Business

Global Mobile Ticketing Devices Market to Register Stellar Compound Annual Growth Rate Through 2025

Press Release

Mobile Ticketing Devices: Competitive Landscape

The key players in the market are Ticketer, AutoMate Systems, Softland India Ltd., Realtech Infosys, NGX Technologies Pvt. Ltd., Scheidt & Bachmann GmbH, Clancor Technovates India Private Limited, Zebra Technologies Corporation, Synergic Softek Solutions Pvt. Ltd., Metric Group Ltd., and Micro FX.

With the rise of mobility as a service, the market of mobile ticketing devices has reached great heights. Earlier, the only means of generating tickets were pen and paper. With the evolution of technology, stationary ticketing devices came into existence through which people could enter details and generate tickets. With the upsurge of mobility as a service, resulted into the evolution of mobile ticketing devices. These devices are handheld, which can be carried anywhere and tickets could be generated anytime. These devices are used in many applications like traveling, amusement tickets, and others.

The rising penetration of mobile ticketing devices across different areas such as amusement park, traveling and tourism and entertainment is the key trend in the market. Also, the use of mobile ticketing devices and growing investment to develop innovative products due to increased sales and other benefits are trending in the market.

Mobile Ticketing Devices: Drivers and Restraints

Due to the paperless operations and reduction in labor cost, the market of mobile ticketing devices is increasing. With the help of these handheld devices, a lot of time is saved since very quickly the tickets can be generated which is also preferred by people since they do not have to wait in long queues. Also, the number of transactions been  increased which results in growing sales. Such factors are boosting the growth of mobile ticketing devices market.

The cost of setting up the devices is high which restrain the growth of mobile ticketing devices in the market. Due to the centralized operations, backing up of data becomes a complex task which results in lower the adoption of mobile ticketing devices in the market.

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Mobile Ticketing Devices: Segmentation

Segmentation based on application in Mobile Ticketing Device Market:

  • Entry Tickets
  • Travel Tickets
  • Entertainment Tickets
  • Parking Tickets
  • Toll Tickets
  • Billing
  • Others

Segmentation based on application in Mobile Ticketing Device Market:

  • Airports
  • Railways
  • Bus Stands
  • Malls
  • Movie theatre
  • Amusement Parks
  • Museums
  • Events