Automated Fare Collection System Market Set to Boom in 2022
Global automated fare collection system market is estimated to reach $10.1 billion, at a prominent CAGR of 13.2% from 2016 to 2022, according to a new report by published by Allied Market Research. The smart card segment accounted for around 41.4% of revenue share in 2015, and the market is expected to grow with a promising CAGR of 12.9% during the forecast period, owing to the increasing application of smart cards in bus, train and toll fare collection. North America...
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