Global Self-Service Ticket Machines: Market Research by Knowledge Sourcing Intelligence

The global self-service ticket machines market is projected to grow at a decent CAGR during the forecast period. Self-service ticket machines operate as a ticket verifying, producing and dispensing machine, without any human interaction. The rapid rise in tourism and entertainment consumption has led to an increased demand for efficient ticket management and operations and is thus contributing to the rise of self-service ticket machines in these industries. Furthermore, the growing penetration of e-ticketing solutions across various industries has also positively influenced the demand for these machines over the forecast period. Moreover, the rapid adoption of artificial intelligence and constant technological advancements by key players to improve their market hold will pave way for more growth opportunities in the market during the coming years. 
global self service ticket machines market: market research by knowledge sourcing intellligence
Global Self Service Ticket Machines Market Forecast

Global Self-Service Ticket Machines by Geography:
Geographically, the global self-service ticket machines market has been segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. These regional markets have been further segmented into countries which hold a significant share in this market. Europe and North America, being the early adopters of new technologies held a significantly large share in the global market in 2017 and will continue to maintain their dominance till the end of the forecast period on account of the presence of favorable infrastructure required for the adoption of self-service ticket machines in these regions.
The United States self-service ticket machines market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the projected period to reach US$XX.XX billion in 2023. The country has been witnessing a significantly heavy inflow of funds into the transportation sector by the government as it seeks to improve the safety, reliability, and efficiency of the overall transportation system in order to ensure solid long-term growth. The Federal Railroad Administration (FRA) in the country works in close collaboration with the railroad industry in order to capitalize on investments in advanced technologies to enhance safety reliability and efficiency. For FY 2019, $854.0 million were requested by the president’s budget for programs which enhance the growth of this sector. The market growth is also being boosted by high know-how among people required for using systems like these. Increasing miles traveled by passengers in the United States show significantly high adoption of rail services by them.
sample view of global self-service ticket machines market by end-user: market research by knowledge sourcing intelligence
Sample View of Global Self-Service Ticket Machines by End-User

Global Self-Service Ticket Machines by End-user: 
By end-user, the global self-service ticket machines market is segmented as travel, entertainment, retail, and others. The entertainment segment is expected to hold a significant share on account of the growing media and entertainment industry and expected to grow at a substantial rate during the forecast period. However, retail is also expected to grow at a faster rate owing to the growing adoption of these machines in major emerging economies. Furthermore, travel and tourism are also expected to grow at a noteworthy rate owing to the increasing application of these machines across the major transport sectors such as rail, road, and aviation among others. The market research provides a detailed analysis of various global self-service ticket machines market segment like- by end-user, by geography, etc.

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Due to the increasing traffic, there is a growing demand for effective management of the increased passenger traffic and in order to cater to this, a rise in the demand for these machines is being observed. 

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