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Smart Traffic Management System Market is expected to reach $13.2 Billion by 2025 – An exclusive market research report by Lucintel

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Smart Traffic Management System Market is expected to reach $13.2 Billion by 2025 – An exclusive market research report by Lucintel

September 13
20:28 2021
Smart Traffic Management System Market is expected to reach $13.2 Billion by 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Smart Traffic Management System Market
Trends, opportunities, and forecast in smart traffic management system market to 2025 by product (traffic monitoring system, traffic signal control system, traffic enforcement camera, intelligent driver information system, and integrated corridor management), by applications (Highway, Managed Lanes, and Others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that smart traffic management system provides attractive opportunities in the infrastructure industry. The smart traffic management system market is expected to reach $13.2 billion by 2025 with a CAGR of 8.2%. In this market, traffic monitoring system is the largest segment by product, whereas highway is largest by application. The growth of adaptive traffic control & traffic analytics and emergence of mobility as a service (MaaS) provides strategic growth path in this market.

Download Brochure of this report by clicking on – https://www.lucintel.com/smart-traffic-management-system-market.aspx

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, and integrated corridor management. The traffic monitoring system segment accounted for the largest share of the market in 2020 due to its usage in controlling traffic infractions, reducing traffic accidents, and detecting potentially dangerous drivers.

Browse in-depth TOC on “Smart Traffic Management System Market”

77 – Tables

64 – Figures

160 – Pages

The smart traffic management system market is marked by the presence of several big and small players. Some of the prominent players offering smart traffic management system include Kapsch, Siemens, Transcore, Delcan, Q-Free, SwRI, Xerox, SICE, Dynniq, and IBI Group and others.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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