India Automated Fare Collection Systems Market 2018-2024: Forecast by Applications, AFC Systems Technologies, Types, Metro Hardware Systems, Regions - Research and Markets

The "India Automated Fare Collection Systems Market (2018-2024): Forecast by Applications, AFC Systems Technologies, Types, Metro Hardware Systems, Regions, and Competitive Landscape" report has been added to Research and Markets' offering.

India Automated Fare Collection Systems market is projected to grow at a CAGR of over 18% during 2018-2024

Rising need for faster payment process owing to increasing number of daily travelers/commuters has buoyed the demand for offering rapid payment solutions across the country. Additionally, with smart city development projects, the government is taking several key measures for the growth of rapid transport solution in India, especially in the Tier-I and Tier-II cities. With the swift development of transport solutions, the automated fare collection systems market is registering higher growth over the past few years.

In terms of market applications, the metro railway transport dominated the overall market revenues on account of need for faster and automatic payment solutions across all metro railways in the country. Additionally, with increasing adoption of public transportation primarily, metro railways and rapid bus transport systems in Tier-I and II cities by daily commuters, the AFCS market is anticipated to generate considerable growth prospects over the coming years.

In terms of regions, the Northern region accounted for the highest revenue share in India AFCS market in 2017. Moreover, the region is likely to continue its dominance during the forecast period as well, owing to upcoming/ongoing metro railway projects and parking solutions, especially in Delhi/NCR region.

Some of the key players in India automated fare collection systems market include- Samsung SDS, AGS Transact, Indra Sistemas, Thales India, AUM Infotech, Efkon India, Cubic Transportation, MCML Projects, Ingenico International and NEC Technologie

Markets Covered:

The report provides detailed analysis of the following market segments:

• By Applications
  • Metro Railway
  • Bus Transport
  • Parking Solution
  • Others
• By AFC Systems Technologies:
  • Near-Field Communication
  • Magnetic Strips & Tokens
  • QR Code/Barcode
  • Smart Cards
• By Types:
  • Hardware
  • Software
• By Metro Hardware Systems:
  • Ticket Vending Machine
  • Ticket Office Machine
  • Fare Gates
  • Smart Card Ticketing
  • Central Computer
  • Station Infrastructure
• By Regions:
  • Northern
  • Western
  • Eastern
  • Southern

Companies Mentioned

• AGS Transact Technologies Ltd.
• AUM Infotech Pvt. Ltd.
• Cubic Transportation System India Pvt. Ltd.
• Efkon India Pvt. Ltd.
• Indra Sistemas India Pvt. Ltd.
• Ingenico International India Pvt. Ltd.
• MCML Projects Pvt. Ltd.
• NEC Technologies India Pvt. Ltd.
• Samsung SDS India Pvt. Ltd.
• Thales India Pvt. Ltd

For more information about this report visit https://www.researchandmarkets.com/research/p32m6x/india_automated?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180109006268/en/