DUBLIN–(BUSINESS WIRE)–The “Smart Signalling Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global smart signaling market is expected to reach revenue of $339.5 million by 2024, growing at a CAGR of around 41.4% during the forecast period.
The market is likely to witness a substantial growth with increasing government initiatives toward creating smart and sustainable cities. Several smart city initiatives across the US and Canada have started implementing pilot projects for smart signaling.
Canadian cities, Toronto and Montreal, are expected to receive smart signaling systems as the citizens spent over 45 hours in traffic annually in 2016 and 2017. Toronto has received deployment of smart signal pilot projects across 22 intersections in the city to replace the existing Adaptive Traffic Signal Control technology, currently used at 350 intersections.
The report provides in-depth insights into major technology trends, supporting solutions and services, which govern smart signaling globally. The evaluation is backed with quantitative and qualitative analysis, historical data, and other supportable projections about the market size.
The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor assessments from annual reports, white papers, press releases, and investor presentations along with end-user analysis for case studies. Thus, the research report serves every side of the market and is segmented based on regional markets, hardware, software, and services.
- Necessity to reduce traffic congestion
- Increased investments in road infrastructure development
- Increase in road accidents/fatality rate
- High cost and uncertain efficacy
- Testing the effectiveness of smart signaling
- Smart city initiatives
- Growing urbanization
The key players operating in the smart signaling market include Onnyx, Trafficware, Rapid Flow Technologies, GE, Siemens AG, and others.
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Hardware: Market Size & Analysis
7 Software: Market Size & Analysis
8 Services: Market Size & Analysis
10 Vendor Profiles
- General Electric
- Siemens AG
11 Companies to watch for
- Rapid flow technologies LLC.
- Rhythm Engineering
- SWARCO AG
- Redflex Holdings
For more information about this report visit https://www.researchandmarkets.com/research/9mt2cl/global_smart?w=4
View Source: http://www.businesswire.com/news/home/20181003005342/en/Global-Smart-Signalling-Market-Drivers-Restraints-Opportunities/?feedref=JjAwJuNHiystnCoBq_hl-WepL6sRhX6ZA9uIKkLyMC2Ka1ah7uC6RdZY8DBvigxR7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LO4aHursdTgjq-KNSSWsKUa97ZTKjNldK1STeKrUjqbvg==