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Smart Highways Market Report Scope & Overview:

The Smart Highways Market size was valued at USD 46.91 billion in 2023. It is estimated to hit USD 197.65 billion by 2031 and grow at a CAGR of 19.7% over the forecast period of 2024-2031.

The smart highways market refers to the growing adoption of advanced technologies in the transportation sector, specifically in the development of intelligent road systems. These systems aim to enhance road safety, reduce traffic congestion, and improve overall transportation efficiency. With the increasing urbanization and population growth, the demand for efficient transportation systems has become a pressing issue.

Smart Highways Market Revenue Analysis

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Traditional highways are often plagued with problems such as accidents, traffic jams, and inadequate infrastructure. Smart highways offer a solution to these challenges by integrating cutting-edge technologies into the road infrastructure. One crucial element of smart highways lies in the utilization of sensors and intelligent transportation systems. These sensors are embedded in the road surface and can collect real-time data on traffic flow, weather conditions, and road surface conditions. This data is then analyzed and used to optimize traffic management, provide accurate travel information to drivers, and enable proactive maintenance of the road infrastructure. Furthermore, smart highways incorporate advanced communication systems that enable vehicles to communicate with each other and with the road infrastructure. This allows for the implementation of cooperative systems, such as adaptive traffic signals and dynamic speed limits, which can significantly reduce traffic congestion and improve traffic flow.

In addition to improving road safety and reducing congestion, smart highways also have the potential to enhance sustainability in transportation. By optimizing traffic flow and reducing idle time, smart highways can help reduce fuel consumption and greenhouse gas emissions. Furthermore, the integration of renewable energy sources, such as solar panels, into the road infrastructure can generate clean energy to power intelligent systems. The smart highways market is witnessing significant growth due to the increasing investments in infrastructure development and the rising demand for efficient transportation systems. Governments and transportation authorities around the world are recognizing the potential of smart highways to address the challenges of urbanization and improve the quality of life for citizens.

Furthermore, smart highways incorporate renewable energy sources to power their infrastructure. Solar panels are often installed along the roadways, harnessing the sun's energy to generate electricity. This renewable energy can be used to power the lighting systems, sensors, and other intelligent components of the smart highway. By reducing reliance on traditional energy sources, smart highways contribute to a greener and more sustainable transportation system.

Market Dynamics

Drivers

  • Continuously rising investments in infrastructure development

  • Rising demand for safer roads

  • Increasing need for efficient transportation systems

Smart highways offer advanced features such as real-time traffic monitoring, intelligent traffic management, and automated toll collection, which enhance the overall efficiency of transportation networks.

Restrain

  • High initial investment required for implementing smart highway infrastructure

Opportunities

  • Potential to enhance road safety

By integrating advanced technologies such as sensors, cameras, and intelligent traffic management systems, smart highways can significantly reduce accidents and improve overall traffic flow. This not only benefits individual drivers but also contributes to the greater goal of creating safer and more efficient transportation networks.

  • Shifting focus on reducing greenhouse gas emissions and promoting sustainable transportation

Smart highways enable the integration of electric vehicle charging infrastructure, smart parking systems, and renewable energy sources, thus supporting the transition toward greener transportation.

Challenges

  • Security and privacy of the data collected by smart highways

As these systems rely on the collection and analysis of vast amounts of data, it is crucial to establish robust cybersecurity measures to protect against potential threats. Additionally, privacy concerns must be addressed to ensure that personal information is handled responsibly and in compliance with relevant regulations.

Impact of Russia-Ukraine War:

The conflict has caused extensive damage to the infrastructure in Ukraine, including its highways. This destruction has hindered the implementation and expansion of smart highways, as the focus has shifted toward rebuilding and repairing the basic road network. For instance, Since Russia's invasion of Ukraine, approximately 30% of the country's transportation infrastructure has suffered varying degrees of damage, ranging from complete destruction to minor impairments. The estimated cost of this devastation amounts to $101.90 billion. This includes the destruction or impairment of seven airports, 144,000 kilometers of roads, 1,242 bridges, and nearly 6,300 kilometers of railways.

The war has led to economic instability in both Russia and Ukraine. This has resulted in reduced investments in technological advancements, including smart highways. Companies and investors are hesitant to allocate resources to such projects amidst the uncertain geopolitical climate. The ongoing conflict has created a sense of political uncertainty in the region. This uncertainty has made it challenging for governments and regulatory bodies to prioritize and allocate funds toward the development of smart highways. Political instability often leads to delays in decision-making processes, further impeding progress in this sector.

Impact of Recession:

During a recession, the Smart Highways Market faces several challenges that hinder its growth and development. Firstly, due to reduced consumer spending, there is a decline in the demand for smart highway technologies. Consumers tend to prioritize essential needs over investments in advanced transportation systems, leading to a decrease in market demand. Moreover, businesses also face financial constraints during a recession, which affects their ability to invest in smart highway infrastructure. With limited resources, companies may postpone or cancel projects related to the development and implementation of smart highways. This further slows down the market growth and innovation in the industry. Furthermore, the Smart Highways Market heavily relies on government funding and support. During a recession, governments often face budget cuts and reduced spending on non-essential projects. As a result, funding for smart highway initiatives may be significantly reduced, impacting the market's expansion and progress.

Key Market segmentation

By Displays

By Technology

  • Intelligent Transportation Management System

  • Communication System

  • Intelligent Management System

  • Monitoring System

  • Others

By Service

  • Managed Service

  • Consultancy Service

  • Maintenance and Operation Service

By Deployments

  • On-Cloud

  • On-Premises

Regional Analysis

North America dominated the Smart Highways Market with the highest revenue share in 2023. One of the key factors driving North America's dominance in the smart highways market is its robust infrastructure. The region boasts a well-developed road network, which serves as a solid foundation for the implementation of smart highway technologies. Additionally, North America has made substantial investments in research and development, fostering innovation and the adoption of cutting-edge solutions. Furthermore, the presence of major players in the technology and automotive sectors has contributed to North America's leadership in this market. The region is home to renowned companies that specialize in smart transportation solutions, including intelligent traffic management systems, connected vehicles, and autonomous driving technologies. These companies have leveraged their expertise and resources to develop and deploy smart highway solutions, giving North America a competitive edge. Moreover, North America's focus on sustainability and environmental consciousness has played a significant role in its dominance. Smart highways offer numerous benefits, such as reduced congestion, improved traffic flow, and lower carbon emissions. These advantages align with North America's commitment to sustainable development and have garnered support from both the public and private sectors. 

The Asia-Pacific region is estimated to grow with the highest CAGR of about 18.6% during the forecast period of 2024-2031.

The Asia-Pacific region has witnessed a surge in population and urbanization, leading to an exponential increase in the number of vehicles on the roads. In 2023, an estimated 39.5 million passenger cars were sold in the Asia-Pacific region, including the Middle East, with over 25.6 million sold in China alone. This represents a significant increase compared to the approximately 36.57 million passenger cars sold in the region in 2021. This rapid growth has resulted in numerous challenges, including traffic congestion, accidents, and environmental concerns. To address these issues, governments and transportation authorities in the Asia-Pacific region have recognized the potential of Smart Highways. They have been actively investing in the development and implementation of intelligent transportation systems, such as smart traffic management systems, electronic toll collection, and vehicle-to-infrastructure communication. Furthermore, the region's strong focus on technological advancements and digitalization has created a conducive environment for the growth of the Smart Highways Market. The availability of skilled labor, robust infrastructure, and supportive government policies have attracted both domestic and international players to invest in this sector.

Moreover, the increasing adoption of connected and autonomous vehicles in the Asia-Pacific region has further fueled the demand for Smart Highways. These vehicles rely on advanced technologies, such as sensors, artificial intelligence, and data analytics, to navigate efficiently and safely. Smart Highways provide the necessary infrastructure and communication systems to facilitate the seamless integration of these vehicles into the existing transportation network. Additionally, the Asia-Pacific region boasts a strong manufacturing base for smart transportation technologies. Several prominent companies in this sector, including Huawei, Samsung, and NEC Corporation, have established their presence in the region, contributing to the growth of the Smart Highways Market.

Smart-Highways-Market-By-Region

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America 

Key Players

The major key players are Cisco Systems Inc., Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., Kapsch AG, TrafficCom, IBM, Indra Sistemas S.A., Schneider Electric, Siemens, Xerox Corporation, LG CNS Corporation, and other key players mentioned in the final report.

Huawei Technologies Co. Ltd-Company Financial Analysis

Company Landscape Analysis

Recent Development:

  • In June 2022, Indra took the initiative to enhance road maintenance and safety on the A-2 North-Eastern highway. This endeavor involved the creation of a digital twin and a virtual control center.

Smart Highways Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 46.91 Bn
Market Size by 2031  US$ 197.65 Bn
CAGR   CAGR of 19.7% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Displays (Variable Message Signs, Digital Signage, and Others)
• By Technology (Intelligent Transportation Management System, Communication System, Intelligent Management System, Monitoring System, and Others)
• By Service (Managed Service, Consultancy Service, and Maintenance and Operation Service)
• By Deployments (On-Cloud and On-Premises)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Cisco Systems Inc., Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., Kapsch AG, TrafficCom, IBM, Indra Sistemas S.A., Schneider Electric, Siemens, Xerox Corporation, LG CNS Corporation
Key Drivers • Continuously rising investments in infrastructure development
• Rising demand for safer roads
• Increasing need for efficient transportation systems
Market Restraints • High initial investment required for implementing smart highway infrastructure

 

Frequently Asked Questions

Ans: The Smart Highways Market was valued at USD 46.91 billion in 2023.

Ans: The expected CAGR of the global Smart Highways Market during the forecast period is 19.7%.

Ans: North America region dominated the Smart Highways Market with the highest revenue share of about 33.4%

Ans: One of the key advantages of smart highways is improved safety. These intelligent road networks utilize sensors, cameras, and other monitoring devices to detect and respond to potential hazards in real time. For instance, they can promptly identify accidents, traffic congestion, or adverse weather conditions, allowing authorities to take immediate action and minimize risks. Additionally, smart highways can provide drivers with real-time information about road conditions, diversions, and potential dangers, enabling them to make informed decisions and avoid accidents.

Ans: Yes, you can ask for the customization as per your business requirement.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia- Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Smart Highways Market Segmentation, By Displays
8.1 Variable Message Signs
8.2 Digital Signage
8.3 Others

9. Smart Highways Market Segmentation, By Technology
9.1 Intelligent Transportation Management System
9.2 Communication System
9.3 Intelligent Management System
9.4 Monitoring System
9.5 Others

10. Smart Highways Market Segmentation, By Service
10.1 Managed Service
10.2 Consultancy Service
10.3 Maintenance and Operation Service

11.  Smart Highways Market Segmentation, By Deployments
11.1 On-Cloud
11.2 On-Premises

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Smart Highways Market By Country
12.2.2 North America Smart Highways Market By Displays
12.2.3 North America Smart Highways Market By Technology
12.2.4 North America Smart Highways Market By Service
12.2.5 North America Smart Highways Market By Deployments
12.2.6 USA
12.2.6.1 USA Smart Highways Market By Displays
12.2.6.2 USA Smart Highways Market By Technology
12.2.6.3 USA Smart Highways Market By Service
12.2.6.4 USA Smart Highways Market By Deployments
12.2.7 Canada
12.2.7.1 Canada Smart Highways Market By Displays
12.2.7.2 Canada Smart Highways Market By Technology
12.2.7.3 Canada Smart Highways Market By Service
12.2.7.4 Canada Smart Highways Market By Deployments
12.2.8 Mexico
12.2.8.1 Mexico Smart Highways Market By Displays
12.2.8.2 Mexico Smart Highways Market By Technology
12.2.8.3 Mexico Smart Highways Market By Service
12.2.8.4 Mexico Smart Highways Market By Deployments
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Smart Highways Market By Country
12.3.1.2 Eastern Europe Smart Highways Market By Displays
12.3.1.3 Eastern Europe Smart Highways Market By Technology
12.3.1.4 Eastern Europe Smart Highways Market By Service
12.3.1.5 Eastern Europe Smart Highways Market By Deployments
12.3.1.6 Poland
12.3.1.6.1 Poland Smart Highways Market By Displays
12.3.1.6.2 Poland Smart Highways Market By Technology
12.3.1.6.3 Poland Smart Highways Market By Service
12.3.1.6.4 Poland Smart Highways Market By Deployments
12.3.1.7 Romania
12.3.1.7.1 Romania Smart Highways Market By Displays
12.3.1.7.2 Romania Smart Highways Market By Technology
12.3.1.7.3 Romania Smart Highways Market By Service
12.3.1.7.4 Romania Smart Highways Market By Deployments
12.3.1.8 Hungary
12.3.1.8.1 Hungary Smart Highways Market By Displays
12.3.1.8.2 Hungary Smart Highways Market By Technology
12.3.1.8.3 Hungary Smart Highways Market By Service
12.3.1.8.4 Hungary Smart Highways Market By Deployments
12.3.1.9 Turkey
12.3.1.9.1 Turkey Smart Highways Market By Displays
12.3.1.9.2 Turkey Smart Highways Market By Technology
12.3.1.9.3 Turkey Smart Highways Market By Service
12.3.1.9.4 Turkey Smart Highways Market By Deployments
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Smart Highways Market By Displays
12.3.1.10.2 Rest of Eastern Europe Smart Highways Market By Technology
12.3.1.10.3 Rest of Eastern Europe Smart Highways Market By Service
12.3.1.10.4 Rest of Eastern Europe Smart Highways Market By Deployments
12.3.2 Western Europe
12.3.2.1 Western Europe Smart Highways Market By Country
12.3.2.2 Western Europe Smart Highways Market By Displays
12.3.2.3 Western Europe Smart Highways Market By Technology
12.3.2.4 Western Europe Smart Highways Market By Service
12.3.2.5 Western Europe Smart Highways Market By Deployments
12.3.2.6 Germany
12.3.2.6.1 Germany Smart Highways Market By Displays
12.3.2.6.2 Germany Smart Highways Market By Technology
12.3.2.6.3 Germany Smart Highways Market By Service
12.3.2.6.4 Germany Smart Highways Market By Deployments
12.3.2.7 France
12.3.2.7.1 France Smart Highways Market By Displays
12.3.2.7.2 France Smart Highways Market By Technology
12.3.2.7.3 France Smart Highways Market By Service
12.3.2.7.4 France Smart Highways Market By Deployments
12.3.2.8 UK
12.3.2.8.1 UK Smart Highways Market By Displays
12.3.2.8.2 UK Smart Highways Market By Technology
12.3.2.8.3 UK Smart Highways Market By Service
12.3.2.8.4 UK Smart Highways Market By Deployments
12.3.2.9 Italy
12.3.2.9.1 Italy Smart Highways Market By Displays
12.3.2.9.2 Italy Smart Highways Market By Technology
12.3.2.9.3 Italy Smart Highways Market By Service
12.3.2.9.4 Italy Smart Highways Market By Deployments
12.3.2.10 Spain
12.3.2.10.1 Spain Smart Highways Market By Displays
12.3.2.10.2 Spain Smart Highways Market By Technology
12.3.2.10.3 Spain Smart Highways Market By Service
12.3.2.10.4 Spain Smart Highways Market By Deployments
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Smart Highways Market By Displays
12.3.2.11.2 Netherlands Smart Highways Market By Technology
12.3.2.11.3 Netherlands Smart Highways Market By Service
12.3.2.11.4 Netherlands Smart Highways Market By Deployments
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Smart Highways Market By Displays
12.3.2.12.2 Switzerland Smart Highways Market By Technology
12.3.2.12.3 Switzerland Smart Highways Market By Service
12.3.2.12.4 Switzerland Smart Highways Market By Deployments
12.3.2.13 Austria
12.3.2.13.1 Austria Smart Highways Market By Displays
12.3.2.13.2 Austria Smart Highways Market By Technology
12.3.2.13.3 Austria Smart Highways Market By Service
12.3.2.13.4 Austria Smart Highways Market By Deployments
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Smart Highways Market By Displays
12.3.2.14.2 Rest of Western Europe Smart Highways Market By Technology
12.3.2.14.3 Rest of Western Europe Smart Highways Market By Service
12.3.2.14.4 Rest of Western Europe Smart Highways Market By Deployments
12.4 Asia-Pacific
12.4.1 Asia Pacific Smart Highways Market By Country
12.4.2 Asia Pacific Smart Highways Market By Displays
12.4.3 Asia Pacific Smart Highways Market By Technology
12.4.4 Asia Pacific Smart Highways Market By Service
12.4.5 Asia Pacific Smart Highways Market By Deployments
12.4.6 China
12.4.6.1 China Smart Highways Market By Displays
12.4.6.2 China Smart Highways Market By Technology
12.4.6.3 China Smart Highways Market By Service
12.4.6.4 China Smart Highways Market By Deployments
12.4.7 India
12.4.7.1 India Smart Highways Market By Displays
12.4.7.2 India Smart Highways Market By Technology
12.4.7.3 India Smart Highways Market By Service
12.4.7.4 India Smart Highways Market By Deployments
12.4.8 Japan
12.4.8.1 Japan Smart Highways Market By Displays
12.4.8.2 Japan Smart Highways Market By Technology
12.4.8.3 Japan Smart Highways Market By Service
12.4.8.4 Japan Smart Highways Market By Deployments
12.4.9 South Korea
12.4.9.1 South Korea Smart Highways Market By Displays
12.4.9.2 South Korea Smart Highways Market By Technology
12.4.9.3 South Korea Smart Highways Market By Service
12.4.9.4 South Korea Smart Highways Market By Deployments
12.4.10 Vietnam
12.4.10.1 Vietnam Smart Highways Market By Displays
12.4.10.2 Vietnam Smart Highways Market By Technology
12.4.10.3 Vietnam Smart Highways Market By Service
12.4.10.4 Vietnam Smart Highways Market By Deployments
12.4.11 Singapore
12.4.11.1 Singapore Smart Highways Market By Displays
12.4.11.2 Singapore Smart Highways Market By Technology
12.4.11.3 Singapore Smart Highways Market By Service
12.4.11.4 Singapore Smart Highways Market By Deployments
12.4.12 Australia
12.4.12.1 Australia Smart Highways Market By Displays
12.4.12.2 Australia Smart Highways Market By Technology
12.4.12.3 Australia Smart Highways Market By Service
12.4.12.4 Australia Smart Highways Market By Deployments
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Smart Highways Market By Displays
12.4.13.2 Rest of Asia-Pacific Smart Highways Market By Technology
12.4.13.3 Rest of Asia-Pacific Smart Highways Market By Service
12.4.13.4 Rest of Asia-Pacific Smart Highways Market By Deployments
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Smart Highways Market By Country
12.5.1.2 Middle East Smart Highways Market By Displays
12.5.1.3 Middle East Smart Highways Market By Technology
12.5.1.4 Middle East Smart Highways Market By Service
12.5.1.5 Middle East Smart Highways Market By Deployments
12.5.1.6 UAE
12.5.1.6.1 UAE Smart Highways Market By Displays
12.5.1.6.2 UAE Smart Highways Market By Technology
12.5.1.6.3 UAE Smart Highways Market By Service
12.5.1.6.4 UAE Smart Highways Market By Deployments
12.5.1.7 Egypt
12.5.1.7.1 Egypt Smart Highways Market By Displays
12.5.1.7.2 Egypt Smart Highways Market By Technology
12.5.1.7.3 Egypt Smart Highways Market By Service
12.5.1.7.4 Egypt Smart Highways Market By Deployments
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Smart Highways Market By Displays
12.5.1.8.2 Saudi Arabia Smart Highways Market By Technology
12.5.1.8.3 Saudi Arabia Smart Highways Market By Service
12.5.1.8.4 Saudi Arabia Smart Highways Market By Deployments
12.5.1.9 Qatar
12.5.1.9.1 Qatar Smart Highways Market By Displays
12.5.1.9.2 Qatar Smart Highways Market By Technology
12.5.1.9.3 Qatar Smart Highways Market By Service
12.5.1.9.4 Qatar Smart Highways Market By Deployments
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Smart Highways Market By Displays
12.5.1.10.2 Rest of Middle East Smart Highways Market By Technology
12.5.1.10.3 Rest of Middle East Smart Highways Market By Service
12.5.1.10.4 Rest of Middle East Smart Highways Market By Deployments
12.5.2. Africa
12.5.2.1 Africa Smart Highways Market By Country
12.5.2.2 Africa Smart Highways Market By Displays
12.5.2.3 Africa Smart Highways Market By Technology
12.5.2.4 Africa Smart Highways Market By Service
12.5.2.5 Africa Smart Highways Market By Deployments
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Smart Highways Market By Displays
12.5.2.6.2 Nigeria Smart Highways Market By Technology
12.5.2.6.3 Nigeria Smart Highways Market By Service
12.5.2.6.4 Nigeria Smart Highways Market By Deployments
12.5.2.7 South Africa
12.5.2.7.1 South Africa Smart Highways Market By Displays
12.5.2.7.2 South Africa Smart Highways Market By Technology
12.5.2.7.3 South Africa Smart Highways Market By Service
12.5.2.7.4 South Africa Smart Highways Market By Deployments
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Smart Highways Market By Displays
12.5.2.8.2 Rest of Africa Smart Highways Market By Technology
12.5.2.8.3 Rest of Africa Smart Highways Market By Service
12.5.2.8.4 Rest of Africa Smart Highways Market By Deployments
12.6. Latin America
12.6.1 Latin America Smart Highways Market By Country
12.6.2 Latin America Smart Highways Market By Displays
12.6.3 Latin America Smart Highways Market By Technology
12.6.4 Latin America Smart Highways Market By Service
12.6.5 Latin America Smart Highways Market By Deployments
12.6.6 Brazil
12.6.6.1 Brazil Smart Highways Market By Displays
12.6.6.2 Brazil Smart Highways Market By Technology
12.6.6.3 Brazil Smart Highways Market By Service
12.6.6.4 Brazil Smart Highways Market By Deployments
12.6.7 Argentina
12.6.7.1 Argentina Smart Highways Market By Displays
12.6.7.2 Argentina Smart Highways Market By Technology
12.6.7.3 Argentina Smart Highways Market By Service
12.6.7.4 Argentina Smart Highways Market By Deployments
12.6.8 Colombia
12.6.8.1 Colombia Smart Highways Market By Displays
12.6.8.2 Colombia Smart Highways Market By Technology
12.6.8.3 Colombia Smart Highways Market By Service
12.6.8.4 Colombia Smart Highways Market By Deployments
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Smart Highways Market By Displays
12.6.9.2 Rest of Latin America Smart Highways Market By Technology
12.6.9.3 Rest of Latin America Smart Highways Market By Service
12.6.9.4 Rest of Latin America Smart Highways Market By Deployments

13 Company Profile
13.1 Cisco Systems Inc.
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Huawei Technologies Co. Ltd.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Alcatel-Lucent S.A.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Kapsch AG
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 TrafficCom
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 IBM
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Indra Sistemas S.A.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Schneider Electric
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Siemens
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Xerox Corporation
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 LG CNS Corporation
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Product/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.


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