Top Investment Pockets of Electronic Toll Collection Market
The global market is expected to witness considerable growth due to high adoption of ETC systems globally. The market growth in North America is driven by increase in production of automobiles. Moreover, higher penetration of passenger cars in this region, owing to development of road infrastructure, propels the market growth. In addition, the federal government is investing heavily for infrastructural development; for instance, since 2000, investors have funded toll projects worth $36 billion in Colorado, Florida, Texas, and Virginia. Furthermore, highways are being upgraded with all electronic toll systems in the developing regions such as Asia-Pacific and LAMEA, providing better service plazas.
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