Product Code: ETC4424965 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India smart ticketing market import shipment experienced a negative CAGR from 2020 to 2024. The growth rate between 2023 and 2024 further decreased, indicating a significant slowdown in market expansion. The trend suggests a period of contraction and decreased momentum in recent years.
The smart ticketing market in India is changing the way people access transportation services. This market includes digital ticketing solutions for public transport, events, and various other services. Smart ticketing systems leverage technology like NFC and mobile apps to provide seamless ticketing experiences, reducing queues and enhancing convenience. In a country with a growing urban population, efficient and smart ticketing solutions are crucial for easing urban mobility.
The smart ticketing market in India is growing as transportation systems seek to enhance efficiency and improve the customer experience. Smart ticketing solutions, such as contactless payment options and digital tickets, are becoming more prevalent in public transport systems. The convenience and security offered by these systems are key drivers behind their adoption.
The India IIoT Platform market faces challenges in terms of industrial data integration and security. Ensuring that legacy systems can be integrated into IIoT platforms is complex. Addressing cybersecurity concerns in industrial settings is a significant challenge. Additionally, data privacy and regulatory compliance issues need to be managed effectively.
The India Smart Ticketing Market has been significantly affected by the COVID-19 pandemic. The restrictions on travel and public gatherings have led to reduced demand for ticketing solutions in the short term. However, the crisis has highlighted the importance of contactless ticketing and the need for advanced ticketing systems that can accommodate social distancing measures. As travel and entertainment activities gradually resume, there is a growing focus on smart ticketing solutions that enhance customer safety and convenience. The market is expected to rebound as the pandemic subsides.
The smart ticketing market in India is witnessing substantial growth with the modernization of public transportation systems and the increasing adoption of digital payment solutions. Key players in this sector include government-backed initiatives like the National Common Mobility Card (NCMC), which aims to integrate various modes of public transport through a unified smart card system. Additionally, private players such as Paytm, PhonePe, and Ridlr are contributing to the smart ticketing ecosystem by providing mobile-based ticketing solutions and integrating with different transportation networks, facilitating seamless and cashless travel experiences for commuters.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Smart Ticketing Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Smart Ticketing Market Revenues & Volume, 2021 & 2031F |
3.3 India Smart Ticketing Market - Industry Life Cycle |
3.4 India Smart Ticketing Market - Porter's Five Forces |
3.5 India Smart Ticketing Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Smart Ticketing Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 India Smart Ticketing Market Revenues & Volume Share, By Organization size, 2021 & 2031F |
4 India Smart Ticketing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth leading to higher demand for efficient transport systems. |
4.2.2 Government initiatives promoting digitalization and smart city development. |
4.2.3 Growing adoption of smartphones and internet connectivity enhancing accessibility to smart ticketing solutions. |
4.3 Market Restraints |
4.3.1 Limited digital infrastructure and connectivity in certain regions hindering widespread adoption. |
4.3.2 Resistance from traditional ticketing systems and lack of awareness among certain segments of the population. |
4.3.3 Security and privacy concerns regarding the use of digital ticketing systems. |
5 India Smart Ticketing Market Trends |
6 India Smart Ticketing Market, By Types |
6.1 India Smart Ticketing Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Smart Ticketing Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India Smart Ticketing Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 India Smart Ticketing Market Revenues & Volume, By Software, 2021-2031F |
6.1.5 India Smart Ticketing Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Smart Ticketing Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Smart Ticketing Market Revenues & Volume, By Parking and Transportation, 2021-2031F |
6.2.3 India Smart Ticketing Market Revenues & Volume, By Sports and Entertainment, 2021-2031F |
6.3 India Smart Ticketing Market, By Organization size |
6.3.1 Overview and Analysis |
6.3.2 India Smart Ticketing Market Revenues & Volume, By SMEs, 2021-2031F |
6.3.3 India Smart Ticketing Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 India Smart Ticketing Market Import-Export Trade Statistics |
7.1 India Smart Ticketing Market Export to Major Countries |
7.2 India Smart Ticketing Market Imports from Major Countries |
8 India Smart Ticketing Market Key Performance Indicators |
8.1 Average transaction time for purchasing smart tickets. |
8.2 Percentage increase in mobile app downloads for smart ticketing platforms. |
8.3 Number of new partnerships with transportation service providers for smart ticketing solutions. |
8.4 Percentage of total transactions conducted through smart ticketing systems. |
8.5 Customer satisfaction ratings for smart ticketing user experience. |
9 India Smart Ticketing Market - Opportunity Assessment |
9.1 India Smart Ticketing Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Smart Ticketing Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 India Smart Ticketing Market Opportunity Assessment, By Organization size, 2021 & 2031F |
10 India Smart Ticketing Market - Competitive Landscape |
10.1 India Smart Ticketing Market Revenue Share, By Companies, 2024 |
10.2 India Smart Ticketing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |