Network Occupancy Management Software Market-Rapid Industrialization And Rise In Urbanization Increase The Number Of Vehicles On The Road

Network Occupancy Management Software Market – Overview

Network occupancy management is used for the effective management of road space. This management solution introduces an improved set of procedures for the management of road space occupancy to reduce road user delay. The purpose of the network occupancy management software is to optimize the use of lane road space. Network occupancy management (NOM) integrates multiple technologies to improve the flow of vehicle traffic and improve safety.

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Network Occupancy Management Software Market – Drivers & Restraints

A factor driving the global network occupancy management software market is widespread urban expansion in most developing countries. Rapid industrialization and rise in urbanization increase the number of vehicles on the road across the globe. This is driving demand for road occupancy management. Moreover, initiatives by governments to manage road space further boost the market growth. For instance, the Indian government announced the allocation of around US$ 9.5 Bn to the National Highway Authority of India (NHAI) for the development of roads in 2016-2017. However, high security risks and restructuring legacy infrastructure are anticipated to hamper the network occupancy management software market in the near future. Adoption of cloud services in network occupancy management software is a key trend in the market. Integration of information technology in network management software systems is expected to result in the development of advanced systems with advanced capabilities and enhanced performance. This creates significant opportunities for the global network occupancy management software market.

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