Traffic Management Market by Solutions (ELV, Full Pedestrian, Led Signals & Retrofit Solutions, Intersection Controllers Parking Space and Toll Management), Detection (AGPVD, Loop Detection & CCTV and ANPR), & by Region - Global forecast to 2020
“Rapid urbanization, population explosion, and demand for real-time information are some of the factors expected to drive the growth of the traffic management system market”
MarketsandMarkets expects the global traffic management system market to grow from USD 4.12 billion in 2015 to USD 17.64 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.8% during the forecast period. Increasing environmental concerns, rapid urbanization and population explosion, and demand for real-time information are the main drivers driving the growth of the traffic management system market.
The latest trends in the traffic management market include real-time traffic management, remote monitoring system, data management, and Software as a Service (SaaS) based solutions and Internet of Things. Rapid urbanization and the emerging concept of smart cities and smart traffic have further boosted the demand for SaaS-based solutions in the traffic management system market. Asia-Pacific is also gaining high market traction due to the improving economic condition and increasing cloud adoption in the region.
Table of Contents
1 INTRODUCTION 14
2 RESEARCH METHODOLOGY 18
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
5 TRAFFIC MANAGEMENT: PROJECTS 34
6 MARKET OVERVIEW 36
7 INDUSTRY TRENDS 45
8 TRAFFIC MANAGEMENT SYSTEM MARKET ANALYSIS, BY SYSTEM TYPE
52
9 TRAFFIC MANAGEMENT SYSTEM MARKET ANALYSIS, BY ROAD TRAFFIC
MANAGEMENT TYPE 66
10 GEOGRAPHIC ANALYSIS 84
11 COMPETITIVE LANDSCAPE 109
12 COMPANY PROFILE 115
13 APPENDIX 142
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