Traffic Management Systems Market Premium Insights with Growth Factors to 2024 | Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, IBM, Cubic, Fujitsu, Q-Free

Worldwide Market Reports offers 2019 Depth Insights report on Traffic Management Systems Market that evaluates Healthcare Industry growth, through historical data and estimates future prospects based on comprehensive research. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the adoption trends for the period 2019-2026.

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Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

With the rising population and vehicles, traffic safety has become increasingly important, which drives the demand for traffic management systems growing.

Market Trends:
From 2010 to 2014, due to the intellectualization of traffic management systems, global traffic management systems industry developed fast with near 13.5~17.5% growth rate. As for China, because of the late start, traffic management systems industry has experienced an explosive growth, the growth rate is higher than 17.5% and average growth rate reached to 20%.

In the next years, it is estimated that traffic management systems industry will continue developing rapidly and the global revenue will reach to near 9.5 billion USD, while the same data will be 4.3 billion USD in China.

The global Traffic Management Systems market is valued at 1490 million USD in 2018 and is expected to reach 2520 million USD by the end of 2024, growing at a CAGR of 9.2% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

This report studies the Traffic Management Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Traffic Management Systems market by product type and applications/end industries.

cOMPETITIVE lANDSCAPE:
Market Segment by Companies, this report covers
Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, IBM, Cubic, Fujitsu, Q-Free, Imtech, Kyosan Electric, SICE, Iteris, Peek traffic, E-Hualu, China ITS (Holdings), ENJOYOR, Datang Telecom, Wantong Technology, Hisense TransTech, China Shipping Network Technology, Dahua Technology, HIKVISION, Baokang Electronic

Market Segment by Type, covers
Integrated Urban Traffic Control System
Freeway Management System
Electronic Toll Collection (ETC)
Advanced Public Transportation System
Others

Market Segment by Applications, can be divided into
Urban Traffic
Inter-Urban
Parking Management
Info-mobility
Public Transport
Freeway
Consultancy & Planning

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