According to a new report Global Traffic Management Market, published by KBV Research, the global Traffic Management Market is expected to attain a market size of $72.7 billion by 2023, growing at a CAGR of 21.6% during the forecast period.
The Software market dominated the Global Traffic Management Market by Type in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 20.7 % during the forecast period. The Hardware market is expected to witness a CAGR of 21.3% during (2017 - 2023). Additionally, The Services market is expected to witness a CAGR of 23.5% during (2017 - 2023).
The Urban Traffic Management & Control market dominated the Global Traffic Management Market by System in 2016, and would continue to be a dominant market till 2023;, growing at a CAGR of 20.4 % during the forecast period. The Predictive Traffic Modeling System market is expected to witness a CAGR of 23% during (2017 - 2023). Additionally, The Dynamic Traffic Management System would attain a market value of $9,274.7 million during the forecast period.
The Europe market dominated the Global Traffic Management Consulting Services Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 22 % during the forecast period. The North America market is expected to witness a CAGR of 21.7% during (2017 - 2023). Additionally, The Asia Pacific market is expected to witness a CAGR of 24.4% during (2017 - 2023).
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Traffic Management have been discussed in the report along with the elaborated company profiles of International Business Machines Corporation (IBM), Cisco System, Inc., LG Corporation (LG CNS Co. Ltd.), Swarco AG, Siemens AG, Kapsch (Kapsch Trafficcom AG), Q-Free ASA, and Accenture Plc.
Full Report: https://www.kbvresearch.com/global-traffic-management-market/
Global Traffic Management Market Segmentation
Global Traffic Management Market By Type
Global Traffic Management Market By System
Global Traffic Management Market By Geography
Companies Profiled
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Related Reports:
North America Traffic Management Market
Europe Traffic Management Market
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