Traffic Management Market Growth Drivers Challenges, Trends and Industry Dynamics, Forecast by 2029
Author : ajay londhe | Published On : 08 Nov 2023
Traffic Management Market report is a complete overview of the market that covers various aspects of product definition, market segmentation based on various parameters, and the existing vendor landscape. Company snapshot, geographical presence, product portfolio, and recent developments are taken into consideration for studying the company profiles. It gives key measurements, status of the manufacturers and is a significant source of direction for the businesses and organizations. Moreover, Traffic Management Market research report includes momentous data, current market trends, market environment, technological innovation, upcoming technologies, and the technical progress in the related industry.
Skilful capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to form the world-class Traffic Management Market business research report. To be successful in this competitive age, it is very imperative to get well-versed about the major happenings in this industry which is possible only with the excellent market report like this one. For research methodology, primary interviews with key opinion leaders, DBMR market position grid, and DBMR market challenge matrix, secondary sources, and assumptions are taken into account. The persuasive Traffic Management Market report aids in achieving an extreme sense of evolving industry movements before the competitors.
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.
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.
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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
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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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