Traffic Management Market Size, Share, Price | Industry Report

Traffic Management Market Size, Share, Price | Industry Report 2020 Market Research Report to It’s a Database.

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“Rapid urbanization, population explosion, and demand for real-time information are some of the factors expected to drive the growth of the traffic management system market”

MarketsandMarketsexpectsthe global traffic management system market to grow from USD 4.12billion in 2015 to USD 17.64 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.8% during the forecast period. Increasing environmental concerns, rapid urbanization and population explosion, and demand for real-time information are the main drivers driving the growth of the traffic management system market.

“Parking space &toll management solutions is expected to gain maximum traction during the forecast period”

In 2015, parking space & toll management accounts for the largest market share in the traffic management system market, by solution during the forecast period. Increasing population along with rapid proliferation of the number of vehicles due to urbanization, have resulted in parking space issues along with the need to manage the toll services. Moreover, narrow roads and sparse land space has added more to the problem of parking. This has generated the demand for parking management solutions to manage parking and curb traffic congestion. Toll management has also become a necessary aspect of traffic management as this helps in centralized toll payment, cashless toll payment, reducing toll submitting time, and faster payment processing.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:

• By Company Type: Tier 1 – 50%, Tier 2 – 25% and Tier 3 – 25%
• By Designation: C level – 75%, Director level – 24%, Others – 1%
• By Region: North America – 50%, Europe – 25%, APAC – 25%

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Key players include:

• IBM Corporation
• Cisco Systems Inc.
• GE Transportation
• Siemens AG
• LG CNS
• Alstom SA
• Cubic Corporation
• Kapsch TraffiCom
• Cellint Traffic Solution
• Kapsch AG

The report will help the market leaders or new entrants in this market in the following ways:

• This report segments the market into various sub-segments covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different regions.
• This report will help in the better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers and acquisitions, integrations and expansions and collaborations of various market vendors. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.
• The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

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