Mobile Ticketing Market

Global Mobile Ticketing Market Size (2024 to 2029)

The global mobile ticketing market is predicted to reach USD 2.64 billion in 2024 and USD 5.96 billion by 2029, growing at a CAGR of 17.70% during the forecast period.

The global Mobile Ticketing market is growing with the increasing demand for mobile sports, entertainment, and tourism tickets. Mobile ticketing is a process that allows you 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.

Global Mobile Ticketing Market Drivers:

Mobile ticketing apps can be easily installed and operated from a smartphone. Also, the widespread use of smartphones has profoundly impacted the growth of the global mobile ticketing market. This trend will continue throughout the forecast years as it provides ease of use, details, and up-to-date information. It eliminates commuting 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 log in anytime, anywhere, to book tickets online conveniently. 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 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 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 to transform their operations digitally. 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 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, allowing them to book tickets anywhere. It also reduces the time required for reservations, paperwork, and human errors and improves accessibility. Therefore, adopting mobile ticketing applications will likely create significant growth opportunities soon.

Global Mobile Ticketing Market 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 public perception of the benefits of ticketing apps. 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.

Impact of COVID-19 on the global mobile ticketing market:

The coronavirus pandemic has disrupted operations in almost all industries, including entertainment, tourism, and traveling. 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 the closures of movie theatres and transportation restrictions. Social distancing and home maintenance orders further worsened the situation, negatively impacting the mobile ticketing market.

REPORT COVERAGE:

This research report on the global mobile ticketing market has been segmented and sub-segmented based on the type, technology, application, and region.

Global Mobile Ticketing Market - By Type:

• Mobile Applications

• SMS Ticketing

Global Mobile Ticketing Market - By Technology:

• 2D Bar Code           

• OCR and NFC         

The Mobile Ticketing market is segmented into 2D barcode technology, Optical Character Recognition (OCR), and NFC.

Global Mobile Ticketing Market – By Application:

• Entertainment Tickets        

• Hotels Booking      

• Travel Tickets        

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.

Global Mobile Ticketing Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

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 is a significant factor boosting 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.

KEY MARKET PARTICIPANTS:

The key companies operating 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, Edmodo AB, ShowClix Inc., and Magento BV.

RECENT HAPPENINGS IN THE MARKET:

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