Smart Highway Market Size, Research & Analysis

1
Global Smart Highway Market to Be Propelled
Growing Difficulties from Traffic Congestions,
and Large Investments Made Towards the
Development of Smart City Projects by CAGR of
19 During 2023 2033 Kenneth Research
published a report titled Smart Highway Market
Global Demand Analysis Opportunity Outlook
2033 which delivers detailed overview of the
global smart highway market in terms of market
segmentation by technology, component, service,
deployment mode, and by region. Further, for the
in-depth analysis, the report encompasses the
industry growth indicators, restraints, supply
and demand risk, along with detailed discussion
on current and future market trends that are
associated with the growth of the market.
The global smart highway market is expected to
hold a revenue of USD 145 billion by 2033,
growing from USD 25 billion in 2022. The market
growth can be attributed to the frustrating
traffic congestion, the large investments towards
smart city projects, carbon dioxide emission
from traffic, the use of autonomous vehicles, and
concerns over traffic accidents.
2
The global smart highway market is expected to
grow at a CAGR of 19 from 2023- 2033. The
market is segmented by deployment mode into
on-premise and cloud. Between these, the cloud
segment is anticipated to hold the largest market
share by the end of 2033, owing to the growth of
data being stored in the cloud,
cost-effectiveness, scalability, flexibility,
reduced downtime, and improved customer
service. For more informations_at_https//www.kennet
hresearch.com/report-details/global-
smart-highway-market/10065224 The global smart
highway market is divided into five major
regions, including North America, Europe, Asia
Pacific, Latin America, and Middle East Africa.
The market in North America is projected to hold
the largest market share by the end of 2033,
backed by the presence of developed economies,
and the government spending on road
infrastructure development. The research is
global in nature and covers detailed analysis on
the market in North America (U.S., Canada),
Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands Luxembourg,
NORDIC Finland, Sweden, Norway, Denmark,
Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of
Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore,
Malaysia, Australia, New Zealand, Rest of
Asia-Pacific), Middle East and Africa (Israel,
GCC Saudi Arabia, UAE, Bahrain, Kuwait, Qatar,
Oman, North Africa, South Africa, Rest of
Middle East and Africa). In addition, analysis
comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report. Large
Investments for Smart City Projects to Boost the
Market Growth It is estimated that the global
technology spending on the initiatives on smart
city projects should reach 190 billion in 2023.
Smart cities aim to achieve minimum
environmental impact and better performance in a
cost-effective manner with the help of automated
services functioning based on the data collected
by sensors. Smart
3
highways are inevitable to facilitate the
services, planning, construction, and management
of smart cities through the use of technologies,
including artificial intelligence (AI), the
internet of things (IoT), and cloud
computing. However, high investments, limits in
technology infrastructure, and the slow adoption
of smart highways in some places are expected to
operate as key restraints to the growth of the
global smart highway market over the forecast
period. This report also provides the existing
competitive scenario of some of the key players
of the global smart highway market which
includes company profiling of Advanced Services
in Mobility S.L. (ASIMOB), Bercman Technologies
AS, Cisco Systems, Inc., Delcan Technologies Inc
(DTI), Huawei Technologies Co., Ltd., IBI Group
Inc., International Business Machines
Corporation (IBM Corp.), Indra Sistemas S.A.,
Infineon Technologies AG, INRIX, Inc., and
others. The profiling enfolds key information of
the companies which encompasses business
overview, products and services, key financials
and recent news and developments. On the whole,
the report depicts detailed overview of the
global smart highway market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request Report Sample_at_ https//www.kenneth
research.com/sample-request- 10065224 Kenneth
Research is a leading service provider for
strategic market research and consulting. We aim
to provide unbiased, unparalleled market insights
and industry analysis to help industries,
conglomerates and executives to take wise
decisions for their future marketing strategy,
expansion and investment etc. We believe every
business can expand to its new horizon, provided
a right guidance at a right time is available
through strategic minds. Our out of box thinking
helps our clients to take wise decision in order
to avoid future uncertainties. Contact for more
Info
4
AJ Daniel Email sales_at_kennethresearch.com U.S.
Phone [phone]