Public–Private Partnerships Accelerate Intelligent Traffic Infrastructure Deployment
The Intelligent Traffic Management System (ITMS) Market was valued at US$ 10.3 billion in 2023 and is projected to reach US$ 27.9 billion by 2030, registering a CAGR of 13.5% between 2024 and 2031.
Growth is being driven by rapid urbanization, increasing traffic congestion, and the need for smart city initiatives, coupled with advancements in IoT, AI, and real-time data analytics....
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