Welcome!

News Feed Item

Electronic Toll Collection Market by Type (ETC and AET), Product (AVI and AVC), Technology (RFID, DRSC, Video Analytics, and GPS/GNSS), Application (Highway and Urban), and Region - Global Forecast to 2022

"Electronic toll collection market expected to grow at a CAGR of 9.16% between 2017 and 2022"

NEW YORK, April 20, 2017 /PRNewswire/ -- According to the new market research report, the electronic toll collection market is expected to grow from USD 6.00 billion in 2016 to USD 10.57 billion by 2022, at a CAGR of 9.16% between 2017 and 2022.


Read the full report: http://www.reportlinker.com/p04837049/Electronic-Toll-Collection-Market-by-Type-ETC-and-AET-Product-AVI-and-AVC-Technology-RFID-DRSC-Video-Analytics-and-GPS-GNSS-Application-Highway-and-Urban-and-Region-Global-Forecast-to.html



Electronic toll collection helps in efficiently managing the traffic at highly congested areas and also facilitates the tolling collection process by using the latest technological solutions, such as RFID, GPS/GNSS, DSRC, and video analytics. The government plays an important role in the growth of this market. Governments of different countries have a keen interest in formulating the standards and regulations for the electronic toll collection market.

"Automatic number plate recognition (ANPR) type expected to dominate the electronic toll collection market between 2017 and 2022"

The use of ANPR decreases scams and frauds related to nonpayment, makes toll charging effective, and reduces the amount of manpower required for collecting tolls at tollbooths. This is expected to contribute to the largest share of ANPR type in the electronic toll collection market during the forecast period. Generally, ANPR is used in combination with the transponder system.

"Electronic toll collection market in APAC expected to grow at the highest CAGR during the forecast period"

This report covers regions such as North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest rate between 2017 and 2022. This growth is attributed to the government initiatives and the growing population in this region, which raise the need for efficient transportation systems.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts.

The breakup of the profiles of primary participants is given below:
• By Company Type: Tier 1—35%, Tier 2—40%, and Tier 3—25%
• By Designation: C Level—50%, Director Level—35%, and Others—15%
• By Region: North America—35%, Europe—22%, APAC—30%, and RoW—13%

The major players in the electronic toll collection market are 3M (US), Xerox Corporation (US), EFKON AG (Austria), Kapsch TrafficCom (Austria), Q-Free (Norway), and Cubic Transportation Systems, Inc. (US), among others.

Research Coverage:
This report segments the electronic toll collection market on the basis of product into AVI; AVC; and back office and integration, and VES. In terms of technology, the electronic toll collection market is segmented into RFID, DSRC, GPS/GNSS, and video analytics. On the basis of type, the electronic toll collection market is segmented into ETC and AET. Moreover, the electronic toll collection market is divided on the basis of application into highway and urban. The entire electronic toll collection market is classified on the basis of region into North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:
• This report includes the market statistics pertaining to type, technology, product, application, and region, along with their respective revenues.
• It also includes the value chain analysis to provide an insight into the electronic toll collection market.
• The major drivers, restraints, challenges, and opportunities for the electronic toll collection market have been detailed in this report.
• Illustrative segmentation, analysis, and forecast for the electronic toll collection market based on type, technology, product, application, and region have been conducted to provide an overall view of the electronic toll collection market.
• A detailed competitive landscape has been provided, which includes DIVE analysis, business strategy, product offerings, and key players and their revenues.
• The available customizations for the report offer further country-wise segmentation of the electronic toll collection market in terms of value; further breakdown of the industry could be provided, along with the profiling of additional companies in the report.
Read the full report: http://www.reportlinker.com/p04837049/Electronic-Toll-Collection-Market-by-Type-ETC-and-AET-Product-AVI-and-AVC-Technology-RFID-DRSC-Video-Analytics-and-GPS-GNSS-Application-Highway-and-Urban-and-Region-Global-Forecast-to.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com


__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electronic-toll-collection-market-by-type-etc-and-aet-product-avi-and-avc-technology-rfid-drsc-video-analytics-and-gpsgnss-application-highway-and-urban-and-region---global-forecast-to-2022-300443001.html

SOURCE Reportlinker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I'm here to leverage my secret sauce, which is using outsourced development and the company that I utilize is delaPlex Software and they've basically allowed me to win Fortune 500 companies," noted Justin Witz, CTO of FRA and PlanTools, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained Michael Fuhrman, Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.