Precision Business Insights has published a report on the global road safety market, estimating its value at USD 4.8 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 13.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-road-safety-market

The road safety market focuses on technologies and solutions designed to reduce accidents, improve traffic management, and enhance commuter safety. It includes speed enforcement, red-light monitoring, incident detection, and advanced traffic control systems.

Drivers:

• Rising Road Fatalities & Accidents: Governments and organizations invest in safety measures to reduce traffic-related deaths
• Adoption of Digital & Smart Technologies: AI, IoT, and computer vision improve traffic monitoring and enforcement

The global road safety market segmentation:

1. By Solutions: Automatic License Plate Detection, Bus Lane Compliance, Red Light Enforcement, Speed Enforcement and Incident Detection System
2. By Services: Managed Services and Professional Services

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Regional Overview:
The report also examines the current concerns and their Future Effects on the road safety market by the region. The report covers all regions and countries; North America was the largest and Asia was the fastest-growing region in the road safety market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Verra Mobility, SWARCO, Siemens, Sensys Gatso Group, Redflex Holdings, Motorola Solutions, Kapsch Trafficcom, Jenoptik, IDEMIA, FLIR Systems, Cubic Corporation.

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