The global optical character recognition (OCR) automated fare collection systems market is expected to grow at a CAGR of 7.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing adoption of OCR technology in various industries such as transportation, healthcare, and education. The increasing demand for OCR technology in these industries is due to its ability to provide accurate data and reduce human errors.
The global OCR automated fare collection systems market has been segmented on the basis of type into ticket vending machine (TVM) and validator; by application into train, metro, airplane, cinema, opera house and gym; and by region into North America, Latin America Europe Asia Pacific Middle East & Africa.
Some Of The Growth Factors Of This Market:
- The increasing number of smart cities and the need for efficient public transportation systems are driving the growth of this market.
- The increasing demand for automated fare collection systems in various industries such as retail, healthcare, and education is also driving the growth of this market.
- Increasing investments by governments in developing countries such as India and China are also driving the growth of this market.
- Increasing focus on security measures to prevent frauds is also driving the growth of this market.
Industry Growth Insights published a new data on “Optical Character Recognition (OCR) Automated Fare Collection Systems Market”. The research report is titled “Optical Character Recognition (OCR) Automated Fare Collection Systems Market research by Types (Ticket Vending Machine (TVM), Validator, Others), By Applications (Train, Metro, Airplane, Cinema, Opera House, Gym, Others), By Players/Companies Cubic Transportation, GMV, Kvsio, GRGBanking, Genfare, Avail Technologies, Magnadata International”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Character Recognition (OCR) Automated Fare Collection Systems Market Research Report
By Type
Ticket Vending Machine (TVM), Validator, Others
By Application
Train, Metro, Airplane, Cinema, Opera House, Gym, Others
By Companies
Cubic Transportation, GMV, Kvsio, GRGBanking, Genfare, Avail Technologies, Magnadata International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
 Automated Fare Collection Systems Industry Outlook.svg)
Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Report Segments:
The global Optical Character Recognition (OCR) Automated Fare Collection Systems market is segmented on the basis of:
Types
Ticket Vending Machine (TVM), Validator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Train, Metro, Airplane, Cinema, Opera House, Gym, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cubic Transportation
- GMV
- Kvsio
- GRGBanking
- Genfare
- Avail Technologies
- Magnadata International
 Automated Fare Collection Systems Market Overview.svg)
Highlights of The Optical Character Recognition (OCR) Automated Fare Collection Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ticket Vending Machine (TVM)
- Validator
- Others
- By Application:
- Train
- Metro
- Airplane
- Cinema
- Opera House
- Gym
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Character Recognition (OCR) Automated Fare Collection Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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 Automated Fare Collection Systems Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An optical character recognition (OCR) automated fare collection system is a technology that uses computer software to read and interpret the printed symbols on bus, train, and subway tickets. The software then matches these symbols with the corresponding fares listed on the ticket. This process allows transit operators to collect fares without having to manually check each ticket.
Some of the major companies in the optical character recognition (ocr) automated fare collection systems market are Cubic Transportation, GMV, Kvsio, GRGBanking, Genfare, Avail Technologies, Magnadata International.
The optical character recognition (ocr) automated fare collection systems market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Character Recognition (OCR) Automated Fare Collection Systems Market - Supply Chain
4.5. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Forecast
4.5.1. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Absolute $ Opportunity
5. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
5.3.1. Ticket Vending Machine (TVM)
5.3.2. Validator
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
6.3.1. Train
6.3.2. Metro
6.3.3. Airplane
6.3.4. Cinema
6.3.5. Opera House
6.3.6. Gym
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share Forecast, 2019-2026
9. North America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
9.4.1. Train
9.4.2. Metro
9.4.3. Airplane
9.4.4. Cinema
9.4.5. Opera House
9.4.6. Gym
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
9.7.1. Ticket Vending Machine (TVM)
9.7.2. Validator
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share Forecast, 2019-2026
10. Latin America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
10.4.1. Train
10.4.2. Metro
10.4.3. Airplane
10.4.4. Cinema
10.4.5. Opera House
10.4.6. Gym
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
10.7.1. Ticket Vending Machine (TVM)
10.7.2. Validator
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share Forecast, 2019-2026
11. Europe Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
11.4.1. Train
11.4.2. Metro
11.4.3. Airplane
11.4.4. Cinema
11.4.5. Opera House
11.4.6. Gym
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
11.7.1. Ticket Vending Machine (TVM)
11.7.2. Validator
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share, 2019-2026
12. Asia Pacific Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
12.4.1. Train
12.4.2. Metro
12.4.3. Airplane
12.4.4. Cinema
12.4.5. Opera House
12.4.6. Gym
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
12.7.1. Ticket Vending Machine (TVM)
12.7.2. Validator
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share, 2019-2026
13. Middle East & Africa Optical Character Recognition (OCR) Automated Fare Collection Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Application
13.4.1. Train
13.4.2. Metro
13.4.3. Airplane
13.4.4. Cinema
13.4.5. Opera House
13.4.6. Gym
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Character Recognition (OCR) Automated Fare Collection Systems Market Size and Volume Forecast by Type
13.7.1. Ticket Vending Machine (TVM)
13.7.2. Validator
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Optical Character Recognition (OCR) Automated Fare Collection Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Character Recognition (OCR) Automated Fare Collection Systems Market: Market Share Analysis
14.2. Optical Character Recognition (OCR) Automated Fare Collection Systems Distributors and Customers
14.3. Optical Character Recognition (OCR) Automated Fare Collection Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cubic Transportation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GMV
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kvsio
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GRGBanking
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Genfare
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Avail Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Magnadata International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
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