Intelligent Traffic Management System (ITMS) market is projected to grow from US$ 8492.3 million in 2023 to US$ 12600 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.8% - Valuates reports

The global Intelligent Traffic Management System (ITMS) market is projected to grow from US$ 8492.3 million in 2023 to US$ 12600 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.

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An intelligent traffic management system (ITMS) is defined as an advanced application that-without embodying intelligence as such-aims to provide innovative services related to different modes of transport and traffic management.
Market Analysis and Insights: Global Intelligent Traffic Management System (ITMS) Market
The US & Canada market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The China market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The Europe market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global key companies of Intelligent Traffic Management System (ITMS) include ADCCO, Agero, Inc., DENSO Corporation, EFKON AG, Hitachi Ltd., Garmin International, Inc., Iteris, Inc., Kapsch TrafficCom AG and Lanner Electronics, Inc., etc. in 2022, the global top five players had a share approximately % in terms of revenue.
Report Includes
This report presents an overview of global market for Intelligent Traffic Management System (ITMS) market size. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key producers of Intelligent Traffic Management System (ITMS), also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Intelligent Traffic Management System (ITMS), and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Intelligent Traffic Management System (ITMS) revenue, market share and industry ranking of main companies, data from 2018 to 2023. Identification of the major stakeholders in the global Intelligent Traffic Management System (ITMS) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, revenue, and growth rate, from 2018 to 2029. Evaluation and forecast the market size for Intelligent Traffic Management System (ITMS) revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including ADCCO, Agero, Inc., DENSO Corporation, EFKON AG, Hitachi Ltd., Garmin International, Inc., Iteris, Inc., Kapsch TrafficCom AG and Lanner Electronics, Inc., etc.

Segment by Type
Traffic Monitoring Systems
Traffic Signal Control Systems
Traffic Enforcement Camera
Integrated Corridor Management (ICM)
Intelligent Driver Information Systems
Others

Segment by Application
Government
Commercial

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