Infinium Global Research has added a new report on Traffic
Management Market. The report presents analysis of global as well as
regional markets of traffic management market over the period of 2016 to 2024.Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global traffic management market but
also make strategic decisions to capture the most lucrative markets in the near
future.The market size is presented in terms of value for the historic year
2016 and estimated for forecast period of 2018-2024.
Traffic management is the key branch within logistics regarding planning control and purchasing the transportation services that are physically needed to move the vehicles. Traffic management system offers real time data to analyze and respond immediately. It collects the data from various sources such as traffic control sensors, CCTV cameras and road sensors significantly. Moreover, the collected data is then processed in the form of information to passengers, police stations, and traffic control agencies. The main aim behind implementation of traffic management system is to provide constructive traffic management solutions that enables highway operators or government authorities to take preventive actions that ultimately results in improving the safety of road users along with improving the traffic channel. Growing demand for increasing urban population, intermodal transportation planning, and control in roadways, railways and airways are anticipated to drive the global traffic management market.). Additionally, government initiatives to modify traffic infrastructure and growing public concern for safety are the factors boosting the growth of the market. For instance, the Indian government in their union budget 2017-2018 has allocated National Highway Authority of India (NHAI) for the development of roads and highway under the Pradhan Mantri Gram Sadak Yojana (PMGSY.)
However, heavy capital investments and traffic hindrance is anticipated to restrain the growth of the market during the forecast period. On the other hand, due to lack of funds and the governments in the underdeveloped countries curb from investing in new technologies for traffic systems that in turn is having negative impact for the market growth. Furthermore, high adoption of technologies such as route guidance software and smart signaling are anticipated to create lucrative opportunities for the key players in the traffic management system market. Moreover, with the increasing emergence of smart cities, opportunities for the global traffic management market is increasing over the years to come. Among the geographies, North America dominated the global traffic management market followed by Europe. Moreover, Europe is projected to be the leading region due to adoption of advanced technologies such as route guidance software and smart signaling. In addition, Asia Pacific is anticipated to be the fastest growing region owing to rapid urbanization and growing investments of smart infrastructure in the developing countries such as India and china.
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The recent report identified that Europe dominated the global
traffic management market over the last couple of years, while emerging markets
of Asia-Pacific and Latin America are anticipated to contribute significantly
to the growth in the traffic management market worldwide.
The report segments the global traffic management market on the
basis of Software and System.
Global Traffic Management Market by Software
·
Smart Signaling
·
Route Guidance
·
Traffic Analytics
·
Smart Surveillance
Global Traffic Management Market by System
·
Journey Time Measurement System
·
Predictive Traffic Modeling System
·
Incident Detection And Location System
·
Dynamic Traffic Management System
·
Urban Traffic Management And Control
·
Adaptive Traffic Control System
Companies Profiled in the Report
·
Cubic Corporation
·
Metro Infrasys Private Limited
·
Indra
Sistemas, S.A.
·
LG CNS Co. Ltd.
·
Q-Free ASA
·
Kapsch Trafficcom AG
·
International Business Machines Corporation
·
Siemens AG
·
Swarco AG
·
Cisco Systems, Inc
·
Accenture PLC
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