The Global Electronic Toll Collection Market was valued at USD XX million in 2019, and is expected to grow at a CAGR of XX% by 2025. High proliferation of smartphones and growth in digitization are the driving factors for Electronic Toll Collection market.

Key Companies Analyzed in Electronic Toll Collection Industry 2019-2025 Global Market Report are: – 3M, Efkon AG, Kapsch Trafficcom AG, Vechain, Thales Group, and Transurban Limited among others.

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Increasing adoption efficient way to handle traffic system, increasing demand for monitoring vehicles for various purposes including security aspect, motivating and solving in traffic congestions in various level, rising urbanization, rising population are some of the important factor to drive the growth of the market.

Emerging economies, rising demand for effective toll monitoring, motive to reduce accident fatalities and other way traffic congestion are important factors to boost the growth of the market.

APAC region is expected to dominate the market, dominance is attributed to rising population and growing industrial investments and infrastructure investments in these areas are important factor to support the market.

Expanding further under through GPS traction and further developing countries adoption of this system has turned out as a important opportunity for the market.

The Application market is dominated by Highway segment. The dominance is supported by technological development and adoption of those helped the segment to dominate the market.

Moreover, the market is classified based on regions and countries as follows:

North America- U.S., Canada

Europe- Germany, U.K., France, Rest of Europe

Asia-Pacific- China, Japan, India, Rest of Asia Pacific

Latin America- Brazil, Mexico, Rest of Latin America

Middle East & Africa- UAE, South Africa, Saudi Arabia, Rest of Middle East & Africa

Global Electronic Toll Collection Industry is spread across 121 pages, profiling 06 companies and supported with tables and figures.

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Key Benefits of the Report:

*Global, regional, country, propulsion type, and application market size and their forecast from 2014-2025

*Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market

*Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies

*Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points

*Analysis on Key players strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market

Target Audience:

*Electronic Toll Collection Manufacturers & Technology Providers

*Traders, Importers, and Exporters

*Raw Material Suppliers and Distributors

*Research and Consulting Firms

*Government and Research Organizations

*Associations and Industry Bodies

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Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:

* Manufacturers

* Suppliers

* Distributors

* Government Body & Associations

* Research Institutes

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This post was originally published on Downey Magazine