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Global Smart Highway Market: Size, Trend, Share, Opportunity Analysis, & Forecast, 2025
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Based on system, the 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.
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
o Intelligent traffic management system
o Intelligent transport management system
o Communication system
o Traffic monitoring system
• By Service
o Consulting services
o Operational and maintenance services
o Other services
• By Deployment type
o On premise
o On-cloud
• By Geography
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Spain
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