Artificial Intelligence

Automatic Fare Collection System Market Size is projected to reach USD 21.81 billion by 2031, growing at a CAGR of 11.20%: Straits Research

Published

11 months ago

June 6, 2023

New York, United States, June 06, 2023 (GLOBE NEWSWIRE) — The global transportation industry is being driven by the population explosion and the rising number of commuters. A ground-breaking automated technology that streamlines the fare collection process has been made possible by this scenario. Several urban public transportation systems use automated fare collection (AFC) systems as they transition from paper tickets printed using a small machine with a keypad to digital tickets (smart cards). Although paper tickets and passes still account for a sizeable portion of commuter rail and urban and rural rail transit systems’ ticketing methods, these have recently been replaced by inexpensive magnetic stripe cards and contactless smart cards, which offer more data collection options and security. Additionally, it is clear that AFC systems are preferred as the idea of smart cities gains popularity worldwide. Cities are incorporating cutting-edge technologies into municipal tasks, from infrastructure maintenance to transportation.

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Growing Smartphone Industry Drives the Market

The market for automated fare collection systems has accelerated as smartphones have developed into a necessary tool for online ticketing. Smartphones have made ticket purchasing easier and more convenient with the development of standalone applications for train and bus travel. This has helped the market expand. Customers can purchase any ticket type and pay with a cashless method. Using mobile applications for ticketing also has the advantage of accelerating boarding and streamlining cash-handling procedures. Customers today appreciate the ease of using preloaded cards when making purchases to enhance their travel experience. The automatic fare collection system in India has benefited greatly from the UPI payment method as well. The automatic fare collection system is anticipated to expand further over the course of the forecast period, thanks to recent developments in UPI and eWallet technology.

Rising Investments and the Development of Transit Projects give an Opportunity for Exponential Growth

Businesses that offer automated fare collection solutions may find new business opportunities as future transit infrastructure projects take place in both developing and developed economies. As more transit agencies use the technology, chances will present themselves to provide support services both during and after system installation. Driverless Metrino pods, LRT, BRT, Monorail, and Metro projects are just a few of the transportation options that the 100 Smart Cities Project in India plans to use. These projects are expected to include installed automated fare systems because it is anticipated that many commuters will use these services. In order to implement the locally created National Common Mobility Card (NCMC) throughout the entire Delhi Metro network, Delhi Metro has contracted with a consortium to upgrade the entire ecosystem, including the Automatic Fare Collection (AFC) system, in February 2022. Additionally, this upgrade will make it possible to travel using Near Field Communications (NFC) media, Account Based Tickets, and QR Tickets. The adoption of NCMC & QR tickets will enable hassle-free travel on metro rails and other public transportation systems across the country in addition to facilitating retail shopping and purchases. With mobile QR and NFC-based tickets, travelers will also be able to enter or exit a metro station through its hallways.

Report Scope

Report Metric	Details
Market Size	USD 21.81 billion by 2031
CAGR	11.20%
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Component, By Application, By Technology
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Advanced Card Systems Ltd. ,Cubic Transportation Systems ,Atos SE ,LG CNS ,NXP Semiconductors ,Samsung SDS ,Omron Corp ,Scheidt & Bachmann ,Thales Group ,LECIP Group
Key Market Opportunities	Increasing Investments in Automated Transit Projects
Key Market Drivers	Increasing Smartphone Penetration

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Regional Analysis

North America region is the highest contributor to the market. The public transportation system in North America has undergone a significant transformation as a result of investments made by local and federal authorities to modernize the region’s transit system. In urban areas like Baltimore, New York, Boston, Washington, D.C., Chicago, Atlanta, Los Angeles, Houston, and others, numerous upgrade programs have been implemented by reputable companies as their respective transit systems acquire new rolling stock, thereby expanding and modernizing the existing infrastructure to comply with the state-of-the-art AFC system. For instance, in 2018, Masabi, the company that pioneered Software-as-a-Service ticketing and payments for public transportation, partnered with the Regional Transit Service (RTS) in Rochester (New York) to deliver its cutting-edge automated fare collection (AFC) system using Justride. With the aid of Ticket Vending Machines (TVMs) that provide smart cards or printed barcodes, this system will allow commuters without smartphones and bank accounts to quickly pay for the fares.

During the anticipated period, the market for automatic fare collection systems is anticipated to expand rapidly in Europe. The market for automatic fare collection systems and ticketing is growing in Europe as new technology places a greater emphasis on low maintenance costs, dependable machinery, quick transactions, and security. Due to growing health and safety concerns in public transportation, including the higher risk of COVID-19 and other diseases transmission that cash presents, transit agencies now see contactless payments as an urgent matter. 35% of Americans and Germans who survived the pandemic said that, as a result, they spent less money. This number increases to 65% in the UK. Additionally, 55% of consumers said they intended to increase their use of contactless payments as a result of the pandemic, indicating that health issues may have had a long-lasting effect on their decision-making. In London, contactless transactions accounted for two-thirds of all non-cash transactions in 2019–20, with Oyster smart cards accounting for the remaining one-third. Innovation is encouraged by such technological adaptation trends, and advancements in the market for automatic fare collection systems will present a variety of opportunities.

During the anticipated period, the market for automatic fare collection systems is anticipated to expand significantly in Asia-Pacific. The Asia-Pacific region’s AFC system market has a larger development window thanks to the growing trend of digitization that is pushing several sectors in developing nations like China and India. Additionally, technologically advanced nations like Japan have the potential to adopt advancements and innovations in AFC systems, providing growth opportunities for the market. The modernization and standardization of 1,350 AFC gates on Singapore’s MRT will take place over a seven-year period, according to a contract the Singapore Land Transport Authority (LTA) awarded to the Thales Group in October 2021. Everyone will be able to commute without experiencing any delays thanks to the updated AFC gates, which use contactless technologies, increasing the effectiveness and accessibility of the public transportation system.

During the forecast period, the market for automatic fare collection systems worldwide is anticipated to grow moderately in the LAMEA region. Rapid urbanization, changing ticketing and automated fare collection technologies, and the integration of numerous multiple-mode transit providers in the African region prove to be crucial growth drivers for the AFC system market. Initiatives to create smart cities and the growing adoption of technology in the Middle Eastern region are continually creating new opportunities for transport operators. The pandemic has accelerated the digitization of transportation services and raised consumer demand for contactless payments, easy travel, and smart city technologies to be incorporated into commuters’ daily routines. In the Middle East and Africa, governments, communities, public and private bus operators, transportation authorities, and numerous NGOs support automatic fare collection with an open-loop ecosystem.

Key Highlights

The global automatic fare collection system market size is projected to reach USD 21.81 billion by 2031, growing at a CAGR of 11.20% during the forecast period (2023-2031).
Based on components, the global automatic fare collection system market is bifurcated into hardware and software. The hardware segment is the highest contributor to the market.
Based on the application, the global automatic fare collection system market is bifurcated into parking, transportation and logistics, and entertainment. The transportation & logistics segment is the highest contributor to the market.
Based on technology, the global automatic fare collection system market is bifurcated into near-field communication, magnetic strips & tokens, and smartcards. The smartcard segment is the highest contributor to the market.
North America is the highest contributor to the global Automatic Fare Collection System market.

Competitive Analysis:

Card Systems Ltd
Cubic Transportation Systems
Atos SE
LG CNS
NXP Semiconductors
Samsung SDS
Omron Corp.
Scheidt & Bachmann
Thales Group
LECIP Group

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Global Automatic Fare Collection System Market: Segmentation

By Component

Hardware
Software

By Application

Parking
Transportation and Logistics
Entertainment

By Technology

Near-Field Communication (NFC)
Magnetic Strips & Tokens
Smartcards

By Regions

North America
Europe
Asia-Pacific
LAMEA

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Sales And Distribution Channel Analysis
4. Case Study Analysis
5. Patent Analysis
6. M & A Agreements & Collabration Analysis
ESG TRENDS
GLOBAL AUTOMATIC FARE COLLECTION SYSTEM MARKET SIZE ANALYSIS
1. Global Automatic Fare Collection System Market Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
5. U.S.
  1. By Component
    1. Introduction
      1. Component By Value
    2. Hardware
      1. By Value
    3. Software
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Parking
      1. By Value
    3. Transportation And Logistics
      1. By Value
    4. Entertainment
      1. By Value
  3. By Technology
    1. Introduction
      1. Technology By Value
    2. Near-Field Communication (NFC)
      1. By Value
    3. Magnetic Strips & Tokens
      1. By Value
    4. Smartcards
      1. By Value
6. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
5. U.K.
  1. By Component
    1. Introduction
      1. Component By Value
    2. Hardware
      1. By Value
    3. Software
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Parking
      1. By Value
    3. Transportation And Logistics
      1. By Value
    4. Entertainment
      1. By Value
  3. By Technology
    1. Introduction
      1. Technology By Value
    2. Near-Field Communication (NFC)
      1. By Value
    3. Magnetic Strips & Tokens
      1. By Value
    4. Smartcards
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
5. China
  1. By Component
    1. Introduction
      1. Component By Value
    2. Hardware
      1. By Value
    3. Software
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Parking
      1. By Value
    3. Transportation And Logistics
      1. By Value
    4. Entertainment
      1. By Value
  3. By Technology
    1. Introduction
      1. Technology By Value
    2. Near-Field Communication (NFC)
      1. By Value
    3. Magnetic Strips & Tokens
      1. By Value
    4. Smartcards
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
5. UAE
  1. By Component
    1. Introduction
      1. Component By Value
    2. Hardware
      1. By Value
    3. Software
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Parking
      1. By Value
    3. Transportation And Logistics
      1. By Value
    4. Entertainment
      1. By Value
  3. By Technology
    1. Introduction
      1. Technology By Value
    2. Near-Field Communication (NFC)
      1. By Value
    3. Magnetic Strips & Tokens
      1. By Value
    4. Smartcards
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Component
  1. Introduction
    1. Component By Value
  2. Hardware
    1. By Value
  3. Software
    1. By Value
3. By Application
  1. Introduction
    1. Application By Value
  2. Parking
    1. By Value
  3. Transportation And Logistics
    1. By Value
  4. Entertainment
    1. By Value
4. By Technology
  1. Introduction
    1. Technology By Value
  2. Near-Field Communication (NFC)
    1. By Value
  3. Magnetic Strips & Tokens
    1. By Value
  4. Smartcards
    1. By Value
5. Brazil
  1. By Component
    1. Introduction
      1. Component By Value
    2. Hardware
      1. By Value
    3. Software
      1. By Value
  2. By Application
    1. Introduction
      1. Application By Value
    2. Parking
      1. By Value
    3. Transportation And Logistics
      1. By Value
    4. Entertainment
      1. By Value
  3. By Technology
    1. Introduction
      1. Technology By Value
    2. Near-Field Communication (NFC)
      1. By Value
    3. Magnetic Strips & Tokens
      1. By Value
    4. Smartcards
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Automatic Fare Collection System Market Share By Manufacturers
3. Automatic Fare Collection System Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. Advanced Card Systems Ltd.
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Cubic Transportation Systems
3. Atos SE
4. LG CNS
5. NXP Semiconductors
6. Samsung SDS
7. Omron Corp
8. Scheidt & Bachmann
9. Thales Group
10. LECIP Group
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/automatic-fare-collection-system-market/toc

Market News

In March 2022, Thales Group and PAL Aerospace signed an agreement to develop the next-generation mission systems.
In September 2022, Cubic Transportation systems partnered with New England Traffic Solutions to provide a single point of contact to all its customers, with combined customer service and broadening its footprint in the Northeast region.
In September 2022, Omron and NTT communications joined hands to develop solutions for faster manufacturing.

News Media

Global Intelligent Transportation Systems Market to Grow at a CAGR of 5.75% During 2022 –2030

Global Transportation Management Systems Market to Grow at a CAGR of 17% by 2030

Demand for Eco-Friendly Transportation Pumps Global Electric Bicycle Market to Grow at 13.2% CAGR by 2030

Airways Transportation Mode Segment to Grow at the Highest CAGR in Smart Transportation Market During The Forecast Period – 2026

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About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

Published

2 hours ago

April 25, 2024

CISION (PR Newswire)

Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html

Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

Published

2 hours ago

April 25, 2024

CISION (PR Newswire)

sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment

This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).

Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Artificial Intelligence

Homestyler to Recruit First Batch of Global Partners in 20 Countries

Published

2 hours ago

April 25, 2024

CISION (PR Newswire)

MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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