Smart ticketing has emerged as a popular alternative for conventional ticketing system for both travelers and public transport companies alike. This brand new innovative way of ticketing cost efficient, effective, and extremely convenient, it is a way forward for the public transport industry. The global smart ticketing market is driven by ease of use and growing popularity of this ticketing system.
Smart ticketing refers to ticketing systems in which an entitlement to ticket or travel is assigned to one person or more and then it is stored on a microchip electronically instead on paper ticket. The microchip on which the electronic ticket is stored is generally integrated onto a smartcard, which is why they are often called smartcard schemes. However, smartcard schemes have much more in offering than just smartcards.
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Smart Ticketing Rides on the Back of Hassles of Traditional Ticketing System
Government supported Integrated Transport Smartcard Organization (ITSO) specifications are utilized by smart ticketing. It enables seamless travelling within and between regions and cities. Passengers using smart tickets can easily change their mode of transport, hop on and off from trains, trams or buses. It eliminates the need for use of traditional system of payment.
Traditional ticketing systems are quite rigid as compared to the smart ticketing ones. As such, smart ticketing systems are more widely accepted in the transportation industry. Global smart ticketing system is becoming increasingly popular in the travel and tourism industry. Easy use and access among people of all age groups are giving ample growth opportunities to the global smart ticketing market during the assessment period. In addition, this system of ticketing offers personalization such as choice of seats or meals, if any.
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The global smart ticketing system is led by Europe, where many leading players are operating. Besides, there is high rate of adoption among the people. Some smart schemes allow seamless travel between both tubes and busses without having to use traditional system.