DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Traffic Management Market - Global Forecast to 2022" report to their offering.
The traffic management market size is estimated to grow from USD 22.96 billion in 2017 to USD 59.48 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.0%.
The market is driven by factors, such as the availability of hardware and connectivity devices at affordable cost, rising need for real-time information system, high demographic growth and hyperurbanization in developing countries, and government initiatives for traffic management under smart cities models. However, the traffic operators face various obstacles while adopting cloud traffic management solutions, such as security concerns, data protection, and lack of a standardized and uniform technology for traffic management.
There has been an increasing demand for traffic management systems, specifically for the dynamic traffic management that simulates various traffic data gathered by multiple sensors, cameras, and software. In addition, with the growing deployment of traffic management systems among traffic control and management operators, the demand for DTMS has grown exponentially. This system helps traffic operators to control and manage traffic more dynamically, eliminating any security risk and logistical cost associated with the traditional traffic management systems.
Companies Mentioned
- Accenture PLC (Dublin, Ireland)
- Atkins Group (London, UK)
- Cellint (Tel Aviv, Israel)
- Cisco Systems, Inc. (California, US)
- Citilog (Arcueil, France)
- Cubic Corporation (California, US)
- EFKON AG (Raaba, Austria)
- Esri (California, US)
- FLIR Systems, Inc. (Oregon, US)
- IBM Corporation (New York, US)
- Indra Sistemas, S.A. (Madrid, Spain)
- Industrial Management Technology & Contracting (IMTAC) LLC (Muscat, Sultanate of Oman)
- IntelliVision Technologies (California, US)
- Iteris, Inc. (Delaware, US)
- Jenoptik AG (Jena, Germany)
- Kapsch TrafficCom AG (Vienna, Austria)
- LG CNS Co. Ltd. (Seoul, South Korea)
- Lanner Electronics Inc. (New Taipei, Taiwan)
- Metro Infrasys Pvt. Ltd. (New Delhi, India)
- PTV Planung Transport Verkehr AG (Baden-Württemberg, Germany)
- Q-Free ASA (Trondheim, Norway)
- SWARCO AG (Wattens, Austria)
- Savari, Inc. (California, US)
- Siemens AG (Munich, Germany)
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TransCore, LP (Pennsylvania, US)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Traffic Management Market Analysis, By Solution
7 Traffic Management Market Analysis, By Software
8 Traffic Management Market Analysis, By Hardware
9 Traffic Management Market Analysis, By Service
10 Traffic Management Market Analysis, By System
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/n79wsn/traffic
