Tolling and City Congestion Market (2018-2025) - Latest Research, Technology & Huge Growth in Asia-Pacific

In 2017, based on product type, the UTM segment dominated the Asia-Pacific tolling & city congestion market in terms of revenue. However, the ATMS segment is expected to grow at the highest CAGR during the forecast period (2018‐“2025). The Asia-Pacific tolling & city congestion market portrays a
promising future for the technological industry. The current business scenario witnessed an increase in the adoption of this technology, particularly in the developing regions. Therefore, key players have been adopting new techniques to provide advanced and innovative product offerings to their customers

According to a recent report published by Allied Market Research, titled, Asia-Pacific Tolling & City Congestion Market by Product Type and Region: Opportunity Analysis and Industry Forecast, 20182025, the Asia-Pacific tolling & city congestion was valued at $1,154.9 million in 2017, and is projected to reach $3,932.4 million by 2025, registering a CAGR of 16.7% from 2018 to 2025.

Factors such as rise in demand for efficient traffic management solutions,
increase in the number of vehicles, and reduction in environmental pollution majorly drive the adoption of tolling & city congestion systems.

Get Sample Copy of Report @: https://www.alliedmarketresearch.com/request-sample/5069?utm_source=OpenPR_V

However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio restrict the market growth. Furthermore, investments in the idea of smart cities and innovation of smart signal have created lucrative opportunities for the Asia-Pacific tolling & city congestion market.

The development of smart cities and connected transport infrastructure is supported by the governments of several countries owing to rapid growth of economies and rapid adoption of advanced technologies worldwide. Countries such as Australia, Japan, China, and those from North America that include Canada, the U.S., and Mexico, have initiated the installation of digital infrastructure to facilitate connectivity between vehicles and infrastructure to gather important information to reduce traffic congestion and make roads safer.

Key Findings of the Study
• Based on product type, the UTM segment dominated the Asia-Pacific tolling & city congestion market in 2017.
• ATMS is anticipated to exhibit the highest CAGR during the forecast period.

Traffic management systems are commonly known as intelligent transportation systems (ITS). These are superior applications, which aim to provide innovative services in different modes of transport and traffic management. They help increase coordination among various users and enable them to stay better informed and make safer and smarter use of transport networks. Smart transportation has various types of applications such as parking management & guidance, passenger information, and in traffic management.

More Inquiry or Any Questions @: https://www.alliedmarketresearch.com/purchase-enquiry/5069?utm_source=OpenPR_V

Factors such as rise in demand for efficient traffic management solutions, increase in number of vehicles, and reduction in environmental pollution majorly drive the adoption of tolling & city congestion systems.

However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio restrict the market growth. Furthermore, rise in investments in the idea of smart cities and innovation of smart signal offer lucrative opportunities for the Asia-Pacific tolling & city congestion market.

The key players operating in the Asia-Pacific tolling & city congestion market are Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, and GE transportation.

Access Full Sample Report @: https://www.alliedmarketresearch.com/asia-pacific-tolling-and-city-congestion-market

 

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.