Market Highlights
Current technologies in traffic management market incorporate wireless charging sensors, IOT based ITS, weather monitoring solutions, integrated machine learning, IOT for autonomous vehicles, integrated toll management systems, ITS for connected vehicles, and more.
The global market for traffic management is expected to witness 20 % CAGR over the forecast period (2017-2023). Over the past few years, traffic management has undergone changes regarding technologies being used. Traffic management is one of the significant branches in logistics which comprises services like purchasing and controlling transport services, planning and reducing the density of traffic. Traffic management system provides real-time data and the ability to respond immediately.
Growth in airline traffic control volume is one of the major factors driving the market growth. The market is itself in its growth stage owing to the development and inventions of new traffic management system which is slowly replacing the outdated technology. With the increasing demand for metro railways due to rapid urbanization, the railway traffic management market will grow at a steady pace. Increasing urbanization, increasing public concern for safety, and government initiative to modify the traffic infrastructure are the key drivers fuelling the growth of this market.
Regional Analysis:
Geographically, the traffic management market has been segmented into North America, Europe, Asia Pacific, and Rest-of-the-World.
Owing to the adoption of smart traffic management software, Europe has been projected to hold the largest market share. For better traffic management, this region has adopted software such as route guidance and smart signaling. Large-scale investment in smart city and smart transportation projects along with need for better traffic management and control mechanism are the major factors driving the market in Europe.
Due to increasing traffic congestion and measures adopted to minimize such congestion, Asia Pacific has been anticipated to show the fastest growth rate over the forecast period. Moreover, with support from the government like Smart City initiatives in China and India are also anticipated to be major factors driving the growth of the market.
Segmentation:
The global market for traffic management has been segmented on the basis of component, systems, and region.
The market for traffic management has been segmented into hardware, software, and service based on component. Hardware has been further segmented into display boards, sensors, surveillance cameras, and others. Software has been segmented into smart signaling, route guidance, traffic analytics, and smart surveillance. Service has been further segmented into consulting, deployment and integration and support and maintenance.
Based on systems, the market has been segmented into Urban Traffic Management and Control System (UTMC), Adaptive Traffic Control System (ATCS), Journey Time Measurement System (JTMS), Predictive Traffic Modelling System (PTMS), Incident Detection and Location System (IDLS), and Dynamic Traffic Management System (DTMS).
Competition Analysis
The key players operating the global market for traffic management are Atkins Group (U.K.), Accenture PLC (Ireland), Cellint (Israel), Citilog (France), Cisco Systems Inc. (U.S.), and more. Cellint Traffic Solutions has announced that they have signed an agreement with Rogers Communication to launch a traffic information service country-wide in Canada.
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Market HighlightsIn this rapidly changing world of technology, device as a service market is projected to show major growth prospects during the forecast period.
Major factor driving the device as a service market is the increasing demand for smart office solutions.
Predictability is another major factor responsible for fueling the growth of device as a service market.The global Device as a Service Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.
Increasing demand for increased and centralized security is expected to be another major factor responsible for driving the growth of device as a service market.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/4486In the global device as a service market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions.
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The organization size segment is bifurcated into small and medium sized enterprises and larges enterprises.
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The report on the Global Blockchain in Security Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Market synopsisGlobal Blockchain in Security market is expected to grow from USD 178.37 million in 2017 to USD 1572.46 million by 2023, at a CAGR of 43.73% during the forecast period.Blockchain technology is one of the most disruptive technologies of the decade that is widely being adopted across various industrial verticals.
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The Global IoT Integration Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the IoT Integration Market in each key region of the world.
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Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the IoT Integration Market.The global Internet of Things (IoT) integration market size was USD 1.29 Billion in 2019 and is expected to reach USD 8.21 Billion by 2027, at a CAGR of 27.4% during the forecast period.
The global Human Centric Lighting Market is forecasted to be worth USD 7,641.9 Million by 2027, according to a current analysis by Emergen Research.
The global Human Centric Lighting market report discusses in detail the revenue and cost profit analysis of the prominent players of the market.The growing smart LED lighting adoption in the retail, commercial, and residential sectors is forecasted to propel the human-centric lighting market during the forecast period.
Several companies' strategy to make more of their goods human-centered, adapting to the specific needs of human sociology and psychology, is another key driver for the progress of the human-centric lighting industry.As per Accenture plc, companies need to move from a product-focused strategy towards a human-centric approach to build smart home solutions; this technique can also be applied for all other industries.
Moreover, this approach can connect wirelessly and relay data and information, which can assist with incorporating IoT to minimize traffic congestions, which is anticipated to further augment the market growth during the forecast timeframe.Get a sample of the report: https://www.emergenresearch.com/request-sample/234In April 2019, Glamox SA acquired Luxonic Lighting PLC, a UK based lighting company.
Hardware modules, including fixtures & controls, are achieving tremendous growth due to numerous technological advancements and functional benefits.The growing adoption of IoT-enabled lighting solutions and the rising use of smart LED lighting systems for wireless connectivity is driving the demand for the market.
Human Centric Lighting Market Size – USD 795.0 Million in 2019, Market Growth - CAGR of 34.3%, Market Trends – The rise in the application of this technology to reduce traffic congestions.Key participants include Osram Licht AG, ES-System SA, Arcluce S.p.A., Koninklijke Philips NV, Fagerhult AB, Zumtobel AG, Glamox AS, Hubbell Inc., The Zumtobel Group, and Legrand SA among others.Type Outlook (Revenue, USD Million; 2017-2027)SoftwareHardwareInstallation Outlook (Revenue, USD Million; 2017-2027)RetrofitNewEnd-Use Outlook (Revenue, USD Million; 2017-2027)ResidentialIndustrialRetailHealthcareEducationCommercialGlobal Human Centric Lighting Market research report by Emergen Research offers strategic insights into the Human Centric Lighting business sphere and in-depth analysis of the industrial chain analysis, value chain analysis, upstream raw materials, investment strategies, regional expansions, and competitive landscape.
