TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

AI & ML

AI & ML

Transforming traffic management industry to generate over US$6 billion in system revenues by 2023

Via ABI Research Media Releases

Aug 22, 2018

London, United Kingdom - 22 Aug 2018

Traffic management approaches are evolving from legacy monitoring solutions based on embedded road sensors and centralized, manually operated control centers to closed loop systems leveraging real-time, hyper-granular traffic data crowdsourcing and allowing active response management. These transformative technologies and business models will create shifts in the types of traffic management revenues but will continue to drive growth rates of around 10% to generate over US$6 billion by 2023 according to a new report from ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.

“The traffic management industry is moving from passive monitoring and traffic information dissemination to active, intelligent rerouting to maintain traffic flows,” says Dominique Bonte, Vice President End Markets at ABI Research. "(Semi-) automated response management to incidents is accomplished through adaptive digital signage, road section closures, alternative routing, and seamless integration with backup public transport. Suppliers like Kapsch, Siemens, and PTV Group (Porsche SE) are among the leading actors in this transforming landscape.”

From a planning perspective, predictive traffic data and advanced AI-based analytics allow adopting preventive measures to avoid or at least reduce the worse instances of foreseeable congestion. Additionally, instruments like HOV lanes, intelligent traffic lights, congestion zones, and dynamic Road User Charging (RUC) allow either prioritizing or influencing traffic levels. Traffic data can also be used for long-term urban planning and design.

However, the inherent limitations of traffic management solutions in terms of their incremental and reactive nature can only be offset through long-term structural solutions, ranging from car sharing to smart parking and future driverless mobility.

These findings are from ABI Research’s Intelligent Transportation Systems Market Forecast report. This report is part of the company’s Intelligent Transportation and eFreight research service, which includes research, data, and Executive Foresights.

Related Topics
  • ABI Research,
  • AI & ML,
  • Announcement,
  • Europe,
  • Research and Trials,
  • Tracker,
  • Transport and Logistics

More Like This

5G Evolution

What’s up with… Dish and Amazon, Ericsson, Open RAN & 5G in Brazil

May 26, 2023

Network Automation

Towards the AI-native telco

May 26, 2023

Digital Platforms and Services

GenAI fever gives Nvidia a boost

May 25, 2023

Digital Platforms and Services

NVIDIA announces financial results for first-quarter fiscal 2024

May 25, 2023

Digital Platforms and Services

Dell Technologies and NVIDIA introduce Project Helix for secure, on-premise generative AI

May 25, 2023

This content extract was originally sourced from an external website (ABI Research Media Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:17:33

From telco to techco: The impact of next-gen operations on skills, talent acquisition and retention

1:14:31

Achieving maximum operational efficiency: How service providers can best operate at speed and scale

1:14:20

Why data and APIs are key to implementing the vision of the digital services provider

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us

  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).