Thursday, June 23rd, 2016 - RnR Market Research

New research on Global Mobile Ticketing Market 2016-2020 is available on Mobile ticketing is the process in which customers purchase and obtain tickets using their smartphones or other mobile devices. There are several applications for mobile ticketing, including event ticketing, airline ticketing, transit ticketing, and theatre ticketing.

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The analysts forecast global mobile ticketing market to grow at a CAGR of 20.09% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global mobile ticketing market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sale of mobile ticketing solutions.

Mobile ticketing is an initiative to enhance the role of mobile phones in ticketing services. The use of mobile phones will enable consumers to buy tickets and to carry tickets within the phone's secure universal integrated circuit card. This will work as an alternative to the traditional electronic card-based tickets and will provide additional functionality and convenience to end-users. Mobile ticketing will also provide more opportunities for service providers. For instance, ticketing agencies will be able to access new channels via the mobile handset to bring value-added services such as traveler guides to the market.

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The increased adoption of mobile devices and the rising popularity of m-commerce are driving the growth of the mobile ticketing market. More customers are using tablets or smartphones to shop online. This trend will continue as mobile devices are becoming more user-friendly and feature-rich.

The report, Global Mobile Ticketing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Ticketing in the transportation sector, especially metro and bus ticketing, is increasingly being driven by mobile phones. High frequency, low price, and high volume of metro and bus ticketing are some of the advantages of mobile payments. Metro ticketing is gaining traction through barcodes delivered via smartphone apps and SMS-based solutions, which are witnessing impressive user adoption in countries such as Sweden and Italy. The airline industry is also a strong supporter of mobile ticketing, with the adoption of mobile boarding passes increasing since the global implementation of barcoded boarding passes.

Further, the report states that privacy and security concerns over mobile ticketing solutions restricts the market growth.

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