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.

A Traffic Management Market  is a large, centralized repository of structured and unstructured data that can be accessed by a wide range of users and applications. It is designed to store data in its native format, meaning that data is not transformed or converted before being stored, which provides greater flexibility in data analysis.

Traffic Management Market report focused on the comprehensive analysis of current and prospects of the Traffic Management industry. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the Traffic Management market has been done to calculate the growth rates for each segment and sub-segments.

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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.

 

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.

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 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.

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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.

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The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Traffic Management market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Traffic Management market.

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

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