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Automated Fare Collection

According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.

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Automated Fare Collection

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  1. Automated Fare Collection Market Market Size Worth 13,594 Million By 2026 | CAGR: 10.9%

  2. Automated Fare Collection Market Size Worth 13,594Million By 2026 “According to Polaris Market Research report, Automated Fare Collection market is witnessing a major transformation and is projected to reach 13,594 Million by 2026 registering a CAGR of 10.9% during the forecast period 2017 to 2026.” The global Automated Fare Collection market growth is driven by some of the key factors such as growing awareness among consumers, increasing investments by private-public organizations, and favorable government policies. Additionally, many prominent players present in the market are concentrating on the adoption of new technology and product launches to obtain a competitive edge, which in turn contributes to the Automated Fare Collection market growth. The regulatory agencies are also playing a key role as the major driving force for the market, by safeguarding the quality of product/service offerings as well as accelerating new approvals. Automated Fare Collection Market Report Scope: The study provides a comprehensive view of the Automated Fare Collection market by segmenting it based on Component, Technology, End-User and region All the segments of the market have been thoroughly analyzed based on present and future trends. The research report has identified the key segments contributing most to the Automated Fare Collection market growth in terms of revenue along with other vital factors impacting the market dynamics. Further, the market analysis covered in the report also answers the imperative question for new entrants and existing players operating in the market. Browse Detailed Research Report On Automated Fare Collection Market Analysis: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market - 2 -

  3. Automated Fare Collection Market Size Worth 13,594Million By 2026 By Component By Technology By End-User By Region • • •Public Transport Authority •North America (U.S., Canada) Hardware Near-Field Communication (NFC) • Software • •Private Transport Authority •Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) Smart Cards • Services • Magnetic Strips •Others • Optical Recognition (OCR) Character •Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea) • Others •Latin America (Brazil, Mexico, Argentina) •Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa) Impact Analysis of COVID-19 on Automated Fare Collection Market The global Automated Fare Collection market is anticipated to continue its growth amid the covid-19 pandemic. After giving insightful information on market behavior pre and post COVID-19 pandemic, the report also sheds light on the key strategic moves to overcome the adverse impact of COVID-19 on business and turn the positive impact into a lucrative opportunity. Regional Outlook The regional market of North America is witnessing a significant rise in the growth rate and is expected to account for the largest market share over the forecast period. The market is flourishing as a result of its increasing application scope and ample availability of vital resources. During the forecast period, the Asia Pacific region is estimated to garner the highest CAGR for the Automated Fare Collectionmarket, owing to the presence of several leading local and international players operating in the regional market. - 3 -

  4. Automated Fare Collection Market Size Worth 13,594Million By 2026 Gain access to our latest research report that includes a detailed analysis of the COVID-19 pandemic influencing the Automated Fare Collection market in different regions and how market players devising effective strategies to mitigate the effect of the pandemic: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/speak-to- analyst Competitive Landscape Leading companies holding significant market shares in the Automated Fare Collection market are analyzed considering their market shares, growth rates, market revenue, business strategies, and latest developments. Recent events for these major companies such as acquisitions, research initiatives, technological advancements, new solution/product launches, and geographical expansions considered in finalizing their position in the market. According to Polaris Market Research, the leading players with a noteworthy 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.). Request for sample: https://www.polarismarketresearch.com/industry-analysis/automated-fare- 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 - 4 -

  5. Automated Fare Collection Market Size Worth 13,594Million By 2026 3.3.2.1. 3.3.2.2. 3.3.2.3. 3.3.2.4. 3.3.2.5. 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 4.3.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 Bargaining power of supplier Bargaining power of buyer Threat of substitute Threat of new entrant Degree of competition - 5 -

  6. Automated Fare Collection Market Size Worth 13,594Million By 2026 4.8.Company Profiles 4.8.1.Thales Group 4.8.1.1. 4.8.1.2. 4.8.1.3. 4.8.1.4. 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 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 Overview Financials Product Benchmarking Recent Developments - 6 -

  7. Automated Fare Collection Market Size Worth 13,594Million By 2026 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-collection-market 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 the 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 - 7 -

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