Scope of the Study
Traffic engineering software provides access to the user from anywhere in the world as it controls and monitors the real time data. It includes capacity analysis, data processing, demand modeling, network assignment, project management, and site analysis. This software are helping the professionals to be efficient and complete projects on time. Moreover, the computers and mini computers helps in data gathering and transfer as required.
The market study is being classified, by Application (Asset Management and maintenance, Safety Analytics, Traffic Data Management and Others) and major geographies with country level break-up.
IBM Corporation (United States), Cisco Systems Inc. (United States), Swarco AG (Austria), Siemens AG (Germany), Kapsch AG (Austria), Jenoptik AG (Germany), Q-free ASA (Norway), Flir systems Inc. (United States), LG (South Korea) and Accenture PLC (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TES (United States), AgileAssets (United States) and Brighton & Hove City Council (United Kingdom).
The market of Traffic management software market is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Traffic Engineering Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Traffic Engineering Software market by Type, Application and Region.
On the basis of geography, the market of Traffic Engineering Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Need to Avoid Traffic Congestion in Populated Areas
- Improved Journey Tome Provides by Traffic Management Systems
- Adoption on Technologies Such as AI and Augmented Reality
- Rising Focus of Different Governments to Reduce Road Accidents
- High Costs Associated with the Traffic Management Devices and System
- Increasing Investments by Government for Road Safety
- Rising Impact of Public Buildings, Stadiums, Airports on Traffic
- Rising Investments in Smart Cities
- Stiff Competition among the Major Players
Market Leaders and their expansionary development strategies
On 9th July 2019, Cisco has acquired Acasia which is a manufacturer and developer of high speed coherent optical interconnect products.
Key Target AudienceSoftware developers, Government associations, Research organizations, Enterprise software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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