Global Market for Electronic Toll Collection (ETC) Systems is Projected to Reach US$7.8 Billion by 2020
Demand for Effective Tolling Systems Drives the Global Market for Electronic Toll Collection (ETC) Systems, According to New Report by Global Industry Analysts, Inc . GIA announces the release of a comprehensive global report on Electronic Toll Collection (ETC) Systems markets. Global market for Electronic Toll Collection (ETC) Systems is projected to reach US$7.8 billion by 2020 , driven by growing demand for effective tolling systems on highways and urban motorways. Electronic Toll Collection (ETC) systems are bringing in massive changes to the toll collection methods, enabling significant time/cost savings and greater convenience for commuters, while simultaneously generating greater revenues for operating agencies. Given the challenges and inconsistencies associated with the implementation and operation of traditional toll collection systems such as manual toll collection and automated toll collection, ETC systems are fast growing in popularity and are even replacing the ...