DUBLIN, Ireland, April 7, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4b8mbb/traffic) has announced the addition of the "Traffic Management Market - Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection - Global Advancements, Market Trends, Enterprise Roadmap, Market Forecasts to 2018" report to their offering.
Traffic management reduces congestion and promotes a regular flow of traffic. Traffic management also proves to be money saving as it reduces the wastage of fuel. It decreases the carbon emissions from the vehicles and thus supports to keep our environment clean. Transport Management Systems (TMS) have been created to generate solutions for traffic management with the advancements of Information and Communication Technology (ICT).
The traditional traffic management solutions have just reduced time and money wastage due to congestion while present technologies in TMS allow the users to plan their journeys in advance, finding the shortest route in real-time situation, provides help on demand during the journey, and reduces the carbon footprint; thus making commuting a hassle-free and enjoyable experience. The initiatives taken by government to implement TMS by executing various projects and schemes have improved the traffic management in various countries. Transportation and traffic management in any region is distinguished by the governance, economical and environmental advantages, advancement in technology and better social standards.
TMS is also giving rise to other individual traffic management devices, solutions and services which support traffic management. These solutions are also advantageous for better management of resources and time due to the application of intelligent and advanced technologies. The overall traffic management market stands with a total revenue of $2,580.0 million in 2013, and is expected to grow to $12.69 billion at a CAGR of 37.5% from 2013 to 2018. This growth is primarily due to high adoption of smart cities, transportation solutions, amongst small as well as mega cities.
The growing popularity of traffic management is due to the reduction in the volume of vehicles' travel time and connectivity in the modes of transportation which has helped in improving traffic flow. The overall market revenue is estimated to be $2.58 billion in 2013; the major contributors are as follows: $955.1 million from North America, $762.1 million from Western Europe and $499.0 million from APAC.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Traffic Management: Projects
5 Traffic Management: Market Size, Analysis And Forecast By System Types
6 Traffic Management: Market Size, Analysis And Forecast By Types
7 Traffic Management: Market Size, Analysis And Forecast By Regions
8 Competitive Landscape
9 Company Profiles
- Accenture PLC
- Affiliated Computer Services Inc
- Alstom Sa
- Cisco Systems Inc
- Cubic Corporation
- LG CNS
- Schneider Electric
For more information visit http://www.researchandmarkets.com/research/4b8mbb/traffic
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SOURCE Research and Markets