Press release
Road Safety Market Demand 2019 - Conduent Business Services, Cubic Corporation, Dahua Technology, Jenoptik, Kapsch Trafficcom, Redflex Holdings, Sensys Gatso Group AB, Siemens , SWARCO, Verra Mobility
The increasing volume of traffic and stringent government regulations has positively impacted the road safety market. The increasing urban population, government regulations regarding road safety, and growing concerns towards public safety are the major factors that are driving the road safety market. The road safety market is highly competitive due to the presence of a large number of players operating in the market.
An increasing number of accidents, rapid motorization, and government initiatives for improving road safety are the major factors that are expected to drive the growth of road safety market. However, lack of standardized regulation regarding traffic control in different regions is a major factor that might hinder the growth of road safety market. The players operating in the market are focusing on providing highly advanced solutions with the integration of new technologies to gain a strong customer base and gain a strong market position.
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The reports cover key developments in the Road Safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Road Safety market are anticipated to lucrative growth opportunities in the future with the rising demand for Road Safety market in the global market.
Key Players Influencing the Market
• Conduent Business Services, LLC
• Cubic Corporation
• Dahua Technology Co., Ltd
• Jenoptik
• Kapsch Trafficcom
• Redflex Holdings
• Sensys Gatso Group AB
• Siemens
• SWARCO
• Verra Mobility
The "Global Road Safety Market Analysis to 2025" is a specialized and in-depth study of the Road Safety industry with a focus on the global market trend. The report aims to provide an overview of global Road Safety market with detailed market segmentation by solution, deployment type, application, vertical and geography. The global Road Safety market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global road safety market is segmented on the basis of solution and service. Based on solution, the market is segmented as enforcement solution, automatic license plate recognition/automatic number plate recognition, incident detection and response, others. On the basis of services the market is segmented as professional services, managed services.
Besides this, the report analyzes factors affecting Road Safety market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Road Safety Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Road Safety market based on the type and application. It also provides market size and forecast till 2025 for overall Road Safety market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Road Safety Market.
• Key market trends cracking up the growth of the Road Safety Market.
• Challenges to market growth.
• Key vendors of Road Safety Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Road Safety Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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