The global automatic ticket machine market size stood at USD 2.36 billion in 2019 and is expected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period. The manufacturers are competing in the market based on factors such as machine innovation, delivery speed, reliability, and after-sales services. To gain a competitive advantage, prominent players are focusing more on machine innovation with the help of technological developments, including radio frequency identification (RFID), Zigbee technique, and near field communication (NFC) technology. These emerging technologies are stated to be the crucial components in the product offerings. They offer remote monitoring and proactive maintenance assistance that tracks the proper functioning and identify the problems of automated ticket machines.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Automatic Ticket Machine Market trends. The report is available for sale on the company website.
“Cubic Corporation to Focus on Providing Integrated Systems for Traffic and Transportation Management”
Cubic Corporation is focusing on providing integrated information-based solutions such as traffic management system technology to offer real-time ticketing experience to travelers. Moreover, the company provides intelligent travel solutions for commuters so that they can choose the easiest way to travel and pay for their journeys. It allows transportation authorities to manage demand for automated ticketing solutions across the entire transportation network in real-time.
“Prominent Players Are Opting for Mergers with Government Associations and Firms to Offer E-tickets to End-Users”
Prominent market players have adopted various strategies, including partnerships with governmental bodies, advanced product launching, and investment in research and development to sustain in the intense market competition. Moreover, these players are following equipment-manufacturing standards to gain a competitive advantage in the market. For instance, in November 2018, On Track Innovations Ltd. partnered with Almex Transport for George Municipality Western Cape Government. The partnership aimed to implement ‘Go George Smart Card’ solutions in buses for the South Africa public transportation system.
“Tie-ups between Players and Government Bodies to Characterize Market Competition”
Competition in the market for automatic ticket vending machines is centered round the increasing number of collaborations among key players and government authorities. These tie-ups are enabling market players to strengthen their position, while governments are leveraging private sector capabilities to make transport systems more efficient.
May 2019: US-based Rambus and the German semiconductor specialist, Infineon Technologies, partnered with each other to develop and promote smart ticketing solutions based on mobiles and smart cards to enhance the potential of mobility services. The companies will unify their expertise on the smart card and mobile ticketing standard, CIPURSE™, to provide wide choice of ticketing solutions to end-users.
April 2019: The American transportation company, Cubic Corporation, was awarded a contract worth USD 4 million by Ireland’s National Transport Authority (NTA) for the delivery of a mobile ticketing solution for the country. The system provided by Cubic is low-risk and scalable and designed with the capability of allowing customers to purchase tickets from multiple public transport operators.
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List of Companies Profiled in the Automatic Ticket Machine Market Report:
- SBB (Bern, Switzerland)
- HID Global Corporation/ASSA ABLOY AB (California, U.S.)
- Almex Transport (Durban, South Africa)
- Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
- Infineon Technologies AG (Neubiberg, Germany)
- Xerox Corporation (Connecticut, U.S.)
- Diebold Nixdorf, Incorporated (Ohio, U.S.)
- Cubic Corporation (California, U.S.)
- Gemalto NV (Amsterdam, Netherlands)
- NXP Semiconductors (Eindhoven, Netherlands)
- CPI Card Group Inc. (Colorado, U.S.)
- Parkeon (Paris, France)
Regional Analysis for Automatic Ticket Machine Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Automatic Ticket Machine Market:
- Executive Summary
- Market Dynamics
- Key Automatic Ticket Machine Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2027
- North America Market Analysis, Insights and Forecast, 2015-2027
- Europe Market Analysis, Insights and Forecast, 2015-2027
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
- Latin America Market Analysis, Insights and Forecast, 2015-2027
- Competitive Landscape
- Global Automatic Ticket Machine Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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