Electronic Toll Collection Systems Market Size, Share, Trend & Growth Forecast to 2027| Kapsch Group, SkyToll, a. s., Mitsubishi Heavy Industries Machinery Systems

The electronic toll collection systems market is anticipated to reach US $9.1 billion by 2027 from US$ 5.3 billion in 2018 thereby registering a moderate CAGR growth rate of 6.5% during the forecast period.

The toll collection at roads, tunnels, or expressways among others have proven to be an efficient medium for collecting fees, tax, generating revenue for public-private partnered infrastructure projects or maintenance fees for the state as well as government agencies. The tolls collected are subsequently utilized for various public services such as maintenance of highways, tunnels, bridges, financing future expansion of projects and managing congestion among others some objectives. As a result, the Asia-Pacific region to witness the most attractive growth rate by region in the global electronic toll collection system market. The South America electronic toll collection systems market region is expected to witness a CAGR growth rate of 5.93% in the coming years.

Get Sample PDF Copy @ http://bit.ly/2NXpLRM

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.

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 for electronic toll collection systems is globally has been segmented into two segments namely: offerings and technology used. Based on technology, the market is broadly classified into ANPR, DSRC, GNSS, and other major technologies that are being used for delivering electronic toll collection systems. Whereas, the offerings segment is divided into hardware equipment and services that are offered by various market players.

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electronic Toll Collection Systems Market
- Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography
- The key findings and recommendations highlight crucial progressive industry trends in the Electronic Toll Collection Systems Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Purchase this Copy @ http://bit.ly/32T8NbC

Contact us
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: http://www.theinsightpartners.com/

About us
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. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.