Page 15 - TT mag April 2024 Digital Edition

ON THE COVER

ccording to Statista, enforcement programs for traffic technologies tailored to
the video surveillance fines and penalties, which require the region’s specific traffic
camera market technologies such as speed challenges. These include Smart
was valued at 35 cameras and ANPR cameras. Traffic Management Systems
billion USD in 2022. In order to capitalise on these that use IoT sensors, cameras,
AForecasts predict growth opportunities, companies and AI algorithms to optimize
that it will grow to over 62 billion should examine the technologies traffic flow, adjust signal timings
USD by 2027. Additionally, the trending in the sector. in real-time, and detect traffic
numbers around the traffic Prashant Oberoi, Director violations instantly. AI-powered
management market are also - India & SAARC, Norden Traffic Analytics also play a crucial
witnessing a surge - growing from Communication, says, “It is role by enabling enforcement
USD 42.3 billion in 2023 to USD impossible to quantify the agencies to predict and manage
72.5 billion by 2028 at a CAGR of value of a human life saved congestion effectively.
11.4%. Tushar Ranjan, Business through cost-benefit analysis.
Head, Rexgen states that the Additionally, we have observed Anoop Alexander, Sales
estimated growth in the traffic cities successfully reducing Engineer, Uncanny Vision, feels
enforcement camera sector is road accidents by 10-30%. that “the USP of technology
estimated to develop at a 12.81% Considering these statistics, powered by AI is that they are
compound annual growth rate the investment needed for very adaptable and can also be
(CAGR) between 2024-2032. improved with data to adjust
implementing and maintaining to different scenarios. Visual AI
such technology falls within the would be able to provide valuable
So, what growth budgets of cities and states.” insights as long as the clear and
opportunities crisp image input is provided”.
are driving these Technology that is Furthermore, IoT-based
numbers? transforming the Smart Parking Solutions are
Indian Traffic being implemented to alleviate
The loudest calls for change congestion by informing drivers
are coming from citizens, who The integration of autonomous about available parking spaces in
are demanding that governments and connected vehicle real-time, thus streamlining the
address the issues of road safety, technologies is set to transform parking process and reducing
urban congestion, and traffic traffic management strategies traffic volumes. Additionally,
violations. To do so, investments and infrastructure significantly some Indian cities are developing
must be made for the development across India. These advanced Integrated Transportation
of smart traffic enforcement technologies are expected to Platforms that connect various
and parking solutions. It has enhance the efficiency and public transportation modes – such
also created opportunities for safety of transportation systems, as metros, buses, and ridesharing
companies to offer advanced adapting to the dynamic needs of services – through IoT technology.
features such as speed detection, traffic management. This facilitates seamless multi-
red light enforcement and licence Meanwhile, the adoption modal travel and significantly cuts
plate recognition.
of cloud-based video analytics down on congestion.
A second, but equally marks a revolutionary shift for Ashish P. Dhakan, MD & CEO,
compelling reason for the enforcement agencies. This Prama Hikvision India states that
growth in this space is the technology offers a centralized traffic command centres are
emergence of smart cities. platform to manage, scale, and helping authorities get real-time
These connected cities offer extract data-driven insights from road status updates for smart
opportunities to innovate and extensive traffic camera networks, decision-making and efficient
help drive the deployment of enabling more sophisticated, data- enforcement with a unified
traffic monitoring solutions and driven approaches to managing command interface, enhancing
advanced infrastructure. traffic flows.
safety levels by reducing serious
Thirdly, Governments are Indian companies are accident ratios and guaranteeing
also expanding automated also developing innovative smooth road operations.

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