TRANSIT CARDS MARKET ANALYSIS

Regional Analysis

Asia Pacific transit cards market to hold a leading position in the global transit cards market

On the basis of geography, the global transit cards market is segmented into North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The Asia Pacific region holds a leading position in the global transit cards market and is predicted to retain its dominance over the forecast period (2018- 2026). This dominance is attributed to the presence of highly populated countries such as India and China in the region, which in turn increases the demand for public transportation in the region. According to Population Reference Bureau Organization, in 2016, 4,437 million people were recorded as the census in Asia Pacific, up from 4,397 million in 2015.