|By Business Wire||
|August 21, 2014 03:45 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/g7qhrj/traffic) has announced the addition of the "Traffic Management Market by Solutions, Displays & Systems - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019)" report to their offering.
The traffic management market is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.5% % from 2014 to 2019. Congestion, hyper-urbanization and globalization, need of sustainable solutions and many more are the major drivers for this market.
Traffic congestion is the main cause for creating bottlenecks in the system. The bottlenecks occur when the available capacity of infrastructure is inadequate for traffic demand especially during peak hours.
Traffic management systems (TMS) reduce congestion and promotes a regular flow of traffic and reduces the wastage of fuel. Companies such as IBM, LG CNS, Schneider Electric and Siemens provide new generation solutions and services addressing modern/smart transportation needs.
The concept of TMS helps in finding the shortest route in real-time basis and reduces the carbon footprint; thus making commuting a hassle-free and enjoyable experience to its end users. In many regions, TMS has been implemented by the government which has improved the overall traffic flow in the regions. TMS is also giving rise to other individual traffic management devices, solutions and services which support traffic management. These solutions are also advantageous for better management of resources and time due to the application of intelligent and advanced technologies.
Scope of the Report
On the basis of solutions
- Extra Low Voltage (ELV) solutions,
- Intersection controllers
- Full pedestrian solutions
- LED signals retrofit solutions
- Parking space and ticketing management solutions
On the basis of detections
- Above ground pedestrian and vehicle detection
- Loop detection
- CCTV and ANPR systems
On the basis of displays
- Variable or dynamic message signboards
- Vehicle information terminals
- Accenture PLC
- Alstom SA
- CISco Systems Inc
- Cubic Corporation
- Ge Transportation
- International Business Machines Corporation
- Kapsch AG
- LG CNS
- Siemens AG
For more information visit http://www.researchandmarkets.com/research/g7qhrj/traffic
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