Connect with us

Technology

Intelligent Traffic Management System Market Is Expected To Reach $41.22 Billion by 2034: Fact.MR

Published

on

High Focus of Governments on Road Safety and Increasing Smart City Projects Widening Application Scope of Intelligent Traffic Management Systems

ROCKVILLE, Md., May 30, 2024 /PRNewswire/ — Increasing measures to combat traffic congestion and the growing number of smart city projects are leading to the increasing installation of intelligent traffic management systems for traffic control. The global intelligent traffic management system market is valued at US$ 21.55 billion in 2024 and is expected to reach a valuation of US$ 41.22 billion, with a growing CAGR of 6.7% by the end of 2034, as revealed in a recently updated report by Fact.MR, a market research and competitive intelligence provider.

Get Free Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=319

Heightened road safety measures are driving the demand for intelligent traffic management systems for effective and real-time information about traffic. Urbanization is taking place at a rapid pace across regions. Therefore, with rising population density, an increase in traffic congestion is also being experienced, which is leading to several transportation difficulties. This is having a positive impact on the demand for intelligent traffic management systems for offering real-time data about traffic mobility.

Key Takeaway from Market Study

Worldwide demand for intelligent traffic management systems is anticipated to increase at a CAGR of 6.7% from 2024 to 2034.

Federal & provincial governments are projected to account for 39.4% share of the global market by 2034.

Global sales of integrated urban traffic control systems are forecasted to rise at a CAGR of 7% and reach US$ 10.26 billion by 2034-end.

East Asia is approximated to account for 33.7% of the global market revenue share by the end of 2034.

Demand for intelligent traffic management systems in South Korea is evaluated to increase at 9.9% CAGR from 2024 to 2034.

“Increasing requirements for real-time traffic information from drivers and passengers along with growing number of vehicles is generating high demand for intelligent traffic management systems for controlling traffic congestion,” says a Fact.MR analyst.

High Usage of Intelligent Traffic Management Systems in the United States for Effective Transport Infrastructure

Demand for intelligent traffic management systems in the United States is forecasted to increase at a CAGR of 7.6% and reach a value of US$ 7.89 billion by 2034-end. Growing requirements for intelligent traffic management systems are attributed to their use in tracking vehicular congestion for ensuring improved efficiency in transport infrastructure. In addition, these systems ensure the availability of real-time information to consumers about traffic conditions.

Key Market Players

Beijing E-Hualu Information Technology Co. Ltd.Quarterhill Inc.Kyosan Electric Manufacturing Co. Ltd.Q-Free ASADahua Technology Co. Ltd.IBM CorporationBaumer Holding AGSiemens AGIteris Inc.Econolite Control Products, Inc.

Get Customization on this Report for Specific Research Solutions:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=319

Competitive Landscape

Leading market competitors are capitalising on the increased demand for intelligent traffic management systems across a wide range of applications. They rely on partnerships, collaborations, and acquisitions from major, medium, and small vendors. Other steps performed by market players to gain a competitive advantage include new product creation, providing high-quality products, and managing supply chain systems.

For instance:

Indra is one of the prominent global technology engineering organizations, which is catering to the requirements of the defense, mobility, and aerospace sectors. In October 2023, it planned to centralize the management of roads of Transurban in Queensland with the assistance of advanced traffic control systems, which are equipped with artificial intelligence.

Country-wise Insights

In a newly updated analysis, Fact.MR, a market research and competitive intelligence service, claims that East Asia will account for 33.7% of the worldwide market by 2034. The growing population in some regional countries, such as China, is expected to lead to traffic congestion as the number of vehicles on the road increases. As a result, intelligent traffic management technologies are used to address this issue.

The United States is expected to account for 72.5% of the North American market by 2034. In recent years, the country’s ICT sector has seen a number of breakthrough innovations. The country is experiencing an increase in demand for intelligent traffic management systems for tracking vehicular congestion in order to improve the effectiveness of transportation systems by providing real-time information on traffic infrastructure and conditions. 

Explore More Trending Report Published by Fact.MR Research: 

Unmanned traffic management market is valued at $1,057.9 million in 2022 and is projected to grow at a CAGR of 18.4%, reaching $5,717.4 million by 2032

Surveillance drone market is valued at $5,512.1 million in 2023 and is projected to grow at a CAGR of 14.4%, reaching $21,163.2 million by 2033

Minibus market is calculated to reach US$ 9.92 billion in 2024 and is estimated to increase at a 3.6% CAGR to reach US$ 14.27 billion by the end of 2034

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the intelligent traffic management system market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on product type (integrated urban traffic control systems, variable/dynamic message signs, emergency response systems, border control systems, electronic toll collection systems, parking management systems, violation & measurement systems, tunnel management systems, freeway management systems), spender type (infrastructure enterprises & PPSs, federal & provincial governments, industries & commercial enterprises), and component (traffic controllers & signals, surveillance cameras, video walls, servers, 3D simulators, GUI workstations, detectors & sensors), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Contact:
S.N. Jha
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog

 

View original content:https://www.prnewswire.co.uk/news-releases/intelligent-traffic-management-system-market-is-expected-to-reach-41-22-billion-by-2034-factmr-302159357.html

Continue Reading

Technology

AULUMU Introduces the ADuo Particle Aramid Fiber Case for iPhone Duo

Published

on

By

1500D aramid fiber meets a universe-inspired particle array, combining technical aesthetics with everyday protection

SHENZHEN, China, Oct. 22, 2026 /PRNewswire/ — AULUMU, the design-driven accessories brand known for blending futuristic aesthetics with functional engineering, introduces the ADuo Particle Aramid Fiber Case for iPhone Duo. Part of the brand’s Particle Series, the new case combines a lightweight 1500D aramid-fiber construction with a distinctive particle-array design, dual-screen protection, and MagSafe compatibility in a slim, technical form.

Inspired by the primordial order of the universe and tactical aesthetics, the ADuo Particle transforms a finely woven surface into a dynamic visual composition. Its precisely arranged particles create a sense of depth and structure, evoking the ubiquitous particles found throughout the universe. The result is a design that balances visual complexity with a restrained, functional aesthetic.

At the core of the ADuo Particle is 1500D aramid fiber, selected for its refined woven texture and lightweight strength. The finely woven material creates a distinctive tactile surface while maintaining a slim profile for everyday carrying. A skin-friendly coating further enhances grip and makes routine cleaning easier, bringing material refinement and practical usability together.

The ADuo Particle is available in two finishes, each interpreting the particle-array concept through a different visual language. Abyss Blue features a UV-processed gradient particle array, creating a sense of depth through a gradual shift in color. Polar Black combines glossy particles with black aramid fabric, producing a subtle interplay of light and shadow that changes with the viewing angle. Together, the two colorways offer distinct expressions of the same technical design language.

Beyond its visual identity, the ADuo Particle integrates a series of protective details designed for everyday use. A full-coverage PC protective frame surrounds the front screen, helping protect its edges and corners. An aluminum-alloy camera guard adds protection around the camera area, while raised edges around the screen and camera help reduce direct contact with surrounding surfaces. These elements complement the slim construction without adding unnecessary visual bulk.

The case also supports compatible MagSafe accessories, extending its functionality beyond basic device protection. Users can pair it with magnetic accessories, including the AULUMU G09 Mag Stand, to create a more flexible setup for everyday work, viewing, and mobile use. By combining magnetic compatibility with a refined aramid-fiber exterior, the ADuo Particle fits naturally into a technical, minimalist everyday carry setup.

The ADuo Particle reflects AULUMU’s ongoing approach to product design: bringing material innovation, functional details, and a distinctive industrial aesthetic into everyday technology accessories. Rather than treating protection and appearance as separate priorities, the case integrates both into a cohesive design built around the character of the device and the needs of daily use.

AULUMU is also developing two additional ADuo Aramid Fiber Case variations: a distinctive all-white edition and a gradient edition inspired by the visual direction of the A18 Ultra Slim Gradient Aramid Fiber Case. Release dates for both versions have yet to be determined.

Available on the AULUMU website for $89.98

What is More

AULUMU is also preparing a special limited version of ADuo Particle Aramid Fiber Case which is the world first All-White Aramid Fiber case. The release date for this case has not yet been determined.

About AULUMU

Founded in 2022, AULUMU is a design brand focused on high-performance gear, drawing inspiration from the functional aesthetics of cyberpunk and the philosophical roots of ancient Greek thought. Since its inception, the brand has launched dozens of digital accessory products, secured multiple utility and invention patents, and received the 2025 Red Dot Design Award. Today, AULUMU products serve hundreds of thousands of users across more than 20 countries and regions, positioning the brand as a growing presence in the global high-performance accessories market.

For more information, visit: https://aulumu.com/, or follow AULUMU on Instagram: https://www.instagram.com/aulumu_official/

View original content to download multimedia:https://www.prnewswire.com/news-releases/aulumu-introduces-the-aduo-particle-aramid-fiber-case-for-iphone-duo-302917688.html

SOURCE AULUMU

Continue Reading

Technology

LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

Published

on

By

Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

Continue Reading

Technology

Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

Published

on

By

HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/crab2b-debuts-as-hong-kongs-first-dedicated-b2b-platform-for-mobile-electronics-302917652.html

SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

Continue Reading

Trending