Traffic Management Systems Market: Market Trends and Key Developments
Road authorities deploy advanced traffic management systems to maximize operation performance and reliability of all aspects of road networks such as traffic management, control, and surveillance. Traffic management systems include urban and inter-urban systems, vehicle detection systems, ramp metering systems, bridge traffic management systems, and tunnel traffic management systems. Transportation systems play an important role in a country’s economic and social development. Metropolitan cities around the world are facing a challenge from increasing traffic jams due to continuous increase in population, increase in vehicle ownership, and limited road networks. This results in increased fuel wastage, traffic time, and monetary losses. Obtain Report Details @ http://www.transparencymarketresearch.com/traffic-management-systems-market.html Aggressive demand for traffic management solutions is expected from emerging countries such as India, China, and Brazil due to rapidly increasing congestion issues in their major cities. Some of the key factors driving the market include high growth rate of demographics as also the fact that developing countries are facing hyper urbanization. Lack of uniform and standardized technology in traffic management is a key factor restraining market growth. Further, the emergence of IoT (Internet of Things) and the application of edge analytics in traffic management systems is a key opportunity for the traffic management system market. The traffic management systems market by software is segmented by route guidance, smart signaling, traffic analytics, and smart surveillance. The smart surveillance segment has been further segmented into video management software, video analytics by application, and video analytics. The video analytics by application segment has been further segmented into facial recognition, ANPR, incident detection, and pedestrian detection. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27539 The traffic management systems market by hardware has been segmented into sensors, display board, surveillance cameras and others. The sensors segment is further segmented into speed sensor, vehicle detection over the next few years. High adoption of traffic management systems
in the region is resulting in this high revenue share. High penetration rate of latest technology in traffic management systems is expected to drive the market further in the region. Some of the key players operating in the traffic management systems market include Siemens AG (Munich, Germany), Hitachi Ltd (Tokyo), WS Atkins PLC (U.K.), Nuance Communications, Inc. (The U.S.), EFKON AG (Austria), Garmin International Inc. (The U.S.), Iteris, Inc. (The U.S.), Telenav, Inc (The U.S.), Thales Group (France), and TomTom NV (The Netherlands). The key players operating in the traffic management market are a focusing a considerable amount of their revenue in research and development for developing new products and gain competitive advantage over its competitors. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement. Contact Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207
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