Tolling And City Congestion Market In APAC 2023-2027
The tolling and city congestion market in APAC is forecasted to grow by USD 3,042.78 mn during 2022-2027, accelerating at a CAGR of 15.87% during the forecast period. The report on the tolling and city congestion market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the convenience of electronic tolling for users and operators, an increase in the number of vehicles, and a rise in demand for efficient traffic management solutions.
Technavio's tolling and city congestion market in APAC is segmented as below:
- By Product
- UTM
- Electronic tolling
- ATMS
- By Application
- Highways
- Urban areas
This study identifies the increasing investment in smart cities by governments as one of the prime reasons driving the tolling and city congestion market in APAC growth during the next few years. Also, the innovation of smart traffic signals and the reduction in environmental pollution will lead to sizable demand in the market.
The report on the tolling and city congestion market in APAC covers the following areas:
- Tolling and city congestion market in APAC sizing
- Tolling and city congestion market in APAC forecast
- Tolling and city congestion market in APAC industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tolling and city congestion market in APAC vendors that include Conduent Inc., Cubic Corp., EFKON GmbH, General Electric Co., Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Singapore Technologies Engineering Ltd., Thales Group, Toshiba Corp., and Transurban Ltd.. Also, the tolling and city congestion market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.