Automatic Ticket Machine Market Size & Share By Sales Revenue, Future Demands, Growth Factors and Emerging Trends Forecast to 2027, Fortune Business Insights

(The Express Wire via Comtex)

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. 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 Analysis, Share and Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment and 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 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers. 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.

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

  • Accurate computation of Automatic Ticket Machine Market figures;
  • Comprehensive analysis of the factors, trends, and restraints shaping the size, share, and growth of the Automatic Ticket Machine Market;
  • Careful study of market segments; and
  • Detailed examination of the regional dynamics and competitive milieu of the market.

Market Restraint

Failure of 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 travelling 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.

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Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of Automatic Ticket Machine Market Share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

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 augur 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 Automatic Ticket Machine Market in North America is set to experience a period of healthy growth on account of growing demand for smart ticketing systems from the rural areas of the US and Canada.

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Competitive Landscape

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.

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 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 and 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)

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Automatic Ticket Machine Market Size & Share By Sales Revenue, Future Demands, Growth Factors and Emerging Trends Forecast to 2027, Fortune Business Insights

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