Thailand and Philippines Tolling & City Congestion Market Size, And Forecast | Key Players: Thales Group, Siemens AG

Thailand and Philippines tolling & city congestion market is projected to reach $1,474.7 million by 2025, registering a CAGR of 18.6% from 2018 to 2025.

PORTLAND, ORAGON, UNITED STATES, January 7, 2022 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled,the Thailand and Philippines tolling & city congestion market was valued at $381.1 million in 2017, and is projected to reach $1,474.7 million by 2025, registering a CAGR of 18.6% from 2018 to 2025.

Factors such as rise in demand for efficient traffic management solutions, increase in the number of vehicles, and reduction in environmental pollution are the major factors driving the adoption of tolling & city congestion systems.

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