Factors influencing for the development of World Automated Fare Collection System Market 2022

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World Automated Fare Collection System Market -
Opportunities and Forecasts, 2015-2022
Published Date 01 May, 2016 No of Pages
110 Single User Price 4740
World Automated Fare Collection System Market
Forecast Future Trends 2022
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• Automated fare collection system is a
  contactless, end-to-end result for collecting
  fare payment, replacing traditional ticketing
  system with automated ticketing and fare
  collection systems.
• It comprises automatic gate machines, ticket
  vending machines, recharging terminals, and
  ticket checking machines.
• This system enables efficiency in fare
  collection, improves the overall transaction
  rate, and saves extensive amount of time, thereby
  minimizing waiting time in queues and searching
  for cash to buy tickets.
• In addition, it is the easiest method for revenue
  collection. It offers travelers to carry one card
  for use on all transit modes.
• For instance, in December 2015, UAE with Xerox
  Transportation solutions introduced automated
  fare collection system for Abu Dhabi buses, which
  reduced traffic congestion and waiting in queues.

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• An automated fare collection system has various
  software enabled features including Oracle,
  Sybase support, support multitier architecture,
  and XML web services.
• Fare collection technology platforms such as
  Smart cards, NFC and OCR systems ensures full
  interoperability and independence of service
  providers.
• Factors such as increase in demand for
  smartphones, enhanced efficiency, reduced frauds,
  flexible fare plans, and enhanced security system
  strengthen the growth of this market.
• In addition, the government of India, China, and
  others are focusing on enriching the transport
  infrastructure and security system, which further
  drives the growth of the market.
• However, high installation and maintenance costs
  of automated fare collection system hinder the
  market growth.
• Opportunities such as increase in high speed of
  public transport, rise of technology payment, and
  global interoperability are likely to foster
  market growth.

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• The market is segmented on the basis of
  component, application, technology platform, and
  geography.
• On the basis of component, the market is
  categorized into hardware and software.
• Application wise, it is segmented into bus, toll,
  car rental, and train. Besides these, on the
  basis of technology platform, the market is
  divided into smart cards, near field
  communications, optical character recognition,
  and others (magnetic strips and bar codes).
• Smart cards generated maximum revenue in 2015 and
  would continue to dominate the market throughout
  the forecast period.
• Geographically, the market is segmented across
  North America, Europe, Asia-Pacific, and LAMEA.
• Key players operating in the global automated
  fare collection system market are Advanced Card
  Systems Ltd., Atos SE, Cubic Transportation
  Systems, LG CNS, NXP Semiconductors, Omron
  Corporation, Samsung SDS, Scheidt Bachmann,
  LECIP Group and Thales Group.

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• KEY BENEFITS The report includes an in-depth
  analysis of the world automated fare collection
  system market, including current trends, drivers,
  restraints, and growth opportunities.
• Porters Five Forces model illustrates the potency
  of buyers and sellers, which is likely to help
  the market players to adopt effective strategies.
  
• Value chain analysis provides a clear
  understanding of the key intermediaries involved
  and their respective roles at every stage.
• Key market players have been profiled to gain an
  understanding of the strategies adopted by them.
• The current market trends are quantitatively
  analyzed and estimated for the 20152022 period,
  which have been provided to highlight the
  financial competency of the market.
• MARKET SEGMENTATION On the Basis of Component
  Hardware Software On the Basis of Application
  BusTollTrainCar RentalOn the Basis of Technology
  PlatformSmart CardNear Field CommunicationsOptical
  Character RecognitionOthers (Magnetic Strips and
  Bar Codes)On the Basis of GeographyNorth
  AmericaEuropeAsia-PacificLAMEAKey PlayersAdvanced
  Card Systems Ltd.Atos SECubic Transportation
  SystemsLG CNSNXP SemiconductorsOmron Corp.Samsung
  SDSScheidt BachmannThales GroupLECIP Group

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World Automated Fare Collection System Market -
Opportunities and Forecasts, 2015-2022
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the World Automated Fare Collection System Market
and future opportunities are provided in the
report.
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