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Transport Ticketing Market is predicted to reach USD 31.53 Billion at a CAGR of 15.70% by 2030- Report by Market Research Future (MRFR)

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New York, US, April 27, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Transport Ticketing Market Research Report: By Product, System, and Application – Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 31.53 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 15.70 % during the assessment timeframe.

The global transport ticketing industry is poised to experience significant growth over the next few years, according to a new report by Market Research Future Insights. The report highlights the key drivers and challenges facing the market, as well as the latest industry trends and regional analysis. It also profiles the key players in the market and outlines recent developments and opportunities for growth.

Transport Ticketing Market Key Players

The report profiles several key players in the transport ticketing market, including

  • Cubic Corporation,
  • NXP Semiconductors,
  • Infineon Technologies AG,
  • Samsung Electronics Co., Ltd., and
  • Thales Group

These companies are expected to play a major role in driving innovation and growth in the market over the next few years.

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Report Scope:

Report Metric Details
Revenue forecast in 2030 USD 31.53 Billion
Growth Rate CAGR of 15.70 % from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities Increasing adoption of advanced technologies in smart ticketing solutions
Key Market Drivers Increasing demand for smart ticketing in the sports, entertainment, and tourism industries

Browse In-depth Market Research Report (100 Pages) on Transport Ticketing Market:
https://www.marketresearchfuture.com/reports/transport-ticketing-market-4198

Drivers and Challenges

The report identifies several key drivers that are expected to propel growth in the transport ticketing market. One of the main drivers is the growing demand for integrated ticketing solutions that can be used across multiple modes of transport, such as buses, trains, and metros. These solutions offer convenience and cost savings for commuters, as well as improved efficiency for transport operators.

Another key driver is the increasing use of smartphones and other mobile devices for ticketing and payment. This trend is being driven by the rapid growth of mobile technology, as well as the increasing availability of high-speed internet access. Mobile ticketing solutions offer a range of benefits, including greater convenience for customers and improved data collection and analysis for transport operators.
However, the report also highlights several challenges facing the transport ticketing industry. One of the main challenges is the complexity of integrating different transport systems and ticketing solutions. This requires significant investment in infrastructure and technology, as well as collaboration between different stakeholders in the transport industry.

Another challenge is the need to balance the demand for convenience and efficiency with the need to protect customer data and privacy. As more and more personal information is collected through ticketing and payment systems, there is a growing need for robust security and privacy policies to protect customer data.

Market Segmentation and Regional Analysis

The report provides a detailed segmentation of the transport ticketing industry by mode of transport, component, and region. The market is segmented into roadways, railways, and airways, with the roadways segment expected to account for the largest share of the market over the forecast period.

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In terms of components, the market is segmented into hardware, software, and services. The hardware segment is expected to account for the largest share of the market, due to the growing demand for ticketing machines and other hardware solutions.

The report also provides a regional analysis of the transport ticketing market, with a focus on North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific region is expected to account for the largest share of the market, due to the growing demand for integrated transport solutions in countries such as China and India.

Industry Trends

The report highlights several key trends that are expected to shape the transport ticketing market over the next few years. One of the main trends is the growing use of contactless and mobile ticketing solutions, which offer greater convenience and cost savings for customers.

Another key trend is the increasing use of data analytics and artificial intelligence in ticketing and payment systems. These technologies offer the potential to improve efficiency and reduce costs for transport operators, while also providing customers with a more personalized and seamless experience.

Recent Developments and Opportunities

The transport ticketing market is experiencing rapid growth and transformation, driven by a range of technological, economic, and social factors. Recent developments and opportunities in the market are poised to further accelerate this growth and provide new opportunities for stakeholders across the transport industry.

One of the most significant recent developments in the transport ticketing market is the increasing adoption of contactless and mobile ticketing solutions. These solutions offer greater convenience and flexibility for customers, as well as improved efficiency and data collection for transport operators.

In recent years, contactless payment solutions such as Apple Pay and Google Pay have become increasingly popular, and these technologies are now being integrated into transport ticketing systems. This allows customers to use their mobile devices to purchase and validate tickets, eliminating the need for physical tickets or smartcards.

In addition to contactless payment solutions, the use of mobile ticketing apps is also becoming more widespread. These apps allow customers to purchase and validate tickets, view travel information and service updates, and access other transport-related services such as bike sharing and car rental.

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Another recent development in the transport ticketing market is the growing focus on data analytics and artificial intelligence (AI). These technologies offer the potential to improve efficiency and reduce costs for transport operators, while also providing customers with a more personalized and seamless experience.

Data analytics can be used to analyze customer behavior and preferences, as well as operational data such as vehicle occupancy and service utilization. This information can be used to optimize service delivery, improve resource allocation, and enhance customer satisfaction.

AI technologies such as machine learning and natural language processing are also being used to improve customer service and support. Chatbots and virtual assistants can help customers with ticketing and travel-related queries, providing quick and efficient service without the need for human intervention.

Opportunities for growth in the transport ticketing market are also emerging from broader trends in the transport sector, such as the shift towards sustainable and low-carbon transport solutions. Electric and hybrid vehicles are becoming increasingly popular, and this trend is expected to drive the adoption of new ticketing and payment solutions that are tailored to the needs of these vehicles.

Smart city initiatives are also providing new opportunities for growth in the transport ticketing market. The integration of transport ticketing systems with other smart city solutions such as traffic management, parking, and public safety is expected to drive the adoption of integrated and seamless transport solutions that improve the overall customer experience.

In addition, the growing popularity of mobility-as-a-service (MaaS) solutions is expected to drive further innovation in the transport ticketing market. MaaS solutions offer customers a range of transport options, from public transport to ride-sharing and bike-sharing services, all accessible through a single platform.

The transport ticketing market is poised for significant growth and transformation in the coming years, driven by these and other recent developments and opportunities. As the transport industry continues to evolve, stakeholders across the sector will need to adapt and innovate in order to meet the changing needs and expectations of customers.

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Energy Management System Market Research Report- Forecast 2030      

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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TREEFROG THERAPEUTICS PICKS-UP BEST POSTER AWARD AT THE INTERNATIONAL SOCIETY FOR CELL & GENE THERAPY (ISCT) ANNUAL MEETING FOR THEIR CELL THERAPY PROGRAM IN PARKINSON’S DISEASE

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–  Treefrog will present two posters on their cell therapy program in Parkinson’s Disease and their proprietary encapsulation technology, C-Stem™ –  
BORDEAUX, France, May 29, 2024 /PRNewswire/ — TreeFrog Therapeutics has a busy schedule at the ISCT’s 30th annual meeting, taking place in Vancouver, Canada this week, with two posters being presented, one of which has been awarded the Best Poster in the iPSC category. A poster on their transformational encapsulation technology, C-Stem™, will also be presented. 

TreeFrog is a cell therapy company with a lead program in Parkinson’s disease, a complex neurodegenerative disease with no cure and treatments that offer symptomatic relief only. Decades of research demonstrate that cell therapy holds immense promise for Parkinson’s disease, with multiple clinical trials ongoing. However, the manufacturing of these cells must overcome major pharmaceutical challenges, including scalability, to be compatible with potential commercial phases. The cell therapy program at TreeFrog is based on C-Stem™, a proprietary technology platform that overcomes these challenges. In 2021, the company achieved a world-first of producing 15billion iPSCs in one run, in one week.
Michael Lanero Fidalgo, Chief Operating Officer, will represent the company for the Best Poster in the iPSC category, an award designed to recognize outstanding abstracts related to iPSC research. Poster #1219, First Off-The-Shelf Bioreactor Produced, iPSC-Derived Neural Microtissues Containing Dopaminergic Neurons Innervate the Striatum and Normalize Behavior in a Parkinson Rat Model, is also one of only twenty posters chosen for an elevator pitch presentation from the overall 600 considered.
Kevin Alessandri, co-founder and Chief Technology Officer, will present poster #1200 Cell encapsulation as a tool for stem cell-based cell therapy industrialization, a deep dive into how the C-Stem™ technology, can overcome the bottlenecks of the complex Chemistry, Manufacturing and Controls (CMC) in cell therapy. He will also participate as a KOL in the JSRM-ISCT iPSC workshop event iPSCs: From Bench to Bedside’ Scientific Signature Series.
Events:
Elevator Pitch presentation by Michael Lanero-Fidalgo, representing lead authors Nicolas Prudon & Lucia Cordero Espinoza May 29th, 2024 @ 12:00 – 13:00, Room 201iPSC Poster Presentation Networking reception (Posters #1219 & #1200) May 30th @ 18:00 – 19:30 Exhibit & Poster HalliPSC: Bench to Bedside: Scientific Signature Series, participation of Kevin Alessandri as KOL. June 1st, 2024 @ 7:30 – 16:00, Room 212-214www.treefrog.fr
CONTACT:  Rachel MooneyChief Communications OfficerTreeFrog Therapeutics [email protected]  
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US Air Force Awards ThroughPut.ai Direct-to-Phase-II Contract for Boeing, Lockheed Martin, and Sikorsky Mission Design Series to Accelerate Aircraft Readiness

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Leveraging Data to Drive Maintenance-first actions that improve overall supply chain throughput across the DAF.
NEW YORK, May 28, 2024 /PRNewswire/ — ThroughPut.ai, the Supply Chain Decision Intelligence Pioneer, announces it has been selected by AFWERX for a (SBIR Direct-to-Phase II contract) in the amount of $1,248,627.00 focused on “AI-Powered Proactive Supply Chain Capabilities” to address the most pressing challenges in the Department of the Air Force (DAF). The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on April 17th, 2024, ThroughPut.ai will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

“ThroughPut.ai looks forward to supporting efforts to accelerate inventory flow across the United States Air Force,” said Ali Raza, CEO & Founder of ThroughPut.ai. “By driving inventory/materiel management changes at the maintenance endpoint first, supply chain improvements can then be amplified across the greater industrial base to create aircraft capacity.”
“The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.”
About (ThroughPut.ai)
ThroughPut.ai is a Silicon Valley-based supply chain optimization & predictive replenishment company. The company’s software AI platform has the ability to identify location-, product-, and customer-based demand changes sooner in order to adjust order frequencies, vendor sources, and parts buffer levels at a global and local scale. ThroughPut’s platform was designed by Fortune 500 & technology executives with real-world experience managing demand & supply chain disruptions and war-zone logistics across the Middle East.
About AFRLThe Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit afresearchlab.com.
About AFWERXAs the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,100 new contracts worth more than $4 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com. 
Company Press Contact:Ali RazaCEO/[email protected] 

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Data Center Investments Soar: 200% Rise Since 2016 and Projected 89% Increase by 2028

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USA News Group CommentaryIssued on behalf of Avant Technologies Inc.
VANCOUVER, BC, May 28, 2024 /PRNewswire/ — Since 2016, investment in data centre infrastructure has risen 200%, with a further 89% increase expected by 2028 as more opportunities emerge with the rise of artificial intelligence (AI). According to Jones Lang LaSalle Inc.’s CEO Christian Ulbrich, data centers are “the hottest asset class at the moment.” Analysts at Technavio are projecting the global data center market to record an additional US$329.82 billion in growth at a CAGR of 12.73% through 2027. Capitalizing on the opportunity are several players recently announcing developments regarding their involvement in the data centers sector, including

Avant Technologies Inc. (OTCQB: AVAI), Amazon.com, Inc. (NASDAQ: AMZN), Applied Digital Corporation (NASDAQ: APLD), Digital Realty Trust, Inc. (NYSE: DLR), and Equinix, Inc. (NASDAQ: EQIX).
As an early pioneer in generative AI, Avant Technologies Inc. (OTCQB: AVAI) continues to enhance its flagship asset, Avant AITM, a sophisticated machine and deep learning AI system designed for versatility and customization across various industries and applications. Recently, Avant announced plans to equip its AI-managed data center, currently in development, with High-Performance Computing (HPC) systems. According to IBM, HPC technology utilizes clusters of powerful processors working in parallel to process massive multi-dimensional data sets and solve complex problems at exceptionally high speeds.
“The rise of AI is revolutionizing industries, and Avant Technologies is committed to being at the forefront of this transformation,” said William Hisey, CEO of Avant. “By building an AI-managed data center with HPC systems, we will gain the computational power and infrastructure required to train and deploy sophisticated AI models, which will ultimately provide even greater value to our customers.”
The new data center will leverage AI-driven management technology to optimize resource allocation and enhance efficiency in all aspects of data center operations. Avant will meticulously design its HPC infrastructure to meet the demands of AI workloads, selecting high-performance CPUs and GPUs (or TPUs) specifically suited for deep learning tasks. This cutting-edge facility will enable Avant to accelerate AI advancements, delivering innovative solutions to clients by improving data center efficiency and empowering them with exceptional AI capabilities.
Additionally, Avant will implement a high-speed network to ensure efficient data transfer and select a scalable storage solution to manage the large datasets necessary for training and utilizing AI models. The HPC systems will prioritize security, incorporating robust measures to protect sensitive data and create a secure environment for AI deployment. Furthermore, the data center will integrate energy-efficient technologies and sustainable design practices, reflecting Avant’s commitment to environmental responsibility.
Avant Technologies also recently announced plans to implement AI-empowered Zero Trust Architecture (ZTA) across its data center operations. Additionally, the company has expanded its AvantAI™ platform to include intelligent, proactive monitoring and management for data centers.
Over the past few weeks Amazon.com, Inc. (NASDAQ: AMZN) has collectively committed to investing $20 billion into new data centers for its subsidiary Amazon Web Services (AWS). The first to be announced was an $11-billion data center to be built in Indiana, with another $9 billion set to accelerate cloud-infrastructure in Singapore. The moves fall in line with Amazon CEO Andy Jassy’s projection that 85% of IT spending will remain on premises, in the race for Gen AI supremacy.
Amazon also recently announced an extension on its partnership between AWS and CrowdStrike to unify cybersecurity protection on its CrowdStrike Falcon platform. As per the agreement, Amazon is replacing a variety of cloud point products with Falcon Cloud Security, is using Falcon Next-Gen SIEM to secure big data logging and is deploying Identity Threat Detection and Response to prevent identity-based attacks.
“CrowdStrike and AWS have a deep history of working together to secure the most innovative companies in the world,” said CJ Moses, Chief Information Security Officer and Vice President of Security Engineering at Amazon. “Amazon uses CrowdStrike to provide visibility, detection, and response across our businesses in order to protect the cloud, infrastructure, and services for our customers. This is part of our shared mission to help all organizations build, operate, and secure their business.”
In a move to shore-up its market position as a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, Applied Digital Corporation (NASDAQ: APLD) recently announced the appointment of industry veteran Todd Gale as its new Chief Development Officer. The announcement came just one month after the company announced it had issued a $50 million unsecured convertible debenture to advance its HPC Data Center Project in Ellendale, North Dakota.
“We intend to use the net proceeds from the private financing, supplemented by the proceeds from our announced sale of the Garden City facility, to finance substantial advancements in our construction phase of the HPC data center in Ellendale, North Dakota,” said David Rench, CFO of Applied Digital. “Concurrently, we continue negotiating our project-level financing to ensure timely project completion and fulfillment of our contractual obligations.”
Applied Digital intends to utilize chipmaking giant NVIDIA’s new Blackwell platform into its cloud offerings. The company’s next-generation data center campuses are specifically designed to host HPC/AI applications, offering more cost-effective and efficient alternatives to traditional data centers.
In Japan, Digital Realty Trust, Inc. (NYSE: DLR) recently announced the expansion of its NRT Campus, by commencing construction of its third data center to support AI. Upon completion of the site in late 2025, the campus’s capacity will rise to 104MW, with the intention of meeting rising demand for next-generation infrastructure, and seamless access to Japan’s connected data communities.
“Japan’s rapidly increasing demand for AI deployments creates the need for scalable, flexible, and highly connected AI-ready data centers in the Tokyo metropolitan area,” said Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty. “We believe NRT14’s next-generation data center infrastructure and Digital Realty’s connected global open data center platform provide the foundational pillars our customers need to drive innovation in the coming years.”
Equinix, Inc. (NASDAQ: EQIX), another digital infrastructure company, has recently launched a $600 million joint venture with PGIM Real Estate to develop and operate the first xScale data center in the US, situated in California’s Silicon Valley. This follows their successful collaboration on the first xScale data center in Australia in 2022, which was part of a similar $575 million joint venture announced in 2021.
Under the terms of the new agreement, PGIM Real Estate will hold an 80% equity interest in the joint venture, while Equinix will retain a 20% equity stake. xScale data centers by Equinix enable hyperscale companies to expand their core deployments within Equinix’s IBX data centers, facilitating growth in over 70 global metros through a platform that supports direct interconnections with more than 10,000 customers.
This joint venture complements Equinix’s existing hyperscale collaborations in Europe, Asia-Pacific, and the Americas, significantly enhancing the global xScale data center portfolio. Once completed, this global expansion is set to exceed $8 billion, encompassing more than 35 facilities and providing over 725 megawatts of power capacity.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 
CONTACT:USA NEWS [email protected](604) 265-2873
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