Integrated Urban Traffic Control Systems Market likely to expand at a robust CAGR of 15.4% by the forecast period 2026
Rapid inclination towards improving roadway infrastructure and growing need for innovative technologies to manage and monitor high-speed mobility in an efficient manner are the leading factors impacting the growth intelligent traffic management system market.
To get in-depth information view the report - https://www.factmr.com/report/319/intelligent-traffic-management-systems-market
The intelligent traffic management systems not only provide solutions for traffic congestion but also improve traffic flow and ensure safety of pedestrians.
Mass urbanization and proliferation of urban population, especially in emerging economies have surged the demand and production of automobiles, leading to rampant urban traffic jams.
Growing need to change or reshape transportation networks to avoid such traffic jams is anticipated to reflect favorably on the global intelligent traffic management systems market.
Need for Automation in Traffic Management to Accelerate Market Expansion
Technological solutions such as intelligent traffic management systems that monitor traffic through advanced methodologies are gaining pace to safeguard roadways infrastructure and transportation of commuters and pedestrians.
In busy roads and highways, effective traffic management solutions and services play an important role in monitoring various traffic activities.
Incessant rise in the number of on-road vehicles has increased the traffic density which results in roads accidents, noise pollution, and wastage of time and fuel.
Such traffic concentration in various regions across the globe is becoming difficult to manage through manual operation, and therefore expected to influence the adoption of intelligent traffic management systems in the coming years.
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=319
North America Leads Gains in the Intelligent Traffic Management Systems Market
Rapid movement of advanced technologies such as artificial intelligence, robotics and others in North America has influenced it to remain at the forefront of intelligent traffic management systems market, contributing an estimated revenue of more than US$ 3.9 billion in 2018.
The US accounts for relatively high share in the North America intelligent traffic management systems market, and is projected to expand at a promising CAGR of 10.1% during the forecast period.
Sales of integrated urban traffic control systems are likely to witness a steady growth during 2017-2026, holding over 16% revenue share in intelligent traffic management systems market in 2017.
Freeway management systems, on the other hand, are expected to earn high traction in the coming years, owing to growing presence of expressways to improve interstate transportation.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=319
High Spending of Federal and Provincial Government to Underpin Market Growth
Due to rising uptake of innovative traffic management services in public transit systems, relatively large expenditure on intelligent traffic management systems is likely to be commissioned by federal and provincial governments.
The segment accounted for more than of half of the revenue share of intelligent traffic management systems market in 2017.
Infrastructure enterprises and public private partnerships (PPPs) have also been envisaged to increase their spending on such systems during the forecast period, and eventually contribute a significant share to the intelligent traffic management systems market.
By components, traffic controllers and signals are expected to retain their leading position in the global intelligent traffic management systems market, accounting for over 15% revenue share in 2017.
Meanwhile, detectors and sensors are anticipated to witness a vigorous growth in the global intelligent traffic management systems market, expanding at 14.4% CAGR during the forecast period.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/319/S
Intelligent Traffic Management Systems Market: Competitive Landscape
The Fact.MR report highlights detailed profiles leading players operating in intelligent traffic management systems market which include Quarterhill Inc., IBM Corporation, Siemens AG, Dahua Technology Co., Ltd., Iteris, Inc., Q-Free ASA, Beijing E-Hualu Information Technology Co., Ltd., Econolite Control Products, Inc., Baumer Holding AG, and Kyosan Electric Mfg. Co., Ltd. Product innovations and new launches along with mergers & acquisitions remain key strategies of these players to improve their presence in the global market.
Visit Our Website - https://www.factmr.com/
Content Source – https://www.factmr.com/media-release/951/global-intelligent-traffic-management-systems-market
US Sales Office :
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Integrated Urban Traffic Control Systems Market likely to expand at a robust CAGR of 15.4% by the forecast period 2026 here
News-ID: 2264605 • Views: 219
More Releases from Fact.MR
Pet Feeder Market by Size | Growth | Analysis | Trends and Forecasts to 2018-202 …
Pet feeder market Overview Pets have become an integral part of families across the world and their well-being is a rising concern among owners owing to their busy lifestyle. The growing concern for the health of pets has resulted in a surge in pet service products, as a result the demand for pet feeders has increased. Browse Full Report - https://www.factmr.com/report/1200/pet-feeder-market Conventional pet feeders were used to serve food to pets in the
Automotive Exhaust Sensor Market will record a CAGR of 3.5% by the forecast peri …
In terms of volume, the global automotive exhaust sensor market will record a CAGR of 3.5% during the forecast period 2017 to 2026, as projected by a recent Fact.MR report. Nearly US$ 2,000 Mn worth of automotive exhaust sensors are estimated to be sold globally by 2026-end. To get in-depth information view the report - https://www.factmr.com/report/474/automotive-exhaust-sensor-market Miniaturization of integrated circuits has been providing a boost to the development of the automotive exhaust
Resilient Flooring Industry to Grow at a Moderate CAGR of 5.5% through 2026 - St …
A recently published report of Fact.MR projects a steady 5.5% CAGR, in terms of volume, for the global resilient flooring market between the period 2017 and 2026. More than US$ 10,000 Mn worth of resilient flooring is forecast to be sold globally by 2026-end. To get in-depth information view the report - https://www.factmr.com/report/473/resilient-flooring-market Rapid urbanization and industrialization has resulted into immediate and high requirement for resilient flooring across industrial areas, IT parks,
Baby Training Nappy Diaper Market to gain a valuation of US$ 23.0 bn during the …
The global baby training nappy diaper market is projected to grow handsomely with increasing number of babies aging between 6 and 18 months. The transition to the use of training pants from regular diapers could create strong demand for baby training nappy diaper. Rising awareness about elimination communication and how it helps babies to develop toilet independence is expected to set the tone for valuable growth of the global baby
More Releases for Traffic
Network Traffic Analyzer Market Worth
In-depth visibility into network security is driving the growth of the network traffic analyzer market. Network Traffic Analyzer Market Trends Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-14R2367/global-network-traffic-analyzer The research report studies the Network Traffic Analyzer market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover
The Diwali traffic and gifting
Businesses use the festival of lights to contact and communicate with clients in an ‘un-business like’ ambience through sharing gifts and presents with them. In a sense, this culture of gifting opens up massive opportunities for businesses themselves, particularly for consumer goods and white goods sector. Therefore, be it families or businesses, everyone needs to move around Delhi to not just share sweets and goodies, but also soak in the
Global Traffic Management Market Trend
According to a new report Global Traffic Management Market (2017-2023), published by KBV Research, the global Traffic Management Market is expected to attain a market size of $72.7 billion by 2023, growing at a CAGR of 21.6% during the forecast period. The Software market dominated the Global Traffic Management Market by Type in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 20.7 %
Global Traffic Sign Market 2017 - USA Traffic Signs, Swarco Traffic, Novelis, Mc …
Traffic Sign Market Research Report A market study based on the " Traffic Sign Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Traffic Sign Market 2017’. The research report analyses the historical as well as present performance of the worldwide Traffic Sign industry, and makes predictions on the future status of Traffic Sign market on the basis of this analysis. Request For Sample
Safe driving in city traffic
UR:BAN research initiative develops assistance systems for city drivers In future, cars with anticipatory driver assistance systems will help drivers to navigate their way through dense urban traffic without stress and above all safely. A taste of the solutions capable of transforming this vision into reality will be presented on May 14 by the 31 partners collaborating in the UR:BAN research initiative. The project, which runs to mid-2016, aims to develop
Genxxl Web Traffic Analysis
Genxxl.com is No. 473014 website in the world. It was launched on 31 Juky 2003. Genxxl.com is hosted in AMSTERDAM, NOORD-HOLLAND in NETHERLANDS and its ISP is LEASEWEB. Genxxl.com's primary IP Address is . Brian Wainstein on Genxxl Web Traffic Analysis: 51 websites link to Genxxl.com. Genxxl.com load speed is slow (3,867 ms) and 85% websites are faster than it. Primary language of Genxxl.com is English. 21.7% visitors of Genxxl.com are