Submitted by: Submitted by danny123456
Views: 10
Words: 1895
Pages: 8
Category: Business and Industry
Date Submitted: 11/23/2015 03:47 AM
`
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
Request Sample
Buy Now
Press Release
Sizeable Investments in Transportation Systems to Help
Automated Fare Collection Market reach US$10.87 bn
Globally by 2021
Transparency Market Research
State Tower,
90, State Street, Suite 700.
Albany, NY 12207
United States
www.transparencymarketresearch.com
sales@transparencymarketresearch.com
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...