Intelligent Traffic Management System Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Urbanization Around the World
- Growing Number of Smart City Projects in Emerging Economies
Challenges
- Lack of Awareness about Smart Analytics in Under-Developed Nations
Intelligent Traffic Management System Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.9% |
|
Base Year Market Size (2024) |
USD 13.31 billion |
|
Forecast Year Market Size (2037) |
USD 72.27 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of intelligent traffic management system is estimated at USD 14.88 billion.
Intelligent Traffic Management System Market size was over USD 13.31 billion in 2024 and is anticipated to cross USD 72.27 billion by 2037, growing at more than 13.9% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to dominate majority revenue share by 2037, on the back of robust rate of urbanization, rising traffic congestion and increasing number of fatalities due to road accidents.
The major players in the market are Accenture PLC, Cisco Systems, Inc., Cubic Corporation, Siemens AG, SWARCO AG, and others.
