Electronic Toll Collection Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024
The need for traffic congestion solutions, cashless transactions facility, less waiting time, increasing funding from the government in the urban areas and controlling environmental pollution are some of the major drivers for the electronic toll collection market worldwide. Also, reduction in manpower due to enhanced features of the systems has further fuelled the market growth. However, factors like high operation, maintenance and installation costs, rules and regulations for approval processes along with standardization of the electronic toll collection systems are...
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