Automatic Fare Collection Systems Market 2015 to grow at a CAGR of 1.39% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/21/2015 -- Global Automatic Fare Collection Systems market
An automatic fare collection (AFC) system automates the ticketing system in transportation networks. Global Automatic Fare Collection Systems market to grow at a CAGR of 1.39% over the period 2014-2019. The AFC system improves the transaction rate, provides affordable operations, and enables more efficient fare collection. It also helps to broaden the customer base for transport systems and establishments. The introduction of latest technologies such as contactless technology, smartcard, and electronic payment reduces the transaction risk and cost associated with handling cash. The AFC system provides service providers with better record management and more effective operation facilities.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Automatic Fare Collection Systems market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the automatic fare collection systems software licenses, applications, services, and support and maintenance. The Global Automatic Fare Collection Systems market is divided into the following segments based on end-users: Government Sector, Healthcare Sector, Retail Sector, Telecommunication Sector, Education Sector, Corporate and Commercial Parks, BFSI Sector, and Construction Sector.
The report, 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.
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Other Prominent Vendors
CCS Challenge Card Systems
GaoXin Modern Intelligent System
GRG Banking Equipment
Nanjing Putian Telecommunications
Sanghai Huahong Jitong Smart Systems
Sanghai Huaming Intelligent Terminal Equipment
Sanghai Huateng Software Systems
Important Questions Answered in report:-
What will the expected Compound Annual Growth Rate For "Automatic Fare Collection Systems Market"?
What will the Automatic Fare Collection Systems Market size be in 2019?
What is driving this market?
What are the challenges related to Automatic Fare Collection Systems Market growth?
What are the key market trends?
Who are the key vendors in Automatic Fare Collection Systems Market area?
What are the market opportunities?
What are the strengths as well as weaknesses of the key vendors?
Which are the threats faced by the key vendors?