Automated Fare Collection (Afc) System Market - Global Industry Analysis and Forecast 2015 - 2021
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Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Persistence Market Research
Automated Fare Collection (AFC) System
Market - Global Industry Analysis and
Forecast 2015 - 2021
Persistence Market Research
1
Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Persistence Market Research Released New Market Report on “Automated Fare Collection
(AFC) System Market - Global Industry Analysis and Forecast 2015 - 2021”.
Automated fare collection (AFC) system is the automated version of manual fare collection. It
allows public transportation authority’s such as metro, rail, and buses to implement fast and
efficient ticketing system. The automated fare collection system allows tracing and managing
the funds generated through sales and by use of transport fare media, thereby helping to thrust
revenue of the companies. Contactless technology, smart card, and electronic payment reduce
the cost associated with handling cash transaction. Smart cards technology is extensively used
fare collection systems because it offers benefits such as reduced maintenance & operating
cost, improve efficiency, and reduced frauds.
Request Full TOC: http://www.persistencemarketresearch.com/toc/6457
The automated fare collection system market is segmented on the basis of technology,
components and geography. Based on technology, the automatic fare collection system market
can be categorized into smart cards, magnetic strips, near field communication (NFC), and
optical character recognition (OCR). The adoption of NFC technology is expected to remain
high owing to its benefits such as fault tolerance and high speed contactless transaction. These
technologies reduce the cost associated with handling cash transactions and save time of
travelers by eliminating the queue for obtaining tickets. On the basis of components, the
automated fare collection system market can be segmented as hardware...
Analysis and Forecast 2015 - 2021
Persistence Market Research
Automated Fare Collection (AFC) System
Market - Global Industry Analysis and
Forecast 2015 - 2021
Persistence Market Research
1
Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Persistence Market Research Released New Market Report on “Automated Fare Collection
(AFC) System Market - Global Industry Analysis and Forecast 2015 - 2021”.
Automated fare collection (AFC) system is the automated version of manual fare collection. It
allows public transportation authority’s such as metro, rail, and buses to implement fast and
efficient ticketing system. The automated fare collection system allows tracing and managing
the funds generated through sales and by use of transport fare media, thereby helping to thrust
revenue of the companies. Contactless technology, smart card, and electronic payment reduce
the cost associated with handling cash transaction. Smart cards technology is extensively used
fare collection systems because it offers benefits such as reduced maintenance & operating
cost, improve efficiency, and reduced frauds.
Request Full TOC: http://www.persistencemarketresearch.com/toc/6457
The automated fare collection system market is segmented on the basis of technology,
components and geography. Based on technology, the automatic fare collection system market
can be categorized into smart cards, magnetic strips, near field communication (NFC), and
optical character recognition (OCR). The adoption of NFC technology is expected to remain
high owing to its benefits such as fault tolerance and high speed contactless transaction. These
technologies reduce the cost associated with handling cash transactions and save time of
travelers by eliminating the queue for obtaining tickets. On the basis of components, the
automated fare collection system market can be segmented as hardware...