Traffic Management Market – Industry Analysis and Forecast (2017-2024) _ by System (Urban Traffic Management and Control (UTMC) System, Adaptive Traffic Control System (ATCS), Journey Time Measurement System (JTMS), Predictive Traffic Modelling System (PTMS), Incident Detection and Location System (IDLS), Dynamic Traffic Management System (DTMS), Solution (Hardware, Software, Services), Services (Route Guidance, Smart Surveillance, Smart Signalling, Traffic Analytics), Hardware (Display Boards, Surveillance Cameras, Sensors, Others), Service (Deployment & Integration, Consulting, Support & Maintenance) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)

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Traffic Management Market valued USD 22.59 Billion in 2017 and expected to reach USD 90.3 Billion by 2024, at a CAGR of 21.9%.

Please click the link to find report description and Table of Content in detail Global Traffic Management Market – Industry Analysis and Forecast (2017-2024)

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the component, analytics type, organization size, deployment model, industrial vertical.

The key driving factor for this market include the high demographic growth and hyper urbanization in developing countries, and government initiatives for traffic management under smart cities models are some of the driving factors for this market.

Deployment & integration is anticipated to hold the major market share over the forecast period:

The deployment and integration services sub-segment among the vertical segment is anticipated to hold the largest market share over the forecast period. The Deployment and integration services aids in reducing the deployment and integration time. These services are crucial for developing end-to-end traffic smart signalling, route guidance, traffic analytics, and smart surveillance solutions for the traffic management market

APAC is expected to hold a major chunk of the market during the forecast period:

Geographically, the Global Traffic Management Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the APAC region is expected to be the fastest-growing region in the global market. The growth in the region is attributed to the high adoption of solutions to minimize congestions, additionally better traffic management and control, has led to a wider demand for traffic management solutions in the APAC region. The adoption of traffic management solutions has increased due to the ongoing and emerging smart cities and smart transportation projects, thus enabling APAC to become a highly potential market.

Scope of the Report:

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

Traffic Management Market, by Solution: Hardware, Software, Services

Traffic Management Market, by Services: Route Guidance, Smart Surveillance, Smart Signalling, Traffic Analytics

Traffic Management Market, by Hardware: Display Boards, Surveillance Cameras, Sensors, Others

Traffic Management Market, by Service: Deployment & Integration, Consulting, Support & Maintenance

Traffic Management Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America

The major key players that influence growth of Traffic Management Market includes:

• Swarco AG
• IBM Corporation
• Q-Free ASA
• Indra Sistemas, S.A.
• Cubic Corporation
• Iteris, Inc.
• Cisco Systems, Inc.
• Siemens AG
• Kapsch Trafficcom AG
• LG CNS Co., Ltd.
• Metro Infrasys Private Limited
• Accenture PLC
• Cellint

By: www.maximizemarketresearch.com

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