Electronic Toll Collection Systems Market Expected to Increase Highest Revenue by 2027 with Key Vendors: are Kapsch Group, SkyToll, a. s., Mitsubishi Heavy Industries Machinery Systems, Conduent

According to a new market research study titled, "Electronic Toll Collection Systems Market To 2027 - Global Analysis and Forecasts by Offerings, and Technology Used". The global market accounted for US$ 5.2 billion in 2017 and is also estimated to reach US$ 9.1 billion by 2027 thereby registering a CAGR growth rate of 6.5% from 2019 to 2027. The report highlights the key trends prevalent in the global electronic toll collection systems market and the factors driving the market along with those that act as deterrents to its growth.

The Insight Partners reports titled “The Electronic Toll Collection Systems Market” and forecast to 2027 gives a detailed analysis of the market with key company profiles. The Industrial Electronic Toll Collection Systems Market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.

The European Union’s EETS (European Electronic Toll Collection Service) regulation and guidelines for effective implementation of electronic toll collection systems and seamless transit transaction collection have resulted in Europe’s leading market share in the global electronic toll collections system. Further, the strong economic background along with coupled with government support has also facilitated the early adoption of electronic toll collection systems for reducing the congestion across toll plazas and gateways. Also, the growing emphasis towards reducing vehicle pollution and the popularity of intelligent transportation services are projected to drive the market growth of electronic toll systems in the region.

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some of the leading players that are currently present in the market are Kapsch Group, SkyToll, a. s., Mitsubishi Heavy Industries Machinery Systems, Ltd. Conduent Inc., and Thales Group among other market players.

Key Benefits
• The study provides an in-depth analysis of the global Electronic Toll Collection Systems Market to elucidate the prominent investment pockets.
• Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
• The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
• The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.

The report also puts forward the current and future market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Industrial Electronic Toll Collection Systems Market in the coming years.

The rising demand for interoperable electronic toll collection systems is anticipated to have a profound influence over the market growth. Further, the growing volume of freight transportation through road as well as the slow pace of infrastructure growth among developing economies is anticipated to drive the congestion across various toll centers and plazas in the coming years. Subsequently, driving the demand for efficient toll collection to accommodate the surge in traffic volume increasing demand for electronic toll collection systems among emerging economies.
Whereas among the developed region the market is primarily driven by service, and maintenance of existing electronic toll collection systems, as the government strive towards providing superior traveling experience for the travelers.

The market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Industrial Electronic Toll Collection Systems Market is likely to showcase symbolic growth opportunities owing to growing demands for Industrial Electronic Toll Collection Systems across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.

The report segments the global electronic toll collection systems market as follows:

Global Electronic Toll Collection Systems Market - By Offerings
Hardware Equipment
Service

Global Electronic Toll Collection Systems Market - By Technology Used
ANPR
DSRC
GNSS
Others

Global Electronic Toll Collection Systems Market - By Geography

North America
U.S.
Canada
Mexico

Europe
UK
Germany
France
Russia
Rest of Europe

Asia-Pacific (APAC)
Japan
China
India
Australia
Rest of APAC

Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA

South & Central America (SAM)
Brazil
Rest of SAM

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

This release was published on openPR.