Road Traffic Management: Road tolls and parking drive USD4.5bn market
Traffic congestion has become a major headache for city managers in the last couple of decades and it’s getting worse. This is particularly true of older cities where roads cannot be expanded so intelligent traffic management is the only way to tackle the problem. Vehicles that are stuck in traffic are a major contributor to CO2 emissions and many cities have tried to reduce the number of cars without success.
This Application Spotlight provides a qualitative and high level quantitative analysis of the M2M market related to Road Traffic Management (including parking, traffic lights, street signs and overarching Intelligent Transport Systems). It provides a definition, description, analysis of drivers and barriers, and high level forecasts for growth in connections, technology split and revenue opportunity.
The key findings are that there is a substantial revenue opportunity associated with road traffic management, USD4.5 billion globally in 2024. In terms of volume of connected devices, it is biggest Application Group in our Connected Cities sector, with over 1 billion connections at the end of 2024, up from 105 million in 2014. In-vehicle devices for road tolls and parking account for 99% of connections – and bring in revenue. In terms of how best to deploy these systems, the report finds that road traffic management needs to be tackled with a multi-pronged solution that encompasses other aspects of the Smart City such as public transport.
Detailed country-by-country forecasts, including connections, technology splits, traffic and revenue for this (and all other) M2M application are available at https://machinaresearch.com/forecasts.
Keywords: M2M, machine-to-machine, IoT, Internet of Things, congestion charging, road tolls, road pricing, air quality, parking, smart parking, traffic lights, highways, motorways, Intelligent Transportation Systems, traffic volume monitoring, traffic information systems, variable message signs, roadworks, law enforcement cameras, bus lane, car pool lane, automated number plate recognition, ANPR, public transport, train, metro, tube, tram, on-board unit, OBU, toll booth, gantry, collision avoidance, pollutant, parking meter, carbon footprint, road sign, private-public partnership, smart city, emissions, platform, standards, ISO, VICS, DSRC, V2I, vehicle to infrastructure, Electronic Toll Collection, ETC, SCATS, LTA, ITSS, parking guidance system, SCOOT, bicycle, GPS, ALS, RPS, Hi-Pass, SINIAV, Zigbee, sharing economy, LPWA
Companies covered in this report: Cisco, Korea Telecom, kcss, Xively, Cosm, Pachube, Socrata, Regus, Smartway, Siemens CPS Energy, Indra, UNE, XM, ISA, Digi, FSM Ground Services, Orange, IBM, Daimler AG, Deutsch Telekom, Cofiroute, Vodafone, Toll Collect, ASFINAG, Korea Expressway Corporation, KEC, Paypal, 51 Park, SFMTA, Serco, IPS Group Inc., Duncan Solutions, Sensys Networks, U-Spot, Smart Parking, Streetline, Braunschweiger Versorgungs AG & CO. KG, BELLIS, Libelium, Anagog, DingDing, JustPark, T-Systems
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