Summary: A recent study underscores the importance of integrating traffic analysis early in city planning to avoid costly retrofits. Juniper Research predicts a 75% increase in global spending on smart traffic management solutions, from $10.6 billion in 2023 to $18.5 billion by 2028. This growth is attributed to heightened government backing for smart city projects, with transportation taking a central role.

Key Points:

  • Early deployment of traffic analysis in city planning is vital to prevent future expensive adjustments.
  • Cities should steer clear of outdated solutions and promote a diverse pool of vendors for innovation.
  • Tailored smart traffic management systems are advised for cities in emerging regions facing congestion issues.
  • Global smart traffic management can save seven billion hours by 2028, with developed regions leading the way.
  • Implementing solutions in developing regions requires scalability and customization to local conditions.
  • Juniper Research's study covers the smart traffic management market with over 31,900 datapoints across 60 countries.

Source of information: (Published 07 November 2023).