There were 196 press releases posted in the last 24 hours and 253,638 in the last 365 days.
Integrated traffic systems market opportunity analysis & industry forecast from 2021-2030. The global market segmented by function, hardware type, and region.
PORTLAND, OREGON, UNITED STATES, September 27, 2022 /EINPresswire.com/ — Integrated Traffic Systems Market Outlook 2030 –
Integrated traffic system (ITS) is an electronic system which is a combination of information technology and communication with transportation infrastructure thus it improves passenger safety and enhances the competence of overall transport process. Furthermore, it is being deployed by the road authority to support mobility in the city and improve passenger safety. ITS system contains database management system for collecting traffic data such as accidents, roadway volume, and others which is linked to traffic database for analysis programs. The objective of the system is to regulate and control the traffic in an area by giving priority to public transport and informing road users about traffic incidents. The system helps in reducing traffic congestion further improving passenger safety and transportation facilities. Moreover, it improves productivity by effectively scheduling routes, delivering traffic updates and forecasting time of arrival & departure. Thus, it is quite beneficial for the environment as it decreases the carbon emission by reducing vehicle congestion and reduces the number of accidents.
Browse Full Report with TOC @
The key players analyzed in the report include Citilog, Cubic Corporation, EFKON India, imtac, Intelvision Technologies Limited, Iteris Inc., Nuance Communication Inc., Savari Inc., Thales Group, and TransCore
COVID-19 Impact Analysis:
Due to the outbreak of COVID-19 pandemic, year 2020 has been challenging for integrated traffic systems market. Major transport infrastructure developments and upgradation projects globally has been halted due to lockdown and travel restrictions. Moreover, unavailability of labour due to social distancing norms and other restrictions further delayed the projects. In addition, since no traffic was there in urban regions due to lockdown, the implementation of smart integrated traffic systems was slowed down in many regions. However, for ensuring smooth traffic control to make travel faster, safer, and environmentally friendly despite the slowdown caused by COVID-19 these factors along with smart city projects will augment the growth of integrated systems market post the pandemic.
Get Sample Report with Industry Insights @
Top Impacting Factors
Rise in urbanization worldwide, rise in awareness about public safety, and rise in global traffic congestion is expected to drive market growth.
However, lack of proper technologies and high investment cost in old road infrastructure will hamper growth of the market.
Moreover, increase in government initiatives to decrease carbon emission, rise in smart city projects, and rise in better network connectivity acts as an opportunity for growth of the market.
Rise in global traffic congestion
The current limitations of road infrastructure in developed and developing countries have fuelled the development for new and existing technologies such as integrated traffic systems. The rise in traffic and growing population in urban area with rise in concern for safety and security has boosted the demand for smooth and congestion- free travel. Moreover, the vehicle ownership ratio across the globe is increasing significantly thus, increasing the demand for better traffic management. Furthermore, due to limited availability of land and current road infrastructure the solution must be optimum. Therefore, optimum road infrastructure, better traffic control systems such as parking management and intelligent traffic lightings are required. For instance, on October 2018 Cubic Corporation announced acquisition of Advanced Traffic Solutions Inc to tackle urban traffic issues and increase traveller mobility to offer better services to people. Moreover, on June 2018 Uttar Pradesh, India launched India’s first integrated traffic management system (ITMS) to reduce traffic accidents, congestion and reduce pollution. All these efforts to reduce traffic congestion is expected to drive the integrated traffic systems market.
To Get Discount, Make Purchase Inquiry @
Benefits of the Report:
This study presents the analytical depiction of the integrated traffic systems market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the integrated traffic systems market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the integrated traffic systems market growth scenario.
The report provides detailed integrated traffic systems market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the integrated traffic systems market research report:
Which are the leading market players active in the integrated traffic systems market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the integrated traffic systems market?
What are the projections for the future that would help in taking further strategic steps?
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Allied Analytics LLP
email us here
Visit us on social media:
You just read:
EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™, tries to define some of the boundaries that are reasonable in today’s world. Please see our Editorial Guidelines for more information.
Follow EIN Presswire
© 1995-2022 Newsmatics Inc. dba EIN Presswire
All Right Reserved.