Global Automated Fare Collection System Market Size, Competitive Analysis, Share, Forecast- 2019-2025

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2. Global Automated Fare Collection System Market Size, Competitive Analysis, Share, Forecast- 2019-2025 Request a Free Sample @ https://www.omrglobal.com/request-sample/automated-fare- collection-system-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404 The global automated fare collection system market is projected to grow at a significant CAGR during the forecast period. The contactless end-to-end solution for the collection of fare and alternate solutions for the traditional ticketing system is the automated fare collection system. The systems include ticket vending machines and ticket checking machines, automatic gate machines, and recharging terminals. It aids in providing efficiency to the fare collection and enhances overall transaction rates. Get Free Sample Copy @https://www.omrglobal.com/request-sample/automated-fare- collection-system-market The primary factors that drive the growth of the overall market include the supportive government initiatives that are engaged in the development of sustainable and smart transportation infrastructure. For instance, the government in UK and the Netherlands have introduced these systems to provide smart card technology for the authorities. Further, the increased use of advanced fare collection technologies such as smartcards and electronic payment systems and the growing usage of smartphones for accessing travel information applications are likely to enhance the overall growth of the market during the forecast period.

3. Browse for Full Report Description@ https://www.omrglobal.com/industry- reports/automated-fare-collection-system-market However, some of the factors that may negatively affect the growth of the market include higher installation and maintenance costs. These systems require higher costs than the overall toll collection systems due to which there may be some delay or may decrease the adoption of these systems. Besides, the various facilities and efficiency provided by these, such as smaller queues and waiting time are the factors that are likely to provide growth opportunities for the market growth in the near future. Market Segmentation Global Automated Fare COLLECTION System Market by Technology Magnetic Strip Smart Cards Optical Character Recognition (OCR) Near Field Communication (NFC) Global Automated Fare COLLECTION System Market by Application Railway & Transport Parking Entertainment Others (Toll Collection on Highways) Regional Analysis North America United States Canada Europe UK Germany Italy

4. Spain France Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific Rest of the World Company Profiles Advanced Card Systems Ltd. Advantech Co. Ltd. Atos SE Cubic Corp. Eurotech Group GMV Group LECIP Holdings Corp. Mikroelektronika spol. s r.o. NEC Corp. Nippon Signal Co. Ltd. NXP Semiconductors NV Scheidt & Bachmann GmbH Smartrac Technology GmbH SWARCO AG Telexis B.V., Thales Group Trapeze Group Xerox Corp.

5. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automated-fare-collection-system- market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404