The global automated fare collection system market is projected to grow at a compound annual growth rate (CAGR) of 9% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Automated Fare Collection System Market 2021-2027’. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.

The automated fare collection system market is segmented on the basis of application, technology platform, component, and region. The automated fare collection system market is segmented as below:

By Application:

- Bus

- Car Rental

- Toll

- Train

- Others

By Technology Platform:

- Near Field Communication (NFC)

- Optical Character Recognition (OCR)

- Smart Card

- Others

By Component:

- Hardware

- Software

By Region:

- Asia-Pacific

- Europe

- North America

- Middle East and Africa (MEA)

- South America

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The automated fare collection system industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the automated fare collection system market. Some of the leading players profiled in the report include ATOS SE, Cubic Transportation Systems, Inc., dormakaba Holding AG, Lecip Holdings Corporation, LG CNS, NXP Semiconductors N.V., Omron Corporation, Thales Group, among others.

Historical & Forecast Period

This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global automated fare collection system market.

- To classify and forecast the ‘Global Automated Fare Collection System Market’ based on application, technology platform, component, and region.

- To identify drivers and challenges for the global automated fare collection system market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global automated fare collection system market.

- To conduct pricing analysis for the global automated fare collection system market.

- To identify and analyse the profile of leading players operating in the global automated fare collection system market.

For More Information, refer to below link:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/global-automated-fare/476396-100.html

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