PUBLISHER: Inkwood Research | PRODUCT CODE: 1170412
PUBLISHER: Inkwood Research | PRODUCT CODE: 1170412
The Indonesia intelligent roadways transport management systems market is predicted to accelerate with a 12.40% CAGR during the forecast period, 2023-2030. The growing need for automated traffic control, fleet management parking assistance, smart ticketing system, and passenger information systems are expected to boost the market growth.
In Indonesia, traffic congestion is one such issue due to under-capacity in infrastructure. To mitigate the issue, the Jakarta Provincial Government is experimenting with unconventional policies, such as the recent odd-even license plate regulation and the three-in-one initiative. However, the need for a well-developed urban transportation system is becoming urgent. The fundamental issue of inadequate infrastructure remains, which is expected to boost the demand for intelligent roadways transport management systems during the forecast period.
Furthermore, Jakarta Metropolitan Area has been facing problems due to congestion and related problems, like high fuel consumption, time loss, and high greenhouse gas emission. Many factors, like surging population, inadequate current public transport supply, high private vehicle use, and urban sprawling, cause problems in the country. City and National governments have been innovating and implementing plans to develop sustainable transportation to serve the citizens in the Jakarta Metropolitan Area.
Leading market players include: Oracle Corporation, Tata Consultancy Services Limited, DENSO Corporation, IBM, etc.