Press release
Traffic Management Systems Market 2017 Analysis and 2025 Forecast by Key Players, Regions, Type and Application
The Insight Partners
Today, majority of population travelling on daily basis face the problem of traffic. Due to rising level in number of vehicles running on road, the traffic congestion has become intolerable resulting in emergence of effective and efficient traffic management system. Government and Municipal Corporation of various regions share the common traffic management issue. Also, these days due to rising disposable income, a person’s ability to buy expensive commodities has increased, thus, leading to more than one car in a single house. The global traffic management system is expected to experience high growth in demand in next few years.
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Rapid growth in sales of commercial vehicles and passenger cars, rising number of travelers, bolstering tourism industry and increasing road accidents are some of the major factors driving the traffic management market. The trending intermodal traffic management systems, increasing commercial drones’ demand, growing demand for vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication and rising need of innovative smart parking management is expected to drive the growth of global traffic management market next few years.
Traffic Management Market Key Players
IBM Corporation
GE Transportation.
TraffiCom
Cisco Systems Inc.
Siemens AG
Kapsch AG
LG CNS
Cubic Corporation
Cellint Traffic Solution
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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