AFC Systems Market in China to grow at a CAGR of 12.04% over the period 2014-2019; Finds New Report

Report forecast the AFC Systems Market in China to grow at a CAGR of 12.04 percent over the period 2014-2019.

Automatic fare collection system is the integration of devices and software that automate the ticketing systems of transportation networks. The system is based on contactless technology and is automated to computation of fare and manually or automatically collection from travellers. The systems consists of automatic or semi-automatic ticket vending machines, automatic entry and exit gates, station and central server. An AFC system helps to improve rate of transaction, provide affordable operations and collect fares more efficiently. In addition, it helps to broaden the customer base for transport systems and establishments, as it provides end-users with easy operations. With the introduction of latest technology such as contactless technology, smartcard, and electronic payment, it helps to lessen the transaction risk and cost associated with handling cash. AFC systems market in China is expected to grow at a much rapid pace with the increased infrastructure investments by the China government in recent years.

This report covers the present scenario and the growth prospects of the AFC Systems market in China for the period 2015-2019. To calculate the market size, the report considers the AFC Systems market in China, the Global AFC Systems market, revenue generated from enterprise business, software, application, updates, and subscription revenue.

According to the report, the growth in rail traffic is one of the main drivers of the market. China is expanding its railway network across the country, leading to an increased demand for AFC systems. Changes in business demands and market environment have compelled organizations to reduce the cost of human resources in rail divisions.

Further, the report states that additional or unanticipated system requirements pose a major threat to the market. An AFC system needs additional components to provide manual fare collection services, and has integration issues when controlling large infrastructures. These issues may negatively affect service providers and hinder the growth of the market.

AFC Systems Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.

key players in the AFC Systems Market in China: GRG Banking Equipment Co. Ltd., Shanghai Huahong Jitong Smart System Co Ltd., Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. and Shanghai Potevio Co. Ltd.

Other Prominent Vendors in the market are: Advantech, China Academy of Railway Sciences (CARS), China National Software & Service, Chunlan, Cubic Transportation Systems (Beijing), Founder International, GaoXin Modern Intelligent System, Nanjing Thales Panda Transportation System, Samsung SDS China, Shandong New Beiyang Information Technology, Shanghai Huateng Software Systems and Shenzhen Modern Computer Manufacturer

Market Driver

• Growth in Rail Traffic Volume
• For a full, detailed list, view our report

Market Challenge

• Additional or Unanticipated System Requirements
• For a full, detailed list, view our report

Market Trend

• Increased Adoption for Contactless Technology
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 50 pages, “AFC Systems Market in China 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Overview of China, Market Landscape, Market Segmentation by End-users, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4Mk

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