Dublin, Jan. 20, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/kwdvkk/traffic) has announced the addition of the "Traffic Management Market 2016 - Global forecast to 2020" report to their offering.
The traffic management market is expected to grow from USD 4.12 Billion in 2015 to USD 17.64 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.8%
Environmental concerns, rapid urbanization and population explosion, and demand for real-time information are some of the factors driving the traffic management system market.
The report aims at estimating the market size and future growth potential of the traffic management market across different segments such as solutions, detection types, displays, system types, and regions. The base year considered for the study is 2014 and the forecast period is from 2015 to 2020. The detection market is gaining high traction due to the increasing need for understanding traffic management issues. Moreover, the increasing demand for real-time information is another factor for increasing the usage of detection solution.
Intermodal Transportation Planning System (ITPS), Maintenance Tracking System (MTS), and Journey Time Measurement System (JTMS) are the top growing traffic management system types. Increasing traffic management infrastructure has raised the demand for its maintenance. Various traffic management software and devices require continuous maintenance support to deliver better quality and error proof information. Thus, maintenance tracking system has witnessed a high growth rate during the forecast period.
Closed Circuit Television (CCTV) and Automatic Number Plate Recognition (ANPR) capabilities detection type has captured the largest market and dominated the traffic management detection type market from 2015 to 2020. Increasing security concerns and the need to curb the rise in the number of road accidents have led to an increased demand for this solution. Parking space & toll management solutions have the largest market share among the solution segment. The growing population has also increased the amount of traffic. Due to this, the issue of parking space and toll management has emerged rapidly. Moreover, due to lack of parking spaces and other emerging problems of conurbation, several market players are coming up with high-end and greater quality parking space & toll management solutions.
The traffic management ecosystem comprises solution providers such as IBM, CISCO, GE Transportation, and Kapsch TraffiCom; detection solution provider such as SWARCO, Traffic Solutions, LG CNS; display solution providers such as Kapsch AG, Cellint, and NEC which cater to the unique business requirements of the end users.
Scope of the Report
By System Type:
- Urban Traffic Management and Control (UTMC) System
- Adaptive Traffic Control System (ATCS)
- Journey Time Measurement System (JTMS)
- Predictive Traffic Modeling System (PTMS)
- Incident Detection and Location System (IDLS)
- Route Guidance System
- Dynamic Traffic Management System (DTMS)
- Intermodal Transportation Planning System (ITPS)
- Traffic Management Training System (TMTS)
- Maintenance Tracking System (MTS)
- Traffic Data Management System (TDMS)
By Management Type:
By Solution:
- Extra Low Voltage (ELV) solutions
- Intersection controllers
- Full pedestrian solutions
- LED signals and retrofit solutions
- Parking space and toll management solutions
By Detection:
- Above-Ground Pedestrian and Vehicle Detection (AGPVD)
- Loop detection
- CCTV and ANPR capabilities
By Display:
- Variable message sign
- Vehicle information terminal
- Others
Companies Mentioned
- Accenture PLC
- Alstom Holding SA
- CISco System, Inc.
- Cellint
- Cubic Corporation
- GE Transportation
- IBM Corporation
- Kapsch AG
- Lg Cns
- Siemens AG
For more information visit http://www.researchandmarkets.com/research/kwdvkk/traffic