The Global Transit Cards Market to grow at a CAGR of 8.06% during the period 2016-2020.To calculate the market size, the report considers the revenue generated from the sales of contactless and contact-based smart cards in the transportation sector, especially public transportation. However, it does not consider the revenue generated from contactless POS validators and near-field communication (NFC) payments in the transportation sector.
Pune, India -- (SBWIRE) -- 10/18/2016 -- The Global Transit Cards Market report covers the present scenario and the growth prospects of the Transit Cards for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors. The Transit Cards Market to grow at a CAGR of 8.06% during the period 2016-2020.
The increase in population and urbanization has resulted in the growing need for mobility. Public transportation has become the most preferred mode of transportation for people to avoid problems such as air pollution and traffic congestion. Traveling by buses, trains, and metros is often more comfortable, convenient, and cost-effective. To make traveling for people more convenient and comfortable, public transport systems use modern ticketing systems such as contactless ticketing, which allows high passenger throughput.
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The report provides a basic overview of the Transit Cards including definitions, classifications, applications and market Sales chain structure. The Transit Cards report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
Transit Cards Market Opportunities:
With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report.
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Top players in Transit Cards Industry
- Giesecke & Devrient
Other prominent vendors
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies
The Transit Cards is divided into the following segments based on geography:
In the end, the report makes some important proposals for a new project of Transit Cards Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Transit Cards industry covering all important parameters.
Factors driving Transit Cards market
- Need to reduce identity duplication
Challenges faced by key vendors that restrain Transit Cards Industry
- High cost of implementation
Rising trends in market
- Emergence of contactless smart cards in transportation sector
Key questions answered in this Transit Cards report
- What will the market size be in 2020 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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