{"id":72878,"date":"2020-09-25T03:30:00","date_gmt":"2020-09-25T03:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2733304"},"modified":"2020-09-25T03:30:00","modified_gmt":"2020-09-25T03:30:00","slug":"electronic-toll-collection-market-worth-10-0-billion-by-2025","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/","title":{"rendered":"Electronic Toll Collection Market worth $10.0 billion by 2025"},"content":{"rendered":"

According to the new market research report“Electronic Toll Collection Marketwith COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR\/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region – Global Forecast to 2025”<\/strong>, published by MarketsandMarkets\"™\", the Electronic Toll Collection Market is projected to reachUSD 10.0 billion<\/span>by 2025 fromUSD 6.9 billion<\/span>in 2020; it is expected to grow at a CAGR of 7.7% during the forecast period. The growth of the ETC market is primarily attributed to the role of ETC system as an effective solution to reduce traffic congestion, accidents, and environmental pollution; strong government support to accelerate electronic toll collection, greater convenience and flexibility of cashless payments, and increased use of advanced technologies in transportation infrastructure.<\/p>\n

Ask for PDF Brochure:<\/strong><\/p>\n

https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=224492059<\/a><\/p>\n

Factors such as growing utilization of blockchain technology in toll collection systems, rising number of public-private partnership agreements in the transportation sector, and increasing transition to All Electronic Tolling (AET) systems from manual or coin-based tolling systems are expected to create growth opportunities for the market.<\/p>\n

RFID technology segment of the electronic toll collection market projected togrow at the highest CAGR during the forecast period.<\/strong><\/p>\n

RFID technology utilizes its radio-frequency electromagnetic fields for the identification of objects that carry RFID tags. This technology is used in electronic identification, tracking, and storing information contained on the tag. Two-way radio transmitters\/receivers called interrogators or readers send a signal to the tag and read its response. RFID readers scan the tag and then send that information to the database for storing. RFID is a prominent technology used in ETC systems owing to its low operational cost.<\/p>\n

Among application, the highways segment projected to hold a larger share of the electronic toll collection market during the forecast period.<\/strong><\/p>\n

Technologically advanced ETC systems have provided an efficient way to overcome all the problems related to toll collection on highways. Nowadays, ETC systems based on leading-edge technologies such as RFID, DSRC-, video analytics, and GNSS\/GPS are being used. ETC systems have been playing a crucial role in collecting a toll on highways, tunnels, and bridges wherein conventional or manual toll collection has been transitioning to all-electronic tolling (AET) and high-tech transportation systems.<\/p>\n

Browsein-depth TOC on<\/em>“<\/strong>Electronic Toll Collection Market<\/a>“<\/strong><\/p>\n

77 – Tables
55 – Figures
165 – Pages<\/strong><\/p>\n

Inquiry Before Buying:<\/strong><\/p>\n

https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=224492059<\/a><\/p>\n

The electronic toll collection market inNorth America<\/span>projected to hold the largest share in 2025.<\/strong><\/p>\n

North America<\/span>is expected to continue to lead the electronic toll collection market by capturing the largest market size throughout the forecast period. The US andCanada<\/span>are the key countries inNorth America<\/span>with most vehicles per person, which is one of the most contributing factors to the growth of the electronic toll collection market. Additionally, both the countries have the largest networks of interstate and state highways wherein advanced toll collection systems are installed at many locations, and several toll installation projects are in progress for lanes with high traffic. Leading companies such as TransCore (US), Raytheon (US), and Conduent (US) in the electronic toll collection market have their base inNorth America<\/span>while having operations in countries across the world. They contribute significantly to the growth of the electronic toll collection market in the region.<\/p>\n

Kapsch TrafficCom (Austria<\/span>), Conduent, Inc. (US), Efkon GmbH (Germany<\/span>), TransCore (US), Thales Group (France<\/span>). Raytheon Technology Corporation (US), Cubic Corporation (US), Siemens AG (Germany<\/span>), Neology Inc. (US), and Feig Electronics (Germany<\/span>) are a few major players in the electronic toll collection market.<\/p>\n

Related Reports:<\/strong><\/p>\n

Automatic Number Plate Recognition (ANPR) System Market<\/a>by Type (Fixed, Mobile, Portable), Component (ANPR Cameras, Software, Frame Grabbers, Triggers), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management), and Geography – Global Forecast to 2023.<\/p>\n

Intelligent Transportation System Market<\/a>with COVID-19 Impact Analysis by Offering, System (Advanced Traffic Management System, ITS-Enabled Transportation Pricing System, and Others), Application, and Geography – Global Forecast to 2025.<\/p>\n

Tags: Electronic Toll Collection Market<\/a><\/p>\n

See Campaign: <\/strong>https:\/\/www.marketsandmarkets.com\/Market-Reports\/electronic-toll-collection-system-market-224492059.<\/a>
Contact Information:<\/b>
Mr. Aashish Mehra
\nMarketsandMarkets\"™\" INC.
\n630 Dundee Road
\nSuite 430
\nNorthbrook, IL 60062
\nUSA: +1-888-600-6441<\/p>\n

Tags:<\/b>
<\/a>, Reportedtimes<\/a>, iCN Internal Distribution<\/a>, Extended Distribution<\/a>, Research Newswire<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Mr. Aashish Mehra
\nMarketsandMarkets\u2122 INC.
\n630 Dundee Road
\nSuite 430
\nNorthbrook, IL 60062
\nUSA: +1-888-600-6441<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

According to the new market research report “Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR\/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Electronic Toll Collection Market is projected to reach USD 10.0 billion by 2025 from USD 6.9 … Continue reading Electronic Toll Collection Market worth $10.0 billion by 2025<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,67,64,4],"tags":[],"class_list":["post-72878","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-icn-internal-distribution","category-reportedtimes","category-research-newswire"],"yoast_head":"\nElectronic Toll Collection Market worth $10.0 billion by 2025 - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronic Toll Collection Market worth $10.0 billion by 2025 - Business\" \/>\n<meta property=\"og:description\" content=\"According to the new market research report “Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR\/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Electronic Toll Collection Market is projected to reach USD 10.0 billion by 2025 from USD 6.9 … Continue reading Electronic Toll Collection Market worth $10.0 billion by 2025 Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-25T03:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png\" \/>\n<meta name=\"author\" content=\"SamirS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SamirS\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/\",\"name\":\"Electronic Toll Collection Market worth $10.0 billion by 2025 - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png\",\"datePublished\":\"2020-09-25T03:30:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1\"},\"breadcrumb\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage\",\"url\":\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png\",\"contentUrl\":\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Electronic Toll Collection Market worth $10.0 billion by 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1\",\"name\":\"SamirS\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g\",\"caption\":\"SamirS\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/fc\"],\"url\":\"http:\/\/ipsnews.net\/business\/author\/samirs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Electronic Toll Collection Market worth $10.0 billion by 2025 - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/","og_locale":"en_US","og_type":"article","og_title":"Electronic Toll Collection Market worth $10.0 billion by 2025 - Business","og_description":"According to the new market research report “Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR\/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Electronic Toll Collection Market is projected to reach USD 10.0 billion by 2025 from USD 6.9 … Continue reading Electronic Toll Collection Market worth $10.0 billion by 2025 Continue Reading →","og_url":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/","og_site_name":"Business","article_published_time":"2020-09-25T03:30:00+00:00","og_image":[{"url":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png","type":"","width":"","height":""}],"author":"SamirS","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SamirS","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/","url":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/","name":"Electronic Toll Collection Market worth $10.0 billion by 2025 - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage"},"image":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png","datePublished":"2020-09-25T03:30:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1"},"breadcrumb":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#primaryimage","url":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png","contentUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/2122.png"},{"@type":"BreadcrumbList","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/25\/electronic-toll-collection-market-worth-10-0-billion-by-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Electronic Toll Collection Market worth $10.0 billion by 2025"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1","name":"SamirS","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g","caption":"SamirS"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"http:\/\/ipsnews.net\/business\/author\/samirs\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/72878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=72878"}],"version-history":[{"count":0,"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/72878\/revisions"}],"wp:attachment":[{"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=72878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=72878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=72878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}