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Home | Search Global IT News: IT News & Press Release Distribution: Electronic Toll Collection Market Future Trends and Scope Analysis 2017 (IT-NEWSWIRE.COM, May 12, 2017 ) The growth of the electronic toll collection market is attributed to the increasing demand for electronic toll collection systems, driven by the need for providing efficient traffic management and improving toll collection accountability. According to MarketsandMarkets’ forecast, the electronic toll collection market is expected to be valued at USD 10.57 Billion by 2022, growing at a CAGR of 9.16% between 2017 and 2022. Download PDF Brochure here: http://www.marketsandmarkets.com/pdfdownload.asp?id=224492059 The electronic toll collection market based on type comprises ETC and AET. The market for AET is expected to witness the highest growth between 2017 and 2022. This growth is attributed to the advantages offered by AET, such as congestion relief, operational savings, and improved environmental factors. Most of the government agencies and departments of transportation (DOTs) of various regions, such as Europe and North America, are significantly investing in AET projects. 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. These players have adopted various strategies such as contracts, agreements, partnerships, new product launches, and business expansions to cater to the demand for electronic toll collection systems. The electronic toll collection market for video analytics technology is expected to grow at the highest CAGR between 2017 and 2022. This is primarily due to the increasing cases of toll violations, which raise the need for an improved toll management solution. The video analytics technology helps identify and record violations and uses special cameras to take photographs of the violating vehicle’s license plate. For sample pages, click here: http://bit.ly/1F9doau North America is expected to hold the largest share of the electronic toll collection market by 2022. The usage of four-wheelers and heavy vehicles is high in North America, which is the main reason for the requirement of an effective transportation system in the North American countries. 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 5000 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. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 Email: sales@marketsandmarkets.com Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets MarketsandMarkets Mr. Rohan 1-888-600-6441 sales@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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