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The AI for smart city traffic optimization market is forecasted to grow by USD 37.04 billion during 2024-2029, accelerating at a CAGR of 31.5% during the forecast period. The report on the AI for smart city traffic optimization market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by escalating urbanization and resultant traffic congestion, increasing government focus and investment in smart city initiatives, and technological advancements and increasing maturity of enabling technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The AI for smart city traffic optimization market is segmented as below:
By Component
- Solutions
- Services
By Application
- Real time data analysis
- Adaptive signal control
- Traffic prediction
- Accident detection and response
By Technology
- Machine learning
- Deep learning
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the AI for smart city traffic optimization market covers the following areas:
- AI For Smart City Traffic Optimization Market sizing
- AI For Smart City Traffic Optimization Market forecast
- AI For Smart City Traffic Optimization Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Application
9 Market Segmentation by Technology
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global AI for smart city traffic optimization market: Cisco Systems Inc., Cubic Corp., Currux Vision, Derq Inc., Econolite Control Products Inc., GoodVision Ltd., GridMatrix, Hayden AI Technologies Inc., Indra Sistemas SA, INRIX Inc., International Business Machines Corp., Iteris Inc., Kapsch TrafficCom AG, Miovision Technologies Incorp., NoTraffic Ltd., PTV Planung Transport Verkehr AG, Q Free ASA, Siemens AG, Simplifai Systems Ltd, SWARCO AG, Thales Group, and TomTom NV.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise of AI at edge in traffic management."
According to the report, one of the major drivers for this market is the escalating urbanization and resultant traffic congestion.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cisco Systems Inc.
- Cubic Corp.
- Currux Vision
- Derq Inc.
- Econolite Control Products Inc.
- GoodVision Ltd.
- GridMatrix
- Hayden AI Technologies Inc.
- Indra Sistemas SA
- INRIX Inc.
- International Business Machines Corp.
- Iteris Inc.
- Kapsch TrafficCom AG
- Miovision Technologies Incorp.
- NoTraffic Ltd.
- PTV Planung Transport Verkehr AG
- Q Free ASA
- Siemens AG
- Simplifai Systems Ltd
- SWARCO AG
- Thales Group
- TomTom NV
