Smart Ticketing Market Outlook, Share, Opportunities and Forecast to 2030
The global smart ticketing market was valued at approximately USD 10.14 billion in 2022 and is forecasted to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030. The primary driver of this growth is the integration of emerging technologies into smart ticketing systems. Innovations such as contactless payments, virtual tickets (E-tickets), and smart cards allow for seamless and efficient ticketing, enhancing user experience and optimizing transit operations. Additionally, the availability of multiple modes of ticket purchase and distribution such as online ticketing, smartphones, E-kiosks, and smart ticketing machines promotes effective crowd management and enhances the appeal of smart ticketing over traditional paper-based methods. Shifting consumer preferences toward digital access to transportation services are significantly contributing to market growth. Digital ticketing offers advantages like reduced waiting times during peak hours, real-tim...