Toll Management Systems Market size is expected to reach US$ 25.86 Bn by , at a CAGR of 10.34% during the forecast period.Toll Management Systems Market Dynamics
Increasing ownership of vehicles to drive the market
The ownership of private vehicles has been increasing due to the increasing population worldwide. With the increasing number of vehicles, traffic congestion and accidents have been increasing day by day. According to the report, every day approximately 37000 people are lost their lives in road accidents across the globe. However, at the manual toll plaza, the drivers have to stop their vehicles and stand in a queue in engine start condition to pay the tax, which increases air pollution and carbon emission in the environment.To know about the Research Methodology :- Request Free Sample Report The toll management system enables toll plaza to collect the toll without the help of human beings by using various technologies such as RFID, DSRC, video analytics, etc. The stringent regulations of the government to reduce the traffic jams on the roads and reduce accidents and air pollutions are expected to boost the toll management systems market. However, governments of various countries have been installing electronic toll management systems in the existing toll booths for the automation of the toll collecting process and save time, reduce fuel consumption, and maintain the traffic congestions on the highway.
High cost of maintenance to restrain the market
The maintenance cost of the toll management system is too high and due to the poor traffic management in some developing countries, the automation for the toll collection is not practicable. As result, these factors are expected to restrain the growth of the global toll management systems.Toll Management Systems Market Segment Analysis
RFID technology type is expected to witness the highest growth throughout the forecast period due to the increasing adoption of RFID tags in toll management. The RFID readers identify, track, and store the information of the RFID tags. The RFID tags are installed in the vehicle to collect toll automatically. When the vehicles reach to toll plaza the RFID reader at the toll gate scans the RFID tag and sends the unique identification number to the database, and deducts the money accordingly. It saves time during the travelling as the drivers don’t have to stop the vehicle to pay the tax. According to the report, toll management systems on highways are expected to hold the largest market share of XX% by 2030. The system allows operators to recover the cost on road projects, constructions, maintenance of roads by the private organization to reduce the travel time and enhance the level of service. Government initiatives to install the electronic toll collection system on the highway to reduce traffic and air pollution is expected to boost the market in the highway application segment.Toll Management Systems Regional Insights
North America is expected to witness the highest growth during the forecast period
North America is expected to lead the global market with the highest CAGR of XX% during the forecast period due to the increasing adoption of toll management systems in the countries like US and Canada. The countries in North America consist of a huge amount of vehicles per person, the travelling people or a transportation department don’t want to stop or slow down vehicles to pay the tax at the toll plaza. However, the most global key players of the toll management system are based in the US, which is expected to boost the market in North America. The Asia Pacific is expected to grow at a rapid pace during the forecast period due to the stringent regulations of the government for the installation of RFID tags in the vehicles and the process automation of toll collection. Governments are replacing manual toll booths with electronic toll collection in the countries like India and China. The growing urbanization in the region and the public-private partnership for the development of transportation services, road constructions are expected to create many lucrative opportunities for the market in the Asia Pacific. The objective of the report is to present a comprehensive analysis of the global toll management systems market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global toll management systems market dynamic, structure by analyzing the market segments and project global toll management systems market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global toll management systems market make the report investor’s guide.Toll Management Systems Market Scope: Inquire before buying
Global Toll Management Systems Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 12.98 Bn. Forecast Period 2024 to 2030 CAGR: 10.34% Market Size in 2030: US $ 25.86 Bn. Segments Covered: by Component Software Services by Technology Video Analytics Radio-frequency Identification Infrared Dedicated Short-range Communication GNSS & GPS by Application Highways Urban Toll Management Systems Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Toll Management Systems Market Key Players are:
1. Kapsch Group 2. Thales Group 3. Toshiba Corporation 4. Conduent LLC 5. Siemens AG 6. TransCore LP 7. Cubic Transportation 8. Perceptics LLC 9. EFKON GmbH 10. Transcore 11. Indra 12. Ascom 13. Cubic 14. T-Systems International 15. GMV 16. Rieter 17. DENSO 18. International Road Dynamics 19. Neology 20. Direct Debit 21. WatchdataFrequently Asked questions
1. What is the market size of the Global Toll Management Systems Market in 2023? Ans. The market size Global Toll Management Systems Market in 2023 was US$ 12.98 Billion. 2. What are the different segments of the Global Backhoes Market? Ans. The Global Toll Management Systems Market is divided into Component, Application and Technology. 3. What is the study period of this market? Ans. The Global Toll Management Systems Market will be studied from 2023 to 2030 4. Which region is expected to hold the highest Global Toll Management Systems Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Toll Management Systems Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Toll Management Systems Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Toll Management Systems Market 3.4. Geographical Snapshot of the Toll Management Systems Market, By Manufacturer share 4. Global Toll Management Systems Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Toll Management Systems Market 5. Supply Side and Demand Side Indicators 6. Global Toll Management Systems Market Analysis and Forecast, 2023-2030 6.1. Global Toll Management Systems Market Size & Y-o-Y Growth Analysis. 7. Global Toll Management Systems Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 7.1.1. Software 7.1.1.1. Cloud 7.1.1.2. On-premises 7.1.2. Services 7.1.2.1. Professional 7.1.2.2. Managed 7.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 7.2.1. Video Analytics 7.2.2. Radio-frequency Identification (RFID) 7.2.3. Infrared 7.2.4. Dedicated Short-range Communication (DSRC) 7.2.5. GNSS & GPS 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.3.1. Highways 7.3.2. Urban 8. Global Toll Management Systems Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Toll Management Systems Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 9.1.1. Software 9.1.1.1. Cloud 9.1.1.2. On-premises 9.1.2. Services 9.1.2.1. Professional 9.1.2.2. Managed 9.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 9.2.1. Video Analytics 9.2.2. Radio-frequency Identification (RFID) 9.2.3. Infrared 9.2.4. Dedicated Short-range Communication (DSRC) 9.2.5. GNSS & GPS 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.3.1. Highways 9.3.2. Urban 10. North America Toll Management Systems Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Toll Management Systems Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Toll Management Systems Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Toll Management Systems Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Toll Management Systems Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Toll Management Systems Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Toll Management Systems Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Toll Management Systems Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Toll Management Systems Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Toll Management Systems Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Toll Management Systems Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Toll Management Systems Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Toll Management Systems Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Toll Management Systems Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Toll Management Systems Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Toll Management Systems Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Toll Management Systems Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Toll Management Systems Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Toll Management Systems Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Toll Management Systems Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Toll Management Systems Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Toll Management Systems Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Toll Management Systems Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Toll Management Systems Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Toll Management Systems Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Toll Management Systems Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Toll Management Systems Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Toll Management Systems Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Toll Management Systems Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Toll Management Systems Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Toll Management Systems Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Toll Management Systems Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Toll Management Systems Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Toll Management Systems Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Toll Management Systems Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Component, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Toll Management Systems Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Kapsch Group 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Thales Group 45.3.3. Toshiba Corporation 45.3.4. Conduent LLC 45.3.5. Siemens AG 45.3.6. TransCore LP 45.3.7. Cubic Transportation 45.3.8. Perceptics LLC 45.3.9. EFKON GmbH 45.3.10. Transcore 45.3.11. Indra 45.3.12. Ascom 45.3.13. Cubic 45.3.14. T-Systems International 45.3.15. GMV 45.3.16. Rieter 45.3.17. DENSO 45.3.18. International Road Dynamics 45.3.19. Neology 45.3.20. Direct Debit 45.3.21. Watchdata 45.3.22. Telemetric 45.3.23. Trackunit 46. Primary Key Insights