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AFC Systems Market in China 2015-2019 Industry Key Trends, Size, Growth, Shares and Forecast Research Report

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Albany, NY -- (SBWIRE) -- 04/13/2015 -- 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. The systems consists of automatic or semi-automatic ticket vending machines, automatic entry and exit gates, station and central server. An AFC system helps to improve rate of transaction, provide affordable operations and collect fares more efficiently. In addition, it helps to broaden the customer base for transport systems and establishments, as it provides end-users with easy operations. With the introduction of latest technology such as contactless technology, smartcard, and electronic payment, it helps to lessen the transaction risk and cost associated with handling cash. AFC systems market in China is expected to grow at a much rapid pace with the increased infrastructure investments by the China government in recent years.

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Market analysts forecast the AFC Systems Market in China to grow at a CAGR of 12.04 percent over the period 2014-2019.

Covered in this Report
This report covers the present scenario and the growth prospects of the AFC Systems market in China for the period 2015-2019. To calculate the market size, the report considers the AFC Systems market in China, the Global AFC Systems market, revenue generated from enterprise business, software, application, updates, and subscription revenue.

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New report, AFC Systems Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.

Key Vendors
GRG Banking Equipment
Shanghai Huahong Jitong Smart System
Shanghai Huaming Intelligent Terminal Equipment
Shanghai Potevio

Other Prominent Vendors
China Academy of Railway Sciences (CARS)
China National Software & Service
Cubic Transportation Systems (Beijing)
Founder International
GaoXin Modern Intelligent System
Nanjing Thales Panda Transportation System
Samsung SDS China
Shandong New Beiyang Information Technology
Shanghai Huateng Software Systems
Shenzhen Modern Computer Manufacturer

Market Driver
Growth in Rail Traffic Volume
For a full, detailed list, view our report

Market Challenge
Additional or Unanticipated System Requirements
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Market Trend
Increased Adoption for Contactless Technology
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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