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The intelligent traffic management (ITMS) market size is forecast to increase by USD 19.42 billion at a CAGR of 13.64% between 2023 and 2028. The Intelligent Traffic Management System (ITMS) market is experiencing significant growth due to the increasing demand for real-time data and AI based smart traffic solutions. The wave in public transportation usage and the purchase of four-wheelers have led to increased road congestion, resulting in a need for efficient traffic management systems. ITMS plays a crucial role in responding to emergencies and improving travel time by optimizing signal controls and managing traffic flow. Smart city projects are also driving the market, with data storage facilities becoming essential for managing vast amounts of traffic data. However, challenges such as the lack of skilled professionals in government traffic organizations and the high cost of implementation hinder market growth. Overall, the ITMS market is expected to continue expanding as cities prioritize efficient transportation systems and smart infrastructure solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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