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Global Automated Fare Collection Market Size, Share, Trends, Industry Statistics Report, By Service Type (Managed, Consulting, System Implementation); By Technology (Near Field Communication, Magnetic Stripes, Others); Regional Analysis (North America - U.S, Canada, Other) (Asia-Pacific - India, Japan, China, South Korea, Japan, Australia, and Other) (Europe - U.K., Germany, Netherlands, Lithuania, Austria, Belgium, Poland, Sweden, Spain, France, Russia and Other) (Middle East - Saudi Arabia, UAE and Africa - South Africa, Zimbabwe and RoW) - Global Industry Insights, Trends and Forecast, 2019-2025

Report Format : PDF
Published Date : Dec-2018
Pages : 174
Report ID : VSR00914

Global Automated Fare Collection Market Size is estimated to expand rapidly in coming years, at a CAGR of 19.6 % from 2018 to 2025. In 2017, the global market valuation was USD 11.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. An automated ticket collection system is the collection of parts that automate a public transport network's ticketing scheme-an automated version of manual ticket collection. An automated ticket collection system is generally the foundation for integrated ticketing. Automated fare collection offers are deployed by retailers consisting of multiple apps such as railroad systems, amusement park systems, retail apps, parking accessibility schemes, and automatic government and product shipping, which in turn provides income to electronic ticket collection suite suppliers. Geographically, North America is expected to be the highest growing region in the global market of automated fare collection.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Global Automated Fare Collection Market Size, Share, Trends, Industry Statistics Report

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global automated fare collection market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automated fare collection market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Service Type Insights: On the basis of service type, global automated fare collection market has been segmented into managed, consulting, and system implementation. Among which managed service type segment is expected to grow with high CAGR in the forecast period. Companies and organizations are progressively adopting automated ticket distribution applications and services in multiple vertical industries such as travel & logistics, media & entertainment, retail, government, and others.

By Technology Insights: On the basis of technology, global automated fare collection market has been segmented into field communication, magnetic stripes, others. Among which the magnetic stripes segment is expected to grow at higher CAGR in the forecast period. With consumers quickly embracing AFC apps and services, service suppliers are able to consolidate, centralize and handle their huge information, reducing income leakage.

Regional Analysis

The automated fare collection market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time span. Significant players in the region have introduced new products and offer to reinforce their product range and extend their products to new customers.

Asia Pacific region is expected to witness high growth in the market in the forecast period. Asia-Pacific provides potential growth possibilities as businesses in the APAC region are turning to AFC applications and utility suppliers to deliver a standard of quality, efficiency and capability services. Europe is anticipated to dominate the global automated fare collection market over the projected period majorly owing to high investments by key players in the region as well as increasing R&D activities by government and private sector.

Global Automated Fare Collection Market Size, Share Analysis by Region 2017

Global Automated Fare Collection Market Size, Share, Trends, Industry Statistics Report

Global Automated Fare Collection Market Study Objective

1. To forecast the market size of automated fare collection market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of the automated fare collection market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of automated fare collection market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of automated fare collection market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the automated fare collection market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Advanced Card Systems Ltd., Atos SE, Cubic Transportation Systems, LG CNS, NXP Semiconductors, Omron Corp., Samsung SDS, Scheidt & Bachmann, Thales Group, and LECIP Group are some of the key players in the market of automated fare collection.

Global Automated Fare Collection Market Study Report Offer You!

The global automated fare collection market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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Global Automated Fare Collection Market Size, Share, Trends, Industry Statistics Report, By Service Type (Managed, Consulting, System Implementation); By Technology (Near Field Communication, Magnetic Stripes, Others); Regional Analysis (North America - U.S, Canada, Other) (Asia-Pacific - India, Japan, China, South Korea, Japan, Australia, and Other) (Europe - U.K., Germany, Netherlands, Lithuania, Austria, Belgium, Poland, Sweden, Spain, France, Russia and Other) (Middle East - Saudi Arabia, UAE and Africa - South Africa, Zimbabwe and RoW) - Global Industry Insights, Trends and Forecast, 2019-2025

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Global Automated Fare Collection Market Size, Share, Trends, Industry Statistics Report, By Service Type (Managed, Consulting, System Implementation); By Technology (Near Field Communication, Magnetic Stripes, Others); Regional Analysis (North America - U.S, Canada, Other) (Asia-Pacific - India, Japan, China, South Korea, Japan, Australia, and Other) (Europe - U.K., Germany, Netherlands, Lithuania, Austria, Belgium, Poland, Sweden, Spain, France, Russia and Other) (Middle East - Saudi Arabia, UAE and Africa - South Africa, Zimbabwe and RoW) - Global Industry Insights, Trends and Forecast, 2019-2025

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