Persistence Market Research analyzes the global automated fare collection system market in a new publication titled “Automated Fare Collection System Market: Global Industry Analysis and Forecast, 2016–2024”. The main objective of the report is to identify dynamics in the market and provide recent updates and insights affecting various segments of the global automated fare collection system market. To provide better understanding of the market, the report also includes an analysis of drivers, restraints, and trends which influence the current market scenario and future status of the global automated fare collection system market over the forecast period.

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To understand and assess the demand and opportunities in this market, the report is categorically split into four major sections, namely by system component, by application, by end-users and by region. The report analyzes the global automated fare collection (AFC) system market in terms of market value (US$ Mn). The report starts with market overview and provides market definition and analysis about the drivers, restraints, opportunities and key trends in the market. The following section includes analysis of the global market by system component, by application, by end-users and by region. All the four sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects.

Global Automated Fare Collection System Market: Segmentation

By system component

Hardware
Central Computer System
Station Computer System
Station Equipment
Software
Services
By application

Bus Rapid Transit
Light Rail Transit
Train
Others
By End users

Public Transport Authority
Private Transport Authority
By Region

North America
Latin America
Europe
APAC
Middle East & Africa
The final section of the report provides the global automated fare collection system market structure and a detailed competition landscape with company market share and performance, to provide report audiences with a dashboard view of key players operating in the global automated fare collection system market along with their business strategies. This section is intended to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and forecast made for 2017–2024. In order to provide an accurate forecast, the report starts by sizing up the current market, which forms the basis of how the global automated fare collection system market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global automated fare collection system market.

The report also analyzes the different segments of the global automated fare collection system market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global automated fare collection system market. The report also analyzes the global automated fare collection system market based on absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a sales perspective, it is essential to identify absolute dollar opportunity to identify potential resources in the global automated fare collection system market.

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Persistence Market Research has also developed a market attractiveness index to understand the key market segments in terms of their performance and growth in the global automated fare collection system market. This market attractiveness index would help clients identify real market opportunities in the global automated fare collection system market.