Advanced Traffic Management for Smart Cities Market Growth Outlook Beyond 2030

Advanced Traffic Management for Smart Cities Market: Introduction

• Advanced traffic management for smart cities is meant to provide services, solutions, and products to ease traffic congestion, in order to improve quality of life. Advanced traffic management for smart cities uses advance technologies such as artificial intelligence to bolster traffic signals, to obtain data on real- time traffic conditions.
• Furthermore, collecting data about traffic and vehicle, since there is rise in automobiles, across the developed and developing economies especially in urban areas, is expected to enhance the demand of advanced traffic management for smart cities market. Thus, advanced traffic management for smart cities helps traffic authorities to acquire the details of traffic analytics.
• The COVID-19 outbreak has been the main catalyst for the growth and adoption of advanced traffic management for smart cities. Advanced traffic management for smart cities during the pandemic outbreak has helped governments across various countries to improve traffic congestion after the lockdown. Real- data intelligence actions, is used by the government agencies in smart cities for public safety monitoring. This helps them to monitor, control, optimize, and operate traffic in urban areas.

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Global Advanced Traffic Management for Smart Cities Market: Dynamics

Global Advanced Traffic Management for Smart Cities Market: Key Drivers and Restraints

• Rising concerns about traffic congestion and motor accidents worldwide is expected to boost the growth of the advanced traffic management for smart cities market.
• Growing adoption of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) to control traffic congestion is expected to drive the demand for advanced traffic management for smart cities across the world.
• Increasing investment for smart city development from government bodies and private construction companies across developed and developing countries, is expected to trigger the demand for advanced traffic management for smart cities over the forecast period, 2020- 2030.
• Detecting traffic jams, predictive optimization of traffic, and evidence in accidents or traffic law violations are some of the factors which drive the advanced traffic management for smart cities market.