Automated Fare Collection Market [By Component (Hardware, Software, Services); By Technology

Automated Fare Collection Market Set to Reach USD 13,594 million by 2026 | CAGR: 10.9%

“Automated Fare Collection Market [By Component (Hardware, Software, Services); By Technology (Near Field Communication (NFC), Smart Cards, Magnetic Strips, Optical Character Recognition (OCR), Others); By End-User (Public Transport Authorities, Private Transport Authorities, Others); By Regions]: Market size & Forecast, 2017 – 2026”

Automated Fare Collection Market Estimate & Forecast According to the latest report by Polaris Market Research, the global Automated Fare Collection Market is growing at a faster pace and is projected to reach USD 13,594 million by 2026 registering a significant CAGR of 10.9% during the forecast period 2017 to 2026 The global market report provides a comprehensive evaluation of the market for the forecast period which comprises of analysis of the industry in terms of factors and trends that are playing a vital role in the overall progress of the market. This report provides a key analysis of the current dynamics, major segments, competitive landscape, major innovations, COVID19 pandemic impact, and other factors that are playing a crucial role for the market. Huge investments in R&D activities, the presence of leading global players, significant progress in terms of technological advancements, and supportive government policies are creating a positive outlook for the overall growth of the Automated Fare Collection Market. An extensive research report on the Automated Fare Collection Market sheds light on the micro and macro aspects of the industry. The report presents in-depth insights into the market using the assessment of Porter’s Five Forces model and SWOT analysis. The vital information featured in the report will help industry leaders in their decision-making process Copyright © Polaris Market Research & Consulting LLP 2020. All Rights Reserved and businesses to devise their future strategies.

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Automated Fare Collection Market Scope By Component

By Technology

By End-User

• Hardware • Software • Services

• Near-Field Communication • Public Transport Authority (NFC) • Private Transport Authority • Smart Cards • Others • Magnetic Strips • Optical Character Recognition (OCR) • Others

By Region

• North America (U.S., Canada) • Europe (Germany, UK, France, Italy Spain) • Asia Pacific (India, Japan, China, South Korea) • Latin America (Brazil, Mexico, Colombia) • MEA (Saudi Arabia, South Africa, Israel, UAE)

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Automated Fare Collection Market Estimate & Forecast The report includes detailed coverage of the Automated Fare Collection Market based on component, technology, end user, and geography. The report also sheds light on the fastest-growing segments of the market and gives future projections for the same keeping in mind the emerging trends and patterns. The authentic data provided in the research report will act as a major input for market players and other stakeholders related to the target market. The market analysis comprises a section solely dedicated to major players in the Automated Fare Collection Market wherein our expert research analysts provide an insight into profiles of all the prominent players along with a special focus on recent developments and major innovations influencing the target market. The competitive outlook section also discusses major development strategies, market share value, and industry ranking analysis for the below-mentioned players. Leading players present in the Automated Fare Collection Market are 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. Browse Complete Report

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Automated Fare Collection Market Size

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About Us 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 a clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, 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 the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and highly qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver valueadded business solutions to our customers. Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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