|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, November 22, 2017 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Automated Fare Collection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast “
Get Free Sample Report @ https://www.mrrse.com/sample/1400
This market research study analyzes the automated fare collection market on a global level and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It gives a comprehensive overview of the AFC market from all the important strategic perspectives. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years. By geography, the automated fare collection market has been segmented into North America, Europe, Asia Pacific and Rest of the world (RoW). The current market size and forecast till 2021 is provided in the report.
Automated fare collection market is the automated ticketing systems designed for transportation networks. Automated fare collection system enables efficiency in the fare collection and helps in improving the transaction rate. The Automated fare collection AFC also helps in broadening the customer base for the transport system and establishment. The AFC system helps in saving considerable amount of time as it eliminates the need for waiting in queues for buying tickets. Moreover, installation of AFC systems enables the transport authorities to enhance services to the end users. Development of mono rail and metro services in rising cities and other metro cities is a major driver in the automated fare collection market. Government focus at improvement of transportation security and infrastructure is likely to drive the market. Use of account-based payment systems like credit, debit and bank card is likely to drive the market further. The cost of installation and development of infrastructure for the automated fare collection system is very high and is a major restraint for the growth of the automated fare collection market. The growth in demand for enhancement for business process to maximize profitability among organization is likely to help the growth in demand for AFC system over the forecast period. Established transportation agencies are getting into strategic partnerships with AFC manufactures, AFC solution providers and financial institutions to integrate the AFC process and help them reduce the overall cost
Browse Complete Report with TOC @ https://www.mrrse.com/automated-fare-collection-market
Smart Cards led the automated fare collection market segmented by technology type. Smart cards are the most widely used technology in the automated fare collection market as they are secure and reliable. However, emergence of government norms on the smart card manufacturers is likely to restrain the smart card market over the forecast period.
North America is the leader in the global automated fare collection market due to presence of developed nations like the U.S and Canada. AFC is used in all kind of transportation system in the region and thus have high demand for AFC systems. Asia Pacific is the most attractive regional market for AFS. There are a lot of construction and development actives which are taking place in the region to improve the transportation infrastructure and modernize the transportation system. Moreover, a lot of express ways are built to improve the connectivity in the region and most of these express road ways have toll charges on them, which are mostly collected using AFC systems, thus driving the market.
The report provides strategic analysis of the automated fare collection market and the growth forecast for the period 2015-2021. The report covers competitive analysis of various market segments based on the automated fare collection technology types, automated fare collection components and automated fare collection industrial application.
The market share of various key industry players operating in the automated fare collection market along with their company overview, market presence (by segment and geography), financial overview, business strategies and recent developments are also included in the report. The key players operating in the automated fare collection market are Advanced Card Systems Ltd., Atos, Cubic Transportation Systems, Fare Logistics, GMV, LG, NXP Semiconductors, Omron Corporation, and Samsung SDS.
Send an Enquiry @ https://www.mrrse.com/enquiry/1400
The Automated fare collection market has been segmented as follows:
Automated Fare Collection Market: By Technology Type
Smart cards
Magnetic strips
NFC
OCR
Automated Fare Collection Market: By Component
Software
Hardware
Automated Fare Collection Market: By Industrial Application
Bus
Toll
Car rental
Train
e-payment
others
Check Discount @ https://www.mrrse.com/checkdiscount/1400
About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
MRRSE
Alok Kumar
+1-518-730-0559
sales@mrrse.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
