DUBLIN, June 22, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Mobile Ticketing Market 2016-2020" report to their offering.
The global mobile ticketing market to grow at a CAGR of 20.09% during the period 2016-2020.
Global Mobile Ticketing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Mobile ticketing is an initiative to enhance the role of mobile phones in ticketing services. The use of mobile phones will enable consumers to buy tickets and to carry tickets within the phone's secure universal integrated circuit card. This will work as an alternative to the traditional electronic card-based tickets and will provide additional functionality and convenience to end-users. Mobile ticketing will also provide more opportunities for service providers. For instance, ticketing agencies will be able to access new channels via the mobile handset to bring value-added services such as traveler guides to the market.
The increased adoption of mobile devices and the rising popularity of m-commerce are driving the growth of the mobile ticketing market. More customers are using tablets or smartphones to shop online. This trend will continue as mobile devices are becoming more user-friendly and feature-rich.
According to the report, ticketing in the transportation sector, especially metro and bus ticketing, is increasingly being driven by mobile phones. High frequency, low price, and high volume of metro and bus ticketing are some of the advantages of mobile payments. Metro ticketing is gaining traction through barcodes delivered via smartphone apps and SMS-based solutions, which are witnessing impressive user adoption in countries such as Sweden and Italy. The airline industry is also a strong supporter of mobile ticketing, with the adoption of mobile boarding passes increasing since the global implementation of barcoded boarding passes.
Further, the report states that privacy and security concerns over mobile ticketing solutions restricts the market growth.
Other prominent vendors
- Open Mobile Ticketing Alliance
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Assumptions
Part 04: Market research methodology
Part 05: Introduction
Part 06: Market landscape
Part 07: Market segmentation by technology
Part 08: Market segmentation by application
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Five forces analysis
Part 16: Vendor landscape
Part 17: Key vendor analysis
Part 18: Other prominent vendors
Part 19: Appendix
For more information visit http://www.researchandmarkets.com/research/2mnrl2/global_mobile
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SOURCE Research and Markets