It is steadily clear that, multiple technologies, such as quick response (QR) codes, near-field communication (NFC), short message service (SMS), mobile wallets, and Bluetooth, which are used to present a mobile ticket at the time of authentication.
This momentum is expected to grow at the rapid space across the
world particularly in Europe and Americas
where transportation sector, concerts and sporting events drive the Mobile Ticketing
Market as major revenue contributors.
Advantages and excitements include: hassle-free travel and increased
customer convenience and satisfaction.
Mobile devices become more user-friendly and feature-rich, so that, Smartphones are increasingly
being used for web surfing, making reservations, online payments, and online shopping.
According to Technavio research, the mobile ticketing market in EMEA
was valued at USD 3 billion in 2015.
The mobile ticketing market in
the Americas was valued at USD 2.76
billion in 2020; and the mobile ticketing market in APAC was valued at USD 1.45 billion in 2015.