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 a 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.
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.
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.
List of Companies Profiled in the Automatic Ticket Machine Market Report:
• Parkeon (Paris, France)
• Xerox Corporation (Connecticut, U.S.)
• CPI Card Group Inc. (Colorado, U.S.)
• Infineon Technologies AG (Neubiberg, Germany)
• NXP Semiconductors (Eindhoven, Netherlands)
• Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
• Gemalto NV (Amsterdam, Netherlands)
• Almex Transport (Durban, South Africa)
• Cubic Corporation (California, U.S.)
• HID Global Corporation/ASSA ABLOY AB (California, U.S.)
• Diebold Nixdorf Incorporated (Ohio, U.S.)
• SBB (Bern, Switzerland)
For More Information, Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automatic-ticket-machine-market-102981
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