Smart Traffic Analytics Market Analysis: Unveiling Growth And Development (2022 2030)


(MENAFN- America News Hour) Smart Traffic Analytics Market: Global Demand Analysis & Opportunity Outlook 2030”
which delivers detailed overview of theglobalsmart traffic analytics market
in terms of market
segmentation by end user, product, and by region.

Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply
and demand risk, along with detailed discussion on current and future market
trends that are associated with the growth of the market
.

Smart Traffic Analytics Market Statistics –

  • The Smart Traffic Analytics Market is slated to observe 12% growth rate through 2022 – 2030

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The global smart traffic analytics market
is estimated to occupy a large revenue by growing at a CAGR of ~12% during the forecast period, i.e., 2022 – 2030, attributing to the increasing urbanization in emerging countries, rising traffic congestion on roadways, and growing demographic rates across the world. Apart from these, escalating number of smart city projects in countries such as India, Malaysia and Singapore, is also expected to provide ample growth opportunities to the market
in the upcoming years.

The global smart traffic analytics market
is segmented by end user and product. Based on products, the traffic enforcement camera segment is anticipated to grab the largest market
share during the forecast period on the back of high efficiency of these cameras for traffic monitoring, control and identifying violations. Additionally, by end user, the highway segment is projected to occupy the largest market
share in the future ascribing to the increasing adoption of smart cities in developing countries.

Geographically, the market
is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to witness noteworthy growth in the market
during the forecast period attributing to the rapid rate of urbanization and growing traffic congestion in the region. Moreover, the market
in North America is assessed to occupy the largest market
share in the coming years owing to the increasing demand for real time data among drivers and high adoption of IoT in the region.

According to recent study by Research Nester, the Smart Traffic Analytics Market size is projected to expand at CAGR of over 12% from 2022 to 2030.

Major players include in the global Smart Traffic Analytics Market :

  • Accenture PLC
  • Cisco Systems, Inc.
  • Cubic Corporation
  • Siemens AG
  • SWARCO AG
  • FLIR Systems, Inc.
  • Global Traffic Technologies
  • International Road Dynamics
  • TagMaster Group
  • TRL Software

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Growing Urbanization Across the World to Drive Market Growth

More than half of the total population of the world lives in urban areas. As urbanization is increasing at a robust pace, the density of traffic and number of vehicles
on the road are also growing. This is anticipated to give rise to the soaring high demand for advanced traffic management systems, including smart traffic analytics, which are capable of providing useful insights based on real-time data.

However, low awareness regarding smart traffic analytics in under-developed nations is expected to operate as key restraint to the growth of the smart traffic analytics market
over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global smart traffic analytics market
which includes company profiling of Accenture PLC, Cisco Systems, Inc.
, Cubic Corporation, Siemens AG, SWARCO AG, FLIR Systems, Inc.
, Global Traffic Technologies, International Road Dynamics, TagMaster Group, TRL Software, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart traffic analytics market
that will help industry
consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a leading service provider for strategic market
research and consulting. We aim to provide unbiased, unparalleled market
insights and industry
analysis to help industries, conglomerates and executives to take wise decisions for their future market
ing strategy, expansion and investment
etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email:

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

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