Redefining Urban Mobility with Intelligent Traffic Management
Global Intelligent Traffic Management System Market was valued at US $ 9.4 Billion in 2023 and is expected to reach US $ 22.0 Billion by 2032 growing at a CAGR of 11.20 % during the forecast period 2024 – 2032
One of the key drivers propelling the growth of the ITMS market is the rising adoption of smart city initiatives worldwide. As urban populations continue to swell, cities are under pressure to optimize their transportation networks. ITMS plays a crucial role in this regard by employing advanced technologies such as artificial intelligence, IoT sensors, and data analytics to monitor and manage traffic in real-time.
By: SanskarTambe
15-Feb-2024 12:08 pm
User Website : https://factviewresearch.com/report/global-intelligent-traffic-management-system-market
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