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Traffic Management Market Growth with Trends, Analysis by Regions, Type, Application and Top Key Players IBM Corporation, GE Transportation, TraffiCom, Cisco Systems, Siemens, Kapsch AG, Alstom SA

03-05-2019 07:24 PM CET | Tourism, Cars, Traffic

Press release from: The Insight Partners

Traffic Management Market Growth with Trends, Analysis

Rapid growth in sales of commercial vehicles and passenger cars, rising number of travelers, bolstering tourism industry and increasing road accidents are some of the major factors driving the traffic management market. The trending intermodal traffic management systems, increasing commercial drones' demand, growing demand for vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication and rising need of innovative smart parking management is expected to drive the growth of global traffic management market next few years.

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The Traffic Management Market improves revenue development and productivity by enabling readers to classify products and services by providing up-to-date information on current and future industry trends. The research report provides detailed study of all important factors affecting the market at global and regional levels, including drivers, incarceration, threats, challenges, opportunities and trends by industry.

Top Key Players:
• IBM Corporation
• GE Transportation.
• TraffiCom
• Cisco Systems Inc.
• Siemens AG
• Kapsch AG
• LG CNS
• Cubic Corporation
• Cellint Traffic Solution

Today, majority of population travelling on daily basis face the problem of traffic. Due to rising level in number of vehicles running on road, the traffic congestion has become intolerable resulting in emergence of effective and efficient traffic management system. Government and Municipal Corporation of various regions share the common traffic management issue. Also, these days due to rising disposable income, a person's ability to buy expensive commodities has increased, thus, leading to more than one car in a single house. The global traffic management system is expected to experience high growth in demand in next few years.

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Deployment of data analytical tools for real-time traffic management, and route guidance, JTM (Journey Time Monitoring), etc., by travelers on mobile devices such as smartphones and tablets are emerging as the vital functional areas that are increasing the usage of traffic management technology. Some of the limitations faced by the traffic management market are lack of transformation and funding interruption. The alteration of the traffic management technology would require the installation of new system, hardware and solutions. The emerging numbers of smart cities and the IoT technology is expected to open new opportunities for the market.

The traffic management is segmented on the basis of solutions, detection and regions. The solution segment of the market includes retrofit solutions & LED signals, full pedestrians, ELV (End-of-Life Vehicle), parking space management & toll management. The retrofit solutions refer to up gradation of already existing traffic signals that may have become obsolete, also ELV (Extra Low Voltage) solution for traffic signal accounts for a healthy market share because of its ability of low power consumption and better performance.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Traffic Management Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Traffic Management Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com

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