Traffic Management Market to Reach US$ 50.7 Billion Growing at CAGR 13.7% to 2023

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The Traffic Management Market is expected to grow from US$ 26.7 Billion in 2018 to US$ 50.7 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7%.

Europe is expected to hold the largest market share in 2018, while APAC is the fastest-growing region, in terms of CAGR. The increased urbanization has resulted in traffic congestions. High adoption of solutions to minimize congestions, along with better traffic management and control, has led to a wider demand of traffic management solutions in the APAC region.

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