The traffic management system market is forecast to grow from USD 4.12 billion in 2015 to USD 17.64 billion by 2020, at a compound annual growth rate (CAGR) of 33.8 per cent during the forecast period (2015 - 2020), according to the latest research report by Markets and Markets. Increasing environmental concerns, rapid urbanisation and population explosion, and demand for real-time information are the main drivers driving the growth of the traffic management system market.
In 2015, parking space and toll