Market Overview

Global Traffic Management Market Forecast to 2024 - CAGR of 20.4% is Projected - ResearchAndMarkets.com

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The "Traffic
Management Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2024"
report has been added to ResearchAndMarkets.com's
offering.

The report predicts the global traffic management market to grow with a
CAGR of 20.4% over the forecast period of 2018-2024.

Growing demand for increasing urban population, intermodal
transportation planning, and control in roadways, railways and airways
are anticipated to drive the global traffic management market.

Additionally, government initiatives to modify traffic infrastructure
and growing public concern for safety are the factors boosting the
growth of the market. For instance, the Indian government in their union
budget 2017-2018 has allocated National Highway Authority of India
(NHAI) for the development of roads and highway under the Pradhan Mantri
Gram Sadak Yojana (PMGSY).

However, heavy capital investments and traffic hindrance is anticipated
to restrain the growth of the market during the forecast period. On the
other hand, due to lack of funds and the governments in the
underdeveloped countries curb from investing in new technologies for
traffic systems that in turn is having negative impact for the market
growth.

Furthermore, high adoption of technologies such as route guidance
software and smart signaling are anticipated to create lucrative
opportunities for the key players in the traffic management system
market. Moreover, with the increasing emergence of smart cities,
opportunities for the global traffic management market is increasing
over the years to come.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Traffic Management Market Overview

4. Global Traffic Management Market Macro Indicator Analysis

5. Global Traffic Management Market by Software

6. Global Traffic Management Market by System

7. Global Traffic Management Market by Region 2018-2024

8. Company Profiles & Competitive Landscape

  • Cubic Corporation
  • Metro Infrasys Private Limited
  • Indra Sistemas S.A.
  • LG CNS Co. Ltd.
  • Q-Free ASA
  • Kapsch Trafficcom AG
  • International Business Machines (IBM) Corporation
  • Siemens AG
  • Swarco AG
  • Cisco Systems Inc.
  • Accenture PLC

For more information about this report visit https://www.researchandmarkets.com/research/qrcldr/global_traffic?w=4

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