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Research details developments in the global smart highway market

Industrial Market Research

A brief overview of Global Global Smart Highway Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography

Since the last decade, the use of the word has become a common practice at nearly all levels; for instance, smartphones, smart city, smart airports, smart buildings, smart energy, and smart technology. In this smart world, the roads and highways must be renovated to adapt to a relevant role in this revolution of becoming smart, in a way for a city to be termed ‘smart city”.

A smart road can provide citizens with smart mobility as well as safe roads to travel.

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Based on system, the market is divided into intelligent traffic management system, intelligent transport management system, communication system, and traffic monitoring system.

The smart highway market based on services is sub-divided into consulting services operational and maintenance services & other services. The market by deployment type is segmented into on premise and on-cloud deployment.

A geographic breakdown and deep dive analysis of each of the aforesaid segments has been covered for North America, Europe, Asia-Pacific, and LAMEA. 

Market Dynamics:
• Growing market demand for connected or smart cars 
• Need for improved and sustainable highway infrastructure
• Increasing demand for safe and secure roads, remote traffic surveillance, and reduction in traffic congestion

Continuously developing infrastructures
Dearth of technology awareness amongst vehicle drivers

Market Players:
Top players in the global smart highway market include Alcatel Lucent, LG CNS, Huawei, Kapsch AG, IBM, Siemens AG, Cisco, Schneider Electric, TrafficCom, and Xerox Corporation.

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By System
o Intelligent traffic management system
o Intelligent transport management system
o Communication system
o Traffic monitoring system

By Service 

o Consulting services
o Operational and maintenance services 
o Other services

By Deployment type
o On premise
o On-cloud

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