Portland, OR -- (SBWire) -- 12/26/2017 --How Much You Know About Smart Highway Market
What Makes Smart Highway A Booming Industry?
What Factors Increased The Demand of Smart Highway Market Here's The Answer!
Since the last decade, the use of the word smart has become a common practice at nearly all levels; for instance, smartphones, smart city, smart airports, smart buildings, smart energy, and smart technology. In this smart world, the roads and highways must be renovated to adapt to a relevant role in this revolution of becoming smart, in a way for a city to be termed smart city. A smart road can provide citizens with smart mobility as well as safe roads to travel.
Based on system, the Smart Highway Market is divided into intelligent traffic management system, intelligent transport management system, communication system, and traffic monitoring system. The smart highway market based on services is sub-divided into consulting services operational and maintenance services & other services. The market by deployment type is segmented into on premise and on-cloud deployment. A geographic breakdown and deep dive analysis of each of the aforesaid segments has been covered for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
Growing market demand for connected or smart cars
Need for improved and sustainable highway infrastructure
Increasing demand for safe and secure roads, remote traffic surveillance, and reduction in traffic congestion
Restraints:
Continuously developing infrastructures
Dearth of technology awareness amongst vehicle drivers
Market Players:
Top players in the global smart highway market include Alcatel Lucent, LG CNS, Huawei, Kapsch AG, IBM, Siemens AG, Cisco, Schneider Electric, TrafficCom, and Xerox Corporation.
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MARKET LANDSCAPE
By System
Intelligent traffic management system
Intelligent transport management system
Communication system
Traffic monitoring system
By Service
Consulting services
Operational and maintenance services
Other services
By Deployment type
On premise
On-cloud
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
