Toll Management Systems Market size is expected to reach US$ 23.44 Bn by , at a CAGR of 10.34% during the forecast period.
Toll Management Systems Market Report Overview
The Toll Management Systems Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Toll Management Systems industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Toll Management Systems market.
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Toll Management Systems Market Scope
Maximize Market Research's Toll Management Systems Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Toll Management Systems market.
The report provides detailed information on the global Toll Management Systems market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Toll Management Systems market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
Toll Management Systems Market Segmentation
The growing use of RFID tags in toll management is anticipated to drive the greatest growth in the RFID technology type throughout the projection period. The data from the RFID tags is recognized, tracked, and stored by the RFID readers. The car is equipped with RFID tags so that the toll is automatically collected. Upon arrival at the toll plaza, the vehicles' RFID tags are scanned by the RFID reader at the toll gate, which then transmits the unique identification number to the database and deducts the appropriate amount of money. Because drivers don't have to stop their cars to pay the taxes, it saves time when traveling.
The analysis predicts that by 2026, highway toll management systems would have the biggest market share, accounting for XX% of the total. In order to shorten travel times and improve service quality, the system enables operators to recoup the costs associated with road improvements, constructions, and maintenance carried out by private organizations. It is anticipated that government plans to implement electronic toll collecting systems on highways in an effort to lessen traffic and air pollution will increase demand for the highway application segment.
Market Size (Value) Estimates & Forecast By Component, 2021-2029
1. Software
1.1. Cloud
1.2. On-premises
2. Services
2.1. Professional
2.2. Managed
Market Size (Value) Estimates & Forecast By Technology, 2021-2029
1. Video Analytics
2. Radio-frequency Identification (RFID)
3. Infrared
4. Dedicated Short-range Communication (DSRC)
5. GNSS & GPS
Market Size (Value) Estimates & Forecast By Application, 2021-2029
1. Highways
2. Urban
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Toll Management Systems Market Key Players
• Kapsch Group
• Thales Group
• Toshiba Corporation
• Conduent LLC
• Siemens AG
• TransCore LP
• Cubic Transportation
• Perceptics LLC
• EFKON GmbH
• Transcore
• Indra
• Ascom
• Cubic
• T-Systems International
• GMV
• Rieter
• DENSO
• International Road Dynamics
• Neology
• Direct Debit
• Watchdata
• Telemetric
• Trackunit
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Toll Management Systems Market Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Toll Management Systems market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Toll Management Systems Market Report are:
- What is the forecast period of the Toll Management Systems Market?
- What is the competitive scenario of the Toll Management Systems market?
- Which region held the largest market share in the Toll Management Systems Market?
- What are the opportunities for the Toll Management Systems Market?
- What are the restraining factors in the Toll Management Systems market?
- Who are the key players of the Toll Management Systems market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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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.
