Tag: toll

Global Electronic Toll Collection Markets, Forecast to 2025

DUBLIN, April 7, 2020 /PRNewswire/ — The “Electronic Toll Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The global electronic toll collection market is currently witnessing strong growth. Looking forward, the market is projected to reach a value of US$ 16.7 Billion by 2025, registering a CAGR of around 10% during 2020-2025.

The development of smart transportation systems, along with the growing requirement of effective traffic management solutions, is among the key factors driving the growth of the market. Furthermore, as a result of the rapidly rising population across the globe, which is leading to increasing on-road vehicles, there is increased adoption of ETC systems across developing nations to manage the additional congestion at toll plazas on highways and roads.

Additionally, various technological advancements, including the utilization of real-time tracking and monitoring devices on vehicles and the adoption

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Half-million infected worldwide as economic toll rises

The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week.

As the number of infections around the globe reached a half-million and world leaders held a video summit to grapple with how long to keep the economy at a standstill to help flatten the rising curve, the damage to people’s livelihoods and their well-being started to come into focus.

In India, where the country’s 1.3 billion people were under orders to stay home, legions of poor were suddenly thrown out of work, and many families were left struggling for something to eat.

“Our first concern is food, not the virus,” said Suresh Kumar, 60, a bicycle rickshaw rider in New Delhi whose family of six relies on his daily

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