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Pulished Date February, 2021
ID: 11163
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Global Mobile Ticketing Market Analysis - Segmentation By Type (Mobile Applications and SMS Ticketing), By Technology (2D Bar Code, OCR and NFC), By Application (Entertainment Tickets, Hotels Booking, Travel Tickets, and Others) and Region - Forecast of 2021-2026

Pulished: February, 2021
ID: 11163
Pages: 150

Global Mobile Ticketing Market Size & Growth

The global Mobile Ticketing Market was worth US$ xx million in 2020, and it is anticipated to reach a valuation of US$ xx million, increasing with a compound annual growth rate (CAGR) of xx% between 2021 and 2026.

The global Mobile Ticketing market is growing with the increasing demand for mobile tickets in the sports, entertainment and tourism industries.

Mobile ticketing is a process that allows to reserve tickets for any transportation, event or entertainment show through your mobile device, without using paper. Tickets are purchased through SMS messages and traditional methods such as apps and phones or provider websites. Mobile ticketing is preferred over paper ticketing because it reduces production and distribution costs and increases customer convenience. You can easily buy tickets with mobile ticketing. Mobile tickets can be obtained through secure mobile applications, text messages, voice calls, online pages and WAP. This increases the likelihood that consumers will spend on mobile ticketing applications for a variety of purposes, such as airline tickets, bus tickets, and movie tickets, increasing the potential revenue from mobile ticketing applications.

Recent Developments:

  • Israel launched its nationwide ticketing mobile app in 2020. This app is provided by Moovit and Pango as a mobility as a service. These companies have partnered to use public transportation.

Drivers

Mobile ticketing apps can be easily installed and operated from smartphone. Also, the widespread use of smartphones has had a profound impact on the growth of the global mobile ticketing market. This trend is likely to continue throughout the forecast years as it provides ease of use, details and up-to-date information, and eliminates the need to commute to the box office due to a busy lifestyle without queues. Additionally, the companies are expected to gradually work with the large ticket sellers to develop an online portal for customers to conveniently log in anytime, anywhere to book tickets online. These factors are expressly driving the global demand for mobile ticketing. Increased urbanization in developed and developing countries has complemented market growth. The adoption of Mobile Ticketing has increased because the itinerary of people who do not have time to physically travel to the ticket offices is constantly busy. Additionally, increasing urbanization has resulted in numerous companies offering online portals for booking tickets via the Internet in an effort to transform operations digitally. This, in turn, is supposed to accelerate the growth of the global Mobile Ticketing market during the foreseen period. Several companies have recognized the provision of online portals to book movie or hotel tickets over the Internet in order to digitally transform their operations. Due to their busy lifestyles, people do not have enough time to physically travel to specific locations to book tickets for planes, buses, trains, movies, or for other recreational or entertainment activities. Market demand for mobile tickets is estimated to increase over the anticipated years as customers' propensity to use technology to conveniently obtain, confirm and purchase tickets increases. Additionally, lower distribution and production costs compared to traditional paper ticketing channels will further accelerate market growth over the expected period. With the increase in internet penetration, the adoption of smartphones has increased around the world.

Also, the presence of various smartphone manufacturers around the world has caused a significant drop in smartphone prices in the recent past. Consequently, consumers have switched from feature phones to smartphones. Mobile ticketing applications can be easily installed and operated from a smartphone, enhancing the ticket buying experience. The mobile ticketing application uses online transactions through the user's respective connected bank. This allows users to pay without charging at a bank or ATM. This payment method is rapidly gaining attention and is supported by the governments of several countries to support a cashless economy. Therefore, promoting the ticketing app is expected to provide significant business opportunities for ticket sellers during the forecast period. Sports and concert organizers can use mobile ticketing apps to provide convenient and sophisticated ticket reservations to increase revenue from ticket sales. This organizer can provide a profitable offer to consumers when booking tickets, where they can book tickets anywhere. It also reduces the time required for reservations, paperwork and human errors and improves accessibility. Therefore, the adoption of mobile ticketing applications is likely to create significant growth opportunities in the near future.

Restraints

Mobile ticketing systems require a smooth and uninterrupted internet connection to complete the entire reservation process. However, in many regions, especially emerging economies, Internet connectivity is relatively poor or non-existent in some areas. Because of this, ticket sellers in the region do not have access to a significant consumer base, which is supposed to limit the global mobile ticketing market during the outlook period. High upfront costs can limit the development of the market. In addition, the number of cashless transactions has increased. Another major factor hampering market growth is the low perception of the benefits of ticketing apps among the public. Additionally, the process of registering and providing personal information to reserve tickets is complex and time-consuming. This, in turn, is foreseen to challenge the global mobile ticketing market during the conjecture period.

Market Segments

  • By type, the market is segmented into mobile ticketing and SMS ticketing applications.
  • On the basis of technology, the Mobile Ticketing market is segmented into 2D barcode technology, Optical Character Recognition (OCR) and NFC.
  • Based on the application, the Mobile Ticketing market is segmented into entertainment tickets, hotel reservations, travel tickets, etc. Tourism, on the rise globally, is a major contributor to the global mobile ticket market.

Impact of COVID-19 on the Mobile Ticketing Market

The coronavirus pandemic has disrupted operations in almost industries, including entertainment, tourism and travelling. The impact of the outbreak on the tourism and entertainment sector has caused a decline in market demand. The industry faces many problems mainly due to closures of movie theatres and transportation restrictions. Social distancing and home maintenance orders further worsened the situation, negatively impacting the mobile ticketing market.

Regional Analysis

North America led the global mobile ticketing market share in 2020. The widespread use of mobile end-user ticketing applications to book entertainment tickets such as movies and concerts, book flights and other transportation facilities, it is a major factor driving the growth of mobile ticketing applications in this area. The South Asia and Pacific markets are foreseen to post the highest growth rates during the projection period. Asian countries have witnessed rapid urbanization and high spending on public transport systems in recent years, resulting in an increasing number of consumers looking to use mobile ticketing applications for travel and entertainment.

Leading Companies

Major players participating in the global mobile ticketing market include Rapidsoft Systems, Inc., Digital Management, Inc., AEP Ticketing Solutions Srl, Moovel Group GmbH, Masabi Ltd, Scheidt & Bachmann GmbH, Gemalto NV, inmodo AB, ShowClix Inc. and Margento BV.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Mobile Ticketing Market, By Type                     

                                6.1.1 Mobile Applications            

                                6.1.2 SMS Ticketing        

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Mobile Ticketing Market, By Application                        

                                6.2.1 Entertainment Tickets        

                                6.2.2 Hotels Booking      

                                6.2.3 Travel Tickets         

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Mobile Ticketing Market, By Technology                       

                                6.3.1 2D Bar Code           

                                6.3.2 OCR and NFC         

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                                7.2.4 By Technology       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                                7.3.4 By Technology       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                                7.4.4 By Technology       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                                7.5.4 By Technology       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

                                7.6.4 By Technology       

8. Key Player Analysis                                    

                8.1 Rapidsoft Systems, Inc                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Digital Management, Inc                      

                8.3 AEP Ticketing Solutions Srl                   

                8.4 Moovel Group GmbH                             

                8.5 Masabi Ltd                  

                8.6 Scheidt & Bachmann GmbH                

                8.7 Gemalto NV               

                8.8 inmodo AB                  

                8.9 ShowClix Inc                               

                8.10 Margento. BV                         

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type, Technology, Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Mobile Ticketing Market By Region, From 2021-2026 ( USD Billion )
  2. Global Mobile Ticketing Market By Type, From 2021-2026 ( USD Billion )
  3. Global Mobile Applications Market By Region, From 2021-2026 ( USD Billion )
  4. Global SMS Ticketing Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mobile Ticketing Market By Application, From 2021-2026 ( USD Billion )
  6. Global Entertainment Tickets Market By Region, From 2021-2026 ( USD Billion )
  7. Global Hotels Booking Market By Region, From 2021-2026 ( USD Billion )
  8. Global Travel Tickets Market By Region, From 2021-2026 ( USD Billion )
  9. Global Mobile Ticketing Market By Technology, From 2021-2026 ( USD Billion )
  10. Global 2D Bar Code Market By Region, From 2021-2026 ( USD Billion )
  11. Global OCR and NFC Market By Region, From 2021-2026 ( USD Billion )

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