The traffic management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of +21% during the forecast period. Traffic Management Systems have been used for reducing fuel wastage and congestion. However, with rapid technological advances, Traffic Management Systems are now helping users plan their journey in advance, to find the shortest route in real time traffic, to avail on-demand services during journeys, etc. Traffic Management Systems are making commuting a hassle free and enjoyable experience.
The traffic management market is is expected to grow from USD 23 Billion in 2017 to USD 60 Billion by 2023.
The study presents a qualitative and quantitative analysis of the market, its key segments, regulatory landscape, and competitive scenario, and recent developments. A detailed analysis of factors expected to drive and challenge the growth of the market as well as the trends that decide consumer inclination are highlighted.
The report utilizes a variety of primary and secondary research methodologies for gathering quantitative as well as qualitative data on global as well as regional fronts.
With the help of a number of industry-best analytical methods, the vast amount of market data thus gathered is filtered and narrowed down to the details that matter the most to companies operating in the Global Traffic Management Software Market or aspiring to enter it.
Companies Profiled In This Report:
Cisco Systems, MercuryGate TMS, LLamasoft, AscendTMS, Agile TM, WideOrbit, VertaMedia, Virtu Group, Trycon Technologies, Toasted Snow
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The demand for traffic management market is driven by factors, such as high demographic growth and hyper urbanization in developing countries, and government initiatives for traffic management under smart cities models. With the increase in the deployment of smart transportation solutions among the smart cities, the traffic management market is expected to gain a major traction during the forecast period.
Traffic Management Systems collate data from sources such as road sensors, CCTV cameras and traffic control centers. The system processes the collated data to generate useful information from it.
The filtered information is passed on to the end users such as passengers, traffic control agencies, police stations, etc.
The traffic management software segment is expected to contribute to the largest market share.
Marketing strategies and marketing channels adopted by key companies are highlighted in the report. Corporations are concentrating on improving direct and indirect advertising strategies and develop various promotion channels, brand strategies, and pricing strategies.
This statistical surveying report finds that major corporations functioning in the Global Traffic Management Software Market are concentrating on acquiring a few startup companies in the near future. With this, the key companies will get a chance to focus on adopting new trends and innovations in the market products.
Additionally, by merging with startups, leading companies are aiming to maintain their dominance in the global market.
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Reason to Global Traffic Management Software Market Research Report:
Analysis of Global Traffic Management Software Market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of market which also includes snapshots that offer depth of information of various other segmentations.
Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in market have been provide. Primary and secondary research is been done in detail which helps the readers have a strong understanding of the complete market for the forecast period.
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Table of Contents:
Global Traffic Management Software Market Research Report 2017
Chapter 1: Global Traffic Management Software Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Traffic Management Software Market Forecast
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