Automated Fare Collection Market

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Transparency Market

Research

Automated Fare Collection Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2021

Published Date

2015-11-20

Page Report

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Press Release

Sizeable Investments in Transportation Systems to Help

Automated Fare Collection Market reach US$10.87 bn

Globally by 2021

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Automated Fare Collection

Market

REPORT DESCRIPTION

Automated Fare Collection Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 – 2021

According to a new market report published by Transparency Market Research “ Automated

Fare Collection Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2015 - 2021,” the automated fare collection market was valued at US$5.12 bn in

2014, and is expected to reach US$10.87 bn by 2021, at a CAGR of 11.4% from 2015 to 2021.

Browse The Market Research Report of Automated Fare Collection

Market : http://www.transparencymarketresearch.com/automated-fare-collectionmarket.html

Automated fare collection (AFS) system is an automated ticketing systems designed for

transportation networks. Automated fare collection system enables efficiency in the fare

collection and helps in improving the transaction speed. The automated fare collection also helps

in broadening the customer base for the transportation systems and establishment. The AFC

system helps in saving considerable amount of time as it eliminates the wait in queues for

buying tickets. Moreover, installation of AFC systems provides opportunity to the transportation

authorities to enhance services to the end users.

Development of mono rail and metro services in developing cities and other metro cities is a

major driver in the growth of the automated fare collection...