Transit Cards Market Growth, Upcoming Trends, Companies Share, Structure and Regional Analysis by 2021-2026

 According to IMARC Group’s latest report, titled “Transit Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global transit cards market grew at a CAGR of around 5% during 2015-2020. Transit cards are pocket-sized passes or tickets that are issued to passengers to take pre-defined or unlimited trips in trains, metro rails, or buses. These cards are embedded with an integrated circuit, a secured memory chip and a microcontroller. Transit cards enable quick identification and authentication of public transportation systems and are manufactured in different forms, which include contactless, hybrid, contact-based and dual interface cards. As compared to conventional ticketing systems, these cards are more reliable, convenient and reduce the risk of fraudulent activities.

Request for a PDF sample of this report: https://www.imarcgroup.com/transit-cards-market/requestsample

The significant growth in the transportation industry and the digitization of technologies used for public transportation are among the key factors creating an optimistic outlook for the global transit card market. With the growing requirement for effective passenger mobility solutions, there has been a rise in the demand for modern ticketing systems. Other than this, rapid product innovations, such as the introduction of tamper-resistant transit cards that can only function with a personal identification number (PIN), are contributing to the market growth. Looking forward, IMARC Group expects the global transit cards market to exhibit moderate growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• 4G Identity Solutions Private Ltd. (Goldstone Technologies Ltd.)
• Beijing Watchdata Co. Ltd.
• Cardlogix Corporation
• Eastcompeace Technology Co. Ltd
• Entrust Corporation
• Giesecke & Devrient GmbH
• Infineon Technologies AG
• Thales Group and Watchdata Group.

Transit Cards Market Segmentation:

Breakup by Product:

• Bus Card
• Subway Card
• Others

Breakup by Type:

• Contactless Transit Cards
• Contact-based Transit Cards
• Combi/Hybrid Transit Cards

Breakup by Application:

• Transportation
• Traffic Management
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/transit-cards-market

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Ball Valves Market Size, Share, Trends, Analysis and Forecast 2021-26

United States Probe Station Market Share, Size, Structure, Demands, Challenges and Opportunities by 2021-2026

Automated Material Handling Equipment Market Industry Growth, Trends, Top Organizations and Forecast 2021-2026

Led Lighting Market Analysis by Industry Size, Future Evolution, Scope and Regional Analysis by 2021-2026

Smart Lighting Market Size, Share, Trends, Analysis and Forecast 2021-26

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800