Traffic Management System Industry key players, growth, analysis, 2018-2026

1. Traffic Management System Industry key players, growth, analysis, 2018-2026 Market Overview Traffic management is a system that providing traffic management solutions that improve traffic flow and safety of road users. It also advices the command control and signaling system which receives the information about the current traffic and the disturbances in the surrounding. Traffic management system includes pedestrian access, lane and sidewalk closures, traffic plans, services, and others. Increasing urbanization results in the rise of traffic density levels, making traveling troublesome for common folk. For instance, according to the Global Health Observatory (GHO), the urban population in 2014 accounted for 54% of the total global population, and continues to grow. Over half of the population in the world is staying in urban areas, which increases overcrowding in small areas. More people leads to more usage of vehicles triggering traffic congestion. Hence, traffic management system is the major need to control the traffic problems such as traffic congestions and others will positively impact the growth of traffic management market. Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/1409 North America accounted for the largest share in the global traffic management market in 2016. U.S. is the major growth engine in North America market. This is owing to increasing initiatives from the U.S. government towards improvement of traffic management facilities and implementation of intelligent transportation systems (ITS). For instance, the America's Surface Transportation Act or "FAST Act" was passed in 2015, in order to solve congestion issues regarding the traffic management, and enhance the transportation within the country. Asia Pacific market is expected to exhibit highest CAGR over the forecast period and this is due to increasing urbanization and growing initiatives for better traffic management in the developing countries such as India and China. For instance, in 2015 Government of India launched "100 Smart Cities Mission" with project investments of US$ 30.02 billion which includes the technologies such as CCTV cameras, ITS (Intelligent transportation System) and others, which is expected to positively influence the growth of regional traffic management system market. Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/1409 The key players in the global traffic management market include Accenture PLC, Atkins Group, Affiliated Computer Services, Inc., Alstom SA, Cisco Systems, Inc., Cubic Corporation, ESRI, GE Transportation, IBM, Indra, Ineo, Kapsch, LG CNS, and Schneider Electric. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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