openPR Logo
Press release

Automated Fare Collection System Market 2023 Driving Factors Forecast Research 2029

09-29-2023 09:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Automated Fare Collection System Market

Automated Fare Collection System Market

The global automated fare collection system market is projected to grow at a significant CAGR during the forecast period. The contactless end-to-end solution for the collection of fare and alternate solutions for the traditional ticketing system is the automated fare collection system. The systems include ticket vending machines and ticket checking machines, automatic gate machines, and recharging terminals. It aids in providing efficiency to the fare collection and enhances overall transaction rates.

Get Free Sample link @ https://www.omrglobal.com/request-sample/automated-fare-collection-system-market

The primary factors that drive the growth of the overall market include the supportive government initiatives that are engaged in the development of sustainable and smart transportation infrastructure. For instance, the government in UK and the Netherlands have introduced these systems to provide smart card technology for the authorities. Further, the increased use of advanced fare collection technologies such as smartcards and electronic payment systems and the growing usage of smartphones for accessing travel information applications are likely to enhance the overall growth of the market during the forecast period.

full report of Automated Fare Collection System Market available @ https://www.omrglobal.com/industry-reports/automated-fare-collection-system-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Automated Fare Collection System Market - Segmentation
By Technology
• Magnetic Strip
• Smart Cards
• Optical Character Recognition (OCR)
• Near Field Communication (NFC)

By Application
• Railway & Transport
• Parking
• Entertainment
• Others

Global Automated Fare Collection System Market - Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

The Report Covers
• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automated fare collection system market. Based on the availability of data, information related to products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automated-fare-collection-system-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automated Fare Collection System Market 2023 Driving Factors Forecast Research 2029 here

News-ID: 3230184 • Views:

More Releases from orion market research

Wooden Furniture Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Wooden Furniture Market Size Analysis, Competitive Insights, Leading Players and …
In 2023, the global wooden furniture market was valued at approximately USD 235.3 billion, and by 2033, it is projected to reach around USD 327.7 billion, reflecting a compound annual growth rate (CAGR) of approximately 3.4% from 2024 to 2033. Wooden Furniture Market Overview The global wooden furniture market is experiencing steady growth, driven by increasing consumer demand for sustainable and aesthetically pleasing home furnishings. Factors such as rising disposable incomes, urbanization,
Warehouse Management Systems Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Warehouse Management Systems Market Size Analysis, Competitive Insights, Leading …
In 2023, the global Warehouse Management Systems (WMS) market was approximately USD 3.2 billion, and by 2033, it is expected to reach around USD 9.4 billion, reflecting a compound annual growth rate (CAGR) of approximately 11.4% from 2024 to 2033. Warehouse Management Systems Market Overview The Warehouse Management Systems (WMS) market is rapidly growing as businesses increasingly seek to optimize their supply chain and inventory management processes. WMS solutions help improve operational
Space Technology Market Rising Demand and Growth Forecast Through 2033
Space Technology Market Rising Demand and Growth Forecast Through 2033
The global space technology market was valued at approximately USD 443.20 billion in 2023, and is projected to grow to about USD 916.85 billion by 2033, representing a compound annual growth rate (CAGR) of roughly 7.54% during the period from 2024 to 2033. Space Technology Market Overview The space technology market is experiencing strong expansion, driven by a surge in satellite innovation, advances in launch systems, and a growing wave of commercial
Precious Metal Refining Market : A Guide to Understanding the Process
Precious Metal Refining Market : A Guide to Understanding the Process
In 2023, the global precious metal refining market was approximately USD 27 billion, and by 2033 it is anticipated to reach around USD 47.9 billion, reflecting a compound annual growth rate (CAGR) of approximately 6.2% from 2024 to 2033. Precious Metal Refining Market Overview The Precious Metal Refining market is experiencing steady growth, fueled by rising demand for refined gold, silver, platinum, and palladium across jewelry, electronics, automotive, and industrial sectors. Emerging

All 5 Releases


More Releases for Automated

Automated Fiber Placements And Automated Tape Laying (AFP- ATL) Machines Market …
According to Market Research Intellect, the global Automated Fiber Placements And Automated Tape Laying (AFP- ATL) Machines market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The market for automated tape laying (ATL) and automated fiber
Ace Automated Gates | Austin Enhances Security with Premium Automated Gate Solut …
Ace Automated Gates | Austin enhances property security with premium automated gate solutions. Specializing in gate installation, repair, and advanced access control systems, they provide high-quality electric and motorized gates for residential and commercial properties. Offering expert craftsmanship and durable materials, they ensure long-lasting security and convenience. Austin, TX - Home and business owners seeking enhanced security, convenience, and style can now rely on Ace Automated Gates | Austin [https://aceautomatedgatesaustin.com/] for
Automated Autoinjectors Market
The "Automated Autoinjectors Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Automated Autoinjectors Market, 2024-2031 Verified Market Research's most recent report, "Automated Autoinjectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination
Automated Journalism Market All Sets for Continued Outperformance: Automated Ins …
HTF MI introduces new research on Automated Journalism covering the micro level of analysis by competitors and key business segments (2024-2030). The Automated Journalism explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled
Automated Fiber Placements and Automated Tape Laying (AFP- ATL) Machines Market …
Automated fiber placement and automated tape laying machines are used for the fabrication of composites parts used in aerospace and defense industries. These machines help in precisely placing fiber tapes, tows and sheets on molds or cores to manufacture composite parts with high strength and lightweight properties. Market Dynamics: Increasing demand from aerospace and defense industry is one of the major factors estimated to boost the growth of the AFP- ATL machines
Automated Microbiology Market - Efficiency Meets Accuracy: Redefining Microbiolo …
Newark, New Castle, USA: The "Automated Microbiology Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Automated Microbiology Market: https://www.growthplusreports.com/report/automated-microbiology-market/7801 This latest report researches the industry structure, sales, revenue,