Fact.MR

The global intelligent traffic management system market is poised to register substantial growth, registering a CAGR of 6.7% from 2021-2031. As per the study, the market is anticipated to reach US$ 34 Bn (€30.17Bn) by the end of the aforementioned forecast period, with short-term outlook until 2021 being pegged at US$ 17.75 Bn (€15.75 Bn).

The global intelligent traffic management system market is poised to register substantial growth, registering a CAGR of 6.7% from 2021-2031. As per the study, the market is anticipated to reach US$34 Bn (€30.02 Bn) by the end of the aforementioned forecast period, with short-term outlook until 2021 being pegged at US$17.75 Bn (€15.67 Bn).

According to the communication-based train control (CBTC) system market analysis by a market research and competitive intelligence provider, the overall automatic train controller market is likely to be valued at US$25 Bn (€21.60 Bn) by 2031, with CBTC holding more than 40% market share.

Analysts at a market research and competitive intelligence provider, have conducted a detailed research on the global quantum cryptography market. In this survey, demand for quantum cryptography has been predicted to rise at an astounding CAGR of nearly 30% over the decade. This high demand can be attributed to increased cyber-threats and thereby rising demand

A market research and competitive intelligence provider’s market intelligence report states the global driver alert system market is expected to exceed US$101 billion (€86.98 billion) by registering a healthy compound annual growth rate (CAGR) of 14% in the forecast period 2021-2031.

The market for IBM Watson services is poised to surge at a CAGR of 30% over the next 10 years. So says new market intelligence analysis by a market research and competitive intelligence provider, which is seeing increasing digitalisation and service demand from the healthcare, and the banking, finance & insurance (BFSI) sectors.

As of now, North America accounts for a majority of the market share for unmanned traffic management (UTM) systems, followed by Europe. This is due to high penetration of autonomous aerial vehicles, UAVs, conventional aircraft, and drones in the region.

The global intralogistics market is expected to surge at a compound annual growth rate (CAGR) of 15.5% from 2020 to 2030. According to a study by Fact.MR, the market burgeoned at a spritely rate of 14.3% over the last five years owing to globally “transcendent demand for increased productivity & efficiency across industries”.