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Automated Fare Collection Market Size, Share, Industry Trends, Report and Forecast 2022-2027

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The new report by Expert Market Research titled, ‘Global Automated Fare Collection Market Size, Price, Share, Demand, Report and Forecast 2022-2027’, gives an in-depth analysis of the global automated fare collection market, assessing the market based on its segments like application, service type, technology, industry and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/automated-fare-collection-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

Historical Market Size (2020): USD 7.2 billion.
Forecast CAGR (2022-2027): 13.3%

Automated fare collection provides travelers access to various modes of transportation such as bus, and taxis by using tickets to pass through an automated electronic system. It offers reliable and effective payment techniques for government transport. It’s used for rail and transport, parking, and amusement park, among others.

Automated Fare Collection Industry Definition and Major Segments

Automated fare collection may be a smart technique for the payment of conveyance systems. The worldwide automated fare collection market is often segmented into the industry, service type, application, technology, and region.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/automated-fare-collection-market

On the basis of application, the industry is divided into:

Rail and Transport
Parking
Theme Park
Others

On the basis of service type, the industry is divided into:

Consulting
System Implementation
Training, Support & Maintenance
Managed Services

On the basis of technology, the industry is divided into:

Near-Field Communication (NFC)
Magnetic Stripes
Others

On the basis of industry, the industry is divided into:

Transportation and Logistics
Government
Media & Entertainment
Retail
Others

The regional markets for automated fare collection include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Automated Fare Collection Market Trends

The automated fare collection market is expected to grow with the increasing government initiatives on investments in automated fare collection. The opposite factors like enjoying cashless travel facilities and reduction in environmental pollution are providing further impetus to the market. The slow growth of the industry in weaker economies owing to high installation costs might affect its penetration over the forecast period.

Key Market Players

The major players in the market are Advanced Card Systems Limited, Cubic Corporation, LG CNS, NXP Semiconductors N.V., OMRON Corporation, SAMSUNG SDS America, Inc., Scheidt & Bachmann GmbH, Thales Group, and LECIP Holdings Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

About Post Author

Nadan Niazi

Hii I am Nadan NiaziI am a professional writer and blogger. I’m researching and writing about innovation, business, and financing the latest Blockchain marketing trends.
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Nadan Niazi
Nadan Niazihttps://bit.ly/3V5WB2X
Hii I am Nadan NiaziI am a professional writer and blogger. I’m researching and writing about innovation, business, and financing the latest Blockchain marketing trends.

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