World Industries Automated Fare Collection System Market Report

According to the global Automated Fare Collection System Market report published by Value Market
Research, the market is expected to touch USD 13.9 BN by 2024, with a CAGR of 12.0% growing from
USD 6.4 BN in 2017. This is a tailored made research service providing informative data and various
critical aspects of the market such as market outlook, market share, growth, and trends. Further, the
report also offers evidence-based information that helps to transform clients business and achieve their
business goals. Moreover, the report also highlights the key strategy of top players. Additionally, this
report covers a wide spectrum of services such as the latest technology trend, market opportunity
analysis, and competitive landscape.
The report also covers detailed competitive landscape including company profiles of key players
operating in the global market. The key players in the automated fare collection system market include
Advanced Card Systems Ltd., Atos SE, Cubic Transportation Systems, NXP Semiconductors, Omron
Corporation, Scheidt & Bachmann GmbH, ST Electronics, Thales Group, Trapeze Group and Vix
Technology. An in-depth view of the competitive outlook includes future capacities, key mergers &
acquisitions, financial overview, partnerships, collaborations, new product launches, new product
developments and other developments with information in terms of H.Q.
Get more information on "Global Automated Fare Collection System Market Research Report" by
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collection-system-market/download-sample
Market Dynamics
The automated fare collection (AFC) system market is estimated to grow mainly due to the rise in the
adoption of cashless fare collection system for transportation modes across all the developed and
developing regions. Further, growing intelligence in the transportation sector along with rising
investment by government in order to improve the infrastructure of the transport system is again
propelling the market growth. Whereas, high installation cost and slow growth in the developing and
underdeveloped region is the only major factor that can limit the market growth in the next six years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using
numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain
analysis. These tools are employed to gain insights of the potential value of the market facilitating the
business strategists with the latest growth opportunities. Additionally, these tools also provide a
detailed analysis of each application/product segment in the global market of automated fare collection
system.
Browse Global Automated Fare Collection System Market Research Report with detailed TOC at
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Market Segmentation
The broad automated fare collection system market has been sub-grouped into technology and
component. The report studies these subsets with respect to the geographical segmentation. The