Electronic Toll Collection Market is expected to reach $8.65 Billion by 2020

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Do You Know That The Electronic Toll Collection
System Market Is Expected To Reach 8.65 Billion
by 2020
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Electronic toll collection is a cashless tolling
system which is increasingly being adopted on
highways and urban areas. This system helps to
efficiently manage the traffic on highly
congested areas and also facilitates the tolling
collection process by using the latest
technological solutions, such as the RFID,
GPS/GNSS technology, DSRC, and video
analytics.  An electronic toll collection system
reduces the delays caused on toll roads by
providing an easy and quick access for vehicle
drivers to pass through the tolls. The advanced
toll collection systems are based on the latest
technologies and help eliminate congestions on
highways and in urban areas.
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Electronic toll collection systems are widely
adopted in many countries worldwide. Open road
tolling is a type of tolling system which doesnt
employ toll booths. The main advantage provided
by open road tolling is that the users can drive
vehicles at high speeds, without being stopped at
the toll booths. Many companies are engaged in
providing new developments related to the
electronic toll collection system market.
According to the World Health Organization
(U.S.), about 1.2 Million people are killed in
road accidents every year, and about 50 Million
people are injured. The electronic toll
collection system plays an important role in
ensuring safety for the vehicles while passing
through the toll booths, which acts as a catalyst
for the growth of this market.
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This Research Report is based on an in-depth
research study of the electronic toll collection
system market across applications such as
highways and urban areas. The report focuses on
the various types of emerging applications that
are available commercially, and forecasts the
market demand for the electronic toll collection
system market till 2020. The report also provides
the competitive landscapes of the key players
which indicate their growth strategies in the
electronic toll collection system market.
Download PDF Brochure here http//www.marketsandm
arkets.com/pdfdownload.asp?id224492059
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The report also presents market dynamics such as
the drivers, restraints, and opportunities in the
market. Apart from the in-depth view on the
market segmentation on the basis of type,
technology, application, and geography, the
report also includes the critical market data and
qualitative information for each type along with
the qualitative analyses such as the Porters
five force analysis, value chain analysis, supply
chain, and market breakdown. The electronic toll
collection system market is expected to reach
8.65 Billion by 2020, at a CAGR of 10.93
between 2015 and 2020.
Download PDF Brochure here http//www.marketsandm
arkets.com/pdfdownload.asp?id224492059
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Electronic toll collection systems are widely
adopted in many countries worldwide. Open road
tolling is a type of tolling system which doesnt
employ toll booths. The main advantage provided
by open road tolling is that the users can drive
vehicles at high speeds, without being stopped at
the toll booths. Many companies are engaged in
providing new developments related to the
electronic toll collection system market.
According to the World Health Organization
(U.S.), about 1.2 Million people are killed in
road accidents every year, and about 50 Million
people are injured. The electronic toll
collection system plays an important role in
ensuring safety for the vehicles while passing
through the toll booths, which acts as a catalyst
for the growth of this market.
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The market size of the electronic toll collection
system market is expected to grow at a CAGR of
10.93 between 2015 and 2020. This report focuses
on detailed segmentations of the market along
with qualitative and quantitative analysis of
every aspect of the classification on the basis
of type, application, and geography. The detailed
market forecast till 2020 gives a glimpse of the
potential market size in terms of value in this
market. Top key players in this market The
major players in this market include 3M (U.S.),
Kapsch TrafficCom AG (Austria), EFKON AG
(Austria), Schneider Electric SE (France),
Siemens AG (Germany), Cubic Transportation
Systems, Inc. (U.S.), Xerox Corporation (U.S.),
Thales Group ( France), Q-Free (Norway), and 
TransCore LP (U.S.).
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markets.com/Market-Reports/electronic-toll-collect
ion-system-market-224492059.html
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