A new study by Juniper Research has forecast smart traffic management systems will save cities $277 billion, by reducing emissions and congestion globally by 2025. That is an increase from the $178 billion smart traffic management systems are expected to save cities in 2021.
The study identified smart intersections as the key technology behind these savings, by enabling a reduction of more than 33 hours of time spent in traffic per year per motorist by 2025. Smart intersections include areas of high traffic that leverage connectivity and AI-based automation to monitor and manage the flow of traffic based on real-time data, in order to reduce the time wasted to road congestion.
The new report, titled Smart Traffic Management: Technologies, Use Cases & Market Forecasts 2021, 2025, predicts more than 95 percent of the $277 billion in savings will be attributable to congestion reduction. North America and Europe are anticipated to account for more than 75 perc