With actionable insights uncovered through in-depth researh of the market, we try to bring about game-changing success for our clients.Global Electronic Toll Collection Market: Market PotentialA 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 China Smoking Set Factory payments across the country, supporting the cashless economy initiative of the government.Read Comprehensive Overview of Report /electronic-toll-collection-market Global Electronic Toll Collection Market.

Competitive AnalysisCubic Transportation Systems, Inc. The need for multiple toll plazas is ruled out owing to the installation of electronic toll collection systems, saving additional costs.Similarly, in April 2017, the Transport Minister of Vietnam ordered swift installations of electronic toll collection equipment across the major highways of the country. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Global Electronic Toll Collection Market: Key TrendsAs these systems eliminate manual operations by toll receivers and payers, the demand for electronic toll collection is likely to witness an upsurge. Singapore, India, Malaysia, China, and Thailand are expected to represent a large slice of revenue of the overall market. North America is expected to advance at a rapid pace due to the growing demand for safe, efficient, and secure toll collection infrastructure. Malaysia is another nation which has been promoting the adoption of electronic toll collection systems via its PLUS highways that offer cashless, fully electronic payments. Eliminating delay on highways and roadways, the system ensures that toll payment is made electronically in a hassle-free manner. Electronic toll collection systems offer cost-efficient solutions that are faster too.The global electronic toll collection system market can be segmented by application, region, product type, and technology. 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.Global Electronic Toll Collection Market: Regional OutlookGeographically, the global market for electronic toll collection market can be segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa., Transurban Limited, VaaaN, Raytheon Company, and Schneider Electric SE are some of the leading companies operating in the global electronic toll collection market.Contact :Rohit BhiseyHead - Internet Marketing.

Cashless transactions offered by electronic toll collection systems do not only save travel time, but also minimizes traffic congestion near toll collection booths across roads and highways.Global Electronic Toll Collection Market: OverviewElectronic toll collection (TEC) systems are devices that enable the central management of toll operations via a single integrated solution. The growing demand for electronic toll collection systems in Asia Pacific can be attributed to favorable government policies, growing investments in infrastructural development, and increasing adoption of automation across several regions., 3M, EFKON AG, Kapsch TrafficCom, Xerox Corporation, Q-Free, Toll Collect GmbH, TransCore, Far Eastern Electronic Toll Collection Co. Features such as Touch ‘n Go Card, PlusMiles Card, and SmartTag have enabled smooth transactions, ensuring that 600 vehicles can pass through a TnG lane per hour, compared to 180 vehicles per hour that previously paid manually.Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. However, high dependence on government funding and high installation costs of these devices might restrain the growth of the market. By product type, the global market for electronic toll collection can be segmented into antennae, treadles, transponders, weigh-in-motion devices, film storage devices, cameras, communication systems, and scanning devices.About TMR ResearchTMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. By technology, the market can be categorized into global positioning system (GPS), dedicated short range communications (DSRC), radio-frequency identification, and global navigation satellite system (GNSS)