Market Forecasts and Industry Analysis North America Intelligent Traffic Management Syste

North America Intelligent Traffic Management
System Market Growth: Radiant Insights, Inc
“Increasing encouragement for effective traffic
management in smart cities has led to growing
utilization of ITMS in North America. There is a
soaring adoption of cloud computing and data
analytics in traffic management, which further
boosts the market. ITMS for traffic monitoring
accounted for the maximum revenue share in
2016.”
Increasing encouragement for effective traffic management in smart cities has led to growing
utilization of ITMS in North America. There is a soaring adoption of cloud computing and data
analytics in traffic management, which further boosts the market. ITMS for traffic monitoring
accounted for the maximum revenue share in 2016. This segment is expected to expand at a CAGR of
12.9 % over the course of the forecast period.
ITMS is used for collecting, processing, analyzing, summarizing, and disseminating traffic data.
Traffic monitoring systems include both software and hardware devices such as video surveillance
systems, closed circuit televisions, loop detector systems, radar sensors, video detection software
systems, and communication systems. Intelligent driver information systems are expected to register
the highest CAGR of 18.4% over the forecast period. The segment is expected to reach USD 1.69
billion by 2024.
Complete Report Available @ https://www.radiantinsights.com/research/north-
america-intelligent-traffic-management-system-itms-market
Follow Us: