Rising awareness about these benefits is

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Focus of governments on the performance optimization of existing public transit systems, such as subways, buses Cheap Calais Campbell Jersey , trams, and metros, is also expected to boost the usage of technology-driven AFC systems for digital transaction processing and payment management. Increasing penetration of the technology has provided transit system operators an effective way to reduce counter congestions Cheap Keelan Cole Jersey , operational costs, waiting time, and cash leakage issues often faced in traditional fare collection systems. This has also facilitated hassle-free and convenient travel experiences for commuters.

Rising awareness about these benefits is compelling transit operators to replace conventional physical ticketing machines and toll booths with contactless AFC systems. The data generated by such systems is further used in implementing a data-driven network optimization approach for public transit systems. Public transit network operators were able to capitalize on the unutilized capacity of the trains by using a data-driven model. Emerging countries in Asia Pacific Cheap Marcell Dareus Jersey , such as India and China, are also in the process of implementing similar systems to enable operators to dynamically plan and optimize ticket prices.

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Further key findings from the study suggest:

Software segment is said to register the maximum CAGR over the forecast years due to rising focus of transit system operators on deploying integrated AFC systems covering multiple transportation modes
Near Field Communication (NFC) technology segment is anticipated to gain traction owing to its superior transaction speed Cheap Donte Moncrief Jersey , contactless payment capability, and higher adoption by transit operato. wholesale air max tn air max wholesale free shipping Cheap Nike Air Max Jordan 12 For Sale Nike Air Max 1 Sale Wholesale Jerseys Cheap Jerseys From China Cheap Soccer Jerseys Cheap Jerseys Free Shipping Wholesale Jerseys China