The Global Automated Fare Collection System Market is estimated to be USD 16.05 Bn in 2023 and is expected to reach USD 28.10 Bn by 2028, growing at a CAGR of 11.85%.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
The analyst analyses the Global Automated Fare Collection System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.
Market Segmentations
The Global Automated Fare Collection System Market is segmented based on System, Component Type, Technology, Application, Industry, and Geography.- By System, the market is classified into Consultation, System Implantation, Training and Maintenance, and Managed Services.
- By Component Type, the market is classified into Hardware and Software
- By Technology, the market is classified into Smart Card, Optical Character Recognition (OCR), Near Field Communication (NFC), Magnetic Stripes, and Others.
- By Application, the market is classified into Parking, Transportation, Theme Parks, and Other.
- By Industry, the market is classified into Transport and Logistics, Retail, Media & Entertainment, Government, and Others.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Atos SE, Ubic Transportation Systems, Inc., Dormakaba Holding, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Automated Fare Collection System Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the Global Automated Fare Collection System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automated Fare Collection System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the Report
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Automated Fare Collection System Market
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Who are the key companies in the Global Automated Fare Collection System Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 208 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 16.05 Billion |
| Forecasted Market Value ( USD | $ 28.1 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Changing Payment Outlook of Passengers
4.1.2 Rising Number of Transit Infrastructure Projects in Emerging Economies
4.2 Restraints
4.2.1 High Initial Cost of Setup and Deployment
4.3 Opportunities
4.3.1 Rising Advent of Electronic Payment, Contactless Technology and Smart Card
4.4 Challenges
4.4.1 Chances of Technical Issues Creating Frustration Among Passengers
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Impact of Economic Slowdown & Impending Recession
5.6 Ansoff Matrix Analysis
6 Global Automated Fare Collection System Market, By Service Type
6.1 Introduction
6.2 Consultation
6.3 System Implantation
6.4 Training and Maintenance
6.5 Managed Services
7 Global Automated Fare Collection System Market, By Component Type
7.1 Introduction
7.2 Hardware
7.3 Software
8 Global Automated Fare Collection System Market, By Technology
8.1 Introduction
8.2 Smart Card
8.3 Optical Character Recognition (OCR)
8.4 Near Field Communication (NFC)
8.5 Magnetic Stripes
8.6 Others
9 Global Automated Fare Collection System Market, By Application
9.1 Introduction
9.2 Parking
9.3 Transportation
9.4 Theme Parks
9.5 Other
10 Global Automated Fare Collection System Market, By Industry
10.1 Introduction
10.2 Transport and Logistics
10.3 Retail
10.4 Media & Entertainment
10.5 Government
10.6 Others
11 Americas' Automated Fare Collection System Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Automated Fare Collection System Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa's Automated Fare Collection System Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC's Automated Fare Collection System Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 Atos SE
16.2 Ubic Transportation Systems, Inc.
16.3 Dormakaba Holding
16.4 LECIP Holdings Corp.
16.5 LG CNS
16.6 NXP Semiconductors
16.7 Omron Corp.
16.8 Samsung SDS
16.9 Scheidt & Bacchhan Gmbh
16.10 Thales Group
16.11 Ags India
16.12 AUM Infotech Pvt. Ltd.
16.13 Efkon India Pvt. Ltd.
16.14 MCML Projects Pvt. Ltd.
16.15 NEC
16.16 Datamatics
16.17 Vix Technology
17 Appendix
17.1 Questionnaire
Companies Mentioned
- Atos SE
- Ubic Transportation Systems, Inc.
- Dormakaba Holding
- LECIP Holdings Corp.
- LG CNS
- NXP Semiconductors
- Omron Corp.
- Samsung SDS
- Scheidt & Bacchhan Gmbh
- Thales Group
- Ags India
- AUM Infotech Pvt. Ltd.
- Efkon India Pvt. Ltd.
- MCML Projects Pvt. Ltd.
- NEC
- Datamatics
- Vix Technology"
