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Intelligent Traffic Management System Market Projected to Hit USD 25548.67 Mn by 2030

12-03-2024 10:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Intelligent Traffic Management System Market

Intelligent Traffic Management System Market

The ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at US 11924.61 Mn in 2023 and the market is growing at a CAGR of 11.5% from 2023 to 2030, reaching nearly USD 25548.67Mn by 2030.

๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Intelligent Traffic Management System (ITMS) market is experiencing significant growth as urbanization and vehicular density continue to rise globally. These systems are designed to enhance traffic flow, minimize congestion, and improve road safety through the integration of advanced technologies like artificial intelligence, IoT, and real-time data analytics. Governments and municipalities are increasingly investing in ITMS solutions to create smart cities that ensure seamless mobility and reduce environmental impact by lowering fuel consumption and emissions. The market's expansion is driven by the demand for efficient traffic management strategies in rapidly developing urban areas.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/123435/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

Key drivers in the ITMS market include the increasing need to mitigate traffic congestion and the growing focus on sustainable urban development. The rise in global vehicle ownership and frequent traffic bottlenecks have intensified the need for intelligent solutions that can predict and manage traffic patterns effectively. Furthermore, technological advancements, including connected vehicle technology and smart sensors, have enabled more precise traffic control and monitoring. Government initiatives promoting smart city projects and investments in intelligent transportation infrastructure are also fueling market growth.

๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Emerging trends in the ITMS market include the integration of artificial intelligence and machine learning to optimize traffic signal operations and predict congestion points. The adoption of vehicle-to-everything (V2X) communication is transforming traffic management by enabling real-time data exchange between vehicles and infrastructure. Additionally, cloud-based traffic management systems are gaining popularity due to their scalability and cost-effectiveness. The rising use of autonomous vehicles and the emphasis on reducing carbon emissions are further influencing the evolution of intelligent traffic management technologies.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/123435/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ & ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ & ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐
๐‡๐ข๐ญ๐š๐œ๐ก๐ข Ltd. recently announced its acquisition of a controlling stake in Vietnam's VietSignal, aiming to expand its traffic management footprint in Southeast Asia.
In Thailand, Cubic Corporation partnered with Bangkok Expressway and ๐Œ๐ž๐ญ๐ซ๐จ ๐๐ฎ๐›๐ฅ๐ข๐œ Company Limited for deploying advanced electronic toll systems.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž & ๐‰๐š๐ฉ๐š๐ง
Singapore-based ๐’๐“ ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  has acquired Japan's Kyosan Electric to integrate cutting-edge signal management technologies into Singapore's urban framework.
Panasonic Corporation has partnered with Japanese municipalities to develop AI-based real-time traffic monitoring solutions.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š
South Korea's ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐Œ๐จ๐›๐ข๐ฌ merged with LG CNS to create innovative traffic data analytics systems, enhancing nationwide traffic control capabilities.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐”๐ง๐ข๐จ๐ง
In the EU, ๐’๐ข๐ž๐ฆ๐ž๐ง๐ฌ Mobility has completed the acquisition of Swarco Traffic Systems, further strengthening its position in smart traffic management.
Indra Sistemas in Spain has secured a deal to implement smart traffic solutions across major European cities.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ
The U.S.-based ๐‡๐จ๐ง๐ž๐ฒ๐ฐ๐ž๐ฅ๐ฅ International announced the purchase of Sensys Networks, focusing on advanced IoT traffic sensing technologies.
General Electric (GE) partnered with Verizon to introduce 5G-powered intelligent traffic solutions across U.S. urban centers.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐›๐ฒ ๐‹๐ž๐š๐๐ข๐ง๐  ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

๐’๐ข๐ž๐ฆ๐ž๐ง๐ฌ ๐Œ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ:Unveiled a cutting-edge traffic signal controller integrated with machine learning algorithms for adaptive traffic flow management.

๐‚๐ฎ๐›๐ข๐œ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง: Introduced next-generation fare collection systems, streamlining multimodal transport in urban areas.

๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง: Launched real-time data-sharing platforms for efficient incident management.

๐‡๐จ๐ง๐ž๐ฒ๐ฐ๐ž๐ฅ๐ฅ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ: Developed predictive traffic monitoring software aimed at reducing congestion by 30%.

๐ˆ๐ง๐๐ซ๐š ๐’๐ข๐ฌ๐ญ๐ž๐ฆ๐š๐ฌ: Enhanced its cloud-based traffic management systems for seamless cross-border operations within the EU.

๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐Œ๐จ๐›๐ข๐ฌ: Rolled out an integrated smart parking assistant as part of its broader ITMS suite.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/request-sample/123435/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Ž๐ฉ๐ญ๐ข๐œ๐š๐ฅ ๐’๐จ๐ซ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Product Type

Integrated Urban Traffic Control System
Variable / Dynamic Message Signs
Emergency Response Systems
Border Control System
Electronic Toll Collection System
Parking Management System
Violation and Measurement Systems
Tunnel Management System
Freeway Management System
Others

by Component

Traffic Controllers and Signals
Surveillance Cameras
Video Walls
Server
3D Simulators
GUI Workstation
Detectors & Sensors
Other Components

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Beijing E-Hualu Information Technology Co., Ltd. (Beijing, China)
2. Cubic Corporation (San Diego, California, USA)
3. Dahua Technology Co., Ltd. (Hangzhou, China)
4. Econolite (Anaheim, California, USA)
5. General Electric Company (Boston, Massachusetts, USA)
6. IBM (Armonk, New York, USA)
7. Iteris, Inc. (Santa Ana, California, USA)
8. Q-Free ASA (Trondheim, Norway)
9. Quarterhill Inc. (Kitchener, Ontario, Canada)
10. Kapsch TrafficCom AG (Vienna, Austria)
11. Siemens (Munich, Germany)
12. SNC-Lavalin Group (ATKINS) (Montreal, Quebec, Canada)
13. TomTom International BV(Amsterdam, Netherlands)
14. TransCore (Nashville, Tennessee, USA)
15. Thales Group (Paris, France)

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/intelligent-traffic-management-system-market/123435/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Intelligent Traffic Management System Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Intelligent Traffic Management System Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Global Specialty Oleochemicals Market https://www.maximizemarketresearch.com/market-report/global-specialty-oleochemicals-market/104776/

โ™ฆ India Automotive Safety Market https://www.maximizemarketresearch.com/market-report/india-automotive-safety-market/13925/

โ™ฆ Global Laminated Door Market https://www.maximizemarketresearch.com/market-report/global-laminated-door-market/78979/

โ™ฆ Global Automotive Pedals Market https://www.maximizemarketresearch.com/market-report/global-automotive-pedals-market/82707/

โ™ฆ Global Automotive HVAC Control Market https://www.maximizemarketresearch.com/market-report/global-automotive-hvac-control-market/27064/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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According to a new report by Maximize Market Research, the global agricultural robots market was valued at USD 15.67 billion in 2024 and is projected to reach approximately USD 88.15 billion by 2032, growing at a compound annual growth rate (CAGR) of 24.1 %. The expansion reflects accelerating adoption across North America, Europe, and Asia amid rising demand for automation in farming operations. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/34593/ โ™ฆ Keyโ€ฆ

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05-25-2024 | Tourism, Cars, Traffic
Verified Market Reports
Traffic Signs Market Analysis By Top Keyplayers - USA Traffic Signs, Swarco Traf โ€ฆ
The "Traffic Signs Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.ย  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Traffic Signs Market, 2024-2031 Verified Market Research's most recent report, "Traffic Signs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examinationโ€ฆ
03-10-2023 | Fashion, Lifestyle, Trends
Medicalsels
Viral Traffic Code - Is The Viral Traffic Code LEGIT?
Viral Traffic Code is a digital program that offers specific strategies to make affiliate earnings making use of a various technique stream. Read this review to get more information about the Viral Website Traffic Code! Official Web Site: Go Here - https://www.glitco.com/get-Viral-Traffic-Code What is Viral Website Traffic Code? Viral Website Traffic Code is a basic system that might aid you make associate profits from various trusted internet sites, including Amazon, ebay.com, Shopify, ClickBank,โ€ฆ
12-09-2022 | Business, Economy, Finances, B โ€ฆ
Smart Reports
Traffic and Road Signs Market - A Comprehensive Study by Key Players:USA Traffic โ€ฆ
The report extensively examines the global Traffic and Road Signs market while focusing on the leading companies and their business strategies, geographical growth, market segmentation, competitive environment, production, price, and cost structures. Each section of the research report has been carefully designed to examine important facets of the global market for Traffic and Road Signs . For instance, the market dynamics section delves deeply into the trends, opportunities, and driversโ€ฆ
02-04-2022 | IT, New Media & Software
Market Insights Reports
Traffic Signs Market Competitive Insights and Precise Outlook 2022 โ€“ USA Traff โ€ฆ
This Global Traffic Signs Market Report 2022 aims at providing an overview of competitive developments such as novel product releases, acquisitions and agreements in the market. It discusses key factors, which enhance market drivers, growth and upcoming challenges. It functions as a prospective source for business participants as well as stakeholders to attain the upper hand. Industry analysis individual growth advancements are two most significant factors captured in this studyโ€ฆ
01-18-2019 | Energy & Environment
Market.Biz
Solar Traffic Signs Market Growth Prediction 2019 ( Solar Traffic Controls, Sola โ€ฆ
Global Solar Traffic Signs Market 2019 Research Report Recently published by Market.Biz that is Categories in theย Automotive industry. It conveys best research report of key players, competitive analysis, margin rate, Region wise sale analysis of global Solar Traffic Signs industry. The report covers inclusive details of distinct segments like product or service type, applications based on regional marketplaces. The global Solar Traffic Signs market research report provides a deep determinationโ€ฆ
05-24-2017 | Advertising, Media Consulting, โ€ฆ
market research 2017
Global Traffic Sign Market 2017 - USA Traffic Signs, Swarco Traffic, Novelis, Mc โ€ฆ
Traffic Sign Market Research Report A market study based on the " Traffic Sign Market " across the globe, recently added to the repository of Market Research, is titled โ€˜Global Traffic Sign Market 2017โ€™. The research report analyses the historical as well as present performance of the worldwide Traffic Sign industry, and makes predictions on the future status of Traffic Sign market on the basis of this analysis. Request For Sampleโ€ฆ