openPR Logo
Press release

Electronic Toll Collection Market 2018 Global Leaders: Xerox, Siemens AG, Thales Group, Raytheon Company, Toll Collect GmbH, TransCore, VaaaN, GeoToll

01-25-2018 12:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Electronic Toll Collection Market 2018 Global Leaders: Xerox,

Market Research Future published a research report on “Electronic Toll Collection Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Electronic toll collection market size is expanding rapidly to cater to the growing demand of safe infrastructure. Technological advancements in this industry have forced the governments across the globe to make heavy investments on toll lanes. Positive government support in framing new standards and regulations regarding implementation of these systems and tolling has catapulted the industry growth. These systems are beneficial for companies and traffic agencies as they help to reduce costs by eliminating the requirement of multiple plazas. Furthermore, these systems positively impact the environment by reducing the exhaust emissions made during stoppages at manual booths.

Enhanced features of these systems such as lesser waiting time, assuring convenience of drivers and operators, cashless travelling facility, less environmental pollution, and reducing traffic congestion at the collection plazas are the benefits offered by this technology. Stringent government regulations and standards regarding toll collection coupled with increasing adoption of these systems in urban areas and highways will result in increasing demand of these systems.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4971

Key Players

Some of the key players in the market are 3M (U.S.), Xerox Corporation(U.S.), Q-Free (Norway), Cubic Transportation Systems, Inc. (U.S.), Siemens AG (Germany), Thales Group (France), Transurban Limited (Australia), International Road Dynamics, Inc. (Canada), Raytheon Company (U.S.), The Revenue Markets Inc. (U.S.), Schneider Electric SE (France), Toll Collect GmbH (Germany), Perceptics, LLC (U.S.), TransCore (U.S.), Far Eastern Electronic Toll Collection Co., Ltd. (Taiwan), and Xiamen Innov Information Technology Co., Ltd. (China); and software providers such as, VaaaN (India), TransCore, LP (U.S.), and GeoToll, Inc. (U.S.).

Regional Analysis

North America leads the market for global Electronic Toll Collection Market. The usage of four-wheelers and heavy vehicles is high in North America, which is the main reason for the requirement of an effective transportation system in the North American countries.

In the United States, the electronic toll collection market has peaked. The ETC market is now slowly entering its mature stage and market growth is diminishing. All large projects have been or are being deployed, and the U.S. is approaching the replacement stage. Despite this decreasing demand for ETC implementation, the North American ETC market is still growing and is expected to do so in the next few years, but at a lower rate. In fact, demand for ETC installation in small or medium roads starts growing.

In Canada, toll collection is a recent concept. Therefore, Canada appears as a new market and the Canadian market for electronic toll collection is still in the infancy stage. Canada started implementing ETC systems in the late 1990s and so far, the concept of toll collection has not been very popular. Even in the 407ETR in Ontario—nown as the very first, all-electronic toll highway in the world—demand for new ETC implementations in Canada is not assured.

There is tremendous reluctance at the political and institutional level to convert existing roadways to toll facilities, particularly if there is no reasonable alternate route which is not tolled. Because of customers' reluctance to accept the system and political fears, the Canadian ETC market in the next few years.

The European toll market, currently characterized by a large number of national companies and organizations, is also undergoing change. Countries such as Germany, France and Belgium have recognized that the market is changing and are moving toward setting standards.

The growing demand for electronic toll collection systems in Asia Pacific can be attributed to favourable government policies, growing investments in infrastructural development, and increasing adoption of automation across several regions.

A number of emerging economies are increasingly addressing the need to adopt time and cost efficient electronic toll collection systems throughout the major cities. For instance, in India, the National Payments Corporation of India has been encouraging several highways to install electronic toll collection systems with a view to increase digital payments across the country, supporting the cashless economy initiative of the government.
Nearly 14-16% of the toll collection in the country has been converted into electronic mediums, with the transaction number rising up to 7 million per month, reported the National Electronic Toll Collection in April 2017. The availability of advanced, easy, and convenient digital platforms for payment such as BharatQR and Samsung Pay has eliminated the waiting time required for card swipes.

Get complete Report @ https://www.marketresearchfuture.com/reports/electronic-toll-collection-market-4971

Intended Audience

• Technology Providers
• Research organizations
• Technology investors
• Venture capitalists
• Government organizations

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact:

Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.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 Electronic Toll Collection Market 2018 Global Leaders: Xerox, Siemens AG, Thales Group, Raytheon Company, Toll Collect GmbH, TransCore, VaaaN, GeoToll here

News-ID: 917609 • Views:

More Releases from Market Research Future

Returnable Packaging Market Growth And Opportunity By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2032
Returnable Packaging Market Growth And Opportunity By Segmentations, Top Key Pla …
In the global effort to mitigate environmental impact, industries are increasingly turning to sustainable practices. Among these, the returnable packaging market has emerged as a significant player, offering a solution that reduces waste and fosters a circular economy. Returnable packaging, also known as reusable or refillable packaging, encompasses containers, pallets, crates, and other materials designed for multiple trips between suppliers and customers. This concept stands in stark contrast to the traditional
Shoe Packaging Market Expanding at a Healthy 3.50% CAGR | Industry Analysis by Top Leading Player, Key Regions, Future Demand and Forecast up to 2032
Shoe Packaging Market Expanding at a Healthy 3.50% CAGR | Industry Analysis by T …
Shoe packaging is an essential aspect of the footwear industry that goes beyond mere protection during transit. It serves as a visual representation of a brand's identity, communicates product information, and enhances the overall customer experience. As the footwear market continues to expand globally, the demand for innovative and sustainable packaging solutions is on the rise. Market Trends and Dynamics The shoe packaging market has witnessed significant growth in recent years, driven
InGaAs Image Sensor Market Prospects by Size and Share | Value Chain Analysis and Forecast to 2032
InGaAs Image Sensor Market Prospects by Size and Share | Value Chain Analysis an …
InGaAs Image Sensor Market Insights: InGaAs Image Sensor Market Size was valued at USD 0.08 Billion in 2022. The InGaAs Image Sensor Market industry is projected to grow from USD 0.09 Billion in 2023 to USD 0.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2023 - 2032). Rising demands for CMOS image sensors, as well as rising demand from fast growing industries
Synthetic Paper Market to Register Highest CAGR Growth of 9.50% by 2032: Analysis by Segmentation, Competitors Analysis, Product Research, and Future Trends
Synthetic Paper Market to Register Highest CAGR Growth of 9.50% by 2032: Analys …
In an era marked by rapid technological advancement and environmental consciousness, the synthetic paper market emerges as a pivotal player, reshaping traditional industries and paving the way for sustainable solutions. Synthetic paper, a versatile alternative to traditional pulp-based paper, has garnered significant attention owing to its durability, eco-friendliness, and diverse applications across various sectors. Unveiling Synthetic Paper: Synthetic paper, also known as polymer paper, is a manufactured material engineered to mimic the

All 5 Releases


More Releases for Toll

Luxury House Interior Design Market is Going to Boom | Archi Pro, Toll Brothers, …
The Latest research study released by HTF MI “Luxury House Interior Design Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this
PARKnSECURE TOLL MANAGEMENT SOLUTION: ADVANCED AUTOMATED TOLL OPERATION SYSTEM
In recent days, PARKnSECURE (I) PVT LTD has entrenched its solution scope to TMS (Toll Management System) that will automate entire operation at Toll Plazas in India, from vehicle classification to toll collection, without affecting traffics at toll plazas. This year, the Company announced its new strategy in terms of new solution where it has started automating Toll Management System solution specialized for the Toll Roads. Solution is mainly focused
Electronic Toll Collection Market - Nearly 14-16% of the toll collection in the …
Electronic toll collection (TEC) systems are devices that enable the central management of toll operations via a single integrated solution. Eliminating delay on highways and roadways, the system ensures that toll payment is made electronically in a hassle-free manner. The global electronic toll collection system market can be segmented by application, region, product type, and technology. By product type, the global market for electronic toll collection can be segmented into antennae,
Toll-Like Receptor (TLR) Agonists & Antagonists Toll Market Analysis- Regional O …
Report Bazzar has released its latest research-based report entitled ‘Toll-Like Receptor (TLR) Agonists & Antagonists Toll market.' This comprehensive report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Toll-Like Receptor (TLR) Agonists & Antagonists Toll Market worldwide along with the key trends and latest technologies, playing a prominent role in the Toll-Like Receptor (TLR) Agonists & Antagonists
Global Electronic Toll Collection Systems Market Research Report 2017 Industry S …
In this report, the global Electronic Toll Collection Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electronic Toll Collection Systems in these regions, from 2012
New lanes opened at Zambezi Toll Plaza
Bakwena Platinum N1N4, is pleased to announce the opening of the two additional lanes at the on-ramp at the Zambezi Toll Plaza, on the N1 freeway. This will be followed by the opening of the two additional lanes at the on-ramps. The upgrade includes two new lanes per direction, which will further enhance the renovation carried out in 2015 to build the double diverging diamond interchange, says Liam Clarke, commercial manager