DEDHAM, Mass.--(BUSINESS WIRE)--New ARC Advisory Group research on Smart Traffic Management systems reveals that this dynamic market is poised for strong growth over the five-year forecast period. These increasingly capable, IoT-enabled systems centralize traffic operations management to provide an overview of real-time traffic conditions in any location, which helps municipalities alleviate congestion, optimize road capacity, respond to incidents, and enhance the overall travel experience and quality of life for residents. As a result, smart traffic management systems have emerged as key elements of smart city initiatives.
“In the world of IoT-connected devices, smart traffic management systems will transform the travel experience by enabling frictionless mobility and a sustainable lifestyle. Everything will be optimized, from travel times, to arrival information, to payment methods, to intermodal transportation,” according to Pranav Misal, Analyst at ARC Advisory Group and key author of ARC’s Smart Traffic Management Systems Global Market Research 2017-2022 report.
About the Smart Traffic Management Systems Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the smart traffic management systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.