Integrated traffic system (ITS) is a combination of information technology and communication with transportation infrastructure, which improves passenger safety and enhances the competence of the overall transport process. The system is designed to enable the optimization of traffic flow on existing roadways. The ITS system contains a database management system for traffic data (including accidents, roadway volumes, and signal timing details) and links this database to the traffic analysis programs.The integrated traffic system market is heavily influenced by driving factors such as increasing urbanization and car ownership, raising concerns related to public safety, advanced technologies in transportation infrastructure and regulatory frameworks and government policies to reduce carbon emissions. However, the lack of standards along with uniform technology and security-related issues associated with the traffic management systems are impacting negatively on the growth of this market in the current market scenario.
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Some Of The Leading Players In Global Integrated Traffic System Market:
7.Nuance Communications, Inc.
The global integrated traffic system market is segmented on the basis of hardware, sensors type and function. Based on hardware the market is segmented as display boards, sensors, surveillance cameras, radars, smart traffic lights and interface boards. On the basis of sensors type the market is segmented as infrared sensors, weigh-in motion sensors and acoustic Sensors. On the basis of function the market is segmented as traffic monitoring, traffic control and information provision.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global integrated traffic system market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Integrated traffic system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Integrated traffic system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the integrated traffic system market in these regions.
The reports cover key developments in the integrated traffic system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from integrated traffic system market are anticipated to lucrative growth opportunities in the future with the rising demand for Integrated traffic system in the global market. Below mentioned is the list of few companies engaged in the integrated traffic system market.
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