The global smart traffic management system market is projected to reach $13.2 billion by 2025, at a CAGR of 8.2% during 2020-2025. The growth of Smart traffic management system market is driven by favorable government initiatives for developing the traffic infrastructure and emergence of smart cities.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the smart traffic management system market 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the smart traffic management system market?
Q.4 What are some changing demands of customers in the smart traffic management system market?
Q.5 What are the new developments in the smart traffic management system market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this smart traffic management system area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this smart traffic management system market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the growth of adaptive traffic control & traffic analytics and emergence of mobility as a service (MaaS).

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Market Segmentation:
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.
North America is expected to be the largest region over the forecast period due to increasing adoption of IoT and growing need for real time data among drivers and passengers. APAC region is expected to witness highest growth over the forecast period due to increasing traffic congestions with growth of urbanization.
Key Players in the smart traffic management system market are Kapsch, Siemens, Transcore, Delcan, Q-Free, SwRI, Xerox, SICE, Dynniq, and IBI Group and others.
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Lucintel
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