Traffic Management Market Global Analysis & 2025 Forecast Report Traffic Management Market Global Analysis & 2025 F | Page 2
Traffic Management Market to 2025
Introduction
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 person’s 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 drones’ 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.
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