Global Automated Fare Collection Market Size study, by Component (Hardware, Software) by Technology (Smart Card, Magnetic Stripe, Near Field Communication (NFC), Optical Character, Recognition (OCR)) by System (Ticket Vending Machine (TVM), Ticket Office Machine (TOM), Fare Gates, IC Card) by End-Use (Railways & Transportation, Parking, Entertainment, Others) and Regional Forecasts 2021-2027
London, UK -- (SBWIRE) -- 01/12/2022 -- Global Automated Fare Collection Market is valued at approximately USD 10.52 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.6 % over the forecast period 2021-2027. According to Statista, the total digital transaction value is expected to show an annual growth rate (CAGR 2021-2025) of 12.24% resulting in an estimated total amount of USD 10,71.3 billion by 2025. The research file on the Automated Fare Collection market highlights specific understandings of the deciding elements including size, shares, income, forecast fashion, delivery, production, needs, industry, and CAGR to provide a worldwide outlook of the comprehensive market. Suppliers, vendors, and fundamental market individuals also are represented. The file's unique statistics are being robotically and scientifically evaluated to benefit better know-how of the global market. The study also is going over the factors so that they will affect the market's future nation over the forecast duration. The market studies file delves deeply into the competitive landscape through competitor profiles within the forecast period 2021-2027.
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In addition, the file examines the corporation's evaluation, financials, marketability, new market tasks, current development, worldwide presence, product launches, and application dominance. The report delves deeply into nearby market price chain analysis, business execution, and supply chain analysis. The look investigates the fundamental trends influencing the market boom over the forecast period 2021-2027. The record investigates essential dynamics within the Automated Fare Collection industry, which includes key market members, key stakeholders, and emerging players, as well as drivers, restraints, and opportunities over the forecast period 2021-2027.
Major market player included in this report are:
Cubic Corporation (US)
Indra Sistemas (Spain)
ST Electronics (Singapore)
Longbow Technologies S/B (Malaysia)
Samsung SDS (Korea)
Advanced Card Systems Ltd. (Hong Kong)
Near Field Communication (NFC)
Optical Character Recognition (OCR)
Ticket Vending Machine (TVM)
Ticket Office Machine (TOM)
By End Use:
Railways & Transportation
To cover all elements of the industry and offer readers a complete market statistics approach, the worldwide Automated Fare Collection market is divided into numerous categories. The market trends, market dynamics, and the market forecast period 2021-2027 are included in the report.
The Automated Fare Collection market file consists of enterprise profiles with vital facts including product portfolios and key techniques, in addition to a radical SWOT analysis of each participant. This large studies study is supplemented by a list of key market members and their product portfolios. These comprehensive studies take a look at is supplemented by using a list of key market players, in addition to their product portfolios.
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By analyzing market percentages and evaluating the most important players in the document, readers can take proactive steps to boost their activities in the Automated Fare Collection market. By reading market share and evaluating the most important players in the record, readers can take active steps to strengthen their groups. The document includes organization profiles with vital statistics consisting of product portfolios and key strategies, in addition to a thorough SWOT analysis of each participant within the forecast period 2021-2027.
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