IGR Automated Fare Collection (AFC) Market | Page 2

The report on Automated Fare Collection Market by component (software and
hardware), by technology(NFC, magnetic strip, OCR and Smart cards) trends analysis and
forecasts up to 2023 studies the market sizes, key trends and opportunities in the main
geographies such as North America, Europe, Asia-Pacific, Rest of the World. According
to the report the Global Automated Fare Collection Market is projected to grow at a
CAGR of 11.7% in terms of value over the period of 2017-2023. The growth in the world
market is primarily driven by significant contribution by North America (Leading region)
region to this market.
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Segments Covered
The report on global automated fare collection (AFC) market covers segments such as
component and technology. The component segments include software and hardware.
On the basis of technology the global automated fare collection (AFC) market is
categorized into NFC, magnetic strip, OCR and Smart cards.
Geographic Coverage
The report provides regional analysis covering geographies such as North America,
Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market
size for each geography is provided over the period of 2015 – 2023.