Automated Fare Collection Market Market Size Worth USD 13,594 million by 2026 | CAGR: 10.9%
Automated Fare Collection Market Size Worth USD 13,594 million by 2026
“According to Polaris Market Research report, Automated Fare Collection is one of
the rapidly evolving industry and the global Automated Fare Collection Market is estimated to reach USD 13,594 million by 2026 registering a healthy CAGR of 10.9% over the forecast period 2017 to 2026� The global Automated Fare Collection Market is driven by certain key factors such as technological innovation in the Automated Fare Collection industry, favorable regulatory scenario encouraging market players to develop new products, and efforts by manufacturers to boost the adoption of their offerings.
Additionally, industry players are working on business expansion to target untapped
markets and managing to deliver their products & services worldwide to augment their revenues.
Automated Fare Collection Market Report Scope: The research report covers the segmentation of the Automated Fare Collection Market based on component, technology, end user, and geography and region. Analysis of each of the segments projects the snapshot of the market over the forecast years includes the inclination of the market revenue, prevailing patterns, and emerging trends. Increasing consumer awareness regarding products coupled with a rise in disposable income is projected to propel the growth of the Automated Fare Collection Market over the forecast period.
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Automated Fare Collection Market Size Worth USD 13,594 million by 2026
By Component •
Hardware
•
Software
•
Services
By Technology •
Near-Field Communication (NFC)
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Smart Cards
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Magnetic Strips
•
Optical Character Recognition (OCR)
•
Others
By End-Use
By Region
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Public Transport Authority
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North America (U.S., Canada)
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Private Transport Authority
•
•
Others
Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
•
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
•
Latin America (Brazil, Mexico, Argentina)
•
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Browse Detailed Research Report On Automated Fare Collection Market Analysis: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market
Regional Outlook North America is anticipated to witness a significant growth rate with major revenue contribution in the Automated Fare Collection Market during the forecast period. Major factors influencing the regional market growth include improved infrastructural facilities, positive government initiatives, and the presence of established market players. The Automated Fare Collection Market in the Asia Pacific region is projected to grow at a substantial rate over the forecast period. The regional growth is attributed to increasing investments by leading companies to bring innovation in Automated Fare Collection industry and attract a large consumer base from leading economies such as India and China. Gain access to our latest research report that includes a detailed analysis of the COVID-19 pandemic influencing the Automated Fare Collection Market and how market players devising effective strategies to mitigate the effect of the pandemic: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collectionmarket/speak-to-analyst
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Automated Fare Collection Market Size Worth USD 13,594 million by 2026
Competitive Landscape According to Polaris Market Research, the key players with a considerable market share in the Automated Fare Collection Market include (Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others).Companies are focusing on R&D activities and strategic collaborations to improve their product portfolio and increase consumer base. Adoption of the latest technologies and product advancement is the key strategy adopted by leading market players. Request for sample: https://www.polarismarketresearch.com/industry-analysis/automatedfare-collection-market/request-for-sample
Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-away 1.5. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Automated Fare Collection Market Insights 3.1. Automated Fare Collection – Industry snapshot 3.2. Automated Fare Collection - Ecosystem analysis 3.3. Automated Fare Collection Market Dynamics 3.3.1. Automated Fare Collection – Market Forces 3.3.1.1. Automated Fare Collection Market Driver Analysis 3.3.1.2. Automated Fare Collection Market Restraint/Challenges analysis 3.3.1.3. Automated Fare Collection Market Opportunity Analysis 3.3.2. Industry analysis - Porter's five force 3.3.2.1. Bargaining power of supplier 3.3.2.2. Bargaining power of buyer 3.3.2.3. Threat of substitute 3.3.2.4. Threat of new entrant 3.3.2.5. Degree of competition 3.3.3. Automated Fare Collection Market PEST Analysis, 2017 3.3.4. Automated Fare Collection Market Value Chain Analysis 3.3.5. Automated Fare Collection Industry Trends 3.3.6. Competitive Ranking Analysis 4. Automated Fare Collection Market Size and Forecast, 2017-2026 by Component 4.1. Key Findings 4.2. Hardware -4-
Automated Fare Collection Market Size Worth USD 13,594 million by 2026
4.3. Software 4.4. Services 4.4.1. System Integration 4.4.2. Consulting 4.4.3. Managed Services 4.4.4. Training, Support & Maintenance 4.5. Automated Fare Collection Market Size and Forecast, 2017-2026 by Technology 4.5.1. Key Findings 4.5.2. Near-Field Communication (NFC) 4.5.3. Smart Cards 4.5.4. Magnetic Strips 4.5.5. Optical Character Recognition (OCR) 4.5.6. Others 4.6. Automated Fare Collection Market Size and Forecast, 2017-2026 by End-User 4.6.1. Key Findings 4.6.2. Public Transport Authority 4.6.3. Private Transport Authority 4.6.4. Others 4.7. Automated Fare Collection Market Size and Forecast, 2017-2026 by Region 4.7.1. Key Findings 4.7.2. North America 4.7.2.1. U.S. 4.7.2.2. Canada 4.7.2.3. Mexico 4.7.3. Europe 4.7.3.1. Germany 4.7.3.2. UK 4.7.3.3. France 4.7.3.4. Italy 4.7.3.5. Rest of Europe 4.7.4. Asia-Pacific 4.7.4.1. China 4.7.4.2. India 4.7.4.3. Japan 4.7.4.4. Rest of Asia-Pacific 4.7.5. Latin America 4.7.5.1. Brazil 4.7.6. Middle East & Africa 4.8. Company Profiles 4.8.1. Thales Group 4.8.1.1. Overview 4.8.1.2. Financials 4.8.1.3. Product Benchmarking 4.8.1.4. Recent Developments 4.8.2. Longbow Technologies S/B 4.8.2.1. Overview 4.8.2.2. Financials 4.8.2.3. Product Benchmarking 4.8.2.4. Recent Developments 4.8.3. Cubic Corporation 4.8.3.1. Overview 4.8.3.2. Financials 4.8.3.3. Product Benchmarking 4.8.3.4. Recent Developments 4.8.4. Advanced Card Systems Holdings Limited -5-
Automated Fare Collection Market Size Worth USD 13,594 million by 2026
4.8.4.1. Overview 4.8.4.2. Financials 4.8.4.3. Product Benchmarking 4.8.4.4. Recent Developments 4.8.5. Atos SE 4.8.5.1. Overview 4.8.5.2. Financials 4.8.5.3. Product Benchmarking 4.8.5.4. Recent Developments 4.8.6. Indra Sistemas SA 4.8.6.1. Overview 4.8.6.2. Financials 4.8.6.3. Product Benchmarking 4.8.6.4. Recent Developments 4.8.7. UL Transaction Security 4.8.7.1. Overview 4.8.7.2. Financials 4.8.7.3. Product Benchmarking 4.8.7.4. Recent Developments 4.8.8. Siemens AG 4.8.8.1. Overview 4.8.8.2. Financials 4.8.8.3. Product Benchmarking 4.8.8.4. Recent Developments 4.8.9. Samsung SDS Co. Ltd. 4.8.9.1. Overview 4.8.9.2. Financials 4.8.9.3. Product Benchmarking 4.8.9.4. Recent Developments 4.8.10. GMV Innovating Solutions 4.8.10.1. Overview 4.8.10.2. Financials 4.8.10.3. Product Benchmarking 4.8.10.4. Recent Developments 4.8.11. Masabi Ltd. 4.8.11.1. Overview 4.8.11.2. Financials 4.8.11.3. Product Benchmarking 4.8.11.4. Recent Developments 4.8.12. Omron Corporation 4.8.12.1. Overview 4.8.12.2. Financials 4.8.12.3. Product Benchmarking 4.8.12.4. Recent Developments Access Press Release on Automated Fare Collection Market: https://www.polarismarketresearch.com/press-releases/global-automated-fare-collectionmarket
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Automated Fare Collection Market Size Worth USD 13,594 million by 2026
About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com
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