North America Automated Fare Collection System Market Expected to Display a CAGR of 10 18% Between 2021 and 2028 - ResearchAndMarkets com benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
by Application (Bus, Toll, Train, and Car Rental), Component (Hardware, and Software), and Technology Platform (Smart Card, Near Field Communications, Optical Character Recognition (OCR) and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global automated fare collection system industry was estimated at $6.63 billion in 2019, and is expected to hit $12.75 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in the trend of contactless open payment, increasing demand for smartphones, enhanced transport infrastructure and security system, flexible fare plans, low manpower cost, and less operational time fuel the growth of the global automated fare collection system market. On the other hand, high installation and maintenance cost impede the growth to some extent. Nevertheless, surge in use of high-speed public transport, arrival of digitized payment, and global interopera
Going farther: Nikola claims superior Class 8 electric driving range
Startup sticks to modest production plan for Q4 despite supply chain shortages
0 4 minutes read Nikola invited 25 fleets to check out the Nikola Tre battery-electric Class 8 truck and is looking fir significant orders instead of ones and twos. (Photo: Nikola)
Nikola Corp. (NASDAQ: NKLA) is showing its battery-electric Class 8 Tre prototype to fleets, seeking launch customers who want more than one or two trucks to test.
The Phoenix-based startup is sticking with its estimate of delivering 50 to 100 Class 8 battery-electric trucks in the fourth quarter. But CEO Mark Russell, speaking on a Q1 earnings call Friday, said supply constraints for a variety of parts could reduce that number. Microchips and touchscreens are particular concerns.
Automated Fare Collection System Market Outlook, Industry Size, Market Share, Forecast 2021-2026 Facto Market Insights as of late distributed statistical surveying report on the worldwide Automated Fare Collection System Market to its assortment of statistical surveying reports.
BriefingWire.com, 4/17/2021 - Facto Market Insights as of late distributed statistical surveying report on the Automated Fare Collection System Market to its assortment of statistical surveying reports. The exploration report covers point by point examination of market measuring and anticipating of the market covering the market drivers, challenges, opportunity investigation, and patterns, alongside different key bits of knowledge in the worldwide market. The examination report additionally incorporates the investigation of territorial producers and new market players, covering all the data reasonable for the customers to settle on essential business choice
How Logistics Firms Are Handling the Pandemic s E-Commerce Boom
Employees sort crates of packages at a DHL facility in Chicago. (Daniel Acker/Bloomberg News)
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The COVID-19 pandemic has squeezed many years of growth in online sales and e-commerce fulfillment into a single 12-month period.
Confronted with business closures, restrictions on large gatherings, physical distancing guidelines and the fear of catching the novel coronavirus, consumers turned their computers and phones into shopping malls, spending $861 billion online with U.S. merchants in 2020, a 44% increase over the prior year, according to estimates by Digital Commerce 360.