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Traffic Management Market

The traffic management market is expected to grow at approximately USD 65 Billion by 2023, at 20% of CAGR between 2017 and 2023

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Traffic Management Market

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  1. Traffic Management Market Global Opportunity Analysis and Industry Forecast, 2018-2023

  2. Traffic Management Market Overview • According to a new report by Market Research Future (MRFR), the global market for traffic management is expected to witness 20 % CAGR over the forecast period (2017-2023). Over the past few years, traffic management has undergone changes regarding technologies being used. Traffic management is one of the significant branches in logistics which comprises services like purchasing and controlling transport services, planning and reducing the density of traffic. Traffic management system provides real-time data and the ability to respond immediately. • Current technologies in traffic management market incorporate wireless charging sensors, IOT based ITS, weather monitoring solutions, integrated machine learning, IOT for autonomous vehicles, integrated toll management systems, ITS for connected vehicles, and more.

  3. Growth in airline traffic control volume is one of the major factors driving the market growth. The market is itself in its growth stage owing to the development and inventions of new traffic management system which is slowly replacing the outdated technology. With the increasing demand for metro railways due to rapid urbanization, the railway traffic management market will grow at a steady pace. Increasing urbanization, increasing public concern for safety, and government initiative to modify the traffic infrastructure are the key drivers fuelling the growth of this market. • With the emergence of smart cities like Amsterdam smart city, Guangzhou Innovation City, Yokohama Smart City Project, Planit Valley, and a few, opportunities for traffic management market are increasing worldwide. Read More at: https://www.marketresearchfuture.com/reports/traffic-management-market-3199

  4. Market Segmentation • The global market for traffic management has been segmented on the basis of component, systems, and region. • The market for traffic management has been segmented into hardware, software, and service based on component. Hardware has been further segmented into display boards, sensors, surveillance cameras, and others. Software has been segmented into smart signaling, route guidance, traffic analytics, and smart surveillance. Service has been further segmented into consulting, deployment and integration and support and maintenance. • Based on systems, the market has been segmented into Urban Traffic Management and Control System (UTMC), Adaptive Traffic Control System (ATCS), Journey Time Measurement System (JTMS), Predictive Traffic Modelling System (PTMS), Incident Detection and Location System (IDLS), and Dynamic Traffic Management System (DTMS) Get the sample copy @ https://www.marketresearchfuture.com/sample_request/3199

  5. Key Market Players

  6. Intended Audience

  7. Detailed Regional Analysis • The regional analysis of traffic management market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. Europe region accounts for largest share in traffic management market owing to adopting of smart traffic management software. There is an increased adoption of software such as smart signaling and route guidance for better management of traffic. Asia-Pacific region is also expected as a fastest growing market due to increased traffic congestion and regulatory measures to minimize traffic congestion along with better traffic control measurement.

  8. Thank You! For More Details Visit us at https://www.marketresearchfuture.com Follow Us On

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