Rising Urban Congestion Fuels Demand for Intelligent Traffic...

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2025-10-14 07:46:42 -

Rising Urban Congestion Fuels Demand for Intelligent Traffic Management Solutions

The Intelligent Traffic Management System (ITMS) Market was valued at US$ 10.3 billion in 2023 and is projected to reach US$ 27.9 billion by 2030, registering a CAGR of 13.5% between 2024 and 2031. Growth is being driven by rapid urbanization, increasing traffic congestion, and the need for smart city initiatives, coupled with advancements in IoT, AI, and real-time data analytics....

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