(MENAFN- PR Newswire) DUBLIN, Jan. 19, 2024 /PRNewswire/ — The
“Traffic Management Systems Market by Offering, Deployment, Technology & Geography – Global Forecasts to 2030” report has been added to
ResearchAndMarkets’s offering.
The traffic management systems market is projected to reach $50.20 billion by 2030, at a CAGR of 13.3% from 2023 to 2030
The growth of the traffic management systems market is driven by increasing government investments in improving road safety, the rising need to ease traffic congestion, and growing urbanization. However, the high capital and maintenance costs of traffic management systems restrain the growth of this market.
The growing reliance on real-time traffic information and the proliferation of smart cities are expected to generate growth opportunities for the stakeholders in this market. However, the lack of…
