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Automated Fare Collection Market Demanded Globally by OMRON Corporation, SAMSUNG SDS America, Inc, Scheidt & Bachmann GmbH, Siemens and Sony Corporation.

01-10-2020 02:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research for Markets

Automated Fare Collection Market Demanded Globally

Automated Fare Collection Market Demanded Globally

Automated Fare Collection Market is a professional and a meticulous report which focuses on primary and secondary drivers, Automated Fare Collection Market share, leading segments and geographical analysis. It provides the supreme base for the competitor analysis, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market and Automated Fare Collection industry. The Automated Fare Collection Market report also helps to know about the types of consumers, their response and views about particular products, and their thoughts for the step up of a product. The most appropriate method for the distribution of certain products can also be analysed with this Automated Fare Collection Market research study.

Key market players covered in this report –
Some of the major players in automated fare collection market are Advanced Card Systems Ltd, Atos SE, Cubic Corporation, GMV Innovating Solutions S.L., Indra, LECIP HOLDINGS CORPORATION, LG Electronics, Masabi Ltd, NIPPON SIGNAL CO.,LTD., NXP Semiconductors, OMRON Corporation, SAMSUNG SDS America, Inc, Scheidt & Bachmann GmbH, Siemens and Sony Corporation.

Increasing use of digital payment gateways such as plastic money, real-time payments and debit cards, credit cards, and Near Field Communication (NFC) payment applications are also expected to drive market growth over the forecast period. The system is rapidly replacing traditional ticketing systems due to benefits such as better process management, monetization, financial fraud prevention and better system planning.
The global automated fare collection market size is estimated to be at USD 30.47 billion by 2028. It is projected to expand at a healthy CAGR of 14.1%. AFC systems comprise automatic ticket vending machines, card recharge terminals, gate machines, and ticket checking machines. Rising demand for hassle-free and efficient transportation systems is expected to be one of the key factors driving the market.

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The rapid development of public infrastructure in developing countries around the world has created many opportunities for the market. In addition, market growth is accelerating as regional integration between transportation providers and system providers, such as airports, railways and parking lots, increases. Along with the flexible plans offered by these systems, the widespread use of wireless networks, smartphones and contactless technologies for digital transactions is expected to accelerate market growth.

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Automated Fare Collection Device report provides an outlook for current market value as well as the expected growth of Automated Fare Collection Device during 2019-2028. The whole Growth Analysis of Automated Fare Collection Device has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Automated Fare Collection Device, together with the recent developments have been given here to provide an exhaustive picture of this market.

Automated Fare Collection Device Market segmentation-
Market Segment

Hardware, Software

Smart Card, Magnetic Stripe, Near Field Communication (NFC), Optical Character Recognition (OCR)

Ticket Vending Machine (TVM), Ticket Office Machine (TOM), Fare Gates, IC Cards

Railways & Transportation, Parking, Entertainment, Others’

TABLE OF CONTENTS Automated Fare Collection Device market
Part 01: Automated Fare Collection Device Market Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Automated Fare Collection Device market Landscape
Part 05: Automated Fare Collection Device market Pipeline Analysis
• Pipeline Analysis

Part 06: Automated Fare Collection Device market Sizing
Part 07: Automated Fare Collection Device Market Five Forces Analysis
Part 08: Automated Fare Collection Device Market Segmentation
• Segmentation
• Comparison
• Market Opportunity

Part 09: Customer Landscape
Part 10: Regional Landscape
• Geographical Segmentation
• Regional Comparison

Part 11: Decision Framework
Part 12: Drivers and Challenges
• Market Drivers
• Market Challenges

Part 13: Market Trends
Part 14: Vendor Landscape
• Overview
• Landscape Disruption

Part 15: Vendor Analysis
• Vendors Covered
• Vendor Classification
• Market Positioning Of Vendors

Part 16: Appendix
• List Of Abbreviations
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Research objectives of the Automated Fare Collection Device Market research report-:
• It deliberately analyzes the development factors, trending patterns and their effect on the Automated Fare Collection Device Market
• It gives stick point examination of continuously evolving market elements and keeps you ahead of contenders.
• It defines smart business methodologies by giving deep knowledge into the market focus and directing a nitty gritty investigation of executive framework of market sections.
• It predicts the future market performance and its outcomes during the forecast time i.e. 2019-2028.

Note: Any special requirements about this report, please let us know and we can provide custom report.

Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)

About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

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