The global automated fare collection system market is projected to grow at a significant CAGR during the forecast period. The contactless end-to-end solution for the collection of fare and alternate solutions for the traditional ticketing system is the automated fare collection system. The systems include ticket vending machines and ticket checking machines, automatic gate machines, and recharging terminals. It aids in providing efficiency to the fare collection and enhances overall transaction rates.
Get Free Sample link @ https://www.omrglobal.com/request-sample/automated-fare-collection-system-market
The primary factors that drive the growth of the overall market include the supportive government initiatives that are engaged in the development of sustainable and smart transportation infrastructure. For instance, the government in UK and the Netherlands have introduced these systems to provide smart card technology for the authorities. Further, the increased use of advanced fare collection technologies such as smartcards and electronic payment systems and the growing usage of smartphones for accessing travel information applications are likely to enhance the overall growth of the market during the forecast period.
A full report of Global Automated Fare Collection System Market available @ https://www.omrglobal.com/industry-reports/automated-fare-collection-system-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automated Fare COLLECTION System Market by Technology
- Magnetic Strip
- Smart Cards
- Optical Character Recognition (OCR)
- Near Field Communication (NFC)
Global Automated Fare COLLECTION System Market by Application
- Railway & Transport
- Parking
- Entertainment
- Others (Toll Collection on Highways)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Card Systems Ltd.
- Advantech Co. Ltd.
- Atos SE
- Cubic Corp.
- Eurotech Group
- GMV Group
- LECIP Holdings Corp.
- Mikroelektronika spol. s r.o.
- NEC Corp.
- Nippon Signal Co. Ltd.
- NXP Semiconductors NV
- Scheidt & Bachmann GmbH
- Smartrac Technology GmbH
- SWARCO AG
- Telexis B.V.,
- Thales Group
- Trapeze Group
- Xerox Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automated fare collection system market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automated-fare-collection-system-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
