Road Safety Software Market, Global Outlook and Forecast 2024-2030
The global Road Safety Software market size was valued at US$ 3.89 billion in 2024 and is projected to reach US$ 6.78 billion by 2030, at a CAGR of 9.7% during the forecast period 2024-2030.
The United States Road Safety Software market size was valued at US$ 1.12 billion in 2024 and is projected to reach US$ 1.89 billion by 2030, at a CAGR of 9.1% during the forecast period 2024-2030.
Road Safety Software provides solutions for traffic monitoring, accident analysis, and safety management, helping authorities improve road safety and reduce accidents.
The global market is experiencing strong growth, driven by smart city initiatives and road safety regulations. In 2023, the software monitored over 1.5 million road kilometers globally, with urban areas accounting for 55% of implementations. The market saw a 40% increase in AI-powered analytics adoption in 2023. Traffic monitoring systems dominate with a 50% market share, while predictive analytics solutions are growing at 15% annually. Europe leads with a 40% market share, while Asia Pacific is the fastest-growing region at 11.2% CAGR. The industry is focusing on developing real-time incident detection, with a 45% growth in R&D investments for predictive capabilities.
Report Overview
Cutting casualty rates and making roads safer is a priority for local and national governments around the world. Accident rates in the worldwide have continued to decline over recent decades, thanks to a combination of high publicity campaigns and a wide variety of safety improvement schemes across all scales of the road network. However, Casualty Reduction Targets serve to highlight that preventing accidents will continue to be an important priority. This report studies the road safety software market.
This report provides a deep insight into the global Road Safety Software market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Road Safety Software Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Road Safety Software market in any manner.
Global Road Safety Software Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
TRL
TES
RoadSafe GIS Inc.
VIA
Buchanan Computing Ltd
AgileAssets
Brighton & Hove City Council
DXD Group Ltd
Market Segmentation (by Type)
On-premise
Cloud-based
Market Segmentation (by Application)
Accident Analysis
Street Monitoring and Auditing
Geographic Segmentation
