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Automated Fare Collection Systems Market to See Competition Rise | Advanced Card Systems, Thales Group, Omron
Automated Fare Collection Systems
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According to HTF Market Intelligence, the Global Automated Fare Collection Systems market to witness a CAGR of 11.2% during forecast period of 2023-2028. The market is segmented by Global Automated Fare Collection Systems Market Breakdown by Application (Transport & Logistic, Media & Entertainment, Government, Retail, Other) by Type (Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other) by Component (Hardware, Software) by System (Ticket Vending Machine (TVM), Ticket Office Machine (TOM), Fare Gates, IC Cards) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Automated Fare Collection Systems market size is estimated to increase by USD 3.6 Billion at a CAGR of 11.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 14.5 Billion.
Definition:
Automated Fare Collection (AFC) Systems are electronic payment systems used in public transport networks to automate ticketing and fare collection processes. AFC systems can include contactless smart cards, mobile payments, and other forms of electronic payments that eliminate the need for cash transactions.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Automated Fare Collection Systems Market: Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other
Key Applications/end-users of Automated Fare Collection Systems Market: Transport & Logistic, Media & Entertainment, Government, Retail, Other
Market Trends:
The AFC systems market is witnessing a significant growth trend due to the increasing demand for contactless payment methods, advancements in technology, and the growing need for improved public transportation infrastructure. The market is also seeing a rise in the adoption of mobile-based payment systems and the integration of NFC technology in AFC systems.
Market Drivers:
The need for efficient, secure, and seamless payment solutions in public transport systems
Market Opportunities:
Growing adoption of mobile-based payment solutions and NFC technology
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With this report you will learn:
• Who the leading players are in Automated Fare Collection Systems Market?
• What you should look for in a Automated Fare Collection Systems
• What trends are driving the Market
• About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Automated Fare Collection Systems vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
List of players profiled in this report: Advanced Card Systems Ltd. (Hong Kong), Thales Group (France), Omron Corporation (Japan), Vix Technology (United Kingdom), Samsung (South Korea), GMV (Spain), NIPPON SIGNAL CO., LTD (Japan), NXP SEMICONDUCTORS N.V. (Netherlands)
Who should get most benefit of this report?
• Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Automated Fare Collection Systems
• Marketers and agencies doing their due diligence in selecting a Automated Fare Collection Systems for large and enterprise level organizations
• Analysts and vendors looking for current intelligence about this dynamic marketplace.
• Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
Make an enquiry to understand outline of study and further possible customization in offering https://www.htfmarketintelligence.com/enquiry-before-buy/global-automated-fare-collection-systems-market
Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Automated Fare Collection Systems Market
Automated Fare Collection Systems Size (Sales Volume) Comparison by Type (Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other)
Automated Fare Collection Systems Size (Consumption) and Market Share Comparison by Application (Transport & Logistic, Media & Entertainment, Government, Retail, Other) (2022-2028)
Automated Fare Collection Systems Size (Value) Comparison by Region (2023-2028)
Automated Fare Collection Systems Sales, Revenue and Growth Rate (2023-2028)
Automated Fare Collection Systems Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other)
Analyse competitors, including all important parameters of Automated Fare Collection Systems
Automated Fare Collection Systems Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
Get Detailed TOC and Overview of Report @
https://www.htfmarketintelligence.com/report/global-automated-fare-collection-systems-market
Actual Numbers & In-Depth Analysis of Global Automated Fare Collection Systems Market Size Estimation and Trends Available in Full Version of the Report.
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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