Automated Fare Collection Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-954 | Report Format : | Status : Upcoming |

Abstract

Global Automated Fare Collection Market: Overview

Automated fare collection is the automated version of the manual fare collection. It is an automated process of collecting fares mainly adopted in the public transportation network. This automated process makes the ticketing system fast and efficient in the public transportation such as metro, buses, and rail. The automated fare collection system ensures security as well as managing of funds collected by the transport fare media and sales.

Global Automated Fare Collection Market: Growth Factors

The factors expected to escalate the global automated fare collection market across the globe are the awareness regarding its technological advancements and adoption. The automated fare collection systems benefit in the retail system, traffic management system, commercial vehicle operation, theme park, public transportation system, and automated transportation pricing system which is expected to fuel the global market growth. The demand for accurate, reliable, and error-free systems boosts the global automated fare collection market. The higher security issues during the fare collection are expected to drive the global market. The major factor responsible for the growth of the global automated fare collection market is the strict government standards and regulations set up for various industries. The new payment gateways which include the use of debit, credit, or other bank cards escalate the growth of the global automated fare collection market. The low operating expenses, high return on investments, and improved performance attribute the global market growth. The reduced operating cost, low maintenance cost, and reduced frauds drive the global automated fare collection market.

Global Automated Fare Collection Market: Segmentation

The global automated fare collection market is segmented based on service type, application, vertical, technology type, and region. The service type segment is divided into training, support, and maintenance, managed service, consulting, and system implementation. The application segment is categorized into theme park applications, parking applications, rail and transport, and others. The vertical segment is classified as retail, media and entertainment, government, transportation and logistics, and others. The technology type segment is bifurcated into magnetic stripes, near field communication, and others. The regional segmentation includes North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. The rail and transport segment dominate the global automated fare collection market.

Global Automated Fare Collection Market: Regional Analysis

North American region lead the global automated fare collection market owing to its adoption of the newest technological advancements. The main reason for the growth in this region is the stringent government regulations for the various industries. The government regulatory bodies in the regions such as the U.S., China, and India aim to develop the transportation infrastructure as well as security systems which in turn fuel the global market growth.

Global Automated Fare Collection Market: Competitive Players

The key market players in the global automated fare collection market include Samsung SDS, Cubic Corporation, ST Electronics, Omron Corporation, NXP Semiconductor, LG Corporation, Atos SE, Fare Logistics, and Thales Groups. The other companies that dominate the global market include Vix Technology, Trapeze Group, Advance Cards Systems Ltd., and Scheidt & Bachmann GmbH.

Global Automated Fare Collection Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Testimonials to companies in order to fortify their foothold in the market.


Related Reports

Cyber Security in Healthcare Market – by Deployment (On-Premise and Cloud-Based), by Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, and Wireless Security), and by End-User (Pharmaceutical & Chemical Manufactures, Medical Device Companies, Health Insurance Companies, Hospitals & Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Nov-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3505 | Report Format:

The report covers a forecast and an analysis of the cyber security in healthcare market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for cyber s...Read More

4K Set-Top Box Market –By Product (Internet Protocol Television (IPTV), Digital Terrestrial Television (DTT), Over-The-Top Set-Top Boxes (OTT), Satellite, and Hybrid) andby Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis,and Forecast, 2017 – 2024

Nov-2018 | Price : $ 4899.00 | Pages: 184 | Report Code: ZMR-3499 | Report Format:

The report analyzes and forecasts4K set-top box market on the basis of product, application, and region. The study shows past data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). Assessment of market dynamics gives a brief thought about the drivers and res...Read More

Cash & Coin Deposit Bags Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3492 | Report Format:

Global Cash Coin Deposit Bags Market: Overview Pharmaceutical distribution bags and strap bags are expected to witness an increased demand in the upcoming years. This is due to the presence of tamper evidence characteristic of these bags. The global popularity of the cash coin deposit bags mar...Read More

Artificial Intelligence (AI) In Supply Chain Market By Technology (Machine Learning, Computer Vision, Natural Language Processing, and Others), By Application (Supply Chain Planning, Warehouse Management, Virtual Assistant, Fleet Management, Risk Management, and Others), By Vertical (Automotive, Manufacturing, Healthcare, Retail, Food and Beverages, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Oct-2018 | Price : $ 4899.00 | Pages: 183 | Report Code: ZMR-3481 | Report Format:

The report covers the forecast and analysis for the AI in supply chain market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the AI in supply ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.