Electronic Toll Collection Market 2024 Size, Share and Outlook 2031
The electronic toll collection market is witnessing significant growth due to several key factors. Firstly, the increasing implementation of smart transportation systems and the need for efficient traffic management are driving the demand for electronic toll collection solutions. Moreover, the integration of technologies such as RFID, GPS, and wireless communication in toll collection systems is improving accuracy and reducing wait times for motorists. Additionally, government initiatives promoting cashless transactions and digital payments are further fueling market growth.