COVID Impact, Trends and Predictions – Queen Anne and Mangolia News

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Evolve business intelligence, today released a new market research report on “The global Automatic Fare Collection System market size was valued at $6.88 billion in 2020 and is expected to reach $16.31 billion. dollars by 2028, growing at a CAGR of 10.94% from 2021 to 2028.”

For more information on the report: https://report.evolvebi.com/index.php/sample/request?referer=parity&reportCode=010594

The COVID-19 pandemic has led to a disruption in the supply chain leading to reduced demand or supply shortages in the automated fare collection systems market. Travel restrictions and social distancing measures have led to a sharp drop in consumer and business spending and this trend is expected to continue for some time. The trend and preferences of end users have changed due to the pandemic and led manufacturers, developers and service providers to adopt various strategies to stabilize the business.

In terms of the impact of COVID 19, the Automated Fare Collection System Market report also includes the following data points:

  • Impact of COVID19 on the Automated Ticketing Systems Market Size
  • End user/industry/application trend and preferences
  • Government policies/regulatory framework
  • Strategy of key actors to fight against negative impacts / post-COVID strategies
  • Opportunity in the automated fare collection systems market

Analyst View

According to Nisha, Principal Analyst, Evolve Business Intelligence, “The recent COVID scenario is expected to have a positive impact on the Automated Fare Collection Systems market. The covid pandemic has prompted the use of contactless payment to control the spread of the virus. This has increased the demand for automated fare collection systems. Contactless payment has increased personal safety and reduced payment operational time. Consumers are also turning to digital payment during this period, which has had a positive impact on the market for automated fare collection systems. »

Competitive scenario
Some of the key Automated Fare Collection System players with high market share include Atos SE, Cubic Transportation Systems, Inc., Dormakaba Holding, LECIP Group. These players use partnership and acquisition as a key strategy to gain significant market share to compete with market leaders.

Segmental analysis
The Automated Fare Collection System Market is analyzed into the various segments mentioned below:

  • Technology platform
    • Smartcard
    • Optical Character Recognition (OCR)
    • Near Field Communications
    • Others
  • Making up
  • Application
    • Bus
    • Ring
    • Train
    • Car rental

Report cover
The study also contains a complete value chain, along with details of the key factors affecting market growth (drivers, restraints, and opportunities). In addition, the report includes 10 key players in the Automated Fare Collection System market ecosystem that have been strategically profiled along with the ranking / market share of key players. In the Company Profile section, the company’s core competencies have been thoroughly analyzed along with the competitive landscape of market players and strategies such as partnerships and collaboration, acquisitions, launches and product developments, contracts and business expansion adopted by them. to grow in the market.

The key players profiled in the report are:

  • Atos SE
  • Cubic Transportation Systems, Inc.
  • Dormakaba Holding
  • LECIP Group
  • LG SNC
  • NXP Semiconductors
  • Scheidt&Bacchhan Gmbh
  • OMRON Company
  • Samsung MSDS
  • Thales Group

To request a free sample report, click the “Request Sample PDF” button on https://report.evolvebi.com/index.php/sample/request?referer=parity&reportCode=010594

Research Methodology
This research study makes substantial use of secondary sources, archives and databases (such as annual reports, press releases, magazines, Trademap, company websites and other databases paid) to classify and gather useful information for this analysis. The whole process involves a review of the financial records of key industry participants. After determining the overall market size, the total market was divided into several segments and sub-segments, and this information was further verified by key industry specialists such as CEOs, Directors, VPs. presidents and marketing managers.

Report objectives

  • To define, describe and forecast the Automated Ticketing System market, in terms of value, segmented on the basis of indication, type, technology and geography
  • Forecast market size in 4 key regions: Asia-Pacific (APAC), North America, Europe and Rest of the World (RoW)
  • To provide in-depth insights into drivers, restraints, and opportunities in the Automated Fare Collection System Market
  • To provide an overview of the value chain analysis relating to the Automated Fare Collection System industry
  • To strategically analyze each segment and sub-segment with respect to individual overall growth trends and their contribution to the overall Automated Ticketing System market
  • To analyze market opportunities by identifying high growth segments of the automated ticketing system market
  • To profile key players in the Automated Ticketing System market and thoroughly analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions made in the global Automated Ticketing System market

About EvolveBI

Evolve Business Intelligence is a market research, business intelligence and consulting company that provides innovative solutions to tough business problems. Our market research reports include data useful for micro, small, medium and large businesses. We provide solutions ranging from simple data collection to business consulting.

Evolve Business Intelligence is built on the foundation of technological advancements providing highly accurate data through our in-house AI modeled data analysis and forecasting tool – EvolveBI. This tool tracks real-time data, including quarterly performance, annual performance, and recent developments for Fortune 2000 global companies.

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