Categories
All News Coronavirus News

Mobile Ticketing Market To Exceed US$ 1.2 Bn By 2020 to 2030

As per the findings of a new market research report by Persistence Market Research, worldwide revenue of the mobile ticketing market reached US$ 1.2 Bn in 2019, and is anticipated to exhibit an impressive CAGR of 17% during the forecast period (2020 to 2030). Adoption of mobile ticketing systems and apps to drive ticket sales, reduce reliance on printed paper and plastic tickets, and to encourage digitization and cashless payments are all aiding the growth of the mobile ticketing market. The transportation and event sectors will lead the way in terms of sales through 2030, thereby pushing the growth of the global mobile ticketing market in a big way.

Key Takeaways from Mobile Ticketing Market Study

  • Among the types, the entertainment segment is expected to witness high growth due to increasing free mobile apps and websites provided by service providers that allow viewers to book their preferable seats.
  • The number of smartphone users as well as increasing use of mobile ticketing apps in the transport sector are driving market growth.
  • The COVID-19 pandemic has led to restrictions on transportation and entertainment activities across the world, which will hurt market growth in the near term.
  • Among the regions, North America held the highest share of around 27% in terms of market value in the global mobile ticketing market in 2019. The market in the South Asia & Pacific region is exhibiting a high growth rate, owing to the high adoption of popular event/movie booking applications among the urban population across the region.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12454

“The demand for online payment options is rapidly gaining popularity, and is encouraging the governments of various countries to promote cashless economies, which is in line with the global digitalization trend. This demand is creating lucrative opportunities for the mobile ticketing market,” says a PMR analyst.

Rising Urban Population Driving Market Growth

Mobile ticketing is an integrating mobile ticketing platform for the emerging mobile ticket market. The urban population owning smartphones is twice size of the rural population, and also the number of mobile ticketing apps used by them is high as compared to the rural population. Increasing urbanization is fueling the demand for mobile ticketing applications with various features.

Mobile Ticketing Market – Competition Landscape

The report also profiles some of the leading companies operating in the global mobile ticketing market, such as

  • Masabi Ltd
  • Gemalto N.V.
  • inmodo AB
  • Margento B.V.
  • ShowClix LLC
  • Rapidsoft Systems, Inc
  • Digital Management, Inc.
  • Scheidt & Bachmann GmbH
  • Moovel Group
  • AEP Ticketing Types Srl 

For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/12454

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

Categories
All News Coronavirus News

Increase in Sales of Mobile Ticketing Market to Scale Revenue Growth in the Global Market

Rising proliferation of smartphones and other multimedia devices has incidentally relieved the world from ticketing hurdles. Lack of management, improper registration and booking delays will no longer be observed as challenges in the years to come. Worldwide acceptance of mobile ticketing services will ensure that travelling to places will become more hassle-free than before. Persistence Market Research’s latest publication delivers key insights on the future of mobile ticketing. According to the forecast report, the global market for mobile ticketing is expected to grow robustly, bringing in an estimated US$ 3,177.3 Mn in revenues by the end of 2024.

In the long run, the global demand for mobile ticketing is likely to gain traction across several applications. The report, titled “Mobile Ticketing Market: Global Industry Analysis and Forecast, 2016-2024,” estimates the US$ 677 Mn global market for mobile ticketing to grow at a stellar 21.3% CAGR towards the end of 2024. During this forecast period, the demand for mobile ticketing is expected to witness an upsurge across entertainment ticketing applications. In 2017 and beyond, seats for concerts, plays, and even movies, will be booked or ticketed through mobile ticketing services. Nevertheless, travel ticketing will remain the largest application of mobile ticketing in the world, procuring a little over 50% share on global revenues towards the end of 2024.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12454

Global Demand for SMS Mobile Ticketing to Witness a Downtrend

A major proportion of global mobile ticketing revenues comes from adoption of mobile ticketing applications for smartphones. Initially and even today, mobile ticketing services were facilitated through messaging services. However, limitations in SMS mobile ticketing have led to their decline in terms of global demand. Between 2016 and 2024, the global revenue share of SMS mobile ticketing is anticipated to drop with a loss of -386 BPS. People will remain more inclined towards mobile ticketing apps that offer a wide range of features and are developed with a focus on user-friendly applications. In the due course of forecast period, mobile ticketing applications are expected to bring in more than US$ 2,000 Mn in global revenues.

For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/12454

  • Masabi Ltd
  • Gemalto N.V.
  • inmodo AB
  • Margento B.V.
  • ShowClix LLC
  • Rapidsoft Systems, Inc
  • Digital Management, Inc.
  • Scheidt & Bachmann GmbH
  • moovel Group GmbH
  • AEP Ticketing Solutions Srl
  • Others.

are companies observed as leaders in the global market for mobile ticketing. The report has also classified the global mobile ticketing market’s growth on the basis of several key regions in the world. The global mobile ticketing market is predicted to be witness higher contribution by regions – North America, Europe and Asia-Pacific. North America is presently dominating the market with more than one-third share in global revenues. But, towards the end of 2024, the region will lose out its dominance and Europe will emerge as the largest market for mobile ticketing in the world. The Asia-Pacific mobile ticketing market, on the other hand, will showcase fastest revenue growth at a CAGR of 25.1%.

For Related Links @ https://www.persistencemarketresearch.com/category/ict.asp

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

`

Categories
All News Coronavirus News

Increase in Sales of Mobile Ticketing Market to Scale Revenue Growth in the Global Market

Rising proliferation of smartphones and other multimedia devices has incidentally relieved the world from ticketing hurdles. Lack of management, improper registration and booking delays will no longer be observed as challenges in the years to come. Worldwide acceptance of mobile ticketing services will ensure that travelling to places will become more hassle-free than before. Persistence Market Research’s latest publication delivers key insights on the future of mobile ticketing. According to the forecast report, the global market for mobile ticketing is expected to grow robustly, bringing in an estimated US$ 3,177.3 Mn in revenues by the end of 2024.

In the long run, the global demand for mobile ticketing is likely to gain traction across several applications. The report, titled “Mobile Ticketing Market: Global Industry Analysis and Forecast, 2016-2024,” estimates the US$ 677 Mn global market for mobile ticketing to grow at a stellar 21.3% CAGR towards the end of 2024. During this forecast period, the demand for mobile ticketing is expected to witness an upsurge across entertainment ticketing applications. In 2017 and beyond, seats for concerts, plays, and even movies, will be booked or ticketed through mobile ticketing services. Nevertheless, travel ticketing will remain the largest application of mobile ticketing in the world, procuring a little over 50% share on global revenues towards the end of 2024.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12454

Global Demand for SMS Mobile Ticketing to Witness a Downtrend

A major proportion of global mobile ticketing revenues comes from adoption of mobile ticketing applications for smartphones. Initially and even today, mobile ticketing services were facilitated through messaging services. However, limitations in SMS mobile ticketing have led to their decline in terms of global demand. Between 2016 and 2024, the global revenue share of SMS mobile ticketing is anticipated to drop with a loss of -386 BPS. People will remain more inclined towards mobile ticketing apps that offer a wide range of features and are developed with a focus on user-friendly applications. In the due course of forecast period, mobile ticketing applications are expected to bring in more than US$ 2,000 Mn in global revenues.

For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/12454

  • Masabi Ltd
  • Gemalto N.V.
  • inmodo AB
  • Margento B.V.
  • ShowClix LLC
  • Rapidsoft Systems, Inc
  • Digital Management, Inc.
  • Scheidt & Bachmann GmbH
  • moovel Group GmbH
  • AEP Ticketing Solutions Srl
  • Others.

are companies observed as leaders in the global market for mobile ticketing. The report has also classified the global mobile ticketing market’s growth on the basis of several key regions in the world. The global mobile ticketing market is predicted to be witness higher contribution by regions – North America, Europe and Asia-Pacific. North America is presently dominating the market with more than one-third share in global revenues. But, towards the end of 2024, the region will lose out its dominance and Europe will emerge as the largest market for mobile ticketing in the world. The Asia-Pacific mobile ticketing market, on the other hand, will showcase fastest revenue growth at a CAGR of 25.1%.

For Related Links @ https://www.persistencemarketresearch.com/category/ict.asp

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com