Transport Smart Card Industry - Regional Synopsis
North America Market Statistics
North America industry is likely to account for largest revenue share by 2037, on the back of higher adoption of advanced technology among the masses. Moreover, countries, such as, the U.S. and Canada, promote cashless economy, which is estimated to further boost the market growth.
APAC Market Analysis
The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, owing to the growing transportation sector in nations, such as, Japan, where thousands of people commute to their offices using transport smart cards. In Japan, more than 45% of the working class and 50% of the students travel in subways or buses. Moreover, major steps by governments of developing countries, including, India and Singapore, to develop a cashless economy, is estimated to boost the market growth in the region.
