Road Safety Market: Industry Research and Forecast Analysis 2017
The constant need for road safety and public security are prompting governments to impose stringent regulations. These regulations are, in turn, encouraging the growth of the global road safety market. The increasing number of passengers, congestion, and traffic on the road, particularly on bridges and highway, is promoting the deployment of road safety systems and solutions. Moreover, the flourishing growth of the transportation sector is positively impacting the growth of the market.
The rapid urbanization, especially in emerging countries, is paving way for new infrastructural development and improvement of existing roads, which is also working in favor of the global safety roads market. On the flip side, the insufficient government funding in developing and less developed countries is acting as a major impediment to the growth of the global road safety market. A large portion of the budget is allocated to road maintenance, which creates budget insufficiencies for the implementation of advanced road technologies. Furthermore, the lack of awareness regarding such systems is inhibiting their widespread adoption.
However, upcoming transportation projects around the world along with the development of critical transportation infrastructure facilities are expected to bring tremendous growth opportunities with them. The majority of players in the global road safety market are paying extensive attention to the development of products that are high reliable and maximize safety on roads. In addition, they are adding systems and solutions to their portfolio that are embedded with varied technologies to improve the efficiency and cut down the overall cost. All these strategies followed by players are shaping the future of the global road safety market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=770
Global Road Safety Market: Overview
Numerous systems, devices, and technologies are leveraged to ensure safety on highways, bridges, tunnels, and urban roads. Together they constitute the global road safety market, which at present is characterized by the presence of many players both from the private and public sectors. As a result, the competitive landscape is fragmented.
Depending upon the different solutions for road safety available, the global market can be classified into automatic license plate recognition, red light enforcement, incident detection system, speed enforcement, and bus lane compliance, among others. Among them, the red light enforcement segment and the automatic license plate segment shows maximum promise.
Based on the type of service, the global road safety market can be segmented again into professional services and management services. Professional services is comprised of training, support, and maintenance, consulting and system integration, and risk assessment and analysis. Of these, the consulting and system integration services is forecasted to gain the most in the near future and also account for maximum market share.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=770
Global Road Safety Market: Trends and Opportunities
Majorly boosting growth in the global road safety market is the massive spending on roadways, including highways and bridges, tunnels and urban roads across the globe. Another crucial growth driver is the rising prevalence of road accidents on account of more vehicles plying on the roads. Speeding or rash driving with utter disregard for rules mostly result in accidents. Efforts to stem them has led to the swift uptake of road safety devices and systems such as the automatic license plate recognition solution. Automatic license plate recognition, for example, is easy to install and has functionalities such as video cameras, speed calculation, and alarms to monitor vehicles.
Red light enforcement is anticipated to contribute the most to the global market for road safety. This is because red light enforcement is easy to install and comparatively cheaper. Additionally, with the emergence of smart cities and increased safety measures adopted by governments, the red lights will see further demand.
The smart city initiatives by various governments has dramatically upped the need for advanced infrastructure development and new technologies such as incident response systems, driver assistance systems, vehicle lane enforcement systems, automatic number plate recognition systems.
Read Comprehensive Overview of Report@ https://www.tmrresearch.com/road-safety-market
Global Road Safety Market: Regional Outlook
Geographically, the key segments of the global market for road safety are Asia Pacific, Europe, North America, and the Rest of the World. North America, among them, holds a leading position due to the early adoption of the latest cutting-edge technologies and the presence of a host of solution providers in the region. In the years ahead, however, Asia Pacific is slated overtake all other regions in terms of growth rate on account of the stellar economic growth and various government initiatives to bolster road safety in the region. Countries of Australia, India, China, and Philippines, for instance, have undertaken major initiatives to better strategic planning, agency capability, and evaluation of road safety projects. Alongside Asia Pacific, the Middle East and Africa is forecasted to offer good growth opportunities for players too in the near future.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth researh of the market, we try to bring about game-changing success for our clients.
Head - Internet Marketing
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Road Safety Market: Industry Research and Forecast Analysis 2017 here
News-ID: 621368 • Views: 110
More Releases from TMR Research
Hydrolyzed Plant Proteins Market Booming Global Industry Investments and future …
Global Hydrolyzed Plant Proteins Market: Overview Hydrolyzed plant proteins have found use in a wide range of applications in the food and beverages industry. Most commonly, the protein is used to enhance flavor in several processed food products. Several functional characteristics are key to the growing popularity of these proteins. Proteins from oil-producing plants have excellent fat binding and emulsification properties, which are being utilized by hydrolyzing these for applications that
Rose Extracts Market 2028 | Young Living Essential Oils, Thracian Oils Ltd., Fle …
Global Rose Extracts Market: Overview Pharmacological properties of key species of rose flowers are well known, and several companies have been utilizing these for skin care. This is one of the key trends propelling the steady evolution of the rose extracts market. A growing body of in-vivo and in-vitro clinical studies over the past few years have underscored the therapeutic potential of rose extracts. In skin care, rose extracts have been
Global Fruit Tea Market Analysis, Size, Share, Growth & Forecast 2018-2028: Tata …
Global Fruit Tea Market: Overview Based on the nutritive value like vitamin C, and health benefits such as great antioxidant are some of the reasons that are boosting the demand for fruit tea across the globe. Moreover, the growing popularity of the beverage in health cautious genre of population is also a crucial factor that is propelling the demand for fruit tea market. Based on these factors the global fruit
Dairy Desserts Market 2028 | General Mills Inc., Royal FrieslandCampina NV, Nest …
Global Dairy Desserts Market: Overview Who doesn’t love a good dessert after a delicious dinner or lunch? Though they are filled with high calories, they are highly in demand. However, dairy desserts are something that everybody cherishes. The variety in taste and shapes, they are being loved by every age group. Based on the delicious taste and widespread acceptance the global dairy desserts market is expected to grow substantially in the
More Releases for Road
Dartford Road Dental Centre
Dartford Road Dental Centre – dentist in Dartford Dartford Road Dental Centre is a dentist in the heart of Dartford and provides great dental care to patients from Dartford and the surrounding area. The dental practice opened in the 1980s and prides itself on providing award-winning dental care at affordable prices. The aim of Dartford Road Dental Centre is to provide good quality, up to date dental care in a caring and
Off-road Vehicles Market
Off-road vehicles are vehicles, which run on and off the road surface, usually over rough terrain. These vehicles are categorised on the basis of specifications of tyre and suspension. Factors such as high ground clearance, skid plates, approach departure, and breakover allows these vehicles to ply on unpaved roads with low and rough traction surfaces. It includes both two-wheelers and four-wheelers such as SUVs. Major factor driving growth of the market
Nineteen Church Road
Nineteen Church Road is a dentist in Hoveton in Norfolk. Everyone at the practice is dedicated to providing the very best in dental healthcare for all the family. They believe that each person is a unique and special individual who deserves the very best treatment, and they are committed to giving you just that. The dental practice in Hoveton offers dental implants, sedation, smile makeovers and dentures. In addition to cosmetic dentistry
Road Safety Market
Numerous systems, devices, and technologies are leveraged to ensure safety on highways, bridges, tunnels, and urban roads. Together they constitute the global road safety market, which at present is characterized by the presence of many players both from the private and public sectors. As a result, the competitive landscape is fragmented. Depending upon the different solutions for road safety available, the global market can be classified into automatic license plate
The Road to Co-operation
Gordon Pearson offers this critical and informed protest against the absurdity and error of economic theory, shedding new light on the predicament faced in 2012. He highlights the dangers of using bizarre mathematical models to guide policy prescriptions, arguing that the global challenges of growth and sustainability affect free market fundamentalist orthodoxy, causing a negative impact on enterprises, their governance and their stakeholders. His proposed realistic changes in policy and
Calendar Silk Road 2009
Under the title „Silk Road 2009 “has just published the calendar of the German globetrotter Jan Balster. The calendar: Samarkand and Buchara - names from 1001 nights, grand architecture of a century-old history Central-Asia. An expedition through the northern countries Central-Asia between Uzbekistan to China. The observer succumbs to the fascination of outstanding photographies that is sedate in scene optimally. Each leaf of the calendar is printed on both sides, a photography