BASINGSTOKE, England, May 16, 2022–(BUSINESS WIRE)–A new study of Juniper Research predicted that global economies of CO2 emissions from intelligent traffic management systems will be 205 MMT (million metric tons) by 2027; a growth of 41%, compared to only 145.7 MMT in 2022. This significant saving will be equal to almost twice the CO2 emissions from domestic transport in the UK in 2019. Reducing congestion through optimized traffic control will be the main influencing factor.
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Smart Traffic Management: Driving Change in Urban Mobility Infographics (Graphic: BUsiness Wire)
Intelligent traffic management uses digital technologies to manage traffic, based on real-time data to reduce congestion and minimize emissions.
The new research Intelligent Traffic Management: Use Cases, Regional Analysis and Marketing Forecast 2022-2027, identified the environmental benefits of intelligent traffic management systems as very compelling, including significant reductions in congestion and the prioritization of greener modes of transport. The report identified smart intersections as driving reductions, with hours spent in traffic expected to decrease by an average of 36 hours per year per motorist globally by 2027.
For more information, download the free white paper: Intelligent traffic management ~ The end of urban congestion
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Investment in Smart Intersection is expected to grow by 78%
The report predicts investments in smart intersections will reach $10.2 billion by 2027; from $5.7 billion in 2022. It expects smart intersection providers to focus on improving connectivity between on-road vehicles and the local road network ecosystem; reflecting government initiatives on smart cities. Providers should take advantage of 5G’s low latency capabilities, combined with machine learning algorithms, to enable real-time network adjustments and improve traffic flow.
Cybersecurity Fundamental to Public Trust
Research argues that cybersecurity must be considered when implementing intelligent traffic systems to maximize public support; denying concerns about data collection and storage. Intelligent traffic management systems should be prioritized for cybersecurity implementation, as user data is passed through every step of the process. Given the potential for cyberattacks to disrupt infrastructure through denial of service, robust cybersecurity strategies are essential to prevent threats to the integrity of road infrastructure.
Smart Traffic Management Market Study: https://www.juniperresearch.com/researchstore/key-vertical-markets/smart-traffic-management-research-report
Download the white paper: https://www.juniperresearch.com/whitepapers/smart-traffic-management-the-end-of-urban
Juniper Research provides research and analytical services to the global high-tech communications industry, providing consulting, analyst reports and industry commentary.
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