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Smart Ticketing Market by Product, Component, System, Application, and Geography – Global Forecast to 2022

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NEW YORK, Jan. 24, 2017 /PRNewswire/ — “Affordable access to smart transit systems and emerging applications in travel and tourism industry are expected to drive the smart ticketing market”
The smart ticketing market is expected to be worth USD 10.22 billion by 2022, growing at a CAGR of 7.93% between 2016 and 2022. Seamless implementation of smart ticketing systems across the public transportation network require an open architecture which can depict a perceptible amount of compatibility with the various hardware and software components of smart ticketing system. However, requirement of centralized framework of smart ticketing system and large amount of funds can be the factors hindering growth of the market.

SOURCE Reportlinker

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