AFC Systems Market in China 2015-2019
Released On 28th April 2015
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About Automatic Fare Collection Systems
Automatic fare collection system is the integration of devices and software that automate the ticketing systems of transportation networks. The system is based on contactless technology and is automated to computation of fare and manually or automatically collection from travellers. The systems consists of automatic or semi-automatic ticket vending machines, automatic entry and exit gates, station and central server. An AFC system helps to improve rate of transaction, provide affordable operations and collect fares more efficiently. In addition, it helps to broaden the customer base for transport systems and establishments, as it provides end-users with easy operations. With the introduction of latest technology such as contactless technology, smartcard, and electronic payment, it helps to lessen the transaction risk and cost associated with handling cash. AFC systems market in China is expected to grow at a much rapid pace with the increased infrastructure investments by the China government in recent years.
TechNavios analysts forecast the AFC Systems Market in China to grow at a CAGR of 12.04 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the AFC Systems market in China for the period 2015-2019. To calculate the market size, the report considers the AFC Systems market in China, the Global AFC Systems market, revenue generated from enterprise business, software, application, updates, and subscription revenue.
TechNavios report, AFC Systems Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of Key Vendors operating in this market.