The global bus card reader market is estimated to grow at a CAGR of 7.2% during the forecast period. The major factors contributing to the growth of the market include the growing implementation of smart card technology across public transport buses coupled with the increasing focus on the development of transportation infrastructure. Public bus transport buses are significantly used by the people of several areas, including urban, rural, and metro cites. With the increasing demand for bus transport services, both the government and private sectors are offering facilities to ease travel for passengers.
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A smart card is provided to the passenger which is rechargeable, and every card contains a unique id number in which cardholder details will be stored in a database. The concept of the smart card is implemented with the objective of receiving tickets in the public buses rather than cash payment. The conductor uses the smart card reader to swipe the smart card and later on, entering the traveling details of passengers, the ETM will generate electronic tickets. Afterward, the money will be transferred directly to the transport corporation account with the use of the Global Pocket Radio Service (GPRS). This practice allows a service provider to make the processing of transactions easier.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Bus Card Reader Market Segmentation
By Type
- Contact
- Contactless
By Application
- Public Transport Bus
- Tourist Bus
- School Bus
- Others (Airport Bus)
Global Bus Card Reader Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
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 bus card reader market. Based on the availability of data, information related to pipeline 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.
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