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Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision) – Global Fore

The global Integrated Traffic Systems Market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increase in vehicle ownership is projected to drive the demand for integrated traffic systems market.

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Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision) – Global Fore

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  1. Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision) – Global Forecast to 2025 The global Integrated Traffic Systems Market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increase in vehicle ownership is projected to drive the demand for integrated traffic systems market. Download Free PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207068786 The traffic control segment is expected to be the second largest contributor to the integrated traffic system market, by function, during the forecast period. The current limitations of road infrastructure in developed as well as developing economies have fueled the development for new and existing technologies such as integrated traffic systems. Increasing traffic and growing population in urban areas have boosted the demand for smooth and congestion-free travel from commuters and governments. Moreover, vehicle ownership ratio has increased significantly across the globe, which has led to an increasing demand for traffic control functions. Due to the limited availability of land, usage of current road infrastructure needs to be optimum. For optimum usage of road infrastructure, traffic control systems such as parking management and intelligent traffic lightings are required. As a result of these factors, the traffic control system segment is estimated to be the second largest contributor in the integrated traffic systems market. Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=207068786 Surveillance camera is expected to be the fastest growing segment in the integrated traffic systems market, by hardware, during the forecast period. The surveillance camera segment is expected to be the fastest growing market during the forecast period. The main factors driving the market include real-time traffic tracking and easily readable

  2. information. Moreover, decreasing the cost of camera systems is fueling the application of surveillance cameras in the integrated traffic systems market. Key Market Players The key players in the integrated traffic systems market are Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria) , Siemens (Germany), Sumitomo (Japan), Flir Systems (US), Jenoptik AG (Germany), LG CNS (Korea), and Iteris (US). Swarco is anticipated to be a dominant player in the integrated traffic systems market. Swarco adopted the strategies of new product development, supply contracts, and mergers & acquisitions to retain its leading position in the integrated traffic systems market. The company strengthened its product portfolio and increased its global presence by building customer relationships. It has also started to increase its presence in emerging markets. View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/integrated-traffic- system-market-207068786.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

  3. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com

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