According to new market research data from Persistence Market Research, the global mobile ticketing market generated US$ 1.2 billion in revenue in 2019 and is projected to grow at an excellent CAGR of 17% from 2020 to 2030. The market for mobile tickets is expanding as more people use mobile ticketing systems and apps to increase ticket sales, decrease dependency on printed paper and plastic tickets, promote digitization, and accept cashless payments. Through 2030, the transportation and event sectors will dominate in terms of sales, significantly contributing to the growth of the worldwide mobile ticketing industry.
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Key Takeaways from Mobile Ticketing Market Study
- Among the types, the entertainment segment is expected to witness high growth due to increasing free mobile apps and websites provided by service providers that allow viewers to book their preferred seats.
- The number of smartphone users as well as increasing use of mobile ticketing apps in the transport sector are driving market growth.
- The COVID-19 The pandemic has led to restrictions on transportation and entertainment activities around the world, which will hurt market growth in the near term.
- Among the regions, North America holds the highest share of the region 27% in terms of market value in the global mobile ticketing market 2019. The market in the South Asia & Pacific region is exhibiting a high growth rate, owing to the high adoption of popular event/movie booking applications among the urban population across the region.
“The demand for online payment options is rapidly gaining popularity, and is encouraging the governments of various countries to promote cashless economies, which is in line with the global digitalization trend. This demand is creating lucrative opportunities for the mobile ticketing market,” says a PMR analyst.
Rising Urban Population Driving Market Growth
Mobile ticketing is an integrating mobile ticketing platform for the emerging mobile ticket market. The urban population owning smartphones is twice the size of the rural population, and also the number of mobile ticketing apps used by them is high compared to the rural population. Increasing urbanization is fueling the demand for mobile ticketing applications with various features.
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Mobile Ticketing Market – Competition Landscape
The report also profiles some of the leading companies operating in the global mobile ticketing market, such as
- Masabi Ltd
- Gemalto NV
- inmodo AB
- Margento BV
- ShowClix LLC
- Rapidsoft Systems, Inc
- Digital Management, Inc.
- Scheidt & Bachmann GmbH
- Moovel Group
- AEP Ticketing Types Srl
Find More Valuable Insights on the Mobile Ticketing Market
Persistence Market Research puts forward an unbiased analysis of the global mobile ticketing market, providing historical demand data (2015–2019) and forecast statistics for the period of 2020–2030. To understand the opportunities in mobile ticketing market, the market is segmented on the basis of type (mobile ticketing applications and SMS mobile ticketing), application (travel tickets [airline tickets, railway tickets, bus tickets, and others]entertainment tickets, hotel bookings, and others), and region (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East and Africa).
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Mobile Ticketing Market: Segmentation
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