
Increased spending on entertainment services due to rise in disposable income.
For a full, detailed list, view our report 

Market challenge 
Lack of standardization and performance inconsistency.
For a full, detailed list, view our report 

Market trend 
Increasing adoption of biometrics and wearable technology.
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/507600/global-mobile-ticketing-market-in-the-transportation-sector-2017-2021