Smart Ticketing Market Share

Market Share of Smart Ticketing Industry

The smart ticketing market is moderately concentrated, and with the increasing government initiatives supporting this market, more global players are expected to enter this market. Product launches, high expenses on research and development, partnerships and acquisitions, etc., are the prime growth strategies these companies adopt to sustain the intense competition. Some global players are Cubic Corporation, Infineon Technologies AG, and HID Global. Some of the recent developments in the market are:

• July 2022 - Helsingin Seudun Liikenne (HSL), the Helsinki Region Transport Authority, has chosen Conduent to implement a next-generation fare collection system across its network of buses, trams, trains, metros, and ferries, according to Conduent Transportation, a global business unit of Conduent Incorporated. Two hundred thirty-eight million passengers boarded HSL's public transportation systems in 2021.

Smart Ticketing Market Leaders

1. Cubic Corporation

2. Infineon Technologies AG

3. Conduent Inc

4. HID Global

5. Gemalto Nv ( Thales Group)

*Disclaimer: Major Players sorted in no particular order