An automatic fare collection (AFC) system automates the ticketing system in transportation networks. The AFC system improves the transaction rate, provides affordable operations, and enables more efficient fare collection. It also helps to broaden the customer base for transport systems and establishments. The introduction of latest technologies such as contactless technology, smartcard, and electronic payment reduces the transaction risk and cost associated with handling cash. The AFC system provides service providers with better record management and more effective operation facilities.
The analysts forecast Global Automatic Fare Collection Systems market to grow at a CAGR of 1.39 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Automatic Fare Collection Systems market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the automatic fare collection systems software licenses, applications, services, and support and maintenance. The Global Automatic Fare Collection Systems market is divided into the following segments based on end-users: Government Sector, Healthcare Sector, Retail Sector, Telecommunication Sector, Education Sector, Corporate and Commercial Parks, BFSI Sector, and Construction Sector.
The report, Global Automatic Fare Collection Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Thales Group
Other Prominent Vendors
- Busan Transportation
- Caravan KDE
- CCS Challenge Card Systems
- Founder International
- GaoXin Modern Intelligent System
- GRG Banking Equipment
- KML Engineering
- Nanjing Putian Telecommunications
- Nippon Signal
- Samsung SDS
- Sanghai Huahong Jitong Smart Systems
- Sanghai Huaming Intelligent Terminal Equipment
- Sanghai Huateng Software Systems
- ST Electronics
- Need for Substantial Cost Reduction
- Issues with System Integration
- Outsourcing of AFC Systems Solution
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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