Automated Fare Collection System Market: Train Application Segment Projected to Remain Dominant Through 2024
Automated fare collection is a solution that automates fare collection or ticketing system in the transportation industry. This solution improves efficiency of ticketing system and transaction rate. Installation of automated fare collection systems enables transport authorities to offer enhanced services to end users. Integration of advanced technologies such as electronic payment, contactless technology, and smart card with automated fare collection system has reduced costs associated with manual ticketing systems in the transportation industry.
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