BURNABY, Canada, February 2, 2016 /PRNewswire/ --
Traffic Management is planning, monitoring, control and purchasing of transport services, which is required for smooth monitoring of traffic across the transport mode. Earlier, the traffic management was restricted to providing the information about traffic and travel times. However, the intervention of modern information technologies changed the ecosystem of the market by developing the solutions which are based on real time analysis, predictive data modeling, advanced detection sensors, advanced display systems and so on.
The demand for Traffic Management solutions and services is growing worldwide. These solutions are required to reduce traffic congestion, control greenhouse gases emission, real time information of traffic and public transport, and so on. In today's world, the demand of these solutions have increased for the better life of citizens in the countries. Also, the focus of emerging countries to develop smart cities which can improvise smart parking systems, electronic toll systems, connected vehicles and so on.
Traffic Management Market: Outlook
Traffic Management Market is growing at the substantial pace across the world and it is expected to report double digit growth rate during the forecasted period 2016-2021. The market is growth is driven by the increasing demand of managing and monitoring the traffic especially on the roads, increasing environmental concern of the various country governments, rapid urbanization, and the need of real time information and analytics. In the overall traffic management market, Intermodal Transportation Planning System is the fastest growth systems.
Traffic Management Market Key Drivers
Traffic Management is the solution deployed to make the traffic movement across the transportation mode smoother and manageable. The increasing population, rapid growth in urbanization, increasing environmental concerns, parking problem, high pollution at cities borders, and so on the key drivers which take the Traffic Management Market to the new level of deployment. Also, the current action and strategic plan of different countries' transportation department highly focuses on resolving the traffic issues and creating the advanced traffic system which can predict incidences on the road, and connect vehicles for better real time information.
Multiple key players across the globe are focusing on providing advanced solutions to the government which caters to all the issues related to the traffic management.
Traffic Management Market: Region wise Outlook
The report covers the major regions of the world. The report discusses the various regions and respective major countries Traffic Management Market scenario, historic and forecasted market value. According to the research, it is depicted that North America region witnesses the maximum share in Global Traffic Management market in 2015 on the back of government initiatives and investment in Traffic Management aspects and deployment of various solutions across the region. In the region, the United States reported the dominance in the market. United States Department of Transportation has formulated the strategic plan which focuses on interoperability of vehicles, connected vehicles, advancing automation of road vehicle control systems.
In addition to this, the regional analysis depicts that the Asia Pacific region is the fastest growing region as the region's emerging economics have high population growth, rapid urbanization, growth in vehicle sales, and so on.
Traffic Management Market: Segmentation
The global Traffic Management Market can be segmented on the basis of solutions, system type, and regions.
Based on the Solutions, the global Traffic Management Market can be divided into the following segments:
- Extra Low Voltage (ELV) Solutions
Based on the System Type, the global Traffic Management Market can be divided into the following segments:
- Incident Detection and Location System (IDLS)
- Urban Traffic Management and Control (UTMC) System
- Journey Time Measurement System (JTMS)
- Predictive Traffic Modeling System (PTMS)
- Adaptive Traffic Control System (ATCS)
- Dynamic Traffic Management System (DTMS)
- Maintenance Tracking System (MTS)
- Traffic Management Training System (TMTS)
- Intermodal Transportation Planning System (ITPS)
- Route Guidance System
- Traffic Data Management System (TDMS)
Based on the Region, the Global Traffic Management Market can be divided into the following segments:
- North America (U.S, Canada, others)
- South America (Brazil, Argentina, others)
- Europe (Germany, France, U.K., Italy, others)
- Asia-Pacific (China, India, Japan, others)
- Middle East and Africa (U.A.E., Saudi Arabia, South Africa, others)
Traffic Management Market: Key Players
Leading players in the Traffic Management Market worldwide include Cubic Corporation, Siemens AG, Cisco System, Accenture, GE Transportation, Kapsch AG, Alstom Holding SA, IBM Corporation, LG CNS and many more.
The key players which are involved in the traffic management solutions to the clients located across the world. These key players are covered in the Global Traffic Management Market report. The report provides the detailed company profile with key segments which include business segment, product offerings, facts and figures along with the historical data and operating history of the company.
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The report covers the in-depth analysis on:
- To gain an in-depth understanding of Global Traffic Management Market.
- To identify the on-going trends and anticipated growth over the next five years
- To help industry consultants, traffic management solution providers align their market-centric strategies
- To obtain research-based business decisions and add weight to presentations and marketing material
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The report is designed by conducting in depth qualitative and quantitative research by the industry analyst. The market research report would work as a strategic bible for any industry player which desire to expand their business in the global market, as well as the report works as a knowledge document for the players which desire to enter into new markets across the geographies. The report findings are derived from the analysis based on the key trends and growth drivers as well as the industry analyst has interviewed key stakeholders and industry experts' in the traffic management market globally. Apart from providing the historical market size, the report discusses the forecasted market size of the global market along with key prevailing regions and systems in the market.
- Market Size & Forecast
- Market Share & Forecast - By Products, By System Type, By Company, By Region
- Regional & Segmental Analysis
- Emerging Trends & Upcoming Opportunities
- Market Attractiveness Index
- Competitive Landscape
- Strategic Recommendations
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