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Smart Highways Market Worth $27,992.0 Million by 2019

DALLAS, October 8, 2014 /PRNewswire/ --

According to new research report "Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019", by MarketsandMarkets, defines and segments the global Smart Highway market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.

Browse 75 market tables and 37 figures spread through 141 pages on"Smart HighwayMarket  - Global Forecast to 2019"

Early buyers will receive 10% customization on this report. 

The increased need for more reliable, safe, and efficient transportation and growth of interstate highways market are playing a major role in shaping the future of Smart Highways Market. As the need for safe, traffic free, and less travel time is increasing organizations are introducing new technologies at an affordable cost. Because of these requirements the transportation and traffic technology vendors companies is witnessing dramatic technological changes, and highways is one of the attractive segment among them. The introduction of Electronic Toll Collection (ETC) has permitted easy payments and has eliminated the idle time at toll. The successful deployment of highway technology, solutions and its increasing adoption has forced the companies to expand into new geographies. This has made smart highways an attractive high growth segment for enterprises.

MarketsandMarkets has segmented the global Smart Highways Market by technology: intelligent transport management system, intelligent traffic management system, communication system and monitoring system; and services: consultancy, managed services, and maintenance and operation services; by display: variable message signs, digital signage, and others; by deployments: on-premise and on-cloud; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). The biggest player of this market who contributes to the major share include Alcatel Lucent, IBM, Schneider Electric, Huawei, Cisco, Siemens AG, Indra, Kapsch AG, LG CNS and Xerox Corporation.

The major forces driving this market are need for more reliable, safe, and congestion free is driving the growth in Smart Highways Market. The prime opportunity which is expected to boost this market is adoption of Intelligent Transport System (ITS) and developing infrastructure.

Further Inquiry:

MarketsandMarkets expects that the global Smart Highways Market is estimated to be $12,564.4 million in 2014 and is expected to grow to $27,992.0 million in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 17.4% from 2014 to 2019. In the current scenario, APAC is expected to be the biggest market on the basis of need for advance transportation and execution of smart cities projects. MarketsandMarkets further expects that the increasing demand for safety, congestion free, and less travel time consumption is driving the growth of the market.

Browse Related Reports 

Smart Transportation Market (Ticketing Management, Parking Management, Traffic Management, Smart Signalling System, Multimodal Information System, Cloud Services, Business Services) - Global Advancements, Forecasts and Analysis (2014 - 2019)

Transportation Safety and Transportation Security Market [Modes (Airways; Seaways; Roadways; Railways); Systems (Access Control; Surveillance, Scanning, Screening, Tracking, Navigation, Fire Safety)] - Global Forecasts and Analysis (2013 - 2018)

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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