Automated Fare Collection Market PPT: Overview, Dynamics, Trends, Segmentation, Application and Forecast to 2032

The global automated fare collection market size reached US$ 12.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.47% during 2024-2032.

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1. Global Automated Fare Collection Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

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3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Automated Fare Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global automated fare collection market size reached US$ 12.1 Billion in 2023. An automatic fare collection (AFC)system refers to a contactless software-based ticketing system that is used for collecting fare payments while replacing conventional ticketing solutions with automated ticketing. It is commonly deployed at entry and exit points of public transport units that consist of automatic gate machines, recharging terminals, ticket checking machines and ticket vending machines. These machines are commonly compatible with a vast array of payment methods that provide enhanced convenience to the users. Their usage also facilitates improved transaction rate and excellent operational transparency while offering cost- and time-efficiency to the travelers. Request for a PDF sample of this report: https://www.imarcgroup.com/automated-fare-collection-market/requestsample

4. Report Description Global Automated Fare Collection Market Trends : The global market is majorly driven by rapid digitization and the widespread adoption of automation across the globe. With the busy and hectic lifestyles led by the working professionals, there has been a rising need for convenient and user-friendly modes of fare collection across public transport terminals. This has impelled the deployment of AFC systems at the entry and exit points of transport terminals in an attempt to minimize the wastage of time waiting in queues and ensure contactless and hassle-free payment solutions. Moreover, the continual developments in the existing public transport infrastructure and the widespread usage of smartphone applications for accessing travel route information and online booking of tickets are creating a positive outlook for the market. Furthermore, the increasing integration of advanced technologies with AFC systems is also acting as a major growth-inducing factor. For instance, the growing preference for open road tolling (ORT) and near-field communication (NFC) systems are increasingly being deployed at toll booths to facilitate free-flowing toll collection and minimize traffic congestion. Some of the other factors contributing to the market growth include the rising demand for fare collection systems with low fraud rates and the rapid expansion of smart cities on the global level. Looking forward, the market is expected to reach a value of US$ 33.1 Billion by 2032, registering a CAGR of 11.47% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/automated-fare-collection-market

5. Report Segmentation Breakup by Component: Hardware Software and Services   Breakup by System Type: Ticket Vending Machine (TVM) Ticket Office Machine (TOM) Fare Gates IC Cards Breakup by Technology: Smart Card Magnetic Stripe Near Field Communication (NFC) Others

6. Report Segmentation Breakup by Application: Railways and Transportation Parking Entertainment Others Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

7. Competitive Landscape with Key Players Advanced Card Systems Limited (HNA Technology Investments Holdings) Atos SE Cubic Corporation Indra Sistemas SA Nippon Signal Co. Ltd. NXP Semiconductors N.V. Omron Corporation Scheidt & Bachmann GmbH Siemens AG Sony Corporation STMicroelectronics Thales Group.

8. Key Questions Answered in the Report

9. Key Questions Answered in the Report

10. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Automated Fare Collection Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Component 6.1 Hardware 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software and Services 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by System Type 7.1 Ticket Vending Machine (TVM) 7.1.1 Market Trends 7.1.2 Market Forecast        

11. Table of Contents 7.2 Ticket Office Machine (TOM) 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Fare Gates 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 IC Cards 7.4.1 Market Trends 7.4.2 Market Forecast 8 Market Breakup by Technology 8.1 Smart Card 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Magnetic Stripe 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Near Field Communication (NFC) 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Others 8.4.1 Market Trends 8.4.2 Market Forecast 9 Market Breakup by Application 9.1 Railways and Transportation 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Parking 9.2.1 Market Trends 9.2.2 Market Forecast For more information, visit : https://www.imarcgroup.com/automated-fare-collection-market/toc

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