Road Safety Market Size Worth $5.1 Billion by 2025 | CAGR: 10.5%: Grand View Research, Inc.

Read 100 page research report with ToC on "Road Safety Market Size, Share & Trends Analysis Report By Solution (Red Light & Speed Enforcement, ANPR/ALPR), By Service (Professional, Managed), By Region, And Segment Forecasts, 2019 - 2025'' at: https://www.grandviewresearch.com/industry-analysis/road-safety-market Read 100 page research report with ToC on "Road Safety Market Size, Share & Trends Analysis Report By Solution ( Red Light& Speed Enforcement, ANPR/ALPR), By Service...

Read 100 page research report with ToC on "Road Safety Market Size, Share & Trends Analysis Report By Solution ( Red Light & Speed Enforcement, ANPR/ALPR), By Service (Professional, Managed), By Region, And Segment Forecasts, 2019 - 2025'' at: https://www.grandviewresearch.com/industry-analysis/road-safety-market

Implementation of traffic safety enforcement solutions, and corresponding services such as installation, system integration, support and maintenance, and monitoring and training, has grown in recent years owing to increase in crime rate and occurrence of natural disasters. These solutions can be deployed in existing or newer infrastructure. Another factor driving the market is increasing adoption of consulting services offered by safety solution providers in order to simplify the complexities of existing infrastructure. For instance, Jenoptik offers support and maintenance services along with an online platform in order to offer 24/7 support.

The Europe market held a substantial share in 2018 owing to numerous government initiatives aimed at the development of safer streets. The European Union has adopted Vision Zero and Safe System approach to eliminate road accidents and fatalities. Although the Asia Pacific market held a modest revenue share in 2018, it is expected to exhibit the fastest growth over the forecast years owing to increasing spending on road infrastructure and soaring number of commuters. 

Grand View Research has segmented the global road safety market based on solution, service, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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