- EMV/Magnetic Stripe
- NFC
- Optical Character Recognition
The global transportation payment solutions market is estimated to be valued at USD 5,266.6 million in 2021 and is poised to grow at a significant CAGR of 16.8% over 2022-2028. Transportation payment solutions are a sort of payment system in which money transactions took via digital methods while transportation. This kind of digital payment can also be referred to as an electronic payment solution during transportation because there will be no actual currency involved. The contactless payment system is anticipated to show a significant growth in the market forecast owing to public convenience and safety and consumes less time to process. Moreover, the players are focusing on technological advancements to maintain growth in the market. For instance, in February 2022 - Transtura acquires WazoMoney, to launch payment solutions for the mobility sector. Huge demand for transportation payment solutions in the travel and tourism industries and increasing digitalization of the transportation sector are the key driving factors for the high adoption of transportation payment solutions across the world. Recent Market Developments: In February 2022, MercuryGate International, Inc. added smart transportation features, such as embedded analytics, artificial intelligence, and machine learning, to its transportation management solution. The enhanced solution was designed to provide real-time insights into global and local supply chain requirements.
Transportation Payment Solutions Market Summary
Study Period
2023-29
Base Year
2022
CAGR
16.8%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Transportation Payment Solutions Market
Transportation Payment Solutions Market is expected to grow at significant CAGR over the forecast years owing to the growing importance of affordable access to rapid transit with the help of smart transit systems. Moreover, the huge demand for transportation payment solutions in the travel and tourism industries and the increasing digitalization of the transportation sector are the key driving factors for the high adoption of transportation payment solutions across the world. Furthermore, Smart tickets offer a cost-effective and efficient way for passengers to manage their travels in public transport. Passengers can also load credit amounts in their tickets in advance for their travel. If the smart ticket is stolen or lost, then users can recover and transfer the amount to another smart card, thereby making it a convenient and secured ticketing application for travelers.
North-America Got Significant Share
Transportation Payment Solutions Market
North America accounted to have the largest share in the global transportation payment solutions market and the market is expected to grow rise at a significant CAGR over the forecast years owing to the increase in COVID-19 cases has been a major setback for the transportation industry. The transportation industry has suffered a significant decline due to most of governments enforce isolation practices. Governments have taken several steps to meet the challenges, by reducing the toll fee, and by putting a no-stop & no-check signs. Moreover, the Asia pacific global transportation payment solution market is holding a significant share owing to transport Payments being supported by the various governments in India, China, Japan, and other APAC countries
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Transportation Payment Solutions Market Segmentation
By Technology
By end user
- Bus
- Car
- Toll
- Air Travel
- Ship
- Train
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The CAGR of the transportation payment solutions market is 16.8% over the forecast period (2022 - 2028)
The major players in the global transportation payment solutions market are Payvision, Conduent Business Services, NXP Semiconductors, EOS UPTRADE, Global Mass Transit, Indracompany, Ingenico, Nayax, Xerox Corporation, LG CNS, Longbow Technologies Sdn. Bhd., Atos SE, Samsung SDS and Thales Group.
Asia Pacific is the fastest-growing region for transportation payment solutions market
| 1. Executive Summary |
| 2. Global Transportation Payment Solutions Market Introduction |
| 2.1. Global Transportation Payment Solutions Market – Taxonomy |
| 2.2. Global Transportation Payment Solutions Market –Definitions |
| 2.2.1. By Technology |
| 2.2.2. By System |
| 2.2.3. By End User |
| 3. Global Transportation Payment Solutions Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Transportation Payment Solutions Market Dynamic Factors - Impact Analysis |
| 3.6. Global Transportation Payment Solutions Market – Competition Landscape |
| 4. Global Transportation Payment Solutions Market Analysis, 2017-2021 and Forecast, 2022-2028 |
| 4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Transportation Payment Solutions Devices Market, By Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1. Contactless Payment |
| 5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Magnetic Strip & Bar Coding |
| 5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Near Field Communication |
| 5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Optical Character Recognition |
| 5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Smart Card |
| 5.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Transportation Payment Solutions Devices Market, By System, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1. Electronic Tra |
| 6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electronic Toll Collection |
| 6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Transportation Payment Solutions Devices Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1. Banking, financial services and insurance (BFSI) |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Retail & eCommerce |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Transportation & Logistics |
| 7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Healthcare |
| 7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Telecom & IT |
| 7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Media & Entertainment |
| 7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global Transportation Payment Solutions Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Transportation Payment Solutions Market - Opportunity Analysis Index, By Technology, System, End User, and Region, 2022-2028 |
| 9. North America Fertilizers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.1. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Contactless Payment |
| 9.1.2. Magnetic Strip & Bar Coding |
| 9.1.3. Near Field Communication |
| 9.1.4. Optical Character Recognition |
| 9.1.5. Smart Card |
| 9.2. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Electronic Tra |
| 9.2.2. Electronic Toll Collection |
| 9.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Banking, financial services and insurance (BFSI) |
| 9.3.2. Retail & eCommerce |
| 9.3.3. Transportation & Logistics |
| 9.3.4. Healthcare |
| 9.3.5. Telecom & IT |
| 9.3.6. Media & Entertainment |
| 9.3.7. Others |
| 9.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Fertilizers Market - Opportunity Analysis Index, By Technology, System, End User, and Country, 2022-2028 |
| 9.6. North America Fertilizers Market Dynamics – Trends |
| 10. Europe Fertilizers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 10.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Contactless Payment |
| 10.1.2. Magnetic Strip & Bar Coding |
| 10.1.3. Near Field Communication |
| 10.1.4. Optical Character Recognition |
| 10.1.5. Smart Card |
| 10.2. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Electronic Tra |
| 10.2.2. Electronic Toll Collection |
| 10.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Banking, financial services and insurance (BFSI) |
| 10.3.2. Retail & eCommerce |
| 10.3.3. Transportation & Logistics |
| 10.3.4. Healthcare |
| 10.3.5. Telecom & IT |
| 10.3.6. Media & Entertainment |
| 10.3.7. Others |
| 10.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Fertilizers Market - Opportunity Analysis Index, By Technology, System, End User, and Country, 2022-2028 |
| 10.6. Europe Fertilizers Market Dynamics – Trends |
| 11. Asia-Pacific Fertilizers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 11.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Contactless Payment |
| 11.1.2. Magnetic Strip & Bar Coding |
| 11.1.3. Near Field Communication |
| 11.1.4. Optical Character Recognition |
| 11.1.5. Smart Card |
| 11.2. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Electronic Tra |
| 11.2.2. Electronic Toll Collection |
| 11.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Banking, financial services and insurance (BFSI) |
| 11.3.2. Retail & eCommerce |
| 11.3.3. Transportation & Logistics |
| 11.3.4. Healthcare |
| 11.3.5. Telecom & IT |
| 11.3.6. Media & Entertainment |
| 11.3.7. Others |
| 11.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Fertilizers Market - Opportunity Analysis Index, By Technology, System, End User, and Country, 2022-2028 |
| 11.6. Asia-Pacific Fertilizers Market Dynamics – Trends |
| 12. Latin America Fertilizers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 12.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Contactless Payment |
| 12.1.2. Magnetic Strip & Bar Coding |
| 12.1.3. Near Field Communication |
| 12.1.4. Optical Character Recognition |
| 12.1.5. Smart Card |
| 12.2. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Electronic Tra |
| 12.2.2. Electronic Toll Collection |
| 12.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Banking, financial services and insurance (BFSI) |
| 12.3.2. Retail & eCommerce |
| 12.3.3. Transportation & Logistics |
| 12.3.4. Healthcare |
| 12.3.5. Telecom & IT |
| 12.3.6. Media & Entertainment |
| 12.3.7. Others |
| 12.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Rest of Latin America |
| 12.5. Latin America Fertilizers Market - Opportunity Analysis Index, By Technology, System, End User, and Country, 2022-2028 |
| 12.6. Latin America Fertilizers Market Dynamics – Trends |
| 13. Middle East and Africa Fertilizers Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 13.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Contactless Payment |
| 13.1.2. Magnetic Strip & Bar Coding |
| 13.1.3. Near Field Communication |
| 13.1.4. Optical Character Recognition |
| 13.1.5. Smart Card |
| 13.2. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Electronic Tra |
| 13.2.2. Electronic Toll Collection |
| 13.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Banking, financial services and insurance (BFSI) |
| 13.3.2. Retail & eCommerce |
| 13.3.3. Transportation & Logistics |
| 13.3.4. Healthcare |
| 13.3.5. Telecom & IT |
| 13.3.6. Media & Entertainment |
| 13.3.7. Others |
| 13.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. South Africa |
| 13.4.3. Rest of MEA |
| 13.5. MEA Fertilizers Market - Opportunity Analysis Index, By Technology, System, End User, and Country, 2022-2028 |
| 13.6. MEA Fertilizers Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Payvision |
| 14.2.2. Conduent Business Services |
| 14.2.3. NXP Semiconductors |
| 14.2.4. EOS UPTRADE |
| 14.2.5. Global Mass Transit |
| 14.2.6. Indracompany |
| 14.2.7. Ingenico |
| 14.2.8. Nayax |
| 14.2.9. Xerox Corporation |
| 14.2.10. LG CNS |
| 14.2.11. Longbow Technologies Sdn. Bhd. |
| 14.2.12. Atos SE |
| 14.2.13. Samsung SDS |
| 14.2.14. Thales Group |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Payvision
- Conduent Business Services
- NXP Semiconductors
- EOS UPTRADE
- Global Mass Transit
- Indracompany
- Ingenico
- Nayax
- Xerox Corporation
- LG CNS
- Longbow Technologies Sdn. Bhd.
- Atos SE
- Samsung SDS
- Thales Group