Portland, OR -- (SBWIRE) -- 07/20/2017 -- Since the last decade, the use of the word smart has become a common practice at nearly all levels; for instance, smartphones, smart city, smart airports, smart buildings, smart energy, and smart technology. In this smart world, the roads and highways must be renovated to adapt to a relevant role in this revolution of becoming smart, in a way for a city to be termed smart city. A smart road can provide citizens with smart mobility as well as safe roads to travel.

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Based on system, the Smart Highway Market is divided into intelligent traffic management system, intelligent transport management system, communication system, and traffic monitoring system. The smart highway market based on services is sub-divided into consulting services operational and maintenance services & other services. The market by deployment type is segmented into on premise and on-cloud deployment. A geographic breakdown and deep dive analysis of each of the aforesaid segments has been covered for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Growing market demand for connected or smart cars

Need for improved and sustainable highway infrastructure

Increasing demand for safe and secure roads, remote traffic surveillance, and reduction in traffic congestion

Restraints:

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Continuously developing infrastructures

Dearth of technology awareness amongst vehicle drivers

Market Players:

Top players in the global smart highway market include Alcatel Lucent, LG CNS, Huawei, Kapsch AG, IBM, Siemens AG, Cisco, Schneider Electric, TrafficCom, and Xerox Corporation.

MARKET LANDSCAPE

By System
Intelligent traffic management system
Intelligent transport management system
Communication system
Traffic monitoring system

By Service

Consulting services
Operational and maintenance services
Other services

By Deployment type
On premise
On-cloud

By Geography
North America
U.S.
Canada
Mexico

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Table Of Contents:
1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
4. Global smart highway market by system
4.1. Intelligent traffic management system
4.1.1. Historical market size by region, 2014-2016
4.1.2. Market forecast by region, 2017-2025
4.2. Intelligent transport management system
5. Global smart highway market by service
5.1. Consulting services
5.1.1. Historical market size by region, 2014-2016
5.1.2. Market forecast by region, 2017-2025
5.2. Operational and maintenance services