Road Safety Software Market Scope
The road safety analysis software is a computer program for conducting road accident studies. It serves for organizing crash data, revealing accident patterns, and developing safety improvements. This software includes accident data entry, editing and filtering, preparing data listing and summaries, estimating safety benefits, calculating accident rates, and producing collision diagrams. Road safety software may be used independently or as a plug-in analysis tool for any crash record management system. It advances the accident investigation process and helps developing road safety enhancements in order to reduce the number of accidents and improve traffic operations. The road safety software is cutting casualty rates and making roads safer is a priority for local and national governments around the world.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Jenoptik (Germany), Kapsch Traffic Com (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), IDEMIA (France), Verra Mobility (United States), SWARCO (Austria), FLIR Systems (United States), Motorola Solutions (United States), Siemens (Germany), DXD Group Ltd (United Kingdom) and Buchanan Computing Ltd (United Kingdom) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Road Safety Software market throughout the predicted period.
Jenoptik (Germany), Kapsch Traffic Com (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), IDEMIA (France), Verra Mobility (United States), SWARCO (Austria), FLIR Systems (United States), Motorola Solutions (United States), Siemens (Germany), DXD Group Ltd (United Kingdom) and Buchanan Computing Ltd (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Road Safety Software market by Type , by Application (Accident Analysis and Street Monitoring and Auditing) and Region with country level break-up.
On the basis of geography, the market of Road Safety Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Influencing Trend:
Technological Developments of Intelligent Transportation Systems and Advanced Traffic Congestion Solutions
Market Growth Drivers:
Growing Urban Population and High Demographic Rates and Rising Number of Road Fatalities/Accidents
Challenges:
Risk of Failure of Automated Systems
Restraints:
Lack of Standardized and Uniform Technologies
Opportunities:
Government Initiatives for Enhancing Road Safety and Designing and Developing Smart Vehicle Compatible with Intelligent Transport Systems (ITS)
Key Target Audience
Road Safety Software Providers, Automotive Industry, Installers and Maintenance Service Providers, Government and Research Organizations, Component integrators and Technology Providers