Smart Ticketing Market is estimated to reach USD 41.1 Bn by 2030
Description According to the Market Statsville Group (MSG), the global smart ticketing market size was USD 13.8 billion in 2021 and is estimated to reach USD 41.1 billion by 2030 , growing at a CAGR of 12.9% during the forecast period (2022-2030). Smart tickets, a substitute to traditional paper-based ticketing, gained traction in recent times, owing to the emphasis on digitizing ticketing processes. Smart tickets can save a traveler time by eliminating the need to stand in line to purchase a ticket. Further, technology-wise, the companies in the market are increasingly involving the use of smartphones for smart ticketing purposes. For instance, in August 2019, Hitachi Rail, a prominent transportation company, announced the testing of smart ticketing technology. The technology involves sensors on trains that detect an app on passengers’ smartphones at the time of boarding. This technology eliminates the need for a paper ticket, bank...