Global Electronic Toll Collection Market Set for Rapid Growth, to Reach Around USD 15.62 Billion by 2022
The Global Electronic Toll Collection market is valued at $5.42 billion in 2014 and is expected to reach $15.62 billion by 2022 growing at a CAGR of 12.71%. The increasing demand for safe and secure infrastructure is boosting the market growth. The factors such as reduction in traffic congestion, low travel time, cashless travel facility and free flow of traffic are driving the Electronic Toll Collection market growth. Whereas, high installation cost, tag maintenance and high dependence on government are...
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