Traffic Management Systems Market May See a Big Move | EFKON, Siemens, Nuance Communications

HTF Market Intelligence released a new research report of 150 pages on title 'Global Traffic Management Systems Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes South America, Asia Pacific, Europe, MEA (Middle East, Africa), North America and important players such as EFKON AG (Austria), Siemens AG (Munich, Germany), Nuance Communications, Inc. (United States), Hitachi Ltd (Tokyo), Iteris, Inc. (United States), WS Atkins PLC (U.K.), Thales Group (France), Telenav, Inc (United States), Garmin International Inc. (United States) and TomTom NV (The Netherlands).

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Summary
Scope of the Study
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 the 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 wide applications by building a whole traffic networking.

The market study is being classified, by Application (Urban Traffic, Inter-Urban, Parking Management, Info-mobility, Public Transport, Freeway and Consultancy & Planning) and major geographies with country level break-up.

EFKON AG (Austria), Siemens AG (Munich, Germany), Nuance Communications, Inc. (United States), Hitachi Ltd (Tokyo), Iteris, Inc. (United States), WS Atkins PLC (U.K.), Thales Group (France), Telenav, Inc (United States), Garmin International Inc. (United States) and TomTom NV (The Netherlands). are some of the key players profiled in the study.

Research Analyst at HTF MI predicts that United States Players will contribute to the maximum growth of Global Traffic Management Systems market throughout the predicted period.

Segment Analysis

HTF MI has segmented the market of Global Traffic Management Systems market by Type, Application and Region.

On the basis of geography, the market of Traffic Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

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Market Drivers
Rising Urban Population and High Demographic Rates
Growing Government Initiatives for Traffic Management Across Cities

Market Trend
Rising Need for Real-Time Traffic Information Systems
Regulatory Frameworks and Government Policies to Reduce Global Carbon Emissions

Restraints
Lack of Standardized and Uniform Technologies
Recovering Roi From Legacy Systems

Opportunities
The emergence of IoT and Sensor Technologies in Traffic Management
Penetration of Analytics in Traffic Management Network Systems

Challenges
Security Threats and Hackers Challenge the Growth of the Market
Low Penetration of Dsrc Protocol

Market Leaders and their expansionary development strategies
In October 2019, Iteris signed an agreement with Cisco to become the latter’s solution technology integrator partner for the Cisco transportation IoT solutions segment. Through the agreement, Iteris will integrate Cisco’s hardware and software into its smart transportation solutions.
In August 2019, SWARCO collaborated with a British construction and engineering firm, Costain, to develop new road message signs in the UK.

Key Target Audience
Traffic Management Systems Providers, Government Regulatory bodies, Government Research Organizations, Private Research Organizations and Others

Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase

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Major Highlights of TOC:
Chapter One: Global Traffic Management Systems Market Industry Overview
1.1 Traffic Management Systems Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Traffic Management Systems Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview

Chapter Two: Global Traffic Management Systems Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Global Traffic Management Systems Market Size by Demand
2.3 Global Traffic Management Systems Market Forecast by Demand

Chapter Three: Global Traffic Management Systems Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Traffic Management Systems Market Size by Type
3.3 Traffic Management Systems Market Forecast by Type

Chapter Four: Major Region of Traffic Management Systems Market
4.1 Global Traffic Management Systems Sales
4.2 Global Traffic Management Systems Revenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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