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Automated Fare Collection Market Analysis and Outlook Report, 2016 to 2024

Bysusan hill

The automated fare collection (AFC) market is anticipated to grow significantly from 2016 to 2024 owing to its increased usage in public transport. AFC system provides easy, efficient solution by eliminating manual fare collection. It has helped in reducing customer waiting time for buying tickets. Fare collection has evolved from cash, tickets, tokens, monthly passes to AFC. It consists of automatic gate equipment, ticket vending machines, & checking terminals. AFC require a less human resource, possesses multi-operator capabilities, has less revenue leakage, cannot be manipulated and the system is amenable to fare changes. The management can acquire transportation reports quickly. Unlike the traditional fare system, AFC can store and track customer information.

Details

Publication Date
Apr 30, 2018
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): susan hill

Specifications

Format
PDF

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