Mobile Ticketing is the process by which we can book tickets for any transportation or any event or entertainment show via mobile devices without using any paper at all. Mobile ticketing is preferred over the paper based ticketing as mobile ticketing reduces production, distribution costs and increases the customer convenience. Mobile ticketing enables simple purchasing of tickets.
The study indicates that the rising penetration of smartphones is one of the factor driving the Mobile Ticketing Market. Apart from it the demands of instant ticket booking, digitization and emergence of latest technologies is driving the mobile ticketing market. The study indicates that mobile ticketing has many advantages as reduced paperwork time, reduced chance of errors and immediate accessibility of information. It has been observed that these benefits of mobile ticketing are boosting the mobile ticketing market. The study indicates that the mobile ticketing market has a few restraints one of the major restraint is lack of awareness. The study reveals that proper internet connectivity is also one the challenge faced by the mobile ticketing market. Moreover the prevailing security concerns regarding mobile payment is also a challenge faced by the mobile ticketing market. The mobile ticketing market is segmented on the basis of type, technology and applications.
The Global Mobile Ticketing Market is expected to grow at USD ~4026 Million by 2022, at ~19% of CAGR between 2016 and 2022.
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The prominent players in the Mobile Ticketing market are Zendesk (U.S.), Masabi (UK), Helpshift (U.S.), Proxama (UK), ticketscript (Netherlands), Airtag (France), Ace Ticket Worldwide (U.S.), Alliance Tickets (U.S.), Coast to Coast Tickets (U.S.), RazorGator (U.S.), StubHub (U.S.) among others
Mobile Ticketing Market Segmentation
The Mobile Ticketing market has been segmented on the basis of type, technology and application. Looking through the type segment it’s been observed that mobile applications are expected to dominate the mobile ticketing market by the forecast period, due to the increased penetration of smartphones. The technology segment consists of OCR (Optical character recognition), 2D Bar Code, NFC technology. The study indicates that the QR bar code technology hold a large market share whereas the NFC technology is expected to grow positively over the forecast period in the mobile ticketing market.
Market Research Analysis:
Regional analysis for Mobile Ticketing market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Mobile Ticketing market. It has been observed that North America region has high downloads of mobile ticketing apps and higher technology adoption which has resulted in the growth of Mobile Ticketing market. The study reveals that Europe also accounts second biggest market share in the mobile ticketing market. The study reveals that Asia-Pacific region is expected to have a significant growth in Mobile Ticketing market by the forecast period. The increased number of smartphone users in the Asia- Pacific region are expected to give a boost to Mobile Ticketing market by the forecast period.
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- Technology investors
- Mobile Ticketing service providers
- Internet service providers
- Mobile Ticketing platform providers
- Technology providers
- Research/Consultancy firms
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