Rise in Smartphone and Internet Services Facilitates Automated Fare Collection System Market Growth

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Rise in Smartphone & Internet Services Facilitates Global Automated Fare Collection System Market Growth As per Inkwood Research, the Global Automated Fare Collection System Market is estimated to grow with a CAGR of 11.63% in terms of revenue during the forecast period of 2023-2032. “Browse 28 market Data Tables and 73 Figures spread over 200 Pages, along with an in-depth TOC on the Global Automated Fare Collection System Market Forecast 2023-2032.” VIEW TABLE OF CONTENT LINK - https://inkwoodresearch.com/reports/automated-fare-collectionsystem-market/#table-of-contents An automated fare collection system (AFCS), typically referred to as an electronic fare collection system, is an automated system that supports public transit operators in tracking and accounting for income. Furthermore, as a collection of hardware as well as software tools that facilitates easy-topay fares, AFCS also offers a convenient method of payment instead of cash, while verifying passenger travel.

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Surge in Smartphones and Internet Services to Augment Market Growth


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