Global self-service ticket machines market was valued at US$7.218 billion in 2017 and is projected to expand at a CAGR of 6.27% over the forecast period to reach US$10.397 billion by 2023. A self-service ticket machine operates as a ticket producing and dispensing machine, which helps a user to get the required tickets without waiting in a queue at the ticket counter. The self-service ticket machines can also be used to validate tickets which are used in situations when they have ben purchased in advance to be used later, as these tickets are time-stamped to decide their legitimacy in such scenarios.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the self service ticket machines market value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of this market.
Major industry players profiled as part of the report are ALSA Grupo S.L.U., Mera-Systemy, AVM S.p.A., and Parkeon among others.
In the report, global self service ticket machines market has been segmented by product type, by end-user and geography as below:
Middle East and Africa (MEA)
Asia Pacific (APAC)