(MENAFN- PR Newswire) Asia Pacific held the largest share of ~32% in the electronic toll collection industry in 2029. Asia Pacific is one of the most important high-potential markets for electronic toll collection systems. The market in this region has been segmented into China, Japan, ASEAN countries, and Rest of Asia Pacific. For most countries in the region, Asia Pacific is in the early stage of adopting electronic toll collection solutions. Rapid urbanization and industrialization and strong government support for infrastructure development have fueled the adoption of electronic toll collection systems in the region. The increasing urban population has given rise to more traffic congestion, which has increased the number of accidents and deteriorated the environment. Electronic toll collection systems' deployment prevents accidents and improves the environment by reducing air pollution.
Key Players-
The key players in electronic toll collection companies include Kapsch TrafficCom AG (Austria); Conduent, Inc. (US); TransCore (US); Thales (France); Cubic Corporation (US).
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