Global Traffic Management Market Forecast to 2024 - CAGR of 20.4% is Projected - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--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
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 LandscapeCubic 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
View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005422/en/
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SOURCE: Research and Markets
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PUB: 08/21/2018 09:36 AM/DISC: 08/21/2018 09:36 AM