PUNE, India, January 12, 2016 /PRNewswire/ --

According to a new market research report "Traffic Management Market by Solutions (ELV, Full Pedestrian, Led Signals & Retrofit Solutions, Intersection Controllers Parking Space and Toll Management), Detection (AGPVD, Loop Detection & CCTV and ANPR), & by Region - Global forecast to 2020", published by MarketsandMarkets, Traffic Management Market 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% during the forecast period.

Browse 68 market Tables and 55 Figures spread through 149 Pages and in-depth TOC on "Traffic Management Market"

http://www.marketsandmarkets.com/Market-Reports/traffic-management-market-1036.html

Early buyers will receive 10% customization on this report. 

Increasing environmental concerns, rapid urbanization and population explosion, and demand for real-time information are the main drivers driving the growth of the traffic management system market. The increasing need to access real-time information captured by sensors and cameras is one of the major reasons for the introduction of advanced traffic management system.

Intermodal Transportation Planning System (ITPS) is the fastest-growing traffic management system 

It has become imperative for the traffic management department to understand the importance of strategic planning to control and manage traffic congestion. ITPS provides strategic simulation to intelligent transport management system, thereby helping to understand the roadway system, various events in the cities that could cause congestion, and emergency situations. Rapid urbanization, increased interest in smart cities, and the need for planning efficient transportation system drives the need for ITPS during the forecast period.

CCTV and ANPR detection type has captured the largest market share in traffic management detection type market 

Increasing traffic security concerns has made customers focus more on detection solutions such as CCTV and ANPR detection to capture traffic activities. Moreover, various real-time data can be collected through these solutions which help in predictive analysis for making various decisions on traffic congestion, accidents, and emergency relief.

North America to be the largest revenue generator of the traffic management system market in 2015 

North America is contributing the maximum toward the traffic management system market through solutions, detections, displays, and systems. This is mainly due to the increased focus of the government, thus increasing the need for "Traffic Management" projects and various initiatives toward traffic management solutions and services. Europe and Asia-Pacific are the second and third-largest regions in terms of market size for traffic management. The figure below shows the market share of different regions in 2015 and 2020.

The market is competitive due to the entry of new players with new and innovative offerings. Major vendors in the traffic management system market space include a large number of vendors such as Accenture, Cisco Systems, GE Transportation, IBM, Kapsch, LG CNS, Schneider Electric, and Siemens.

Request Sample Pages@ http://www.marketsandmarkets.com/requestsample.asp?id=1036

The report provides a picture of growth of the Traffic Management Market in various regions. The report aims at estimating the market size and future growth potential of this market across segments such as system types, management types, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the traffic management system market, with their company profiles, SWOT analysis, recent developments, and key market strategies.

Browse Related Reports 

Transportation Management System Market by Type (Traffic & Parking Management, Information Management, Inbound & Outbound Operations, and Route Management), Transportation Modes (Roadway, Railway, Airway, and Seaway), and by Service: Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/transportation-management-market-232446179.html

Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signaling, Multimodal Information System, Passenger Information Systems, Cloud Services, and Business Services): Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar,
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets