Allied Market Research
Loading...
0
Upcoming Allied Market Research
2021
High-speed Biometric And Microchip Ticketing System Market

High-Speed Biometric and Microchip Ticketing System Market by Application (Bus, Toll, Train, and Car Rental), Component (Hardware, and Software), and Technology Platform (Smart Card, Near Field Communications, Optical Character Recognition (OCR), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12806
Pages: NA
Oct 2021 | 218 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the High-speed Biometric And Microchip Ticketing System Market

Request Now !

High-Speed Biometric and Microchip Ticketing System Market Outlook 2030 -

The biometric and microchip ticketing system is a system which enables storing tickets electronically in a microchip. Some of the key advantages of using smart ticking system include safety from fraud, providing passengers with credit or pre-loaded ride travels in case of an advance travel, help in reduction or eliminating long queue. Further biometric and microchip ticketing system enables the operators and sellers to provide there personalized or customized tickets which suit the requirement of a wide range of individuals and cater to their customized requirements. The transportation industry is highly adopting the smart ticketing system. Effective application of a broad array of smart technology is expected to boost the growth of the biometric and microchip ticket market. Moreover, the growth of the market would witness bright prospects due to the factors like growing application of the technology in the tourism and travel industry and applications of systems that are easily manageable by users and can be accessed and easily utilized by people belonging to every age group. However, the growth of the market is inhibited by the high price of installation and a centralized operating unit for smooth functioning of biometric and microchip ticketing systems to operate efficiently. In addition to it, various governments around the world are deploying measures like demonetization and supporting cashless transactions. This factor creates many profitable growth opportunities for the global smart ticketing market during the forecast period.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Application, Component, Technology Platform, and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

 Companies covered

Cardinal matrix, Siemens AG, Hitachi, Ltd., IDEMIA SAS, Assa Abloy AB, Confidex Ltd., NXP Semiconductors N.V, Giesecke & Devrient GmbH, Atsuke, and Confidex Ltd.

 

COVID-19 Impact analysis

In the current COVID-19 health crisis, unprecedented times call for creative solutions, and the payments technology industry offers many different opportunities to people to support each other as well as the communities in a safe and effective manner with little to no physical contact. Due to COVID-19 the major impact is experienced by the public mobility as people are suggested to stay at home and prefer work from home wherever possible. From March 2020, public transport in majority of the big cities have been completely or partially shut down. Though, the restriction on public mobility has been lifted partially since the past two or three months, however, the world’s major cities are experiencing 70% to 90% reduction in the public-transit ridership. In the current scenario, payment environment has witnessed drastic change across the globe as passengers are inclining toward digital payment solutions to perform contactless payment operations. In the post COVID-19 situation in the near future, high health concern and penetration of digital technologies, contactless and automated payment system is going to gain momentum in the upcoming decade.

Top Impacting Factors

  • Growing digitalization in ticketing services, development smart cities, and low fraud rates are driving the growth of the market.
  • High cost of installation, and maintenance cost is expected to hamper the growth of the market.
  • Surge in population, and fast urbanization can be seen as an opportunity for the market investments.

The high-speed biometric and microchip ticketing systems trends are as follows:

Enhanced efficiency

High-speed biometric and microchip ticketing systems eliminates cash payment and concerns associated with language barriers between drivers and passengers, thereby facilitating hassle-free payment using smartcards. With every swipe of card, valuable data is collected and instantly incorporated in a database to enable efficient handling of payments, faster transactions and less processing time. In addition, it enables merchants to manage records efficiently and handle large amount of transactions. Moreover, high-speed biometric and microchip ticketing systems allow quick service as well as self-service options, ensuring minimal or no waiting time for consumers, which reduces the overall operational time and improves efficiency of the entire process. Furthermore, faster validation of transactions allows the staff to generate fare tokens and tickets quickly. For instance, in October 2020 IDEMIA collaborated with MasterCard and MarchMove. Together, the companies aim to develop a biometric card, which utilizes a fingerprint to authorize transactions at in-store payment terminals. The F. CODE Easy card takes the effortless and intuitive experience of biometric authentication from a mobile phone to a smart card. The high-speed biometric and microchip ticketing systems has improved the efficiency of fare box collection and made the journey convenient for the commuters and thereby, drives the market growth.

Low fraud rates

Smartcard technology is preferred over paper tickets due to high data-storage capacity of these systems and high level of security encryption. Public transport providers incur financial losses due to fare or ticket evasions. High-speed biometric and microchip ticketing systems allow access to only those customers who have collected the token by making the payment or have sufficient fund balance in their smart cards. The implementation of this technology tends to reduce the number of frauds and prevent counterfeiting. Thus driving the market of high-speed biometric and microchip ticketing systems.

Key segments covered:

Segments

Sub-segments

 Application

  • Bus
  • Toll
  • Train
  • Car Rental

 Component

  • Hardware
  • Software

 Technology Platform

  • Smart Card
  • Near Field Communications
  • Optical Character Recognition (OCR)
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the high-speed biometric and microchip ticketing system market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the high-speed biometric and microchip ticketing system market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the high-speed biometric and microchip ticketing system market growth scenario.
  • The report provides a detailed high-speed biometric and microchip ticketing system market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the high-speed biometric and microchip ticketing system market research report:

  • Which are the leading market players active in the high-speed biometric and microchip ticketing system market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the high-speed biometric and microchip ticketing system market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
High-speed Biometric And Microchip Ticketing System Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers