DUBLIN, June 1, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/nnfmmk/global_traffic) has announced the addition of the "Global Traffic Management Systems Market 2015-2019" report to their offering.
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The analysts forecast the Global Traffic Management Systems market to grow at a CAGR of 37.69% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Global Traffic Management Systems market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the products and solutions in the Global Traffic Management Systems market.
Advances in technology have resulted in the increased adoption of handheld devices such as smartphones, tablets, and phablets that come loaded with NFC features. Now users can make cashless payments using handheld devices. There is also a rise in the usage of smart cards for making payments, as it reduces the time spent waiting in parking zones and toll stations. This is a growing trend in emerging countries in APAC and Latin America.
According to the report, increased demand for real-time information is one of the major drivers of the market. People do not want to spend too much time traveling because of their busy schedules, and rely on a traffic management system that is efficient and capable of providing real-time updates about traffic in their vicinity.
Further, the report states that the slow growth of the infrastructure sector is one of the major challenges faced by the market.
The market is divided into the following segments: Traffic Management Systems, Parking Management Systems, and Other Systems.
- Cellint Traffic Solutions
- Kapsch TrafficCom
Other Prominent Vendors
- Cambridge Systematics
- Decell Technologies
For more information visit http://www.researchandmarkets.com/research/nnfmmk/global_traffic
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets