The world class Traffic Management Market report is generated by keeping in mind all the necessities of the businesses required for achieving a successful business growth. This report predicts the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segments and application. Objectives of the marketing research are kept in mind while preparing this report. Market segmentation study is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing in the winning Traffic Management Market report.
The large scale Traffic Management Market report is an insightful and actionable market report which is always in demand by the businesses for the growth and success. The report also recognizes and analyses the growing trends along with major drivers, restraints, challenges and opportunities in the This industry. Market drivers, market restraints, opportunities and challenges are studied under the topic of market overview, which gives important insights to businesses for taking right moves. Furthermore, Traffic Management Market survey report presents a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin.
Data Bridge Market Research analyses that the traffic management market was valued at USD 35.40 billion in 2021 and is expected to reach the value of USD 102.41 billion by 2029, at a CAGR of 14.20% during the forecast period of 2022-2029.
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Key Players Mentioned in the Traffic Management Market Research Report:
Cisco Systems, Inc. (U.S.), SWARCO (Austria), Kapsch TrafficCom AG (Austria), Thales (France), Q-Free A.S.A. (Norway), PTV Planung Transport Verkehr GmbH (Germany), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), TomTom International B.V. (Netherlands), Alibaba Group Holding Limited (China), Huawei Technologies Co., Ltd. (China), TransCore (U.S.), Chevron Corporation (England), Oriux (U.S.), Invarion Inc.
The report provides an excellent overview of the main macroeconomic factors having a significant impact on the growth of the Traffic Management market. It also provides the absolute dollar opportunity analysis which can be crucial in identifying revenue generation and sales increasing opportunities in the Traffic Management market. Market players can use the qualitative and quantitative analysis provided in the report to get a good understanding of the Traffic Management market and make strong strides in the industry in terms of growth. The overall Traffic Management market size and that of each segment studied in the report are accurately calculated based on various factors.
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Global Traffic Management Market Dynamics
Drivers
high proliferation of big data and internet of things (IoT)
Big data analytics and the internet of things (IoT) are becoming increasingly important in smart traffic and smart cities. In traffic management, the Internet of Things (IoT) refers to smart, connected devices such as sensors, vehicle-mounted information systems, and even private mobile phones. These devices transmit data to a central system for analysis via the internet. Big data analysts analyse this information and use it to improve traffic management and vehicle flow. IoT technology devices, such as sensors and detectors distributed throughout the city and embedded in infrastructure, are used in smart cities for real-time analysis.
investments and initiatives by various governments and companies
The major factors driving the traffic management market are investments and initiatives by various governments and companies around the world to support the development of traffic control and management infrastructure. Proper traffic management systems not only help to reduce traffic congestion and fuel waste, but they also save commuters time and money by assisting them in planning their journey.
During the journey, traffic management systems provide on-demand services such as parking management and route finding applications, driving market growth.
Opportunity
Increasing urbanisation and rapid industrialization are driving the global traffic management system market, creating a pool of opportunities for traffic management system vendors. The number of on-road vehicles is rapidly increasing as the population grows, creating a demand for traffic management.
Based on Traffic Management Market Segmentations
Solution
Smart Signalling
Route Guiding
Traffic Analytics
Smart Surveillance
Hardware
Display Boards
Sensors
Surveillance Cameras
Others
Service
Consulting
Deployment and Integration
Support and Maintenance
System
Urban Traffic Management and Control (UTMC) System
Adaptive Traffic Control (ATC) System
Journey Time Management (JTM) System
Predictive Traffic Modelling (PTM) System
Incident Detection and Location (IDL) System
Dynamic Traffic Management (DTM) System
Global Traffic Management Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2022-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East Africa (South Africa, UAE and Saudi Arabia etc.)
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
Traffic Management Market : Key Questions Answered in the Report
-How has the rapidly evolving business environment become an important growth engine for the Traffic Management market?
-What are the underlying macroeconomic factors that impact the growth of the Traffic Management market?
-What are the key trends that constantly shape the growth of the Traffic Management market?
-What are the prominent regions that offer abundant opportunities for the Traffic Management market?
-What are the key differential strategies adopted by key players to control a significant part of the global market share?
Recent Development
In July 2021, Siemens launched Yunex, formally known as Siemens intelligent traffic system,. (ITS). This was launched under a new brand name and would have a clear business focus and freedom.
In May 2021, Q-Free developed kinetic CV, the most recent connected and autonomous vehicle (CAV) data solution. This is a cutting-edge single dashboard for traffic management platforms.
Huawei and its partners created intelligent and connected vehicles for China in January 2021. The nation intends to make their travel easy and secure. A vehicle by the name of X-Bus is connected to a network for traffic management. Everything that occurs on the test road would be visible to this, and it would make decisions.
Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Traffic Management market circumstances on a regional and country-by-country basis.
- The Traffic Management market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Traffic Management market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Table of Contents
- Part 01: Executive Summary
- Part 02: Scope of the Traffic Management Market Report
- Part 03: Traffic Management Market Landscape
- Part 04: Traffic Management Market Sizing
- Part 05: Traffic Management Market Segmentation By Product
- Part 06: Five Forces Analysis
- Part 07: Customer Landscape
- Part 08: Geographic Landscape
- Part 09: Decision Framework
- Part 10: Drivers and Challenges
- Part 11: Market Trends
- Part 12: Vendor Landscape
- Part 13: Vendor Analysis
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