Global Traffic Management Systems Market 2015-2019
Global Traffic Management Systems Market 2015-2019 is the latest addition to Sandlerresearch.org industry research reports collection. The report is about 64 pages published in April-2015. Global Traffic Management Systems Market 20152019 has been prepared based on an in-depth market analysis with inputs from industry experts. Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to endusers such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users plan their journey in advance and find the shortest route in real-time traffic scenario and provide on demand service during the journey. The traffic management systems aim at making commuting a hassle free and an enjoyable experience. The analysts forecast Global Traffic Management Systems market to grow at a CAGR of 37.69% over the period 2014-2019. According to the report, increased demand for realtime information is one of the major drivers of the market. People do not want to spend too much time traveling because of their busy schedules, and rely on a traffic management system that is efficient and capable of providing real-time updates about traffic in their vicinity. Advances in technology have resulted in the increased adoption of handheld devices such as smartphones, tablets, and phablets that come loaded with NFC features. Now users can make cashless payments using handheld devices. There is also a rise in the usage of smart cards for making payments, as it reduces the time spent waiting in parking zones and toll stations. This is a growing trend in emerging countries in APAC and Latin America. The report recognizes the following companies as the key players in the Global Traffic Management Systems Market 2015-2019: Cellint Traffic Solutions Ltd., IBM Corp., Iteris Inc., Kapsch TrafficCom AG and Swarco AG. Other Prominent Vendors in the market are: Accenture, Cambridge Systematics, Cubic, Decell Technologies, Siemens, Thales Group and TomTom.