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

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

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


1
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
2
About IMARC Group
Report Description
The International Market Analysis Research and
Consulting Group is a leading adviser on
management strategy and market research
worldwide. We partner with clients in all sectors
and regions to identify their highest-value
opportunities, address their most critical
challenges, and transform their
businesses. IMARCs information products include
major market, scientific, economic and
technological developments for business leaders
in pharmaceutical, industrial, and high
technology organizations. Market forecasts and
industry analysis for biotechnology, advanced
materials, chemicals, food and beverage, travel
and tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
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
4
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).

5
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


6
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

7
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

8
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

9
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
10
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
11
Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
12

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