South Korea Smart Ticketing Market Size & Outlook
South Korea smart ticketing market, 2017-2030 (US$M)
Related Markets
South Korea smart ticketing market highlights
- The South Korea smart ticketing market generated a revenue of USD 410.5 million in 2023 and is expected to reach USD 1,192.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
Smart ticketing market data book summary
| Market revenue in 2023 | USD 410.5 million |
| Market revenue in 2030 | USD 1,192.3 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | CPI Card Group Inc, Cubic Corporation, Thales, Giesecke+Devrient, Assa Abloy AB ADR, Infineon Technologies AG, NXP Semiconductors NV, IDEMIA, Xerox Holdings Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.5% of the global smart ticketing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan smart ticketing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 659.3 million by 2030.
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Smart Ticketing Market Scope
Smart Ticketing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea smart ticketing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart ticketing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 50.13% in 2023. Horizon Databook has segmented the South Korea smart ticketing market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
- South Korea Smart Ticketing Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- South Korea Smart Ticketing Product Outlook (Revenue, USD Million, 2017-2030)
- E-kiosk
- E-ticket
- E-toll
- Request Tracker
- Smart Parking System
- Ticket Machine
- Ticket Validators
- Others
- South Korea Smart Ticketing System Outlook (Revenue, USD Million, 2017-2030)
- Open Payment System
- Smart Card
- Near-field Communication
- South Korea Smart Ticketing End Use Outlook (Revenue, USD Million, 2017-2030)
- Parking
- Sport & Entertainment
- Transportation
- Others
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Target buyers of South Korea smart ticketing market databook
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Our clientele includes a mix of smart ticketing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea smart ticketing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea smart ticketing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea smart ticketing market size, by component, 2017-2030 (US$M)
South Korea Smart Ticketing Market Outlook Share, 2023 & 2030 (US$M)
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