The latest report from ReportsnReports.com estimates the global traffic management market to be US$3.56 billion in 2014 and expected to reach US$16.89 billion by 2019, at a CAGR of 36.5 per cent between 2014 and 2019.
The report, Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019) includes the opportunity analysis of technology adoption across all solutions and services market such as Cloud services, traffic management services (TMS), intelligent transport system (ITS) and many more. The old solutions only saved time to an extent but there was money wastage due to the congestion problem, whereas the new adopted technologies and solutions save time, money and are safe.
Some of the wide range of solutions offered are intersection controllers, full pedestrian solutions, LED signals and retrofit solutions, extra low voltage and many more. The traffic management market holds the maximum percentage of market share in these and is expected to grow in the future years. Cloud service is one of the services adopted in the overall traffic management market by services, because of the innovation in performance and functions of smart devices.
Out of all the regions, North America is the largest revenue generator for services in the Smart transportation market. Asia Pacific (APAC) is expected to show a significant rise in the revenues because of the budding inter-Asian and intra-Asian trade that exists between different countries of Asia.
Traditional traffic management is converting into intelligent traffic management where digital infrastructure is overlaid to interconnect and 'plug in' the downfalls that the physical infrastructure cannot escape.
The report consists of the opportunity study of technology adoption across all solutions and services market and focuses on estimating and forecasting the market potential of the major sub-segments of traffic, extra low voltage, active traffic management, intelligent traffic management, innovative traffic solution, journey time management system and many more.
The report also discusses the projects undertaken to curb congestion and traffic problems. There will be huge expansion and growth in the market due to traffic related projects mainly undertaken by government.
The report, Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019) includes the opportunity analysis of technology adoption across all solutions and services market such as Cloud services, traffic management services (TMS), intelligent transport system (ITS) and many more. The old solutions only saved time to an extent but there was money wastage due to the congestion problem, whereas the new adopted technologies and solutions save time, money and are safe.
Some of the wide range of solutions offered are intersection controllers, full pedestrian solutions, LED signals and retrofit solutions, extra low voltage and many more. The traffic management market holds the maximum percentage of market share in these and is expected to grow in the future years. Cloud service is one of the services adopted in the overall traffic management market by services, because of the innovation in performance and functions of smart devices.
Out of all the regions, North America is the largest revenue generator for services in the Smart transportation market. Asia Pacific (APAC) is expected to show a significant rise in the revenues because of the budding inter-Asian and intra-Asian trade that exists between different countries of Asia.
Traditional traffic management is converting into intelligent traffic management where digital infrastructure is overlaid to interconnect and 'plug in' the downfalls that the physical infrastructure cannot escape.
The report consists of the opportunity study of technology adoption across all solutions and services market and focuses on estimating and forecasting the market potential of the major sub-segments of traffic, extra low voltage, active traffic management, intelligent traffic management, innovative traffic solution, journey time management system and many more.
The report also discusses the projects undertaken to curb congestion and traffic problems. There will be huge expansion and growth in the market due to traffic related projects mainly undertaken by government.
