Intelligent Traffic Management System Market Research 2017: Demand for Integrated Urban Traffic Control Systems to Gain Traction

Posted on 2018-05-15 by Mark Hub in Technology // 0 Comments

Fact.MR

Rockville, US, 2018-May-15 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of global intelligent traffic management system market. The study is titled as “Intelligent Traffic Management Systems Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global intelligent traffic management system market.

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A recent report published by Fact.MR projects that the global intelligent traffic management system market will reach a valuation of US$ 31,692 Mn by 2026-end. Shifting focus towards improving road networks in expected to reflect favorably on the global market. Moreover, increasing need for technologies that can effectively manage and monitor high-speed mobility is creating greater scope of application of intelligent traffic management systems. A technology as such can effectively ensure passenger safety and address some of grave issues of traffic management. In highways and busy roads, it is extremely important to install advanced traffic management systems to monitor various the traffic activities.

Traffic regulatory bodies in various countries are introducing guidelines directed towards monitoring traffic movements proactively. Use of such cutting-edge traffic management systems also provisions quicker reactive measures to reduce the impact of unavoidable disasters. Companies are actively focusing on developing more comprehensive set of systems used for effective information apprehension and dissemination to passenger and drivers for safe and secure road travel. In addition, increasing investments in research & development programs is leading to introduction of superior intelligent traffic management systems.

Some of latest intelligent traffic management systems come with cost saving solutions for maintenance and energy consumptions. The intelligent traffic management solutions are supporting the infrastructure development plans for smart cities and smart roads. Popularity of intelligent traffic management systems is growing among highway operators and traffic management bodies across the globe owing to their comprehensive road monitoring capabilities. Further, factors such as hyper urbanization and economic growth in emerging countries is expected to influence demand for intelligent traffic management systems.

In terms of revenues, North America is expected to dominate the global market for intelligent traffic management systems in 2017 and the trend is expected to continue throughout the assessment period. In addition, the region’s market is projected to witness a sound growth over 2026. Rapid adoption of advanced traffic management solution in the U.S. and Canada is playing an important role in driving the growth of the market in the region.

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Table of Contents:

Global Intelligent Traffic Management Systems Market – Executive Summary
Global Intelligent Traffic Management Systems Market Overview
2.1. Introduction
2.1.1. Global Intelligent Traffic Management Systems Market Taxonomy
2.1.2. Global Intelligent Traffic Management Systems Market Definition
2.2. Global Intelligent Traffic Management Systems Market Size (US$ Mn) and Forecast, 2012-2026
2.2.1. Global Intelligent Traffic Management Systems Market Y-o-Y Growth
2.3. Global Intelligent Traffic Management Systems Market Dynamics
2.4. Intelligent Traffic Management System Architecture
2.5. Key Projects Underway
2.6. Policy and Legislation Framework
2.7. Supply Chain
2.8. Pricing Point Assessment and Deployment Cost
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Intelligent Traffic Management Systems Market Analysis and Forecast, 2012-2026
3.1. Global Intelligent Traffic Management Systems Market Size and Forecast By Product Type, 2012-2026
3.1.1. Integrated Urban Traffic Control System Market Size and Forecast, 2012-2026
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region

Continued……

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