(USGovernment-News.Com, December 22, 2017 ) Today, majority of population travelling on daily basis face the problem of traffic. Due to rising level in number of vehicles running on road, the traffic congestion has become intolerable resulting in emergence of effective and efficient traffic management system. Government and Municipal Corporation of various regions share the common traffic management issue. Also, these days due to rising disposable income, a personís ability to buy expensive commodities has increased, thus, leading to more than one car in a single house. The global traffic management system is expected to experience high growth in demand in next few years.
Rapid growth in sales of commercial vehicles and passenger cars, rising number of travelers, bolstering tourism industry and increasing road accidents are some of the major factors driving the traffic management market. The trending intermodal traffic management systems, increasing commercial dronesí demand, growing demand for vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication and rising need of innovative smart parking management is expected to drive the growth of global traffic management market next few years.
About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: