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Category:
Business
During 2024, electronic toll collection the market is forecasted to grow at a CAGR of 9.97% with US$ 7515.10 million from US$ 4248.70 million in 2018. ETC is the latest technology which aims to eliminate the delay that happens on toll bridges, HOV lanes, toll lanes and tunnels, by collecting toll without stopping the car and cash. The electronic toll collection market share is growing due to the rising adoption of electronic collection system as it is an effective solution to reduce the remove traffic congestion and improve traffic flow.
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