'Market systems components' presentation slideshows

Automated Fare Collection Market Analysis, Size, Share - Global Industry Report, 2024 | Hexa Research

The automated fare collection (AFC) system 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.

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