South & Central America Smart Ticketing Market Forecast to 2031 – Regional Analysis – by Component (Hardware, Software, and Services), Payment System (Open Payment System, Smart Card, and NFC), End User (Transportation, Sport and Entertainment, Parking, and Others)
The South & Central America smart ticketing market was valued at US$ 274.18 million in 2023 and is expected to reach US$ 547.91 million by 2031; it is estimated to record a CAGR of 9.0% from 2023 to 2031.
Rising Investments in Smart Stadiums Fuel South & Central America Smart Ticketing Market
In recent years, the global need for contactless experience systems has accelerated the use of smart ticketing in stadium and event sales processes. Smart ticketing provides an easy way for stadium and event organizers to run their operations more efficiently, avoiding overhead costs and procedural bottlenecks. This is crucial since traditional paper-based ticketing needs more labor and resources, rendering it an unsustainable method of organizing sporting events. The implementation of a smart ticketing system can dramatically enhance ticket sales by allowing fans to check the availability of their favorite seats and order tickets that match their preferences. The significant data acquired from these bookings allows organizers to determine which areas fans are most interested in, resulting in the development of targeted ticketing strategies that appeal to specific audience segments. With smart ticketing taking care of ticket validation, the stadium staff may be reallocated to improve fan experiences, assist with crowd management, provide information and guidance, or support key areas that require human intervention. Smart ticketing makes the best use of workers by streamlining ticketing operations, boosting both operational efficiency and the entire stadium experience for attendees. For instance, RFID tickets were utilized by millions of supporters during the FIFA Confederations Cup in 2013, the FIFA World Cup in 2014, the FIFA Confederations Cup in 2017, the FIFA World Cup in 2018, the FIFA Arab Cup in 2021, and the FIFA World Cup 2022 in Qatar. FIFA had appointed HID as its official ticket producer. Thus, increasing investments in smart stadiums to make the user payment experience seamless is expected to create lucrative opportunities for the smart ticketing market expansion.
South & Central America Smart Ticketing Market Overview
The SAM smart ticketing market is experiencing significant growth due to the rising adoption of smart wearables in the region. Smart wearables, including smartwatches, fitness trackers, and other connected devices, have become integral parts of consumers' daily lives, presenting a unique opportunity for businesses in the smart ticketing sector. Furthermore, various companies in the region are taking initiatives in regard to smart ticketing. For instance, in March 2024, Busbud, an online marketplace for intercity bus and train tickets, announced that it is expanding its presence in Brazil through the acquisition of Buson. Montreal-based Busbud offers business-management software to bus operators and has an online marketplace where travelers can purchase digital tickets. Buson offers similar software to 300 bus operators in Brazil and has an online marketplace for ticket purchases.
South & Central America Smart Ticketing Market Revenue and Forecast to 2031 (US$ Million)
South & Central America Smart Ticketing Market Segmentation
The South & Central America smart ticketing market is categorized into component, payment system, end user, and country.
Based on component, the South & Central America smart ticketing market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2023.
By technology, the South & Central America smart ticketing market is segmented into open payment system, smart card, and NFC. The smart card segment held the largest market share in 2023.
Based on end user, the South & Central America smart ticketing market is segmented into transportation, sport and entertainment, parking, and others. The transportation segment held the largest market share in 2023.
By country, the South & Central America smart ticketing market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America smart ticketing market share in 2023.
Infineon Technologies AG, NXP Semiconductors NV, Xerox Holdings Corp, IDEMIA France SAS, Thales SA, HID Global Corp, and Siemens Energy AG are some of the leading companies operating in the South & Central America smart ticketing market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. South & Central America Smart Ticketing Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 List of Vendors in the Value Chain
4.3.1 List of Vendors
5. South & Central America Smart Ticketing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Digital Payments in Public Transport
5.1.2 Increasing Integration of IoT for Better Mobility in Smart Cities
5.2 Market Restraints
5.2.1 Data Safety and Security Issues
5.3 Market Opportunities
5.3.1 Rising Investments in Smart Stadiums
5.3.2 Advancements in AI and ML Technology
5.4 Future Trends
5.4.1 Blockchain Technology in Smart Ticketing
5.5 Impact of Drivers and Restraints:
6. Smart Ticketing Market – South & Central America Market Analysis
6.1 South & Central America
6.2 Smart Ticketing Market Revenue (US$ Million), 2021–2031
6.3 Smart Ticketing Market Forecast Analysis
7. South & Central America Smart Ticketing Market Analysis – by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
8. South & Central America Smart Ticketing Market Analysis – by Payment System
8.1 Open Payment System
8.1.1 Overview
8.1.2 Open Payment System: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Smart Card
8.2.1 Overview
8.2.2 Smart Card: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
8.3 NFC
8.3.1 Overview
8.3.2 NFC: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
9. South & Central America Smart Ticketing Market Analysis – by End User
9.1 Transportation
9.1.1 Overview
9.1.2 Transportation: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Sport and Entertainment
9.2.1 Overview
9.2.2 Sport and Entertainment: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Parking
9.3.1 Overview
9.3.2 Parking: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
10. South & Central America Smart Ticketing Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America: Smart Ticketing Market – Revenue and Forecast Analysis – by Country
10.1.1.1 South & Central America: Smart Ticketing Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Brazil: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.2.1 Brazil: Smart Ticketing Market Breakdown, by Component
10.1.1.2.2 Brazil: Smart Ticketing Market Breakdown, by Payment System
10.1.1.2.3 Brazil: Smart Ticketing Market Breakdown, by End User
10.1.1.3 Argentina: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.3.1 Argentina: Smart Ticketing Market Breakdown, by Component
10.1.1.3.2 Argentina: Smart Ticketing Market Breakdown, by Payment System
10.1.1.3.3 Argentina: Smart Ticketing Market Breakdown, by End User
10.1.1.4 Rest of South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.4.1 Rest of South & Central America: Smart Ticketing Market Breakdown, by Component
10.1.1.4.2 Rest of South & Central America: Smart Ticketing Market Breakdown, by Payment System
10.1.1.4.3 Rest of South & Central America: Smart Ticketing Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Infineon Technologies AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 NXP Semiconductors NV
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Xerox Holdings Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 IDEMIA France SAS
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Thales SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HID Global Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens Energy AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. South & Central America Smart Ticketing Market Segmentation
Table 2. Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 4. Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million) – by Payment System
Table 5. Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 6. South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 7. Brazil: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 8. Brazil: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Payment System
Table 9. Brazil: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. Argentina: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 11. Argentina: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Payment System
Table 12. Argentina: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 13. Rest of South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. Rest of South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by Payment System
Table 15. Rest of South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 16. List of Abbreviation
List of Figures
Figure 1. South & Central America Smart Ticketing Market Segmentation, by Country
Figure 2. Ecosystem: Smart Ticketing Market
Figure 3. Smart Ticketing Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Smart Ticketing Market Revenue (US$ Million), 2021–2031
Figure 6. Smart Ticketing Market Share (%) – by Component (2023 and 2031)
Figure 7. Hardware: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Software: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Services: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Smart Ticketing Market Share (%) – by Payment System (2023 and 2031)
Figure 11. Open Payment System: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Smart Card: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. NFC: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Smart Ticketing Market Share (%) – by End User (2023 and 2031)
Figure 15. Transportation: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Sport and Entertainment: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Parking: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Others: Smart Ticketing Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. South & Central America Smart Ticketing Market, by Key Countries - Revenue (2023) (US$ Million)
Figure 20. South & Central America: Smart Ticketing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 21. Brazil: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Argentina: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Rest of South & Central America: Smart Ticketing Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Heat Map Analysis by Key Players
Figure 25. Company Positioning & Concentration
- Infineon Technologies AG.
- NXP Semiconductors NV.
- Xerox Holdings Corp.
- IDEMIA France SAS.
- Thales SA.
- HID Global Corp.
- Siemens Energy AG.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America smart ticketing market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America smart ticketing market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.