Traffic management market is expected to grow $57.9 billion by 2024
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[215 Pages Report] Traffic management market size, analysis, trends, & forecast. The global market for traffic management categorized by solution, hardware, service, system, and by region.
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Traffic management market is expected to grow $57.9 billion by 2024
- 1. Traffic Management Market is expected to grow $57.9 billion by 2024
- 2. Scope of The Report By Component The research report categorizes the Traffic Management Market to forecast the revenues and analyse the trends in each of the following subsegments: • Solutions • Hardware • Services And More… By Solution • Smart Signaling • Route Guidance and Route Optimization • Traffic Analytics • Smart Surveillance By Hardware • Display Boards • Sensors • Surveillance Cameras • Others By Service • Consulting • Integration and Deployment • Support and Maintenance
- 3. Key Segments It also helps reduce traffic congestions and promotes a regulated flow of traff ic. It is an economic and fuel-efficient solution. Traffic management also help s reduce carbon emissions from vehicles, thus providing an environment-frie ndly traffic solution. Increasing adoption of the latest traffic management systems powered with tech nologies, such as Artificial Intelligence (AI) and Internet of Things (IoT), foster th e need for effective deployment of traffic management systems and solutions. Traffic management integrates and coordinates the flow of traffic in various regio ns for the ease of commuters, i.e., vehicles as well as pedestrians. 1 2 3 4 5 Cameras require intelligent capabilities to make decisions related to traffic conditions. The y are mounted on the top of traffic signals or placed along the busiest roads, intersections , and highways. Traffic management market size is expected to grow from $30.6 billion in 2019 to $57.9 billion by 2024, at a CAGR of 13.6% during the forecast period.
- 4. Market Growth Rate 2019 2024 Market Size of $30.6 billion Market Size of $57.9 billion13.6% CAGR
- 5. Key Vendors • Accenture (Ireland) • Cellint (Israel) • Cisco (US) • Citilog (France) • Cubic Corporation (US) • And More Major Players View Report Here - https://www.marketsandmarkets.com/Market-Reports/t raffic-management-market-1036.html
- 6. Major Regions • North America • Europe • APAC • MEA • Latin America North America is expected to hold the largest market share. Asia Pacific (APAC) is expected to prov ide opportunities for debt collection soft ware providers and grow at the highest CAGR
- 7. • Where will all these developments take the industry in the mid to long term? • What are the upcoming industry solutions in the traffic management market? • Which are the major factors expected to drive the market? • Which region would offer high growth for vendors in the market? • What are the opportunites in the global traffic management market? Key Questions Addressed by the Report:
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