GLOBAL AUTOMATED FARE COLLECTION SYSTEM Market 2021 Growth and Strategic Assessment- Thales Group, Samsung SDS, Cubic Transportation Systems Inc, LG CNS

GLOBAL AUTOMATED FARE COLLECTION SYSTEM Market Size and Forecast to 2021 – 2028 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend AUTOMATED FARE COLLECTION SYSTEM data that enhances the understanding, scope, and application of this report.

The global automated fare collection system market is expected to register growth in revenue at a CAGR of 11.18% during the predicted years of 2021-2028.

Click here to get a free sample copy of latest research on AUTOMATED FARE COLLECTION SYSTEM market:

https://www.marketinsightsreports.com/reports/09303315010/global-automated-fare-collection-system-market-2021-2028/inquiry?Mode=A28             

COMPETITIVE OUTLOOK:

The competitive players in this market include Thales Group, Samsung SDS, Cubic Transportation Systems Inc, LG CNS, Lecip Holdings Corporation, NXP Semiconductors, Scheidt & Bachmann GmbH, Dormakaba Holding, Omron Corporation, and Atos SE.

LG CNS, a subsidiary of LG Corporation, is engaged in offering IT services, including consulting, outsourcing, system integration, and IT convergence. The company provides uninterrupted services to customers across the world. Besides, its comprehensive product portfolio includes a smart transportation system that maximizes the efficiency of transportation operations. Additionally, the company was the first Korean company to introduce a traffic card project across Europe. LG has operations across various regions, with headquarters in Seoul, South Korea.

MARKET OUTLOOK:

The decrease in frauds and counterfeiting, rising use of smartphones, flexible fare plans, and growing need for efficiency are key factors driving the growth of the automated fare collection system market. Additionally, the infrastructure upgradation and rising preference for contactless payment are generating new opportunities for the global market during the forecast period.
However, the high capital investment and incomplete projects due to delay are hampering the global market’s future growth.

REGIONAL OUTLOOK:

The global market includes the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

The Asia-Pacific is likely to become the fastest-growing region in the automated fare collection system market over the forecast period. This growth can be attributed to the rise in demand for automated fare collection systems across various sectors. Additionally, advancement activities to enhance the transportation system across the region’s nations adds to the studied market’s progress.

Furthermore, Japan has introduced smart cards that permit commuters to make cashless payments. Hence, this growth in the use of smart cards supplements the development of the automated fare collection system market across the APAC region.

Browse the report description and TOC: 

https://www.marketinsightsreports.com/reports/09303315010/global-automated-fare-collection-system-market-2021-2028?Mode=A28    

The study objectives of this report are:

To study and analyze the GLOBAL AUTOMATED FARE COLLECTION SYSTEM size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2027, and forecast to 2028.
To understand the structure of AUTOMATED FARE COLLECTION SYSTEM by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key GLOBAL AUTOMATED FARE COLLECTION SYSTEM manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the AUTOMATED FARE COLLECTION SYSTEM with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of AUTOMATED FARE COLLECTION SYSTEM submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.           

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.