Europe Intelligent Roadways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s analysis on the intelligent roadways transport management systems market in Europe estimates it to grow with a CAGR of 10.39% over the forecasting duration 2023-2030.
Belgium, Italy, France, Germany, Poland, Spain, the United Kingdom, and Rest of Europe are evaluated in the market in this region.
The transportation network in France is of a high standard, which makes it easy to get around the country by bus, train, metro, and more. Moreover, it has excellent road and rail links with neighboring countries. All these developments have aided the adoption of intelligent roadways transport management systems in the country, as the growing number of transport systems, along with the growing traffic, need coordination, which is provided by IRTMS.
One of the interesting aspects of the transportation system in Poland in recent years has been the rapid development of its intelligent roadways transportation management systems (IRTMS). The use of IRTMS solutions has become a key part of highway & road infrastructure.
Under the current funding scheme by the EU, from 2014 to 2023 (with perspective until 2025), the government had allocated a $36.6 billion investment in road infrastructure. Successful country-wide IRTMS deployment includes the implementation of E-TOLL, an advanced solution for toll collection on toll sections of expressways, motorways, national roads, and CANARD, connecting all photo radars. This indicates an overall positive outlook for the Polish intelligent roadways transport management systems market.
COMPETITIVE OUTLOOK
The acclaimed players in the intelligent roadways transport management systems market include MercuryGate International Inc, Blue Yonder, Tata Consultancy Services (TCS) Ltd, and SAP SE.
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