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Dublin, July 2, 2021 /PRNewswire/– “Road safety market size, share and trend analysis report by solution (red light & Speed Enforcement, ANPR/ALPR), service (professional, hosting), regional and market segment forecasts, 2021-2028″ Report has been added to ResearchAndMarkets.com provide.
The scale of the global road safety market is expected to reach $6.66 billion By 2028, the compound annual growth rate from 2021 to 2028 is 12.4%. The World Health Organization estimates that more than 1.3 million people die in road traffic accidents each year. This statistic is sufficient to show that road safety is of the utmost importance to everyone. As countries focus on reducing accidents, the deployment of road safety solutions, including surveillance or continuous vehicle monitoring systems, has become more prominent.
For many years, alcohol and speeding have been the main causes of death in road accidents, which makes road safety systems mandatory in most countries. Providing a safer environment for pedestrians and cyclists will also create a safe road environment for the population and create a way for future growth. In order to keep up with market demand, the supplier’s goal is to develop technologically advanced products that extend their service life and are less susceptible to damage. Smart displays, high-resolution cameras, and systems that can monitor in bad weather or low-light conditions are gaining traction in favor of demand…
The full story on Benzinga.com
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