Showing posts with the label global electronic toll collection system market share

Comprehensive Report on Global Electronic Toll Collection (ETC) Systems market by Knowledge Sourcing Intelligence

  The electronic toll collection system is projected to grow at a CAGR of XX% to reach US$ XX million by 2024 from US$ XX million in 2018. ETC systems are considered as the most complex and the latest methods for toll collection. This allows the vehicles to pass through a toll facility without the requirement of stopping the driver.                            It helps in the smooth traffic flow thereby contributing towards efficient traffic management as well. Hence the electronic toll collection systems are continuing to evolve owing to several benefits these systems offer in comparison to the other toll collection methods. Furthermore, the growing electronic industry and growing IT industry is propelling the growth of the global electronic toll collection systems market in the forecast period. Government Regulation Regarding Carbon Emission: Electronic toll collection (ETC) works by collecting the toll without cash and there is no requirement for the car to stop to pay th