Global Market Size of Automated Fare Collection Market – 10 Year Market Forecast

ICT

Automated Fare Collection Market Size Forecast 2022-2029

An automated fare collection system is a contactless, end-to-end solution that automates the ticketing system of a public transportation network. Magnetic stripes are the leading technology used in the market. Over the forecast period, North America is expected to be the fastest-growing segment in the automated fare collection market accounting for the majority of the market shares. The global automated fare collection market size is anticipated to grow from USD 18.14 billion in 2022 to USD 40.48 billion by 2029, registering a CAGR of 12.15%. The cumulative market size is estimated to be USD 239 billion.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The automated fare collection sector and its changing market trends can be studied using Global Market Database. The market research and intelligence tool studies the shift in line with changing market trends.
• What is the product category of the automated fare collection market?

• The product category of the automated fare collection market is ICT.
• Based on services, which is the largest segment?

• Based on services, managed services is the largest segment.
• What is the payment structure for purchase of plan 3 of GMD reports?

• The payment structure for purchase of plan 3 of GMD reports is 1250 dollars per month.
• What does plan 3 of GMD reports offer on purchase?

• Plan 3 of GMD offers access to 250 datasets, 2 logins and downloadable reports for 4 industries and 5 on demand markets.

Related Markets

• Global Market Size of Digital Map – 10 Year Market Forecast
• Global Market Size of Application Platform – 10 Year Market Forecast
• Global Market Size of Subscription and Billing Management – 10 Year Market Forecast
• Global Market Size of Contactless Payment Market – 10 Year Market Forecast
• Global Market Size of Data Center Rack Market – 10 Year Market Forecast