Electronic Toll Collection (ETC) Market Worth Value Size Growth Share Trends Outlook Industry Statistics | Valuates Reports

The Global Electronic Toll Collection Market is expected to grow from USD 702.584 Billions in 2018 to USD 1223.568 Billions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.24%.

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"Need advance electronic toll collection systems and other mobility solutions to increase overcome traffic congestion with improved traffic flow per lane is one of the factors largely attributing to the growth of the Global Electronic Toll Collection Market "

The factors attributing to the growth of the market are Increasing undertaking of smart city projects globally across the world, Need advance electronic toll collection systems and other mobility solutions to increase overcome traffic congestion with improved traffic flow per lane, Improved convenience and transparency in toll collection process due to cashless travel facility, and Increased allocation of funds by the government to deploy advance infrastructure for toll collection process. However, some factors such as Sluggish transportation infrastructure sector in underdeveloped countries and High operation and maintenance costs may hinder the market growth. The Global Electronic Toll Collection Market is expected to showcase the opportunities such as Asian cities focussing to deploy ITS solutions for public transport, Rising PPP in transportation sector, and Rapid transition towards all-electronic tolling systems. In the near future market may face the possible challenges in the growth due to Non-uniformity in technology selection resulting in several interoperability and standardization issues across deployments. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the Global Electronic Toll Collection Market.

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On the basis of Technology, the Global Electronic Toll Collection Market is studied across Automatic Vehicle Classification, Automatic Vehicle Identification, Transaction Processing, and Violation Enforcement System.

On the basis of Operation, the Global Electronic Toll Collection Market is studied across Dynamic Tolling, Integrated Open Road Tolling with Existing Toll Facilities, Mileage-Based User Fees, Open Road Tolling, and Video Tolling.

On the basis of Component, the Global Electronic Toll Collection Market is studied across Hardware, Service, and Software.

On the basis of Application, the Global Electronic Toll Collection Market is studied across Highways and Urban Areas.

"Conduent Incorporated the potential growing player for the Global Electronic Toll Collection Market"

The key players profiled in the Global Electronic Toll Collection Market are Conduent Incorporated, Toshiba Corporation, Q-Free ASA, Siemens AG, Indra Sistemas, S.A., Abertis Infraestructuras S.A., Raytheon Company, Vinci SA, Kapsch Trafficcom AG, Quarterhill Inc., Thales Group, TollPlus LLC, EFKON AG, Transcore Atlantic LLC., Far Eastern Electronic Toll Collection Co. (FETC), Mitsubishi Heavy Industries, Ltd., Neology, Inc., Cubic Transportation Systems, Inc., GeoToll Inc., and A-to-Be.

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In the report, we have covered two proprietary models, the 360iResearch FPNV Positioning Matrix and 360iResearch Competitive Strategic Window. The 360iResearch FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The 360iResearch Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.

Research Methodology:

Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Electronic Toll Collection Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Electronic Toll Collection Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Electronic Toll Collection Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Electronic Toll Collection Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Electronic Toll Collection Market

The report answers questions such as:
1. What is the market size of Electronic Toll Collection market in the Global?
2. What are the factors that affect the growth in the Global Electronic Toll Collection Market over the forecast period?
3. What is the competitive position in the Global Electronic Toll Collection Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Electronic Toll Collection Market?
5. What are the opportunities in the Global Electronic Toll Collection Market?
6. What are the modes of entering the Global Electronic Toll Collection Market?

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