35 Most Congested Cities in the World

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In this article, we will take a look at the 35 most congested cities in the world. If you want to skip our discussion on the traffic management system market, you can go directly to the  5 Most Congested Cities in the World.

In 2023, congestion remained a key problem in many big cities around the world. Congestion affects various aspects of society, influencing economic progress, increasing the number of traffic incidents, and contributing to higher greenhouse gas emissions. These emissions, in turn, have adverse effects on public health. With the ongoing population growth and the rise in the number of vehicles, the importance of traffic management systems becomes apparent. The global traffic management system market is estimated to be valued at $26.72 billion as of 2023. The market is predicted to reach $74.09 billion by 2033, reflecting a compound annual growth rate (CAGR) of approximately 12% during the forecast period. By 2033, the United States is expected to hold a significant market share of 25%. The United States is actively implementing measures to reduce traffic congestion by improving its transportation infrastructure. Furthermore, telematics service providers are developing innovative solutions such as integrated hands-free cell phones for vehicles to increase safety.

Several companies, including Google (NASDAQ:GOOG), are working on initiatives to reduce traffic congestion and improve road conditions. Google (NASDAQ:GOOG) offers services such as Google Maps, which leverages real-time user data to provide updated traffic information and route suggestions. Furthermore, Waze, a company acquired by Google, enables drivers to report traffic issues and accidents, aiding others in avoiding these situations. Similarly, Conduent Inc (NASDAQ:CNDT) specializes in providing advanced analytics and traffic enforcement solutions. These technologies aim to improve operational efficiency and enhance street safety. Uber Technologies Inc. (NYSE:UBER) is another popular player in this space, offering a cab-hailing service with a carpooling feature known as Uber Pool (recently renamed UberX Share). This feature encourages ridesharing at discounted prices, which contributes to the reduction of individual automobiles on the roads.

Here’s what Polen Capital said about Uber Technologies Inc. (NYSE:UBER) in its Q3 2023 investor letter:

Uber Technologies provides ride hailing services to customers worldwide. The Company develops applications for road transportation, navigation, ride sharing, and payment processing solutions. Polen Capital originally purchased the 4.5% Senior Unsecured Notes due 2029 in our client accounts on the back of the Company’s new focus on profitability and free-cash-flow generation. Our view was that the Company’s credit metrics would improve over the next two-to-three years to levels on par with investment grade issuers. The Company’s fundamental profile has improved which resulted in spread tightening. Given the yield currently offered on the Notes, Polen Capital sold down its exposure and used the proceeds to purchase higher yielding debt instruments.”