Emergence of Passenger Ticket Vending Machine (TVM) Market 2017-2021

"The Report Global Passenger Ticket Vending Machine (TVM) Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

About Passenger Ticket Vending Machine (TVM)

A ticket machine, also known as a Ticket Vending Machine (TVM), is a vending machine, which produces tickets. Passenger ticket machines dispense tickets at railway stations, subway stations, bus stations, and airports. A typical transaction in TVMs consists of a passenger user using the display interface to select the quantity and type of tickets. Following this, the passenger selects a payment method, which can be either cash, smartcard or credit/debit card. The tickets are printed and dispensed to the passenger user.

Technavios analysts forecast the global passenger ticket vending machine (TVM) market to grow at a CAGR of 4.06% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global passenger ticket vending machine (TVM) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Passenger Ticket Vending Machine (TVM) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
innovation in traffic systems
Omron
Parkeon
Scheidt & Bachmann
Xerox

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Other prominent vendors
AEP
DUCATI Energia
Genfare
GRGBanking
ICA
IER
Sigma
Shanghai Huahong

Market driver
Increasing cashless vending by NFC technology
For a full, detailed list, view our report

Market challenge
High initial investment in TVMs
For a full, detailed list, view our report

Market trend
Emergence of distinct connected TVM
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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