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Opportunities in Automatic Ticket Machine Market Amidst COVID-19 Pandemic | Fortune Business Insight

  • Writer: Rahul Gadve
    Rahul Gadve
  • Sep 7, 2020
  • 5 min read

The increasing dependence of urban commuters on metros will create a new growth avenue for this market, observes Fortune Business Insights™ in its recent report, titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment, and Mobile Payment), By Application (Public Transport, Entertainment & Gaming, and Others), and Regional Forecast, 2020-2027”. According to the Belgium-based International Association of Public Transport (UITP), by the end of 2017, metro systems across 178 countries were carrying an average of 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers. The global automatic ticket machine market size is projected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period. The surging number of passengers in urban areas will necessitate efficient systems powered by modern technologies to ensure that the flow of commuters is managed smoothly with minimal disruptions. In this respect, automatic ticket machines (ATMs) provide the optimal solution as they eliminate the need for human monitoring and intervention, freeing up resources for more productive uses.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

As per the findings of the report, the value of the market stood at USD 2.36 billion in 2019. The other highlights of the report include:

  • -Accurate computation of market figures;

  • -Comprehensive analysis of the factors, trends, and restraints shaping the size, share, and growth of the market;

  • -A careful study of market segments; and

  • -Detailed examination of the regional dynamics and competitive milieu of the market.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Market Drivers

"Increased Popularity of Automatic Ticket Machines with Digital Payment Options is Upholding the Market Growth"

Prominent players are integrating ATMs with digital payment solutions to reduce heavy rush on ticket counters. They are also constantly incorporating digital payment options to gain real-time consumer data. The sudden rise in passengers traveling via airplane and railways across the globe have supported the increased popularity of automated tickets generated by smart cards while traveling. Moreover, countries including India, Hungary, South Africa, Malaysia, Indonesia, and others are witnessing high adoption of E-tickets generated via the digital mode of payment in the entertainment sector. This is owing to the introduction of touchscreen-based ticketing kiosks across the public transport sector, public access points, and the entertainment & gaming sector. This allows end-users to generate paper tickets or E-tickets.

Market Restraint

"Failure of the Operational Network is Causing Hindrance to the Market Growth"

The public transport sector is facing an issue of investing money on automatic ticket machines’ maintenance, owing to the huge number of daily traveling passengers and lack of security. Additionally, the problem of network connectivity impedes the installation of machines as they require a strong internet connection to perform multiple functions at a time. Furthermore, the sudden breakdown of automated ticket machine units challenges the infrastructure facilities across commercial stores, multi-specialty hubs, and the transport sector. Sudden breakdown refers to network connectivity failure and outage caused by improper usage. Thus, more investment is required to improve the network connectivity for uninterrupted utilization of automatic ticket machines.

Regional Insights

Growing Investments in Commercial Infrastructure to Fuel the Market in Asia-Pacific

Generation of USD 0.75 billion in revenue in 2019 has put Asia-Pacific in an advantageous position to dominate the automatic ticket machine market share during the forecast period. One of the chief reasons for the region’s commanding hold on the market is the steadily rising investment in commercial spaces in the developing countries of China and India. In addition, there is an increasing preference for public transport in the region, underpinned by accelerating urbanization in the region, both of which augurs well for the regional market.

In Europe, substantial growth is foreseen owing to the strong presence of ticket vending machines manufacturers in the European Union (EU) member-states. On the other hand, the market in North America is set to experience a period of healthy growth on account of the growing demand for smart ticketing systems from the rural areas of the US and Canada.

Competitive Landscape

Tie-ups between Players and Government Bodies to Characterize Market Competition

Competition in the market for automatic ticket vending machines is centered around 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.

Industry Developments:

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 a 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.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/automatic-ticket-machine-market-102981

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)

TOC Continued..!!

Other Exclusive Reports:

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact: Name: Ashwin Arora Email: sales@fortunebusinessinsights.com Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

 
 
 

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