Fri. Jun 18th, 2021

The global traffic management market size is expected to grow from USD 30.6 billion in 2019 to USD 57.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13% during the forecast period. Traffic management integrates and coordinates the flow of traffic in various regions for the ease of commuters, i.e., vehicles as well as pedestrians. It helps develop better transportation as well as transport infrastructure. It also helps reduce traffic congestions and promotes a regulated flow of traffic. It is an economic and fuel-efficient solution. Traffic management also helps reduce carbon emissions from vehicles, thus providing an environment-friendly traffic solution. 

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Traffic Management Market Segments

By Component:

  • Solutions
  • Hardware
  • Services

By Solution:

  • Smart Signaling
  • Route Guidance and Route Optimization
  • Traffic Analytics
  • Smart Surveillance

By Hardware:

  • Display Boards
  • Sensors
  • Surveillance Cameras
  • Others (Traffic Controller and Intelligent Traffic Controller)

By Service:

  • Consulting
  • Integration and Deployment
  • Support and Maintenance

By System:

  • Urban Traffic Management and Control (UTMC)
  • Adaptive Traffic Control System (ATCS)
  • Journey Time Measurement System (JTMS)
  • Predictive Traffic Modeling System (PTMS)
  • Incident Detection and Location System (IDLS)
  • Dynamic Traffic Management System (DTMS)

Key Market Players 

  • Accenture plc
  • AmdocsCorporation
  • Cerillion
  • Comarch SA.
  • CSG Systems International, Inc.
  • Formula Telecom Solutions Ltd.
  • HP Development Company, L.P.
  • Huawei Technologies Co., Ltd.
  • Intracom Telecom
  • Mahindra Comviva
  • Netcracker Technology Corp.
  • Openet Corporation
  • Optiva, Inc.
  • Oracle Corporation
  • SAP SE
  • Sterlite Tech
  • Subex Limited
  • Telefonaktiebolaget LM Ericsson 

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Traffic Management Market Report

  • What was the Traffic Management Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
  • What will be the CAGR of Traffic Management Market during the forecast period (2021-2027)?
  • Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
  • Which manufacturer/vendor/players in the Traffic Management Market was the market leader in 2018?
  • Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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By mukati