Today Juniper Research has named moovel Group, the leading provider of public transit mobile ticketing and fare validation solutions as a market leading disruptor in their latest report, Mobile & Online Ticketing: Transport, Events & NFC 2017-2022. Juniper’s report outlines moovel’s strong position in the industry, predicting that the company will grow significantly over the next twelve months by developing strategic partnerships with a wide range of mobility service providers. In 2017, 22.3 million transactions have been made via moovel apps. The moovel Group has 3.7 million users in the United States and Europe.
As digital ticketing continues to evolve alongside trends such as intelligent transport networks and near field communication (NFC) technology, Juniper expects over 40 billion tickets to be bought via mobile and online means by the end of 2022. With this shift toward consumer-driven purchasing, mobile wallets and in-app integration will become pivotal features of transportation services. Juniper forecasts that moovel’s experience with these technologies, current transit solutions, Daimler-backing, customer base and innovative new products, such as Fare Connect, will enable the company to disrupt the mobility sector and further drive market leadership in the United States.
“Juniper Research is known for being truly tapped into the mobile ticketing industry and able to accurately forecast where the sector is heading,” said Nat Parker, CEO of moovel North America. “ Their inclusion of moovel as a market leader and disruptor in this latest report is a tremendous validation of the mission our company has set out to accomplish. We believe that the future of mobile ticketing and transportation will offer a more convenient, accessible, and ultimately cost-effective experience for all parties, and look forward to delivering solutions that will help us achieve this goal.”
Acknowledged as the leading analyst house in the Fintech & Payments sector for over a decade, Juniper delivers pioneering research into payments, banking, and financial services. Juniper is fully independent, operating with a team drawn from experienced senior managers with proven track records in each of their specialist fields.
From January 23-25, 2018 in London, moovel will be presenting its latest developments at Transport Ticketing Global, the world’s largest public transportation gathering. On January 24, moovel N.A. CEO Nat Parker will speak about “The Mobility Opportunity” at platform 3.