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Electronic Toll Collection Market – Rising Trends and Technology 2020-2030

Oliver

Electronic Toll Collection Market – Rising Trends and Technology 2020-2030

Market Overview:

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. Manual operations for the toll collection process is been performed which is time consuming and causes a traffic delay at toll booths during dash hours. This process is more liable to errors and is also considerably slower than automated methods. This factor has given birth to electronic toll collection (ETC) system, which rapidly eliminates the manual operations by toll payers and receivers. These systems consist of sophisticated cameras and sensors to capture an image of vehicle's registration plate and also use wireless communication to automatically collect the correct toll. The market is expected to propel towards a strong growth rate in the upcoming period. In addition, the presence of a large number of highways with high traffic is fueling the need for better traffic management solutions. Far Eastern ETC Company successfully brings off the Build Operate Transfer (BOT) project for ITS traffic management; it turns the traditional highway toll collection system into an integrated intelligent ETC system for mobility management.

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Market Dynamics and Factors:

Reuirement to save time, push by several governments for cashless travel facilities and requirement for the minimization of congestion and fast toll transaction are some of the major factors driving the growth of the market. Additionally, demand for effective traffic management at toll collection center, growth in facilities of cashless travelling, and increase in adoption of ETC in the developing regions are also propelling the growth of this market. Further, improved, safe, and secure infrastructure have also lead to boost in need for this system. However, high initial cost for the installation coupled with the significant operating and maintenance cost is hampering the market growth. Moreover, increased safety and better environment are projected to offer opportunities for the market.

Market Segmentation:

Based on subsystem, the global electronic toll collection market is segmented into automated vehicle identification, automated vehicle classification, violation enforcement system, and transaction processing. Based on technology, the market is categorized into radio-frequency identification, dedicated short-range communication, infrared, GNSS & GPS, and video analytics. By the charging toll amount, the market is further classified distance based, point based, time based, and perimeter based. 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.

Geographic Analysis:

North America dominated the global market and was accounted around USD 2,775.3 million in 2017 and is expected to register a CAGR of 9.9% during the upcoming period. North America is the leading region across the global in terms of market share owing to increasing traffic and developed road infrastructures in the region. However, the market in the Asia-Pacific is exhibited to the fastest-growing due to increasing traffic problems at the highest CAGR of 13.6% during the forecast timeframe.

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Competitive Scenario:

The key players of global electronic toll collection markets are Thales SA, Kapsch TrafficCom AG, Toshiba Corporation, Conduent LLC, Raytheon, Siemens AG, Cubic Transportation, TransCore LP, Perceptics LLC, EFKON GmbH, and Xerox Corporation.

The intelligent highway toll collection technology was developed in February 2017 for Taiwan, offering potential for export across Asia and Europe coupling with approximately 1.5 million daily vehicle trips and an average saving of 15 minutes/vehicle trip, the total savings of traffic time is estimated at 22.5 million minutes daily and carbon savings of 572,000 tons of CO2.

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Oliver

5 Reasons Custom Software Development is Valuable for Financial Service Provider

Technbrains 2021-06-28

As a result, all financial organizations, from banks to insurance firms — and everything in between – are undergoing a tremendous digitization process.Custom software – digital solutions tailored for financial providers aiming to streamline their workflows, assist their clients, improve business results, and remain competitive – is at the heart of this revolution.

AI algorithms and cloud computing platforms can assist you with your data-driven plans and streamline your operations.

Extra security The financial sector is one of the most vulnerable to cyber-attacks in the United States.

And no ally can help you more than a specialist custom software development team.

As a result, you're vulnerable and reliant on a third party.

The entire financial system includes various security elements that must be addressed from data storage through authentication, authorization, and transaction processing.

Vezo 360 Dash Cam

ArVizon Co. Ltd. 2023-04-10

The Vezo 360 dash cam is a cutting-edge camera designed to provide drivers with complete coverage of their surroundings while on the road. In addition to its advanced coverage, the Vezo 360 dash cam is equipped with a variety of features designed to enhance the driving experience. The Vezo 360 dash cam is packed with advanced features that make it a powerful and reliable tool for drivers on the road. Some of the key features of the Vezo 360 dash cam include:360-degree field of view: The Vezo camera captures footage in every direction, providing a complete view of the vehicle's surroundings. Overall, the Vezo 360 dash cam is a feature-packed device that offers comprehensive coverage and advanced features to keep you safe and secure on the road.

TIME TO RE-EVALUATE THE 5 DAY WORKWEEK

Mithun Ivalkar 2021-12-02

Yes, there are many countries in the world that still work for six days a week, but lot of us are fortunate to have the five day workweek. Countries may differ in their weekend days but overall, there is a growing tendency of a five day week owing to longer working hours and extremely less time for personal things. With the new four day week, employees, managers included, are forced to plan and schedule their days tightly, with lesser meetings, lesser downtime and more focused work. That was why many employees voluntarily spent more time at work, even working late in the night, just to be seen as ‘more productive’. If you were to change the landscape of a work week, how would you do it?

In-Memory Grid Market Segments, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2028 | COVID-19 Impact

Animesh Rao 2021-10-01

In-Memory Grid Market OverviewIn its research report, Market Research Future (MRFR), emphasizes that the global In-Memory Grid Market market 2020 is expected to grow exponentially, securing a substantial market valuation from USD 1.32 billion in 2017 to USD 2.25 billion by 2023, at a substantial CAGR of 11.25% over the review period.The Report includes enabling technologies, key trends, market drivers, challenges, competition, standardization, regulatory landscape, deployment models, market size In-Memory grid market forecast with expert review.

In-memory grid is a data system that is spread over many servers, offering high data availability while maintaining it in memory.

However, several developments in core systems to take advantage of low latency are increasing the scenario for in-memory data grids to be accepted in many industries.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7366During the forecast period, the increasing number of concurrent transactions involving large volumes of operational data, increased use of real-time analytics across end-verticals, and the need for an effective replacement of relational data model and database remains the key drivers for the in-memory industry.

Furthermore, the growing demand for distributed architecture that can upsurge the storage capacity of main memory fuel the growth of in-memory grid market.In-Memory Grid Market Competitive AnalysisThe major market players operating in the global in-memory grid market as identified by MRFR are TIBCO Software Inc. (US), Pivotal Software, Inc.(US), IBM Corporation (US), Oracle Corporation (US), Hazelcast, Inc. (US), Software AG (Germany), Red Hat, Inc. (US), Pivotal Software, Inc.(US), Hitachi, Ltd. (Japan), ScaleOut Software, Inc. (US), Hazelcast, Inc. (US), GigaSpaces Technologies Inc. (US).In-Memory Grid Market Segmental AnalysisThe demand for in-memory grids is divided into two categories of products, namely services and solutions.

Because of the high critical and sensitive data stored in the system, major companies favor on-premise deployment.The in-memory grid market is segmented by application into transaction processing, fraud and risk management, the supply chain, and sales and marketing.The category of transaction processing is expected to have the greatest market share in 2017.

The growing initiative for digital transformation across industry verticals to facilitate faster and smoother transactions has led to increasing adoption of the transaction processing in-memory grid.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/in-memory-grid-market-7366The market is segmented into BFSI, government, healthcare, IT and telecommunications, media entertainment, retail, and others.Regional study The global business regional overview was performed in four major regions namely Asia Pacific, North America, Europe and the rest of the world.Due to the rise in the adoption of the connected devices and subsequent rise in data volumes, Asia-Pacific is expected to be the fastest growing area during the prediction period.

BCA's Acquisition of Rabobank with a Transaction Value of Rp 397 Billion

Berita Terkini 2019-12-12

Katadata.co.id - PT Bank Central Asia Tbk (BCA) signed a sale and purchase agreement of the shares of PT Bank Rabobank International Indonesia.

"It's value will be adjusted to take into account the income or loss Rabobank Indonesia on the date of the completion of the Plan Transactions (transaction closing)," quoted from Disclosure, Wednesday (11/12).

The company also said it will examine the possibility of merging the bank that was taken over by a subsidiary company of the BCA.

Previously, President Director of BCA Jahja Setiadmaja said there are some plans related to the acquisition of the bank, that combine with the BCA Syariah, melting into the BCA, or combined with Royal Banks of which is planned to be converted into bank digital.

"We'll have to find it first, (it took) a long time.

BCA acquired Bank Royal with poured funds amounting to Rp 988,04 billion to take over the entire shares of the Bank Royal of the previous owner which is Family Happy.

Why are the differences in the price of CNC machining so large?

xueqin yang 2019-06-10

Aluminum alloy parts processing and hardware parts processing are generally carried out by means of numerical control processing, but due to the low entry threshold of CNC machining, many small-scale CNC machining workshops on the market have also caused price and quality uncertainty.

Today, let's take a look at how to grasp the processing price of hardware parts, let you find a CNC machining manufacturer with quality assurance and not too expensive.

Small factories are suitable for proofing.

Generally, we calculate according to the length of processing time of products, and also according to machine tools.

Calculated, for example, your product can be made with a lathe, but you have to find a machining center to do it, it must be a lot more expensive, the industry quotes are also very different, especially mixed, one reported higher than one, looking for It is best not to find a store, but to find a physical factory.

They are cheap and have quality.

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