Automated Fare Collection Market
responsible for the growth of the global automated fare collection market is the strict government standards and regulations set up for various industries . The new payment gateways which include the use of debit , credit , or other bank cards escalate the growth of the global automated fare collection market . The low operating expenses , high return on investments , and improved performance attribute the global market growth . The reduced operating cost , low maintenance cost , and reduced frauds drive the global automated fare collection market .
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Global Automated Fare Collection Market : Segmentation
The global automated fare collection market is segmented based on service type , application , vertical , technology type , and region . The service type segment is divided into training , support , and maintenance , managed service , consulting , and system implementation . The application segment is categorized into theme park applications , parking applications , rail and transport , and others . The vertical segment is classified as retail , media and entertainment , government , transportation and logistics , and others . The technology type segment is bifurcated into magnetic stripes , near field communication , and others . The regional segmentation includes North America , Asia-Pacific , Europe , Latin America , and the Middle East and Africa . The rail and transport segment dominate the global automated fare collection market .