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Traffic Management System Market Report 2019: Where Will the Market Go Next |By Top Players: Systematics, Decell, Siemens, Thales, Cubic, IBM, Cellint, Iteris, Kapsh, Swarco, Accenture

04-03-2019 01:07 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Traffic Management System Market Report 2019: Where Will

A comprehensive research study on Traffic Management System Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

This is estimated to fuel the demand for the traffic management system market. In addition, the growing need for real-time analysis is also estimated to have a significant impact on the growth of the market. However, the lack of standards and uniform technology and security-related issues associated with the traffic management systems are the major constraints in the growth of the market.

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Traffic Management System Market is driven by the rapid industrialization and increasing urbanization across the globe. As the urban population across the globe is increasing, the number of vehicles plying on the roads is also increasing, giving rise to the need for a sound traffic management system.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• IBM
• Cellint
• Iteris
• Kapsh
• Swarco
• Accenture
• Siemens
• Thales
• Cubic
• Systematics
• Decell

Furthermore, supportive government initiatives for developing the traffic infrastructure is a primary factor that is driving the growth of the market. For instance, the Indian government in their union budget 2017-2018 has allocated over USD 9.5 billion in National Highway Authority of India (NHAI) for the development of roads and highway and USD 4.0 billion in Pradhan Mantri Gram Sadak Yojana (PMGSY).

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Europe is estimated to be the leading region in the traffic management system market owing to the high investment in the smart city and smart transportation projects for improving the traffic management and control mechanism. Furthermore, the high adoption of advanced technologies, such as route guidance software and smart signaling, is also estimated to foster the growth of the market. Asia Pacific is estimated to be the fastest growing region during the forecast period owing to the rapid urbanization and growing investments for the development of a smart infrastructure in developing countries such as India and China. Moreover, supportive government initiatives, such as Smart City initiatives in India and China, are also estimated to fuel the demand for the market.

Browse Full Report @ https://www.gminsights.com/industry-analysis/traffic-management-system-market

The traffic management system market is fragmented with the presence of a substantial number of players. The market includes multinational, regional, and local companies. The major vendors of the traffic management systems are IBM, Cellint, Iteris, Kapsh, Swarco, Accenture, Siemens, Thales, Cubic, Systematics, and Decell. There are several projects that are already in progress in developing countries including the U.S., the UK, and Germany. However, many companies are about to launch their projects in developing countries, which is further estimated to drive the growth of the market.

Browse Related Report:
Digital Banking Market Size By Type (Retail Banking, Corporate Banking, Investment Banking), By Services (Transactional, Non-Transactional), Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/digital-banking-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

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