The article cited AMA's "Global Advanced Traffic Management for Smart Cities Market Study" explored CAGR of %. According to the report, Integration with Advanced Technologies Such as Artificial Intelligence (AI) is one of the primary growth factors for the market. Increasing Number of Smart City Projects
is also expected to contribute significantly to the Advanced Traffic Management for Smart Cities market. Overall, Intelligent Transportation Systems (ITS) Solutions
applications of Advanced Traffic Management for Smart Cities, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Use, such as Traffic Management Agencies, is boosting the Advanced Traffic Management for Smart Cities market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment Model, such as On-Premise, is boosting the Advanced Traffic Management for Smart Cities market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Advanced Traffic Management for Smart Cities market identified that the demand is rising in many different parts of the world as "Increasing Demand Across Emerging Regions". Furthermore, some recent industry insights like "On 19th January, 2018 - Ericsson Announced its Plans to Implement Smart City Technology in Dallas Region. The Company's Smart City Technology Approach Will Enable Cities to Aggregate and Interpret Real-Time Data in Order to Monitor Traffic Lights and Other Systems. Dallas Enlisted Ericsson To Install and Host an Advanced Traffic Management System. and On 25th January, 2018 - DiDi (World’s Largest Mobile Transportation Platform) Introduced its Smart Transportation Solution for Traffic Management, called “DiDi Smart Transportation Brain”. More than 20 Chinese Cities Have Embraced the DiDi Smart Transportation Brain, Which Is Driven by Three Main Features: Discover, Decide, And Deploy" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Advanced Traffic Management for Smart Cities market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Advanced Traffic Management for Smart Cities market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Advanced Traffic Management for Smart Cities market size is calculated using market estimation process, the Advanced Traffic Management for Smart Cities market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Advanced Traffic Management for Smart Cities market size has been validated using both top-down and bottom-up approaches.