Attractive Opportunity in Electronic Toll Collection Market


Posted November 22, 2021 by shekhartek

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
 
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", The electronic toll collection market is projected to reach USD 10.0 billion by 2025 from USD 6.9 billion 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.
Download Free PDF https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html
Browse 77 market data Tables and 55 Figures spread through 165 Pages and in-depth TOC on "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"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html

[165 Pages Report]The electronic toll collection market is projected to reach USD 10.0 billion by 2025 from USD 6.9 billion in 2020; it is expected to grow at a CAGR of 7.7% during the forecast period. Major drivers for the growth of the market are ETC 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.

Request Free Sample Report https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html

Impact of COVID-19 on Electronic Toll Collection Market:
The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic has severely affected various industries such as automotive, construction, transportation, semiconductor, etc. Manufacturing units are hampered due to shutdowns and the availability of labor or raw materials. This has resulted in a huge gap between supply and demand. Further, there is a restriction on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various government laws to take precautionary measures for public health and safety.

Don’t miss out on business opportunities in Electronic Toll Collection Market with COVID-19 Impact Analysis. Speak to our analyst and gain crucial industry insights that will help your business grow.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Shekhar Tekade
Country India
Categories Software , Technology
Last Updated November 22, 2021