The Automated Fare Collection Market Research Report assist clients in predicting investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This market research report has the consistent knowledge of what the market expects, what is already available, the competitive environment, and what can be done to outshine the competition. While delivering this report, solid commitment to is given to the clients that improve a customer experience. By understanding the importance of sound facts and figures they are accurately inserted in the Automated Fare Collection market report.
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The automated fare collection market size is valued at USD 25,197.92 million by 2028 and is expected to grow at a compound annual growth rate of 13.20% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automated fare collection market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the markets growth.
The automated fare collection is a type of a system which is used to automate the ticketing system. This system consists of ticket checking machines, ticket vending machines, automatic gate machines and recharging terminals.
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The automated fare collection market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the increase in investment emphasis on automated fare collection by various governments. In addition, the decrease in environmental pollution and various benefit of cashless travel facility are also largely influencing the growth of the automated fare collection market. Also the rise in need for solutions enabling congestion-free traffic is another driver anticipated to flourish the automated fare collection market growth. Additionally, the development in the transport infrastructure and security system and flexible fare plans are also expected to boost the growth of the automated fare collection market in the above mentioned forecast period.
However, the market of automated fare collection though has certain limitations which are expected to obstruct the potential growth of the market such as the high installation cost and slow growth in the developing and underdeveloped countries, whereas the lack of inter-operability and standardization among automated fare collection products can challenge the growth of the automated fare collection market in the above mentioned forecast period.
In addition, the need for public-private partnerships and rapid shift toward open road tolling are projected to offer various growth opportunities for the automated fare collection market in the forecast period of 2021 to 2028.
Automated Fare Collection Market Scope and Segmentation:
The automated fare collection market is segmented on the basis of component, service type, system, technology, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the automated fare collection market is segmented into hardware and software.
- The automated fare collection market is segmented on the basis of service type into consulting, system implementation, training, support, and maintenance and managed services.
- On the basis of system, the automated fare collection market is segmented into ticket vending machine (TVM), ticket office machine (TOM), fare gates and IC cards.
- Based on technology, the automated fare collection market is segmented into near-field communication (NFC), magnetic stripes, smart card, optical character recognition (OCR) and others.
- Based on application, the automated fare collection market is segmented into rail and transport, parking, theme park and others. Rail and transport has further been segmented into ticket vending machine, automatic collection gate, passenger service machine and smart card ticketing. Parking has further been segmented into parking entry/exit barriers, auto pay machine and ticket validating machine.
- Based on end user, the automated fare collection market is segmented into transportation and logistics, government, media and entertainment, retail and others.
Automated Fare Collection Market Country Level Analysis
- North America (United States, Canada & Mexico)
- Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
- Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
- Central & South America (Brazil, Argentina, LATAM etc.)
- Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)
Leading Key Players Operating in the Automated Fare Collection Market Includes:
The major players covered in the automated fare collection market report are Cubic Corporation, Indra, Thales Group, GMV, ST Engineering, Atos SE, Longbow Technologies Sdn Bhd, Samsung, Genfare, Advanced Card Systems Ltd., NIPPON SIGNAL CO., LTD., OMRON Corporation, Vix Technology, Scheidt & Bachmann GmbH, Siemens, NXP Semiconductors, LG CNS, Sony Corporation, LECIP HOLDINGS CORPORATION, and Masabi Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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The Automated Fare Collection Market research covers a comprehensive analysis of the following facts:
- Historical and future projections of the Automated Fare Collection Market
- Categorization of the Automated Fare Collection Market to highlight the growth opportunities and trends influencing these segments
- Varying consumption pattern of customers in various regions
- Geographic analysis in terms of growth outlook, Automated Fare Collection Market share, and major countries
- Product launches, partnerships, mergers and acquisitions, and research and development projects of different Automated Fare Collection Market players
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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