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According to a new report LAMEA Automated Fare Collection System Market, published by KBV research, the LAMEA Automated Fare Collection System Market would witness market growth of 18.6% CAGR during the forecast period (2020-2026).
The Brazil market dominated the LAMEA Optical Character Recognition Automated Fare Collection System Market by Country 2019, thereby, achieving a market value of $76.2 million by 2026. The Argentina market would witness a CAGR of 18.5% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 17.4% during (2020 - 2026).
The Hardware market dominated the UAE Automated Fare Collection System Market by Component 2019, growing at a CAGR of 17.4 % during the forecast period. The Software market is expected to witness CAGR of 19.4% during (2020 - 2026).
The Railway market dominated the South Africa Automated Fare Collection System Market by End Use 2019. The Toll market is exhibiting a CAGR of 20.6% during (2020 - 2026). The Parking market is anticipated to witness a CAGR of 21% during (2020 - 2026). Additionally, The Bus market is poised to grow at a CAGR of 21.1% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/lamea-automated-fare-collection-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.
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