Tag Archives: Automated Fare Collection Market Size

Automated Fare Collection Market Growth To Be Driven By Enhanced Demand In Railways,Taxi Services, Road Charging, Rental Cars, Airports Sectors Till 2025:Grand View Research,inc.

The global automated fare collection (AFC) market is expected to reach USD 10.74 billion by 2025 according to a new report by Grand View Research, Inc. Automated fare collection systems are the collective components which enable the automated ticketing system for public transportation network. They provide a stable and integrated platform for all the activities regarding the fare collection with equipment like automatic gate machine, ticket vending machine, and ticket checking machine. Automated fare collection systems are used in a number of high transit areas including government buildings, large commercial workplaces and public transport ports. The growing demand for an …

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