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size is projected to grow at a CAGR of over 18% during 2018-24. In terms of market applications, the metro railway transport dominated the overall market revenues on account of the need for faster and automatic payment solutions across all metro railways in the country. Additionally, with increasing adoption of public transportation primarily, metro railways and rapid bus transport systems in Tier-I and II cities by daily commuters, the AFCS market is anticipated to generate considerable growth prospects over the coming years.

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