The article cited AMA's Global Intelligent Traffic Systems Market Study explored substantial growth with CAGR of %. According the report, Integration of IoT, Big Data and Machine Learning in the Intelligent Traffic Systems
is one of the primary growth factors for the market. Rising Spendings on Automotive Industry Worldwide
is also expected to contribute significantly to the Intelligent Traffic Systems market. Overall, Public Transport
applications of Intelligent Traffic Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Kapsch TrafficCom AG (Austria), Swarco Holding (Austria), Siemens AG (Germany), Thales Group (France), IBM (United States), Sumitomo Electric Industries, Ltd. (Japan), TomTom N.V. (Netherlands), FLIR Systems (United States), Hitachi, Ltd. (Japan), Fujitsu Limited (Japan), EFKON GmbH (Austria), Huawei Technologies Co., Ltd (China) and Merit LILIN Ent. Co., Ltd. (China) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Intelligent Traffic Systems market identified that the demand is rising in many different parts of the world as "Growing Urbanisation Across the world will Boost the Intelligent Traffic Systems Market
". Furthermore, some recent industry insights like "On 17th October 2019, Location technology specialist, TomTom (TOM2), and Sumitomo Electric Industries, Ltd. announced a collaboration utilizing Sumitomo Electricís expertise in intelligent transport systems and TomTomís highly accurate real-time traffic data and high definition maps. Working together, the companies will create mobility solutions designed to improve road safety and traffic congestion." is constantly making the industry dynamic. One of the challenges that industry facing is "Problems Associated with the Traffic Data Management Due to the Connectivity and Other Complexities"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Intelligent Traffic Systems market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Intelligent Traffic Systems market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Intelligent Traffic Systems market tight? Which application/end-user category or Product Type [Integrated Urban Traffic Control System, Freeway Management System, Electronic Toll Collection (ETC), Advanced Public Transportation System and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Intelligent Traffic Systems market and other related sub-markets covered in the study.
o Key & emerging players in the Intelligent Traffic Systems market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Intelligent Traffic Systems market size is calculated using market estimation process, the Intelligent Traffic Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Intelligent Traffic Systems market size has been validated using both top-down and bottom-up approaches.