The Automated Fare Collection System Market report introduces a high-level overview of the contents such as updated corporate market strategy and other factors which ultimately shape the entire industry structure. This document also communicates important information such as drivers, limitations, challenges, opportunity, and competitive dashboard. Further, the report wraps up all the key points such as recent developments undertaken in the market such as contracts, expansions, acquisitions & merger, and new product launches during the forecast timeline of 2018-2025.
Automated fare collection (AFC) system is an automated technique used to facilitate ticketing services. This system is an efficient technique which provides comfortable and easy to use technology to the travelers. It is a method which employs e-ticketing technology, smart cards, debit and credit card technology and magnetic strip detector technology to make ticket vending efficient fast and queue free.
Major reason behind adoption of AFC technology by government organizations is to encourage travelers to use public transport like trains, buses, trams and metros. It is a merged ticketing system which helps customers to use multiple travelling mediums on a single ticket. Based on component global automated fare collection system market is segmented into software and hardware. Technology segments global automated fare collection system market into OCR, magnetic strip, NFC and smart cards. Hardware and software are basic components in which data and operational technology is mounted to work according to user expectations.
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Increased use of smart card technology and online payment methods prominently drives the global automated fare collection system market. High demand for queue free and automated ticketing system by the huge population using rail transport in the developing regions like India is a major factor to escalate rapid growth for this market. Efforts made by government and integrated institutions to provide better services to its people to encourage use of public travel means is expected to be leverage for the growth of this market. High installation cost of automated system is a major restraint of the global automated fare collection system market.
Key players in the global automated fare collection system market are Scheidt & Bachmann GmbH, NXP Semiconductors, Omron Corporation, ST Electronics, Thales Group, Trapeze Group, Atos SE, Cubic Transportation Systems, Vix Technology and Advanced Card Systems Ltd. This report is segmented on the basis of geography as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America and Europe are the leading regions of this market owing to the high infrastructural development by government organizations. Asia Pacific is expected to show rapid market growth. High dependency of people in region like India and on railway travel significantly supports market growth. China and Japan also help in the growth of Asia Pacific. Latin America and MEA are emerging regions for this market.
Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Automated Fare Collection System Market Analysis By Technology
5.Automated Fare Collection System Market Analysis By Component
6.Automated Fare Collection System Market Analysis By Region
7.Competitive Landscape Of Automated Fare Collection System Companies
8.Company Profiles Of Automated Fare Collection System Industry
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Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.
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Automated fare collection (AFC) system is an automated technique used to facilitate ticketing services. This system is an efficient technique which provides comfortable and easy to use technology to the travelers. It is a method which employs e-ticketing technology, smart cards, debit and credit card technology and magnetic strip detector technology to make ticket vending efficient fast and queue free.
Major reason behind adoption of AFC technology by government organizations is to encourage travelers to use public transport like trains, buses, trams and metros. It is a merged ticketing system which helps customers to use multiple travelling mediums on a single ticket. Based on component global automated fare collection system market is segmented into software and hardware. Technology segments global automated fare collection system market into OCR, magnetic strip, NFC and smart cards. Hardware and software are basic components in which data and operational technology is mounted to work according to user expectations.
Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-964
Increased use of smart card technology and online payment methods prominently drives the global automated fare collection system market. High demand for queue free and automated ticketing system by the huge population using rail transport in the developing regions like India is a major factor to escalate rapid growth for this market. Efforts made by government and integrated institutions to provide better services to its people to encourage use of public travel means is expected to be leverage for the growth of this market. High installation cost of automated system is a major restraint of the global automated fare collection system market.
Key players in the global automated fare collection system market are Scheidt & Bachmann GmbH, NXP Semiconductors, Omron Corporation, ST Electronics, Thales Group, Trapeze Group, Atos SE, Cubic Transportation Systems, Vix Technology and Advanced Card Systems Ltd. This report is segmented on the basis of geography as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America and Europe are the leading regions of this market owing to the high infrastructural development by government organizations. Asia Pacific is expected to show rapid market growth. High dependency of people in region like India and on railway travel significantly supports market growth. China and Japan also help in the growth of Asia Pacific. Latin America and MEA are emerging regions for this market.
Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Automated Fare Collection System Market Analysis By Technology
5.Automated Fare Collection System Market Analysis By Component
6.Automated Fare Collection System Market Analysis By Region
7.Competitive Landscape Of Automated Fare Collection System Companies
8.Company Profiles Of Automated Fare Collection System Industry
Buy Complete Global Automated Fare Collection System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-964
About Us:
DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.
For more details:
DecisionDatabases.com
E-Mail: sales@decisiondatabases.com
Phone: +91 90 28 057900
Web: https://www.decisiondatabases.com/
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