Press release
Automated Fare Collection Afc System Market is anticipated to account for US$ 11.8 Bn by 2024-end
The report, titled “Automated Fare Collection Systems Market: Global Industry Analysis and Forecast, 2016-2024,” illustrates that the global automated fare collection systems market, which is presently valued at US$ 4.7 Bn will surge at 11.1% CAGR during the eight-year forecast period. Factors such as easy installation, low-cost maintenance and compatibility to technological advancements are observed to drive the demand for automated fare collection systems across the globe. The market is expected to witness surplus revenue growth on the account of advancements instated in automated fare collection systems. Companies manufacturing such systems are providing additional features that further enhance the user experience, and continue to propel in accordance with transportation authorities.
Report overview @ https://www.persistencemarketresearch.com/market-research/automated-fare-collection-afc-system-market.asp
Cubic Corporation, Thales Group, Xerox Corporation, Eurotech SPA, Nippon Signal Co. Ltd., Advantech Co. Ltd., NEC Corporation, Advanced Card Systems Holdings Limited, Omron Corporation and Scheidt & Bachman GmbH are profiled in the report as leading manufacturers of automated fare collection systems in the world.
Rising adoption of automated fare collection systems is also associated with growing need for advanced transportation solutions. Traffic authorities continue to struggle with old-fashioned transit systems and end up suffering losses worth millions of dollars.
Request to sample report @ https://www.persistencemarketresearch.com/samples/6457
Through automated fare collection systems, these authorities will be at an advantage in terms of operational fluency and controlling expenditure budget. A majority of automated fare collection systems are availed in the form of hardware. Revenues amassed from sales of AFC hardware have been projected to account for more than 40% share throughout the forecast period. Demand for AFC software will also gain traction, while services will continue to procure consistent share on global market value between 2017 and 2024.
Get full report now @ https://www.persistencemarketresearch.com/checkout/6457
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com
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 Afc System Market is anticipated to account for US$ 11.8 Bn by 2024-end here
News-ID: 874930 • Views: …
More Releases from Persistence Market Research
Europe Calf Milk Replacer Market to Reach US$1,657.2 Mn by 2032 | Driven by Risi …
The Europe calf milk replacer market is poised for significant growth over the coming years. The market size is projected to reach US$1,018.6 million in 2025 and is anticipated to expand to US$1,657.2 million by 2032, registering a robust compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2032. The growth trajectory is driven by the increasing awareness among dairy farmers regarding the nutritional requirements…
Croscarmellose Sodium Market to Reach $487 Mn by 2032, Driven by Rising Pharma D …
The global croscarmellose sodium market is projected to witness significant expansion over the forecast period, reflecting the growing adoption of pharmaceutical excipients across diverse applications. Valued at approximately US$ 288.7 million in 2025, the market is expected to reach US$ 487.0 million by 2032, registering a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032. This growth trajectory is driven primarily by increasing demand for orally disintegrating tablets…
Europe Egg Replacement Ingredients Market to Reach $1,711.1 Mn by 2032, Driven b …
The Europe egg replacement ingredients market is witnessing significant expansion, driven by the increasing adoption of plant-based diets and rising consumer awareness regarding health and wellness. The market size is projected to reach US$ 952.2 million in 2025 and is expected to surge to US$ 1,711.1 million by 2032, registering a robust CAGR of 8.7% over the forecast period from 2025 to 2032. The growing demand for clean-label products, vegan…
Kraft Paper Market to Reach US$ 25.0 Billion by 2032: Growth Driven by Rising De …
The global Kraft Paper market is undergoing significant expansion, driven by the accelerating shift toward eco-friendly packaging materials and the rising global awareness surrounding sustainability. As industries worldwide transition from plastic-based packaging to biodegradable alternatives, kraft paper has emerged as one of the most sought-after materials due to its strength, recyclability, and versatility.
According to the latest study by Persistence Market Research, the global Kraft Paper market size is projected to…
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,…
