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.

Traffic Management Market is the supreme market report that conducts industry analysis on products, markets, companies, industries and many countries worldwide. The report analyses market information related to specific stock, currency, commodity and geographic region or country. This business report deals with numerous parameters in detail to suit the requirements of business or clients. These parameters range from latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights to innovation. All of these are estimated and analyzed by a team of innovative, enthusiastic, and motivated researchers and analysts so that nothing lefts uncovered in the winning Traffic Management report.

Market drivers, market restraints, opportunities and challenges are evaluated in the large scale Traffic Management Market report under market overview which gives helpful insights to businesses for taking right moves. This market document is a great source of information for the major happenings and industry insights which supports to thrive in this competitive age. The report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Moreover, estimation of strategic options, suggestions of winning action plans and support to make critical bottom-line decisions is also provided by experienced and innovative industry experts.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-traffic-management-market

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.

 

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

 

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.

Restraints

The lack of standardised and uniform technologies and the transition of legacy infrastructure to smart traffic solutions will act as market restraints during the forecasted period. The most significant challenges to the growth of the traffic management market are security threats and hackers.

This traffic management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the traffic management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Read Detailed Index of full Research Study @ : https://www.databridgemarketresearch.com/reports/global-traffic-management-market

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

 

Geographic Segment Covered in the Report:

The countries covered in the Traffic Management Market report are U.S., Canada and Mexico in North America, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.

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 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.

Make an Enquiry before Buying@: https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-traffic-management-market

Key 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

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ : https://www.databridgemarketresearch.com/toc/?dbmr=global-traffic-management-market

Top Trending Reports by DBMR:

https://www.databridgemarketresearch.com/reports/global-drive-shaft-market

https://www.databridgemarketresearch.com/reports/global-automotive-in-cabin-air-quality-market

https://www.databridgemarketresearch.com/reports/global-software-defined-anything-market

https://www.databridgemarketresearch.com/reports/global-image-recognition-ai-camera-market

https://www.databridgemarketresearch.com/reports/global-thyristor-discrete-semiconductor-market

https://www.databridgemarketresearch.com/reports/global-heterogeneous-networks-market

https://www.databridgemarketresearch.com/reports/global-box-security-market

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies ly and have a network of more than 5000+ clientele around the globe. Our coverage of industries includes

Contact Us

US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com