The mobile ticketing market in the transportation sector is expected to register a CAGR of over 11{d93457022679712214ff8a8035fa266341f9634f2c93d5e609b1bbb089e8c446} during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Mobile Ticketing Market in the Transportation Sector 2020-2024 (Graphic: Business Wire)
Download a Free Sample Report on the impact of COVID-19 pandemic analysis.” data-reactid=”27″>Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on mobile ticketing market in the transportation sector. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.
Information Technology Industry is anticipated to have Mixed impact. The mobile ticketing market in the transportation sector will showcase Positive impact during 2020-2024.” data-reactid=”28″>Due to the extensive spread of the virus across the globe, the Information Technology Industry is anticipated to have Mixed impact. The mobile ticketing market in the transportation sector will showcase Positive impact during 2020-2024.
Mobile Ticketing Market in the Transportation Sector is segmented as below:
- Technology
- NFCs
- QR Codes and Barcodes
- Others
- Geography
- Europe
- North America
- APAC
- South America
- MEA
Europe region will account for the highest incremental growth during the forecast period due to the emergence of NFC-based payment technology, the emergence of mobile wallets, and the growth of IoT in the transportation sector.
View market snapshot before purchasing” data-reactid=”35″>With the surging growth of COVID-19 pandemic, the Information Technology market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing
The emergence of NFC-based payment technology has been an instrumental factor in influencing the growth of mobile ticketing market in the transportation sector. Other market drivers include shift from smart cards to mobile ticketing and increased spending on entertainment services due to rise in disposable income. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. Major market participants include AEP Ticketing Solutions Srl, Corethree Ltd., eos.uptrade GmbH, Eventbrite Inc., Infineon Technologies AG, Margento BV, Masabi Ltd., moovel Group GmbH, TickPick LLC, and Viagogo AG.
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