Marketresearchnest Reports adds “Global Traffic Management Systems Market Growth 2019-2024”new report to its research database. The report spread across 150 pages with multiple tables and figures in it.

Pune, India -- (SBWire) -- 02/14/2019 --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 end-users 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 in more widely applications by building a whole traffic networking.

With the rising population and vehicles, traffic safety has become increasingly important, which drives the demand for traffic management systems growing.

From 2010 to 2014, due to the intellectualization of traffic management systems, global traffic management systems industry developed fast with near 13.5~17.5% growth rate. As for China, because of the late start, traffic management systems industry has experienced an explosive growth, the growth rate is higher than 17.5% and average growth rate reached to 20%.

In the next years, it is estimated that traffic management systems industry will continue developing rapidly and the global revenue will reach to near 9.5 billion USD, while the same data will be 4.3 billion USD in China.

Due to the high opportunities in the RandD and sales of traffic management systems, in the future, there will be more and more investors entering into this industry.

Competition becomes more intense in traffic management systems industry, and providers will face the high risk of further price and gross margin decline in the future.

According to this study, over the next five years the Traffic Management Systems market will register a 9.2% CAGR in terms of revenue, the global market size will reach US$ 2520 million by 2024, from US$ 1490 million in 2019. In particular, this report presents the global revenue market share of key companies in Traffic Management Systems business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Traffic Management Systems market by product type, application, key companies and key regions.

This study considers the Traffic Management Systems value and volume generated from the sales of the following segments:

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This report studies the global Traffic Management Systems market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the Global Traffic Management Systems players in each region, with sales, price, revenue and market share from 2013 to 2019, the top players including
- Kapsch TrafficCom
- SWARCO
- Siemens
- TomTom
- THALES
- IBM
- Cubic
- Fujitsu
- Q-Free
- Imtech
- Kyosan Electric
- SICE
- Iteris
- Peek traffic
- E-Hualu
- China ITS (Holdings)
- ENJOYOR
- Datang Telecom
- Wantong Technology
- Hisense TransTech
- China Shipping Network Technology
- Dahua Technology
- HIKVISION
- Baokang Electronic

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Integrated Urban Traffic Control System
- Freeway Management System
- Advanced Public Transportation System
- Others

Split by applications, this report focuses on sales, market share and growth rate of Traffic Management Systems in each application, can be divided into
- Urban Traffic
- Inter-Urban
- Parking Management
- Info-mobility
- Public Transport
- Freeway
- Consultancy and Planning

Browse full table of contents and data tables at
https://www.marketresearchnest.com/Global-Traffic-Management-Systems-Market-Growth-Status-and-Outlook-2019-2024.html

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives:
- To study and analyze the global Traffic Management Systems market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Traffic Management Systems market by identifying its various subsegments.
- Focuses on the key global Traffic Management Systems players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Traffic Management Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Traffic Management Systems submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.

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