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Electronic Toll Collection Market – Worldwide OverviewElectronic Toll Collection (ETC) System market, over the past few years is perceiving a rapid upsurge evolving extensively.

Emergence of these systems has brought up the convenience of systematic, congestion free travel experience & a much reduced traveling time.

Which, people are actually enjoying & appreciating increasingly demanding for these systems to be implemented at the toll collection centres for the highways, sea links & fly overs.

Besides, these systems are embedded with some unequally designed features such as Card payment (cashless travel facility), appropriate charging for the single/ return journey & most importantly some value added services like accident & emergency incidence aid/assistance.

Besides implementation of ETCs ensure savings on transaction costs for government agencies as well as private road owners.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4971Technological advancements transpired in the field of ETC have introduced mobile apps for Tags collection which are further easing efforts people put in for down loading the toll payment receipts from their email account.

Acknowledging the increasing demand & growth the market is witnessing currently, Market Research Future (MRFR) has recently published a brilliant study report.

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The Global Electronic Toll Collection Market size is estimated to be USD 7.68 billion in 2019 and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030.Electronic Toll Collection is a system which is meant for the automatic toll collection without stopping at toll booth.

This helps in the reduction of vehicle congestions and also notifies the entry of non-registered vehicle in the city.Access Full Description of this report at:- https://www.nextmsc.com/report/electronic-toll-collection-market Top Companies: 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation Systems, Inc., Q-Free and others.The global electronic toll collection market share is analyzed on the basis of subsystem, technology, application and geography.

On the basis of subsystem, the market is segmented into Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing.

On the basis of technology, the market is divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics.

Based on application, the market is fragmented into urban and highways.

Furthermore, increase in technological advancement and presence of developed infrastructure coupled with increase in traffic congestions is expected to drive the growth of electronic toll collection market.

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The global electronic toll collection market held USD 9331.8 million in 2020 and is to grow with a CAGR of 10.7% during forecast period.

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Based on application, the market is bifurcated into urban and highways.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Browse Full Report On Global Electronic Toll Collection Market at https://www.decisionforesight.com/reports/electronic-toll-collection-marketCompetitive Analysis:Thales SAKapsch TrafficCom AGToshiba CorporationConduent LLCRaytheonSiemens AGCubic TransportationTransCore LPPerceptics LLCEFKON GmbHXerox CorporationGeographic Analysis:On a regional basis,North American consumer electronics industry is expected to develop steadilybecause of the large number of internet users and the early adoption of smart household electric equipment& IOT Technology.

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11th October, 2018 - Electronic Toll Collection Systems Market has been gaining momentum across the developed economies, such as UK, Germany, U.S., Canada, and France.

Modernization of ETC technology is expected to act as a driving force for the demand across the developing countries such as China and India.Highways and urban areas are increasingly adopting ETC due to its property of a cashless duty system.

This system can be responsible for facilitating the duty collection process using recent technological solutions such as, DSRC, video, GNSS / GPS, and RFID analysis.

As well as effectively responsible for managing traffic on heavily congested areas.

The value chain of ETC systems include OEMs, suppliers of technology & equipment, operators, and system integrators.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electronic-toll-collection-etc-systems-market/request-sampleETC systems are automated, reducing entire manual operations paying duties by the receivers.

The overall demand is driven by cashless travel facility, fast duty transactions, the need to save travel time, and the requirement to stop as well as minimize traffic congestion.