Report Overview:
Integrated systems using IoT, AI, and big data analytics to optimize traffic flow, reduce congestion, and improve urban mobility in smart city environments.
The global Advanced Traffic Management for Smart Cities market is showing strong growth, driven by increasing urbanization, rising traffic congestion issues, and government initiatives for smart city development. Key players include Siemens Mobility, Cisco Systems, and IBM Corporation. In 2024, adaptive traffic signal control systems accounted for 35% of the market, with AI-powered predictive traffic management solutions growing at 13.8% annually. The industry is seeing innovation in vehicle-toinfrastructure (V2I) communication systems, reducing.
Market Value:
The global Advanced Traffic Management for Smart Cities market size was valued at US$ 12.56 billion in 2024 and is projected to reach US$ 22.84 billion by 2030, at a CAGR of 10.5% during the forecast period 2024-2030.
