Mobile Ticketing Market Size, Industry Statistics, Growth Potentials & Trends

Posted by Sakshi Mishra on April 30th, 2021

Industry Insight

Mobile ticketing plays a fundamental role in the information and technology industry. The global mobile ticketing market depends on this factor significantly, and based on this, it could expect an impactful growth of ~19% CAGR during the forecast period (2016-2022), reveals Market Research Future (MRFR) in an extensively studied report. At this pace, the market will be gaining a valuation of USD ~4026 Million within the same timeframe.

Top Impacting Factors

Mounting preference of customers in order to obtain, order, validate, and pay for tickets suitably has led to a surge in demand for the mobile ticketing market in recent years. In fact, reduced distribution and production costs related to traditional ticketing channels based on paper have also shown some positive side that could fuel the growth of the market in the coming years. At the same time, urbanization has been one of the significant factors leading the market to gain considerable valuation.

Mobile tickets can be purchased through some of the trusted and secure mobile applications, via text messages, voice calls, online and WAP pages. Therefore, attributed to convenient, simple, and new ways to purchase tickets, the global mobile ticketing market is probable to witness high growth in the forecast period. Moreover, various trends, such as a rapid rise in the adoption of Smartphones, has further fuelled demand for mobile ticketing globally.

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Segmentation of Market: Mobile Ticketing Market

The worldwide mobile ticketing market in MRFR’s study has been segmented among types, technology, and application.

In terms of type segment, the market has involved mobile applications and SMS ticketing.

The mobile ticketing market by technology segment has included OCR (Optical character recognition), PDF 417, 2D bar code, NFC technology, and QR code.

The mobile ticketing market by application type has included Entertainment tickets, travel tickets, and more.

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