HOME Research Insight Gemalto (Netherlands) and Cubic Corporation (U.S.) Held the Second Rank in the Smart Ticketing Market

Gemalto (Netherlands) and Cubic Corporation (U.S.) Held the Second Rank in the Smart Ticketing Market

The growth of the smart ticketing market is propelled by the factors such as affordable access to smart transit system, emerging applications in travel and tourism industry, and user-friendly platform. Further, the flourishing adoption of smart technology in public transportation sector may drive the growth of this market. Currently, the key players in this market are adopting development strategies such as contracts, news product launches and developments, and mergers and acquisitions to grow in the market.

Some of the major players in this market are HID (U.S.), Gemalto NV (Netherlands), NXP Semiconductors (U.S.), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), CPI Card Group Inc. (U.S.), Inside Secure (France), Xerox Corporation (U.S.), Confidex Ltd. (Finland), Cubic Corporation (U.S.), ASK (France), and Oberthur Technologies (France), among others. These players have adopted various growth strategies such as new product launches and developments, partnerships, contracts, collaborations, acquisitions, and expansions to widen their global presence and increase their share in the global smart ticketing market.

Gemalto (Netherlands) is a leading company in the smart ticketing market and ranked first in 2015. It was founded in 2006 and has its headquarters in Amsterdam, Netherlands. Gemalto operates in the financial services, government, and transport sector majorly. It is one of the leading providers of smart ticketing solutions for transport sector and provides reliable and advanced smart ticketing and payment solutions such as NFC-enabled wristband and so on. The company has its foothold in the Americas, Asia-Pacific, Europe, and Middle East and Africa. In January 2016, Gemalto along with MegaFon (Russia) and VimpelCom (Netherlands) introduced an UpTeq Multi-Tenant NFC SIMs a mobile NFC ticketing solution that enables commuters to pay transit fares through their smartphones, and it also supported the mobile ticketing program in Moscow. Further, Singapore selected Gemalto to implement mobile NFC ticketing solution in its entire public transport network.

Cubic Corporation (U.S.) held the second rank in the smart ticketing market in 2015. It was established in 1951 and has its headquarters in California, U.S. In its transportation system business segment, the company provides solutions such as revenue management systems, real-time passenger information systems, traffic management systems, and tolling, parking, and analytical systems. It majorly operates in U.S. followed by U.K., Australia, and Middle East, among other regions. In November 2016, CTS, a business unit of Cubic signed a contract worth USD 40.3 million with the Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) to support metro card system until 2022. According to the contract, CTS would provide software programming and maintenance support to agency’s metro card AFC systems.

Related Reports:

Smart Ticketing Market by Product (Ticket Machine, E-Ticket, E-Kiosk), Component (Software and Hardware), System (Smart Card, Open Payment System, and Near-Field Communication), Application, and Geography - Global Forecast to 2022

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