Press release
Thailand and Philippines Tolling & City Congestion Market growing due to rise in demand for efficient traffic management solutions, increase in number of vehicles, and reduction in environmental pollution are major factors driving the adoption of tolling
The tolling system is an automated mechanism, which helps reduce the delay on toll bridges, toll roads, and toll tunnels without human intervention for toll receivers and payers. It can electronically charge a toll to an established customer account through real-time tracking and monitoring system. The latest innovation in tolling system is the electronic toll collection (ETC) that allows vehicles to pass through a toll facility without stopping at the toll center. This tolling system uses technologies such as radio-frequency identification (RFID), dedicated short-range communication (DSRC), infrared, global navigation satellite system (GNSS)/global positioning system (GPS), and video analytics, for its operation.
Get sample Report: https://www.alliedmarketresearch.com/request-sample/5044?utm_source=openpr_Niranjan
According to a recent report published by Allied Market Research, titled,the Thailand and Philippines tolling & city congestion market was valued at $381.1 million in 2017, and is projected to reach $1,474.7 million by 2025, registering a CAGR of 18.6% 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 are the major factors driving 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 are the major restraining factors for this market. Furthermore, investments in the idea of smart cities and innovation of smart signal have created lucrative opportunities for Thailand and Philippines tolling & city congestion market.
Purchase Report: https://www.alliedmarketresearch.com/request-sample/5044?utm_source=openpr_Niranjan
According to Pranav Padalkar & Akshay Jadhav, Lead Analysts, Automotive and Transportation, at Allied Market Research, In 2017, based on product type, the UTM segment dominated the Thailand and Philippines tolling & city congestion market in terms of revenue. However, the ATMS segment is expected to grow at the highest CAGR during the forecast period (20182025). The Thailand and Philippines tolling & city congestion market portrays a promising future for the technological industry. The current business scenario witnessed an increase in 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.
KEY FINDINGS OF THE STUDY:-
Based on product type, the UTM segment dominated the Thailand and Philippines tolling & city congestion market in 2017. Philippines is anticipated to exhibit the highest CAGR during the forecast period.
About Us:-
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:-
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thailand and Philippines Tolling & City Congestion Market growing due to rise in demand for efficient traffic management solutions, increase in number of vehicles, and reduction in environmental pollution are major factors driving the adoption of tolling here
News-ID: 1460807 • Views: โฆ
More Releases from Allied Market Research
Community Based Tourism Market Expected to Surge to $2136.8 Billion by 2032, Dri โฆ
According to a new report published by Allied Market Research, titled, "Community Based Tourism Market Size, Share, Competitive Landscape and Trend Analysis Report by Age, by Traveler Type, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032." The report offers an in-depth examination of key investment areas, successful strategies, drivers, opportunities, market size estimations, competitive landscape, and evolving market trends. ๐๐ก๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐๐ฌ๐๐ ๐ญ๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญโฆ
K-pop Events Market Expected to Surge to $20 Billion by 2031, Driven by 7.3% CAG โฆ
According to a new report published by Allied Market Research, titled, "K-pop Events Market by Type (Rock, Jazz, Pop, Others), by Revenue Source (Tickets, Sponserships, Others), by Gender (Male, Female): Global Opportunity Analysis and Industry Forecast, 2021-2031". The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter's Five Forces, and competitive scenario. ๐๐ก๐ ๐ค-๐ฉ๐จ๐ฉ ๐๐ฏ๐๐ง๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐งโฆ
Music Event Market Size Value US$ 481.4 Billion by 2031, with a CAGR of 9.7% Rec โฆ
๐๐ก๐ ๐ฆ๐ฎ๐ฌ๐ข๐ ๐๐ฏ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ ๐๐ง๐ ๐ข๐ฌ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก $๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ญ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
According to a new report published by Allied Market Research, titled "Music Event Market By Revenue Source, By Genre, By Type, By Age Group, By Gender: Global Opportunity Analysis and Industry Forecast, 2021-2031" The report provides a detailed analysis of theโฆ
Glamping Market Projected to Worth US$ 7.11 Billion by 2031, Growth Rate (CAGR) โฆ
According to a new report published by Allied Market Research, titled, "Glamping Market By Application, By Age Group, By Size, By End User, By Distribution Channel, By Product Type: Global Opportunity Analysis and Industry Forecast, 2021-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. ๐๐ก๐ ๐ ๐ฅ๐๐ฆ๐ฉ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐.๐๐โฆ
More Releases for Philippines
Philippines Used Car Market
Philippines Used Car Market is expected to Gain Momentum from the Emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research
The used car market structure in Philippines is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. This will be mainly on account of transparent and fair used car dealings/tradingโฆ
Philippines Quick Service Restaurants Market Booming Segments; Investors Seeking โฆ
Philippines Quick Service Restaurants Market by Food Type, and Nature: Philippines Opportunity Analysis and Industry Forecast, 2019โ2026,โ The Philippines quick service restaurants market size was valued at $4.6 billion in 2018, and is expected to reach $7.9 billion by 2026, registering a CAGR of 6.9% from 2019 to 2026.The burger/sandwich segment was the highest contributor to the market, with $1.7billion in 2018, and is estimated grow at a CAGR ofโฆ
Consumer Appliances in the Philippines
ReportsWeb.com has announced the addition of the โConsumer Appliances in the Philippinesโ to its database.
Volume sales of consumer appliances witnessed stable growth in 2016, as rising disposable incomes and changing consumer lifestyles benefited sales. More Filipinos are able to purchase essential appliances such as washing machines and desk fans, while specialised appliances such as countertop blenders are experiencing rising sales due to increased consumer interest.
Request a Sample at http://www.reportsweb.com/inquiry&RW0001525756/sample .
Publisher'sโฆ
Retailing in the Philippines
With higher disposable incomes, consumers were encouraged to shop in higher quantities and to spend on more expensive products in 2016. Grocery retailers enjoyed bigger baskets, whilst non-grocery retailers saw an increased preference for and appreciation of higher-priced merchandise. This can be attributed to the continued inflow of remittances from OFW (overseas Filipino workers) and to the sustained growth of the BPO (business process outsourcing) sector, along with a lowerโฆ
Soft Drinks in the Philippines
ReportsWeb.com has announced the addition of the โSoft Drinks in the Philippinesโ The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
The Philippine soft drinks industry generated stronger growth in 2016 thanks to increasing disposable incomes. Total current value growth was higher than total volume growth at industry level in 2016, a trend which reflects the shift towards smaller pack sizes,โฆ
Agrochemicals Market in Philippines
ReportsWorldwide has announced the addition of a new report title Philippines: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports.
The report โPhilippines: Agrochemicals: Market Intelligence (2016-2021)โ provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. Aโฆ
