Traffic Management Market

Traffic Management Market by Solution (Smart Signaling, Route Guidance and Route Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Service, System and Region - Global Forecast to 2024

Report Code: TC 2593 Feb, 2020, by marketsandmarkets.com
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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 13.6% 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.

Traffic Management Market

By component, the services segment to grow at the highest CAGR during the forecast period

Increasing adoption of the latest traffic management systems powered with technologies, such as Artificial Intelligence (AI) and Internet of Things (IoT), foster the need for effective deployment of traffic management systems and solutions. Vendors in the traffic management market offer several services, including design and consulting, system integration and deployment, and support and maintenance. These services help clients in many aspects, including fast solutions deployment, tailored maintenance services, or innovative digital services. Traffic management solutions include both hardware and software, and they need continuous support as software are constantly updated and hardware needs maintenance with time. These factors are expected to increase the growth of services in the traffic management market.

By hardware, the surveillance cameras segment to hold the largest market size during the forecast period

Cameras require intelligent capabilities to make decisions related to traffic conditions. They are mounted on the top of traffic signals or placed along the busiest roads, intersections, and highways. Surveillance cameras help perform traffic management-related activities, such as monitoring of traffic flow and identifying violations. They enable operators to detect and verify incidents based on real-time monitoring and evaluation, thus providing information on traffic conditions based on the information gathered. There are two major types of surveillance cameras: Internet Protocol (IP) Camera and Analog Cameras. IP cameras combine the capabilities of a camera with some Personal Computer (PC) functionality, which does not require a direct connection to a PC to operate, and can be placed anywhere within a network. Just like any other PC on the network, an IP camera is a network appliance. It has its IP address, connects directly to a wired or wireless network, and requires maintenance. Analog cameras are the most conventional cameras and one of the most important components used in analog video surveillance systems. The existing cameras offered by the manufacturers have a robust mechanical build, wide dynamic range, and motion detection system. These cameras are designed with the ability to match a wide range of indoor and outdoor installation environments.

Traffic Management Market

By region, North America to hold the second-largest market size during the forecast period

North America is expected to have the second-largest market size in the traffic management market. There are several traffic management projects currently underway in the region, and with advancements in Information and Communication Technology (ICT), traffic management systems are now equipped to reduce congestion, provide real-time information, avoid incidents, enforce speed and traffic rules, and reduce revenue leakages. Smart Parking Project Montreal, Canada; Elizabeth River Tunnels Project, US; Elgin O’Hare Western Access Project, US; Johnson County Gateway Interchange Project Kansas, US; and Inuvik To Tuktoyaktuk Highway Project, Canada are some of the ongoing traffic management projects in this region. North America leads in terms of early adoption of traffic management solutions. The North American organizations have adopted and implemented numerous traffic management projects on a large scale in this region.

Key Market Players

Major vendors in the traffic management market include Accenture (Ireland), Cellint (Israel), Cisco (US), Citilog (France), Cubic Corporation (US), EFKON (Austria), Esri (US), FLIR Systems (US), Garmin (Switzerland), IBM (US), Indra Sistemas (Spain), IMTAC (Oman), IntelliVision (US), Iteris (US), Global Traffic Technologies (US), Jenoptik (Germany), Kapsch TrafficCom (Austria), Lanner Electronics (Taiwan), LG CNS (South Korea), Metro Infrasys (India), PTV (Germany), Q-Free (Norway), Siemens (Germany), SWARCO (Austria), TransCore (US), Savari (US), Dahua Technology (China), Telegra Europe (Croatia), Telit (UK), Huawei (China), International Road Dynamics (Canada ), Rapid Flow Technologies (US), Advance Access (Ireland), Advantech (Taiwan), Redflex (Australia), TRL Software (England), INRIX (England), and TomTom (Netherland).

Scope of the report:

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

USD Billion

Segments covered

Components (solutions, hardware, and services), Solutions (smart signaling, route guidance and route optimization, traffic analytics, and smart surveillance), hardware (display boards, sensors, surveillance cameras, and others), services (consulting, integration and deployment, and support and maintenance), systems (UTMC, ATCS, JTMS, PTMS, IDLS, and DTMS)

Geographies covered

North America, APAC, Europe, MEA, and Latin America

Companies covered

Accenture (Ireland), Cellint (Israel), Cisco (US), Citilog (France), Cubic Corporation (US), EFKON (Austria), Esri (US), FLIR Systems (US), Garmin (Switzerland), IBM (US), Indra Sistemas (Spain), IMTAC (Oman), IntelliVision (US), Iteris (US), Global Traffic Technologies (US), Jenoptik (Germany), Kapsch TrafficCom (Austria), Lanner Electronics (Taiwan), LG CNS (South Korea), Metro Infrasys (India), PTV (Germany), Q-Free (Norway), Siemens (Germany), SWARCO (Austria), TransCore (US), Savari (US), Dahua Technology (China), Telegra Europe (Croatia), Telit (UK), Huawei (China), International Road Dynamics (Canada ), Rapid Flow Technologies (US), Advance Access (Ireland), Advantech (Taiwan), Redflex (Australia), TRL Software (England), INRIX (England), and TomTom (Netherland).

The research report categorizes the traffic management market based on solutions, hardware, services, systems, and regions.

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)

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Recent Developments:

  • In August 2019, SWARCO collaborated with a British construction and engineering firm, Costain, to develop new road message signs in the UK.
  • In October 2019, Iteris signed an agreement with Cisco to become the latter’s solution technology integrator partner for the Cisco transportation IoT solutions segment. Through the agreement, Iteris will integrate Cisco’s hardware and software into its smart transportation solutions.
  • In October 2018, Kapsch TrafficCom partnered with OMV Aktiengesellschaft for the provision of a standardized European Electronic Toll Service (EETS) for trucks.

Key questions addressed by the report:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry solutions in the traffic management market?
  • Which are the major factors expected to drive the market?
  • Which region would offer high growth for vendors in the market?
  • What are the opportunites in the global traffic management market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 22)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
           1.2.2 Market Segmentation
    1.3 Years Considered for the Study
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 27)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Methodology
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 38)

4 Premium Insights (Page No. - 43)
    4.1 Attractive Opportunities in the Traffic Management Market
    4.2 Traffic Management Market, By Component, 2019–2024
    4.3 Market By Solution, 2019–2024
    4.4 Market By Hardware, 2019–2024
    4.5 Market By Service, 2019-2024
    4.6 Market By System, 2019-2024
    4.7 Traffic Management Market Share Across Countries, 2019
    4.8 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 47)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Urban Population and High Demographic Rates
                    5.2.1.2 Growing Government Initiatives for Traffic Management Across Cities
                    5.2.1.3 Rising Need for Real-Time Traffic Information Systems
                    5.2.1.4 Regulatory Frameworks and Government Policies to Reduce Global Carbon Emissions
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardized and Uniform Technologies
                    5.2.2.2 Recovering Roi From Legacy Systems
           5.2.3 Opportunities
                    5.2.3.1 Emergence of IoT and Sensor Technologies in Traffic Management
                    5.2.3.2 Penetration of Analytics in Traffic Management Network Systems
           5.2.4 Challenges
                    5.2.4.1 Multiple Sensors and Touchpoints Pose Data Fusion Challenges
                    5.2.4.2 Security Threats and Hackers Challenge the Growth of the Market
                    5.2.4.3 Low Penetration of Dsrc Protocol
    5.3 Traffic Management Projects
           5.3.1 Smart City Bhubaneswar, India
           5.3.2 Cavite-Laguna Expressway (Calax), Philippines
           5.3.3 Sheikh Jaber Al-Ahmed Al-Sabah Causeway, Kuwait
           5.3.4 Vilnius Traffic Management System, Lithuania
           5.3.5 Thompsons Roadways Project, Melbourne, Australia
           5.3.6 Elizabeth River Tunnels Project, United States
           5.3.7 Inuvik to TuKToyaKTuk Highway Projects, Canada
           5.3.8 Cost Road Junction Upgrade, United Kingdom
           5.3.9 Smart City Kochi, India
    5.4 Traffic Management: Ecosystem
    5.5 Use Cases
    5.6 Global Traffic Index

6 Traffic Management Market, By Component (Page No. - 57)
    6.1 Introduction
    6.2 Solutions
    6.3 Hardware
    6.4 Services

7 Traffic Management Market, By Solution (Page No. - 62)
    7.1 Introduction
    7.2 Smart Signaling
           7.2.1 Smart Signaling: Market Drivers
    7.3 Route Guidance and Route Optimization
           7.3.1 Route Guidance and Route Optimization: Market Drivers
    7.4 Traffic Analytics
           7.4.1 Traffic Analytics: Market Drivers
    7.5 Smart Surveillance
           7.5.1 Smart Surveillance: Market Drivers
           7.5.2 Video Management Software
           7.5.3 Video Management Software: Market Drivers
           7.5.4 Video Analytics
                    7.5.4.1 Video Analytics, By Application
                               7.5.4.1.1 Automatic Number Plate Recognition
                               7.5.4.1.2 Facial Recognition
                               7.5.4.1.3 Pedestrian Detection
                               7.5.4.1.4 Incident Detection

8 Traffic Management Market, By Hardware (Page No. - 74)
    8.1 Introduction
    8.2 Display Boards
           8.2.1 Display Boards: Market Drivers
           8.2.2 Multifunctional Boards
           8.2.3 Vehicle Detection Boards
           8.2.4 Communication Boards
    8.3 Sensors
           8.3.1 Sensors: Market Drivers
           8.3.2 Vehicle Detection Sensors
           8.3.3 Pedestrian Presence Sensors
           8.3.4 Speed Sensors
    8.4 Surveillance Cameras
           8.4.1 Surveillance Cameras: Market Drivers
           8.4.2 Internet Protocol Cameras
           8.4.3 Analog Cameras
    8.5 Others

9 Traffic Management Market, By Service (Page No. - 86)
    9.1 Introduction
    9.2 Consulting
           9.2.1 Consulting: Market Drivers
    9.3 Deployment and Integration
           9.3.1 Integration and Deployment: Market Drivers
    9.4 Support and Maintenance
           9.4.1 Support and Maintenance: Market Drivers

10 Traffic Management Market, By System (Page No. - 91)
     10.1 Introduction
     10.2 Urban Traffic Management and Control
             10.2.1 Urban Traffic Management and Control: Market Drivers
     10.3 Adaptive Traffic Control System
             10.3.1 Adaptive Traffic Control System: Market Drivers
     10.4 Journey Time Measurement System
             10.4.1 Journey Time Measurement System: Market Drivers
     10.5 Predictive Traffic Modeling System
             10.5.1 Predictive Traffic Modeling System: Market Drivers
     10.6 Incident Detection and Location System
             10.6.1 Incident Detection and Location System: Market Drivers
     10.7 Dynamic Traffic Management System
             10.7.1 Dynamic Traffic Management System: Market Drivers

11 Traffic Management Market, By Region (Page No. - 102)
     11.1 Introduction
     11.2 North America
             11.2.1 North America: Market Drivers
             11.2.2 United States
             11.2.3 Canada
     11.3 Europe
             11.3.1 Europe: Traffic Management Market Drivers
             11.3.2 United Kingdom
             11.3.3 Germany
             11.3.4 France
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Asia Pacific: Market Drivers
             11.4.2 Australia and New Zealand
             11.4.3 China
             11.4.4 Japan
             11.4.5 Singapore
             11.4.6 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East and Africa: Traffic Management Market Drivers
             11.5.2 Israel
             11.5.3 Qatar
             11.5.4 United Arab Emirates
             11.5.5 South Africa
             11.5.6 Rest of Middle East and Africa
     11.6 Latin America
             11.6.1 Latin America: Market Drivers
             11.6.2 Brazil
             11.6.3 Mexico
             11.6.4 Rest of Latin America

12 Competitive Landscape (Page No. - 137)
     12.1 Competitive Leadership Mapping
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Strength of Product Portfolio
     12.3 Business Strategy Excellence
     12.4 Ranking of Key Players for the Traffic Management Market, 2019

13 Company Profiles (Page No. - 142)
     13.1 Introduction
(Business Overview, Services, Solutions , Inorganic & Organic Growth, Key Insights, Recent Developments, SWOT Analysis,)*
     13.2 Cisco
     13.3 SWARCO
     13.4 Siemens
     13.5 IBM
     13.6 Kapsch TrafficCom
     13.7 LG CNS
     13.8 Indra Sistemas
     13.9 Cubic
     13.10 Accenture
     13.11 Iteris
     13.12 Cellint
     13.13 Metro Infrasys
     13.14 Gtt
     13.15 Jenoptik
     13.16 FLIR
     13.17 Esri
     13.18 PTV
     13.19 IntelliVision
     13.20 Transcore
     13.21 IMTAC
     13.22 Garmin
     13.23 EFKON
     13.24 Lanner Electronics
     13.25 Citilog
     13.26 Q-Free
     13.27 Savari
     13.28 Dahua Technology
     13.29 Telegra Europe
     13.30 Chetu
     13.31 Telit
     13.32 Huawei
     13.33 International Road Dynamics
     13.34 Rapid Flow Technologies
     13.35 Advance Access
     13.36 Advantech
     13.37 Redflex
     13.38 TRL Software
     13.39 INRIX
     13.40 Tomtom
*Details on Business Overview, Services, Solutions , Inorganic & Organic Growth, Key Insights, Recent Developments, SWOT Analysis, Might Not be Captured in Case of Unlisted Companies.
     13.41 Right-To-Win

14 Appendix (Page No. - 205)
     14.1 Previous Developments
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customization
     14.5 Related Reports
     14.6 Author Details


List of Tables (114 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2019
Table 2 Factor Analysis
Table 3 Public-Private Partnership Model Highlights (2010–2018)
Table 4 Public-Private Partnership in Transport Infrastructure Projects
Table 5 Traffic Management use Cases in Smart Cities
Table 6 Top 10 Congested Cities Worldwide
Table 7 Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 8 Component: Market Size, By Region, 2017-2024 (USD Million)
Table 9 Solutions: Market Size, By Region, 2017-2024 (USD Million)
Table 10 Hardware: Market Size, By Region, 2017-2024 (USD Million)
Table 11 Services: Market Size, By Region, 2017-2024 (USD Million)
Table 12 Traffic Management Market Size, By Solution, 2017-2024 (USD Million)
Table 13 Smart Signaling Market Size, By Region, 2017-2024 (USD Million)
Table 14 Route Guidance and Route Optimization Market Size, By Region, 2017-2024 (USD Million)
Table 15 Traffic Analytics Market Size, By Region, 2017-2024 (USD Million)
Table 16 Smart Surveillance: Market Size, By Type, 2017-2024 (USD Million)
Table 17 Smart Surveillance: Market Size, By Region, 2017-2024 (USD Million)
Table 18 Video Management Software Market Size, By Region, 2017-2024 (USD Million)
Table 19 Video Analytics Application: Market Size, By Type, 2017-2024 (USD Million)
Table 20 Video Analytics Application: Market Size, By Region, 2017-2024 (USD Million)
Table 21 Automatic Number Plate Recognition Market Size, By Region, 2017-2024 (USD Million)
Table 22 Facial Recognition Market Size, By Region, 2017-2024 (USD Million)
Table 23 Pedestrian Detection Market Size, By Region, 2017-2024 (USD Million)
Table 24 Incident Detection Market Size, By Region, 2017-2024 (USD Million)
Table 25 Traffic Management Market Size, By Hardware, 2017-2024 (USD Million)
Table 26 Hardware: Market Size, By Region, 2017-2024 (USD Million)
Table 27 Display Boards: Market Size, By Type, 2017-2024 (USD Million)
Table 28 Display Boards: Market Size, By Region, 2017-2024 (USD Million)
Table 29 Multifunctional Boards Market Size, By Region, 2017-2024 (USD Million)
Table 30 Vehicle Detection Boards Market Size, By Region, 2017-2024 (USD Million)
Table 31 Communication Boards Market Size, By Region, 2017-2024 (USD Million)
Table 32 Sensors: Market Size, By Type, 2017-2024 (USD Million)
Table 33 Sensors: Traffic Management Market Size, By Region, 2017-2024 (USD Million)
Table 34 Vehicle Detection Sensors Market Size, By Region, 2017-2024 (USD Million)
Table 35 Pedestrian Presence Sensors Market Size, By Region, 2017-2024 (USD Million)
Table 36 Speed Sensors Market Size, By Region, 2017-2024 (USD Million)
Table 37 Surveillance Cameras: Market Size, By Type, 2017-2024 (USD Million)
Table 38 Surveillance Cameras: Market Size, By Region, 2017-2024 (USD Million)
Table 39 Internet Protocol Cameras Market Size, By Region, 2017-2024 (USD Million)
Table 40 Analog Cameras Market Size, By Region, 2017-2024 (USD Million)
Table 41 Others Market Size, By Region, 2017-2024 (USD Million)
Table 42 Traffic Management Market Size, By Service, 2017-2024 (USD Million)
Table 43 Consulting: Market Size, By Region, 2017-2024 (USD Million)
Table 44 Deployment and Integration Market Size, By Region, 2017-2024 (USD Million)
Table 45 Support and Maintenance Market Size, By Region, 2017-2024 (USD Million)
Table 46 Market Size, By System, 2017-2024 (USD Million)
Table 47 Systems: Market Size, By Region, 2017-2024 (USD Million)
Table 48 Urban Traffic Management and Control: Market Size, By Region, 2017-2024 (USD Million)
Table 49 Adaptive Traffic Control System: Market Size, By Region, 2017-2024 (USD Million)
Table 50 Journey Time Measurement System: Market Size, By Region, 2017-2024 (USD Million)
Table 51 Predictive Traffic Modeling System: Market Size, By Region, 2017-2024 (USD Million)
Table 52 Incident Detection and Location System: Market Size, By Region, 2017-2024 (USD Million)
Table 53 Dynamic Traffic Management System: Market Size, By Region, 2017-2024 (USD Million)
Table 54 Traffic Management Market Size, By Region, 2017-2024 (USD Million)
Table 55 Traffic Scorecard: North America
Table 56 North America: Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 57 North America: Market Size, By Hardware, 2017-2024 (USD Million)
Table 58 North America: Market Size, By Display Board Type, 2017-2024 (USD Million)
Table 59 North America: Market Size, By Surveillance Camera, 2017-2024 (USD Million)
Table 60 North America: Market Size, By Sensor, 2017-2024 (USD Million)
Table 61 North America: Market Size, By Solution, 2017-2024 (USD Million)
Table 62 North America: Market Size, By Smart Surveillance, 2017-2024 (USD Million)
Table 63 North America: Market Size, By Video Analytics, 2017-2024 (USD Million)
Table 64 North America: Market Size, By Service, 2017-2024 (USD Million)
Table 65 North America: Market Size, By System, 2017-2024 (USD Million)
Table 66 North America: Market Size, By Country, 2017-2024 (USD Million)
Table 67 Traffic Scorecard: Europe
Table 68 Europe: Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 69 Europe: Market Size, By Hardware, 2017-2024 (USD Million)
Table 70 Europe: Market Size, By Display Board Type, 2017-2024 (USD Million)
Table 71 Europe: Market Size, By Surveillance Camera, 2017-2024 (USD Million)
Table 72 Europe: Market Size, By Sensor, 2017-2024 (USD Million)
Table 73 Europe: Market Size, By Solution, 2017-2024 (USD Million)
Table 74 Europe: Market Size, By Smart Surveillance, 2017-2024 (USD Million)
Table 75 Europe: Market Size, By Video Analytics, 2017-2024 (USD Million)
Table 76 Europe: Market Size, By Service, 2017-2024 (USD Million)
Table 77 Europe: Market Size, By System, 2017-2024 (USD Million)
Table 78 Europe: Market Size, By Country, 2017-2024 (USD Million)
Table 79 Traffic Scorecard: Asia Pacific
Table 80 Asia Pacific: Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 81 Asia Pacific: Market Size, By Hardware, 2017-2024 (USD Million)
Table 82 Asia Pacific: Market Size, By Display Board Type, 2017-2024 (USD Million)
Table 83 Asia Pacific: Market Size, By Surveillance Camera, 2017-2024 (USD Million)
Table 84 Asia Pacific: Market Size, By Sensor, 2017-2024 (USD Million)
Table 85 Asia Pacific: Market Size, By Solution, 2017-2024 (USD Million)
Table 86 Asia Pacific: Market Size, By Smart Surveillance, 2017-2024 (USD Million)
Table 87 Asia Pacific: Market Size, By Video Analytics, 2017-2024 (USD Million)
Table 88 Asia Pacific: Market Size, By Service, 2017-2024 (USD Million)
Table 89 Asia Pacific: Market Size, By System, 2017-2024 (USD Million)
Table 90 Asia Pacific: Market Size, By Country, 2017-2024 (USD Million)
Table 91 Traffic Scorecard: Middle East and Africa
Table 92 Middle East and Africa: Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 93 Middle East and Africa: Market Size, By Hardware, 2017-2024 (USD Million)
Table 94 Middle East and Africa: Market Size, By Display Board Type, 2017-2024 (USD Million)
Table 95 Middle East and Africa: Market Size, By Surveillance Camera, 2017-2024 (USD Million)
Table 96 Middle East and Africa: Market Size, By Sensor, 2017-2024 (USD Million)
Table 97 Middle East and Africa: Market Size, By Solution, 2017-2024 (USD Million)
Table 98 Middle East and Africa: Market Size, By Smart Surveillance, 2017-2024 (USD Million)
Table 99 Middle East and Africa: Market Size, By Video Analytics, 2017-2024 (USD Million)
Table 100 Middle East and Africa: Market Size, By Service, 2017-2024 (USD Million)
Table 101 Middle East and Africa: Market Size, By System, 2017-2024 (USD Million)
Table 102 Middle East and Africa: Market Size, By Country, 2017-2024 (USD Million)
Table 103 Traffic Scorecard: Latin America
Table 104 Latin America: Traffic Management Market Size, By Component, 2017-2024 (USD Million)
Table 105 Latin America: Market Size, By Hardware, 2017-2024 (USD Million)
Table 106 Latin America: Market Size, By Display Board Type, 2017-2024 (USD Million)
Table 107 Latin America: Market Size, By Surveillance Camera, 2017-2024 (USD Million)
Table 108 Latin America: Market Size, By Sensor, 2017-2024 (USD Million
Table 109 Latin America: Market Size, By Solution, 2017-2024 (USD Million)
Table 110 Latin America: Market Size, By Smart Surveillance, 2017-2024 (USD Million)
Table 111 Latin America: Market, By Video Analytics, 2017-2024 (USD Million)
Table 112 Latin America: Market Size, By Service, 2017-2024 (USD Million)
Table 113 Latin America: Market Size, By System, 2017-2024 (USD Million)
Table 114 Latin America: Market Size, By Country, 2017-2024 (USD Million)
 
 
List of Figures (56 Figures)
 
Figure 1 Traffic Management Market: Research Design
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Solutions/Services of the Market
Figure 3 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply Side): Collective Revenue of All Solutions/ Services of Traffic Management Market
Figure 4 Market Size Estimation Methodology: Approach 2 Top-Down (Demand Side): Share of Traffic Management Through the Overall Hardware, Applications, and Services
Figure 5 Competitive Leadership Mapping: Criteria Weightage
Figure 6 Market Size, 2017-2024
Figure 7 Fastest-Growing Segments in the Market, 2019
Figure 8 Traffic Management Market: Regional Analysis, 2019
Figure 9 Emergence of Smart Applications to Offer Attractive Opportunities to Traffic Management Vendors
Figure 10 Hardware Segment to Hold the Highest Market Share in 2019
Figure 11 Smart Signalling Segment to Hold the Highest Market Share in 2019
Figure 12 Surveillance Cameras Segment to Hold the Highest Market Share During the Forecast Period
Figure 13 Deployment and Integration Segment to Hold the Highest Market Share During the Forecast Period
Figure 14 Journey Time Measurement System Segment to Hold the Highest Market Share in 2019
Figure 15 Qatar to Hold the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific to Emerge as the Best Market for Investments During the Forecast Period
Figure 17 Traffic Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Increasing Population and Urbanization
Figure 19 Manmade Co2 Emissions From Various Industries
Figure 20 Traffic Management Ecosystem
Figure 21 Solutions Segment to Hold the Largest Market Size By 2024
Figure 22 Route Guidance and Route Optimization Segment to Hold the Largest Market Size By 2024
Figure 23 Video Analytics Applications
Figure 24 Surveillance Cameras Segment to Hold the Largest Market Size During the Forecast Period
Figure 25 Deployment and Integration Segment to Hold the Largest Market Size During the Forecast Period
Figure 26 Incident Detection and Location System Segment to Hold the Largest Market Size By 2024
Figure 27 Urban Traffic Management and Control System
Figure 28 Adaptive Traffic Control System
Figure 29 Structure of Journey Time Measurement System
Figure 30 Europe to Hold the Largest Market Size During the Forecast Period
Figure 31 North America: Country-Wise Analysis
Figure 32 Europe: Country-Wise Analysis
Figure 33 Europe: Market Snapshot
Figure 34 Asia Pacific: Country-Wise Analysis
Figure 35 Asia Pacific: Market Snapshot
Figure 36 Traffic Management Market (Global), Competitive Leadership Mapping, 2019
Figure 37 Ranking of Key Players, 2019
Figure 38 Cisco: Company Snapshot
Figure 39 Cisco: SWOT Analysis
Figure 40 SWARCO: SWOT Analysis
Figure 41 Siemens: Company Snapshot
Figure 42 Siemens: SWOT Analysis
Figure 43 IBM: Company Snapshot
Figure 44 IBM: SWOT Analysis
Figure 45 Kapsch TrafficCom: Company Snapshot
Figure 46 Kapsch TrafficCom: SWOT Analysis
Figure 47 LG CNS: Company Snapshot
Figure 48 Indra Sistemas: Company Snapshot
Figure 49 Cubic: Company Snapshot
Figure 50 Accenture: Company Snapshot
Figure 51 Iteris: Company Snapshot
Figure 52 Jenoptik: Company Snapshot
Figure 53 FLIR: Company Snapshot
Figure 54 Garmin: Company Snapshot
Figure 55 Q-Free: Company Snapshot
Figure 56 Dahua Technology: Company Snapshot

The study involved four major steps to estimate the current market size of the traffic management market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from secondary sources, such as IGI Global and Hindawi. Additionally, the traffic scorecards of various countries were extracted from the respective sources.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), and directors from business development, marketing, and product development/innovation teams. It also includes related key executives from traffic management solution vendors, system integrators, professional service providers, industry associations, and traffic management consultants and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from the solutions and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to technology, application, deployment, and region. Stakeholders from demand side, such as Chief Investment Officers (CIOs), Chief Technology Officers (CTOs), and Chief Security Officer (CSOs), and installation teams of the governments/end users using traffic management solutions were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current use of traffic management solutions, which would affect the overall traffic management market.

Traffic Management Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the traffic management market. These methods were used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The traffic management market expenditure across regions, along with the geographic split in various segments, have been considered to arrive at the overall market size.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand side and supply side in the traffic management market.

Report Objectives:

  • To define, describe, and forecast the traffic management market by component (solutions, hardware, and services), system, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze opportunities in the market and provide details about the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies1
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the traffic management market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of additional countries in the APAC market
  • Further breakup of additional countries in the European market
  • Further breakup of additional countries in the North American market

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 2593
Published ON
Feb, 2020
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