Automated Fare Collection Market PPT (2022-2027): Global Trends, Scope, Demand, Opportunity and Forecast

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Global Automated Fare Collection Market Research
and Forecast Report 2022-2027




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Automated Fare Collection Market Research
Report According to the latest report by IMARC
Group, titled "Automated Fare Collection Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2022-2027," the global
automated fare collection market size reached US
6.27 Billion in 2020. An automatic fare
collection (AFC)system refers to a contactless
software-based ticketing system that is used for
collecting fare payments while replacing
conventional ticketing solutions with automated
ticketing. It is commonly deployed at entry and
exit points of public transport units that
consist ofautomatic gate machines,recharging
terminals, ticket checking machines and ticket
vending machines. These machines are commonly
compatible with a vast array of payment methods
that provide enhanced convenience to the users.
Their usage also facilitates improved transaction
rate and excellent operational transparency while
offering cost- and time-efficiency to the
travelers. Request Free Sample Report
https//www.imarcgroup.com/automated-fare-collecti
on-market/requestsample
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Report Description and Highlights
Report Description
Global Automated Fare Collection Market Trends
The global market is majorly driven by rapid
digitization and the widespread adoption of
automation across the globe. With the busy and
hectic lifestyles led by the working
professionals, there has been a rising need for
convenient and user-friendly modes of fare
collection across public transport terminals.
This has impelled the deployment of AFC systems
at the entry and exit points of transport
terminals in an attempt to minimize the wastage
of time waiting in queues and ensure contactless
and hassle-free payment solutions. Moreover,
the continual developments in the existing public
transport infrastructure and the widespread usage
of smartphone applications for accessing travel
route information and online booking of tickets
are creating a positive outlook for the market.
Furthermore, the increasing integration of
advanced technologies with AFC systems is also
acting as a major growth-inducing factor. For
instance, the growing preference for open road
tolling (ORT) and near-field communication (NFC)
systems are increasingly being deployed at toll
booths to facilitate free-flowing toll collection
and minimize traffic congestion. Some of the
other factors contributing to the market growth
include the rising demand for fare collection
systems with low fraud rates and the rapid
expansion of smart cities on the global level.
Looking forward, the market value is projected
to reach a strong growth during the forecast
period (2022-2027).

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Report Description and Highlights
Report Description

• Market Summary
• Breakup by System Type
• Ticket Vending Machine (TVM)
• Ticket Office Machine (TOM)
• Fare Gates
• IC Cards
•  
• Breakup by Technology
• Smart Card
• Magnetic Stripe
• Near Field Communication (NFC)
• Others
• Breakup by Application
• Railways and Transportation
• Parking
• Entertainment
• Others

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Report Description and Highlights
Report Description

• Breakup by Component
• Hardware
• Software and Services
• Breakup by Region
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France

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Report Description and Highlights
Report Description

• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Argentina
• Columbia
• Chile
• Peru
• Others
• Middle East and Africa Turkey
• Saudi Arabia
• Iran
• United Arab Emirates
• Others

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Report Description and Highlights
Report Description

• Note We are updating our database, would you
  like to know latest primary and secondary data
  (2022-2027) with Cost Module, Business Strategy,
  Distribution Channel, etc, click request free
  sample report.
• Competitive Landscape with Key Players
• Advanced Card Systems Limited (HNA Technology
  Investments Holdings)
• Atos SE
• Cubic Corporation
• Indra Sistemas SA
• Nippon Signal Co. Ltd.
• NXP Semiconductors N.V.
• Omron Corporation
• Scheidt Bachmann GmbH
• Siemens AG
• Sony Corporation
• STMicroelectronics
• Thales Group.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/automated-fare-collecti
  on-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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