Integrated Smart Traffic Management System Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
Cities have been
witnessing a rapid increase in vehicular population, especially personal
transport, in the recent past. Given the constraints in increasing roadway
widths, this increase in vehicles has resulted in a drastic drop in levels of
service on urban roads, with average speeds, in certain cities, dropping to
below 10 kmph in peak traffic conditions. The problem is compounded owing to
the fact that traffic control mechanisms are typically sub-optimal employing
either fixed-time signal control or manual control. In today’s context, road
users would also like to have real-time information on traffic on alternate
routes so that they could make an informed choice on the route to take. Urban
traffic congestion has a number of adverse impacts namely Low road network
speeds, Higher travel times, Increased cost of travel, Increased energy
consumption, Increased pollution (both, noise and air), Decline in human
productivity, Decrease in the competitiveness of the city, Decline in quality
of life. In the current context of smart cities, specifically in the industrial
and market zones, the traffic scenario is very congested most of the time,
particularly at the peak time of business hours. Due to the increasing growth
of population and vehicles in smart and metropolitan cities, people face a lot
of problems at the major traffic points of the business towns.
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According to UnivDatos Market Insights (UMI)’ research
report “Integrated
Smart Traffic Management System Market”, The Integrated Smart Traffic Management System Market is predicted to
grow at a CAGR of 13.82% during the forecast period. This can be
mainly attributed to the health hazards due to pollution, and the implementation
of smart traffic control frameworks.
Based on Offering, the
integrated smart traffic control systems market has been segmented into traffic
monitoring, traffic control, and information provision. Traffic monitoring was
the prominent revenue-generating segment in 2021. However, the traffic control
segment is expected to witness a substantial CAGR during the forecast period.
Based on the
Application, the integrated smart traffic control systems
market has been segmented into freeway management, electronic toll collection,
tunnel management, road safety & security, parking management, and others.
Electronic toll collection was the largest revenue-generating segment in 2021.
However, the freeway management segment is expected to witness a robust CAGR
during the forecast period.
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North
America held a prominent share in the Global Integrated Smart Traffic Control
Systems Market
For
a better understanding of the market adoption of the integrated smart traffic
management system industry, the market is analyzed based on its worldwide
presence in the countries such as North America (United States, Canada, and the
Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom
and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest
of APAC), and Rest of World. North America held a prominent share in the global
integrated smart traffic management system market.
According to ‘UnivDatos
Market Insights (UMI)’, the key players with a considerable market
share in the Integrated Smart Traffic Management System Market include Kapsch Traffic Com AG, Iteris, Inc., Cisco Systems,
Inc., Thales Group, Cubic Corporation, TomTom NV, Siemens AG, EFKON GmbH,
SWARCO Inc., and IBM Corporation.
“Integrated
Smart Traffic Control Systems Market” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for the market
players. Moreover, the report also encompasses the key strategic imperatives
for success for competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its
offerings.
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Informative Information, Please Visit Us – https://univdatos.com/report/integrated-smart-traffic-management-system-market/
Market Segmentation:
1.
By Offering (Traffic
Monitoring, Traffic Control, Information Provision)
2.
By Service (Deployment
& Integration, Training & Consulting, Support & Maintenance)
3. By Hardware
(Display Boards, Sensors, Surveillance Cameras, Smart Traffic Lights, Interface
Boards, Others)
4.
By Application (Freeway Management, Electronic Toll Management, Tunnel Management, Road
Safety & Security, Parking Management, Others)
5.
By Region (North
America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
6.
By Company (Kapsch
Traffic Com AG, Iteris, Inc., Cisco Systems, Inc., Thales Group, Cubic
Corporation, TomTom NV, Siemens AG, EFKON GmbH, SWARCO Inc., and IBM
Corporation)
Key
questions answered in the study:
1.
What are the current and future trends
of the integrated smart traffic management system industry?
2.
How the industry has been evolving in
terms of offering, service, hardware, and application category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the integrated smart traffic management system industry?
5.
What are the customer orientation,
purchase behavior, and expectations from the integrated smart traffic
management system product suppliers across various countries?
Table
of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE INTEGRATED SMART
TRAFFIC MANAGEMENT SYSTEMS MARKET
6 INTEGRATED SMART TRAFFIC MANAGEMENT SYSTEMS
MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY OFFERING
8 MARKET INSIGHTS BY SERVICE
9 MARKET INSIGHTS BY HARDWARE
10 MARKET INSIGHTS BY HARDWARE
11 MARKET INSIGHTS BY REGION
12 INTEGRATED SMART TRAFFIC MANAGEMENT SYSTEMS
MARKET DYNAMICS
13 INTEGRATED SMART TRAFFIC MANAGEMENT SYSTEMS
MARKET OPPORTUNITIES
14 INTEGRATED SMART TRAFFIC MANAGEMENT SYSTEMS
MARKET TRENDS
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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