Traffic Management Systems Market 2021 | Present Scenario and Growth Prospects 2028

Future Market Insights (FMI) has published a new report on the global traffic management systems market. The report has been titled “Traffic Management Systems Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The global traffic management systems market is likely to foresee an extensive growth over the course of the forecast period. This growth can be attributed to the burgeoning congestion levels that offer tremendous potential for traffic management systems. The traffic management systems market is also increasing due to increasing government focus on boosting safety as well as expanding the smart city initiatives along with rapid advancements in technology.

In order to capitalise on this opportunity, the players operating in the market are launching new products and entering into mergers and acquisitions in order to acquire new technology and stay competitive in the market. For instance, in May 2015, IBM Corporation launched a transportation management solution for the New Jersey Turnpike Authority (NJTA). The launch is aimed at reducing traffic congestions and improving the traffic flow employing enhanced system that assimilates the Internet of Things to provide advanced analytics and predictive capabilities. Moreover, the system provides central management of approximately 900 devices including drum and portable signs, variable messages, traffic cameras and hybrid displays. The other companies operating in the market are Siemens AG, Thales Group Ad, Mitsubishi Electric Corporation, Kapsch Trafficcom, Iskra, Telegra, SWARCO, and SICE, among several others.

For more insights into the market, request a sample of this report@https://www.futuremarketinsights.com/reports/sample/rep-gb-6469

According to the report, the global traffic management system market is expected to witness a CAGR of 18.2% from 2018 to 2028. The market is expected to reach a worth of US$ 14, 178.4 Mn in 2018 and touch a valuation of US$ 75,228.8 Mn by the end of 2028.

traffic management systems market

Market Taxonomy

The global traffic management system market has been segmented into the following:

Component

  • Hardware
  • Software
  • Services

Application

  • Urban Traffic Management Systems
  • Adaptive Traffic Control Systems
  • Journey Time Management Systems
  • Incident Detection & Location Systems
  • Others

End User

  • Railways
  • Roads
  • Air
  • Maritime

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEA and Other Asia
  • Pacific
  • Middle East and
  • Africa
  • Japan
  • China

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-6469

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.5. Opportunity Analysis

4. Market Forecast

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

5. Global Traffic Management System Analysis By Component

6. Global Traffic Management System Analysis By Application

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