Automated Fare Collection System Market Worth $12.75 Bn, Globally, by 2027 at 11.6% CAGR: Allied Market Research
by Application (Bus, Toll, Train, and Car Rental), Component (Hardware, and Software), and Technology Platform (Smart Card, Near Field Communications, Optical Character Recognition (OCR) and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global automated fare collection system industry was estimated at $6.63 billion in 2019, and is expected to hit $12.75 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027. Drivers, restraints, and opportunities- Rise in the trend of contactless open payment, increasing demand for smartphone...
Source: prnewswire.com