Traffic Management Market Worth $16.9 Billion by 2019
The global traffic management market is expected to top $16.9 billion by 2019 according to a recent study conducted by MarketsandMarkets.
The analysis studied the major market drivers, restraints, and opportunities in North America, Western Europe, CIS + Eastern Europe, Middle East and Africa, Asia-Pacific, and Latin America.
Driving the growth is a population rate that is anticipated to rise tremendously and is predicted by 2050 it will reach 9.7 billion.
According to the authors, “this will increase the statistics percentage of congestion, traffic, accidents and insecurity in all developed, and developing unless some intelligent technologies, solutions or applications are undertaken to control them.”
The report on traffic management includes the opportunity analysis of technology adoption across all solutions and services market such as Cloud services, Traffic Management Services (TMS), Intelligent Transport System (ITS) and more.
Category: Featured, General Update, Management
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