The Global Smart Highway Market 2018-2023: Market to Reach $54.11 Billion by 2023, Growing at a CAGR of 18.15% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 27, 2018--The “Global Smart Highway Market - Segmented by Technology, Type of Display (Digital Signage, Variable Message Sign), Deployment (On-cloud, On-premise), Service, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global smart highway market was valued at USD 19.89 billion in 2017 and is expected to reach a value of USD 54.11 billion by 2023 at a CAGR of 18.15% over the forecast period of 2018-2023.
Owing to the intensifying congestion, increasing pollution levels, and continuously increasing traffic, governments, road authorities, and road operators are focusing on upgrading the highway and roadway infrastructure. Due to these efforts, smart highways are expected to witness rapid adoption as they integrate advanced Information Communication Technology (ICT) solutions.
Moreover, for building wider, multi-lane roads with high-quality materials and efficient lane markings, highway infrastructure programs in several parts of the world are increasingly relying on advanced technologies and solutions that help in efficiently managing the flow of traffic on highways.
However, the high cost of installing all the technologies and components that make up the intelligent highway network are hindering the smart highway market.
Key HighlightsIncreasing Highway Infrastructure Projects to Drive the Market Smart Transportation Management System Offers Potential Opportunities North America to Account for a Major Share
Notable DevelopmentsCisco partnered with Davra Networks in February 2017 to gather and analyze real-time data from sensors and data sources to improve mobility and safety across the town, reduce congestion, and improve traffic management.
Key Topics Covered
2. Research Approach and Methodology
3. Market Insights
4. Market Segmentation
5. Competitive Intelligence - Company ProfilesAlcatel-Lucent Cisco Systems IBM Corporation Indra Systemas S.A. Infineon Technologies Intelligent Highway Solutions Inc. Kapsch AG LG CNS Schneider Electric Siemens AG Xerox Corporation
6. Investment Analysis
7. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/h2j76b/the_global_smart?w=4
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Related Topics:Hardware,Internet of Things and M2M,Cloud Computing and Storage,LED (Light Emitting Diodes)
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET SOFTWARE TRANSPORT OTHER TRANSPORT PUBLIC TRANSPORT
SOURCE: Research and Markets
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PUB: 08/27/2018 09:28 AM/DISC: 08/27/2018 09:28 AM