Global Intelligent Traffic Management System Market Report to 2030 – Industry Share, Size, Trends and Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Report “Intelligent Traffic Management System Market Share, Size, Trends, Industry Analysis Report, By Components; By Product; By Region; Segment Forecast, 2022-2030” has been added. to from ResearchAndMarkets.com offer.

According to a new study, the global Intelligent Traffic Management Systems market size is expected to reach USD 19.83 billion by 2030. The report gives a detailed overview of current market dynamics and provides an analysis of future market growth. market.

With rapid urbanization, congestion and traffic management have become major challenges for people living in urban areas. Rising number of vehicles across the world is one of the main causes for increasing congestion, which has further led to increased demand for intelligent transportation systems in place of the traditional method of traffic management. transportation system.

On the other hand, infrastructure development can improve transport efficiency, but it is expensive in terms of time, effort and money. Effective control and intelligent management make it possible to contain the effects of the increase in expenditure linked to congestion in agglomerations. As a result, the advancement of new technologies and more efficient communication systems are having a significant impact on the use of intelligent transport control systems.

On the basis of components, the video wall market segment is expected to grow at a significant rate owing to the increased usage of video walls in team command and control center environments that serve as a critical data hub as well as public authorities and utilities operating at the municipal, regional, state and federal levels, which, in turn, is expected to drive the demand for intelligent transportation systems.

Rapid improvements in areas such as data transmission, mobility, cloud, and sensors, which incorporate IoT architecture, are expected to accelerate the growth of the smart transportation market. However, a lack of standardization and uniformity in solutions can lead to compatibility issues, limiting market growth.

Market dynamics

Drivers and opportunities

  • Rapid urbanization

  • Increased number of vehicles

Constraints and challenges

  • Privacy and security issues

The publisher has segmented the Intelligent Traffic Management System market report on the basis of product, components, and region:

Intelligent Traffic Management System Product Outlook (Revenue – USD Billion, 2018 – 2030)

  • Integrated city traffic control

  • Variable / dynamic message signs

  • emergency response

  • border control

  • electronic toll

  • Parking management

  • Breach and measure

  • Tunnel management

  • Highway management

Intelligent Traffic Management System, Component Outlook (Revenue – USD Billion, 2018 – 2030)

  • Traffic controllers and signaling

  • Surveillance cameras

  • Video walls

  • Server

  • 3D simulators

  • Graphic workstation

  • Detectors and sensors

  • Other components

Intelligent Traffic Management System, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America

  • WE

  • Canada

  • Europe

  • France

  • Germany

  • UK

  • Italy

  • Spain

  • Netherlands

  • Russia

  • Asia Pacific

  • China

  • India

  • Japan

  • Singapore

  • South Korea

  • Australia

  • Latin America

  • Mexico

  • Brazil

  • Argentina

  • Middle East and Africa

  • United Arab Emirates

  • Saudi Arabia

  • Israel

  • South Africa

Companies cited

  • Chevron

  • Cisco

  • cubic society

  • FLIR

  • General electricity company

  • Huawei

  • IBM

  • Kapsch TrafficCom AG

  • PTV Group

  • ASA without Q

  • Siemens AG

  • SWARCO

  • Thales Group

  • TomTom International B.V.

  • Transcription

For more information about this report visit https://www.researchandmarkets.com/r/wahb9b

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