Global Integrated Traffic Systems Market 2019-2023 | Emergence of Smart Cities to Boost Growth | Technavio

Technavio has announced its latest market research report titled global integrated traffic systems market 2019-2023 (Graphic: Business Wire)

LONDON--()--The global integrated traffic systems market is expected to post a CAGR of over 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Increasing toll road expansion plans are one of the key factors driving the integrated traffic systems market growth during the forecast period. Variable message signs display, LED displays, vehicle detection sensors, speed sensors, display board sensors, and other safety devices are set up in these toll booths for monitoring vehicle passage in a safe and compliant manner. Furthermore, governments across the developed and emerging economies are focusing on the deployment of integrated traffic systems on toll roads to offer automated traffic safety and conduct effective vehicle monitoring. These initiatives from the government encouraging toll road expansion plans will further boost market growth.

To learn more about the global trends impacting the future of market research, download a free sample:

As per Technavio, the emergence of smart cities will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Integrated Traffic Systems Market: Emergence of Smart Cities

Smart cities interconnect several digital technologies that enhance communication among devices as well as improve their performance, reduce costs, and help use resources efficiently. In addition, smart cities are expected to aid end-users in responding faster to the challenges faced by urban settlements. Furthermore, the number of smart cities is expected to grow rapidly during the forecast period as governments across the globe are partnering with information technology companies to carry out smart city projects across the globe. This, in turn, will increase the requirement for integrated traffic systems as they can provide efficient traffic management and traffic control solutions for smart cities.

“Other factors such as government initiatives for the development of intelligent transportation systems, increasing demand for effective traffic management due to growing number of vehicles, and the extensive use of high dynamic range cameras and Ethernet-based advanced driver assistance systems (ADAS) will boost market growth during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Global Integrated traffic systems Market: Segmentation Analysis

This market report segments the global integrated traffic systems market by solution (traffic monitoring system, traffic control system, and others) and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the market in 2018, followed by Europe, APAC, MEA, and South America, respectively. Factors such as the early adoption of technology and the availability of the necessary infrastructure to deploy technology solutions are some of the key factors contributing to the growth of the global integrated traffic systems market in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The global integrated traffic systems market is expected to post a CAGR of over 8% during the period 2019-2023, according to Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200