The Global Automated Fare Collection System Market size is expected to reach $17.9 billion by 2026, rising at a market growth of 16.3% CAGR during the forecast period. Full Report: https://www.kbvresearch.com/automated-fare-collection-system-market/
Automation is a set of technologies that results in operation of machines and systems without significant human intervention and achieves performance superior to manual operation.
Global Automated Fare Collection Market industry valued approximately USD 6.51 billion in 2016 is anticipated to grow with a healthy growth rate of more than 15.21% over the forecast period 20172025. Major factors propelling the growth are civil developments and largescale development in public infrastructure. Rising number of regional integration between system providers and commute agencies like railways, airports, etc also adds to positive growth.
The global Automated Fare Collection System Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2019-2025 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/406 Industry Trends Global Automated Fare Collection (AFC) System Market size was $45.2 billion for 2015 and is projected to register CAGR of about 10.4% during forecast timeframe touching $9.84 billion by 2023. Growing transport infrastructure and favourable government policies are predicted to promote the industry growth as it benefits both transport authorities and customers. Increasing choice for integrated ticketing and electronic payments will promote automated fare collection (AFC) market size in future. A main part of ITS (Intelligent Transportation System) industry, this technology is predicted to grow owing to enhanced transport infrastructure growth worldwide. But accessibility of paper ticketing systems can inhibit the industry growth.
According to the latest research report by IMARC Group, The global automated fare collection market size reached US$ 12.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.47% during 2024-2032. More Info:- https://www.imarcgroup.com/automated-fare-collection-market
Looking forward, the automated fare collection market value is projected to reach a strong growth during the forecast period (2021-2026). More info:- https://www.imarcgroup.com/automated-fare-collection-market
Looking forward, the automated fare collection market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/automated-fare-collection-market
Automated fare collection system market size was USD 4.51 billion in 2015 and is predicted to grow with 10.4% CAGR to hit USD 9.84 billion by 2023; as per a new research report by Global Market Insights, Inc.
The report covers the present scenario and the growth prospects of the AFC Systems market in China for the period 2015-2019. AFC Systems Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. Browse full report @ http://bit.ly/1FJCfOp
Get The Detailed Survey Of The Report "Global AFC Systems Market 2015-2019" By Big Market Research Order The Copy Of This Report On : http://www.bigmarketresearch.com/global-afc-systems-2015-2019-market An automatic fare collection (AFC) system automates the ticketing system in transportation networks. The AFC system improves the transaction rate, provides affordable operations, and enables more efficient fare collection. Global Automatic Fare Collection Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Growing preference for integrated ticketing and electronic payments will drive AFC system market size in the coming years. A core component of the Intelligent Transportation System (ITS) market, this technology is expected to witness growth due to increased transport infrastructure developments globally.
The global automated fare collection system market is estimated to grow with a CAGR of 11.63% during the forecast years of 2023 to 2032. Read our latest blog.
The global automated fare collection system market is estimated to grow with a CAGR of 11.63% during the forecast years of 2023 to 2032. Read our latest blog.
More Information @ http://bit.ly/2kGDpMg Modern systems are capable of calculating the best fare, based on parameters such as relevant discounts, travel length, as well as prior logs. This results in tangible benefits for transport authorities as well as customers. Transparent transport fee collection methods are most crucial factor for customer satisfaction.
Big Market Research has announced The Addition Of The Report "AFC Systems Market in China 2015-2019" To Its Offerings Order The Copy Of This Report On : http://www.bigmarketresearch.com/afc-systems-in-china-2015-2019-market About Automatic Fare Collection Systems: Automatic fare collection system is the integration of devices and software that automate the ticketing systems of transportation networks. The system is based on contactless technology and is automated to computation of fare and manually or automatically collection from travellers. Analysts forecast the AFC Systems Market in China to grow at a CAGR of 12.04 percent over the period 2014-2019.
The automated fare collection (AFC) market is anticipated to grow significantly from 2016 to 2024 owing to its increased usage in public transport. AFC system provides easy, efficient solution by eliminating manual fare collection. It has helped in reducing customer waiting time for buying tickets.
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The smart solutions market for mass transit is primarily driven by the need for better public transportation systems which would support the increasing population and urbanization around the globe. The smart solutions market for mass transit is projected to grow at a CAGR of 8.90%, to reach a market size of USD 44.78 Billion by 2021.
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Request for TOC report @ https://goo.gl/WxtkHc NFC POS terminal market is witnessing an increase in the penetration of NFC POS terminals in the transportation sector for ticketing transactions. The inclination of customers towards the use NFC-enabled smart cards in automated fare collections is likely to boost the NFC POS terminal market growth.
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Public Transportation Planning Presented by Dr. Tom V. Mathew Transportation Systems Engineering Department of Civil Engineering IIT Bombay September 2004
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Privatizing Transportation Systems Highways, Buses, Rail, water and airports: Literature Review * Transit Innovation Crisis (Contin.) Rigid commuter rail that is a ...
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FlightsLogic provides advanced Travelnxt that combines back office, online booking (B2C), and partner booking (B2B). It is a cloud-based application so you can manage all bookings at your fingertips. FlightsLogic provides Travelnxt, Online Booking Engine for Travel Agents, GDS Travel Agency System, and Internet Booking Engine For Travel Agencies globally.
... airlines (participants included American, Eastern, Trans World, United, Western) ... passenger preference parameters, flight schedules, fares and business rules ...
Trawex provides Air Ticketing Software with a modern, user-friendly interface and solid backend architecture. This Air Ticketing app allows you to check flight fares, track flight status, and easily book tickets online.
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