Press release
Tolling and City Congestion Market Advanced Technologies, Trends, Current Trends and Revenue 2026
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.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5069
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.
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.
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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.
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.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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