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There has been a growing demand for sophisticated traffic management software such as automatic number plate recognition, smart surveillance, and smart signaling worldwide. The ongoing transformation of the roadway infrastructure has led to an increased need for traffic management through automatic operations. Emerging trends, which directly impact the smart traffic management system industry dynamics, include the growth of adaptive traffic control & traffic analytics and the emergence of mobility as a service (MaaS).
The key players profiled in the Smart Traffic Management System Market research study includes:
4. IBI Group
5. Kapsch TrafficCom
6. Laser Navigation Technology
7. Onnyx Electronisys
8. Siemens Mobility
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Smart traffic management system are multi-modal transport systems, where transport modes are interconnected with each other. Implementing smart traffic management systems would lead to a smooth automobile movement. Smart traffic management system combine information and communication technology with transportation infrastructure to enhance passenger safety and enhance the overall transportation process competency.
The global smart traffic management system market is segmented on the basis of product and application. Based on product, the smart traffic management system market is segmented into Traffic Monitoring System, Traffic Signal Control System, Traffic Enforcement Camera, Intelligent Driver Information System, Integrated Corridor Management, and Others. On the basis of application, the market is segmented into: Highway, Managed Lanes, and Others.
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