Smart Traffic Management Market 2020 Global Trend and Forecast to 2025 | Cisco, Citilog, Cubic Corporation, EFKON, Esri, FLIR Systems, Garmin, IBM, Indra Sistemas, IMTAC, IntelliVision, Iteris

The global smart traffic management market size is anticipated to reach at USD 47 billion by 2025. Traffic management coordinates and integrates the flow of traffic in different regions to enable ease of commuters such as pedestrians and commuters. A research report on global smart traffic management market provides an in-depth analysis on the industry trends and share.

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The major players of the global Smart Traffic Management market are Cisco, Citilog, Cubic Corporation, EFKON, Esri, FLIR Systems, Garmin, IBM, Indra Sistemas, IMTAC, IntelliVision, Iteris, Global Traffic Technologies, Jenoptik, Kapsch TrafficCom, Lanner Electronics, LG CNS, Metro Infrasys, PTV, and more. The smart traffic management market is fragmented with the existence of well-known global and domestic players across the globe.

Likewise, this report also helps the market players to offer up-to-date and precise data about the attitudes, consumer preferences, client requirements, buying intentions, as well as their changing tastes. The global smart traffic management market study helps to develop correlative relationship among thecustomers and preferences demand and product brands. In addition, thesmart traffic management market report can adjust production as per the shifting demand of consumer which is also studied in this report.

The global smart traffic management market is majorly driven by the growing investment in the number of smart City projects and it is expected to open innovative revenues for the growth of the global smart traffic management market over the prediction period, owing to the smart transportation in the central part of any smart city. Likewise, increasing administrative focus on decreasing greenhouse gas emissions as well as curbing alarming levels of traffic congestion is also expected to boost the growth of the global smart traffic management market into coming future. The growing number of government policies such as by EU (European Union) as well as Directives on ITS (Intelligent Transport System) is also expected to favor the global smart traffic management market over the prediction period.

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The market report also supports to gain revenues with the product distribution and to opt for best way of rising business. Furthermore, with the information covered in market report, marketing of goods could be made economical and effective that leads to reduce all types of wastage.In addition, the global market report also offers the precise key patters, market structures, challenges and opportunities, elements, and difficulties in the global market with the help of various figures and tables t get better understanding of the global smart traffic management market.

The global smart traffic management marketis basically segmented into component, system, as well as regional landscape. As per the components, the global market is fragmented into software, hardware, and services. On considering the system, the global smart traffic management market is divided into ATCS (Adaptive Traffic Control System), IDLS (Incident Detection & Location System), DTMS (Dynamic Traffic Management System), PTMS (Predictive Traffic Modelling System), JTMS (Journey Time Measurement System), and UTMC (Urban Traffic Management & Control). By regional landscape, the global smart traffic management market is divided into Europe, North America, Asia Pacific, and the Middle East & Africa.

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Key Segments of the Global Smart Traffic Management Market

Component Overview, 2018-2025 (USD Billion)

Hardware
Display Boards
Sensors
Surveillance Cameras
Others
Solutions
Smart Signalling
Route Guidance and Route Optimization
Traffic Analytics
Smart Surveillance
Services
Consulting
Integration and Deployment
Support and Maintenance

System Overview, 2018-2025 (USD Billion)

Adaptive Traffic Control System (ATCS)
Dynamic Traffic Management System (DTMS)
Incident Detection and Location System (IDLS)
Journey Time Measurement System (JTMS)
Predictive Traffic Modelling System (PTMS)
Urban Traffic Management and Control (UTMC)
Others

Regional Overview, 2018-2025 (USD Billion)

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America

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Reasons for the study

The purpose of the study is to give an exhaustive outlook of the global smart traffic management market. Benchmark yourself against the rest of the market.
Ensure you remain competitive as innovations by existing key players to boost the market.

What does the report include?

The study on the global smart traffic management market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the smart traffic management industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on product type, component, and systems. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Who should buy this report?

This study is suitable for industry participants and stakeholders in the global smart traffic management market. The report will benefit:
Every stakeholder involved in the smart traffic management market.
Managers within the Tech companies looking to publish recent and forecasted statistics about the global Smart Traffic Management market.
Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global smart traffic management market.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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