Demand for Real-Time Information Will Promote the Global Traffic Management Systems Market Through 2019: Technavio

LONDON--()--Increased demand for up-to-date, real-time traffic information has resulted in the growth of the Global Traffic Management Systems Market, which is expected to post a CAGR of 37.69 percent from 2015-2019, says research firm Technavio.

About the Report

Passengers are demanding access to route and time information for public transit like buses, subways and trains. This is leading traffic authorities and transport agencies to embrace traffic management systems that can predict relevant traffic information through predictive analytics.

Additionally, the new Technavio report draws attention to cashless payments via smart cards and NFC enabled devices as a major market growth driver.

“There is a rise in the use of smart cards for making payments, as they can reduce the time spent waiting in parking zones and at toll stations. This trend is growing in emerging countries in the APAC region and Latin America, and will significantly impact the market through the projected period,” says Faisal Ghaus, Vice President of Technavio.

Furthermore, the market is witnessing an increase in the adoption of SaaS-based traffic management solutions, as they are useful for parking and traffic management, and during emergency situations.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Demand for real-time information
    • For a full detailed list, view our report.
  • Market Challenges:
    • Financing schemes and structures
    • For a full detailed list, view our report.
  • Market Trends:
    • Cashless payments by smart cards and NFC-enabled devices
    • For a full detailed list, view our report.
  • Key Vendors:
    • Cellint Traffic Solutions Ltd.
    • IBM Corp.
    • Iteris Inc.
    • Swarco AG
  • Other Prominent Vendors:
    • Accenture
    • Cambridge Systematics
    • Cubic
    • Decell Technologies
    • Siemens

Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the traffic management and safety market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Increased demand for up-to-date, real-time traffic information has resulted in the growth of Global Traffic Management Systems Market, which will post a CAGR of 37.69 percent by 2019, says Technavio.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com