Considering the physical and financial limitations around building additional roads, cities must use new strategies and technologies to improve traffic conditions. Advanced traffic management systems (ATMSs) such as adaptive traffic control (ATC) are enabling greater efficiencies in the traffic management ecosystem and can help integrate the expected growth in vehicle populations without overwhelming existing infrastructure. ATMSs are also enabling the development of smart intersections, which are emerging as one of the most important data-driven backbones needed for solving core city challenges.
Scope of the Report:
The global Advanced Traffic Management for Smart Cities market is valued at xx million USD in 2019 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Advanced Traffic Management for Smart Cities.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Advanced Traffic Management for Smart Cities market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Advanced Traffic Management for Smart Cities market by product type and applications/end industries.
Market Segment by Companies, this report covers:
Rapid Flow Technologies
Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Intelligent Transportation Systems (ITS) Companies
Automotive and Mobility Companies
IT, Networking, and Telecoms Companies