Traffic Management Market by Solution (Smart Signaling, Route Guidance and Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Service, System, and Region - Global Forecast to 2023
[200 Pages Report] The traffic management market is expected to grow from USD 26.7 billion in 2018 to USD 50.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7%. High demographic growth and hyper-urbanization in developing countries and the government initiatives for traffic management under smart cities models are some of the driving factors for this market.
Route guidance and optimization segment is expected to grow at the fastest rate
The route guidance and optimization software helps in regulating traffic flows to make efficient use of the existing road infrastructures. Furthermore, it reduces the traveling time and distance for drivers. It shows the best possible route that has less traffic congestion and disruptions. It also enables drivers to get real-time information about the traffic congestion, accidents, and other such events on the roads they plan to drive on. The route guidance and optimization software uses automatic feedback controls from a real-time traffic situation. The software offers features, such as static guidance, dynamic guidance, and dynamic guidance with prediction.
Sensors segment is expected to have the fastest growth rate during the forecast period
Sensors are hardware components that detect and respond to the physical parameters of an environment. They convert the physical parameters into signals that can be measured to get insights. Sensors are used in traffic management for gathering data and sending traffic safety warnings. The sensors used in traffic management systems are further segmented into 3 types, namely, vehicle detection sensors, pedestrian presence sensors, and speed sensors. Sensors play a pivotal role in controlling and managing a citys traffic. Further, they help in providing driving assistance and traffic safety warnings.
Deployment and integration segment to hold the largest market share
The deployment and integration segment is expected to have the largest market share and projected to grow at the highest CAGR during the forecast period. Deployment and integration services help in reducing the deployment and integration time. These services are crucial for developing end-to-end traffic smart signaling, route guidance, traffic analytics, and smart surveillance solutions for the traffic management market.
Incident Detection and Location System (IDLS) is expected to hold the largest market share
IDLS discovers and verifies the occurrence of any incident and ascertains its exact location on the roadway system. Any incident will bring abnormalities in the flow of traffic in a nearby area. The role of IDLS is to find out the anomalies of the incident that is likely to take place. The input devices for IDLS are roadway sensors and external data links. The incidents recorded are mainly system breakdowns or partial malfunctions, such as traffic signal outages, signal timing phase problems, and traffic problems caused by major/minor freeway accidents or surface street accidents. If the probability of an incident and its location has been detected by the system, then IDLS tries to verify the incident and estimate the severity of the incident.
Asia Pacific (APAC) is expected to grow at the fastest rate
APAC is the fastest-growing region in terms of CAGR. Increased urbanization has resulted in traffic congestions. High adoption of solutions to minimize congestions, along with better traffic management and control, has led to a wider demand of traffic management solutions in the APAC region. The adoption of traffic management solutions has increased due to the ongoing and emerging smart cities and smart transportation projects, thus enabling APAC to become a highly potential market.
The major factors that are expected to hinder market growth are the lack of standardized and uniform technologies and the recovering Return on Investment (RoI) from legacy systems. The major vendors covered in the traffic management market include Accenture PLC (Accenture), Cellint (Cellint), Cisco Systems, Inc. (Cisco), Ciitilog (Citilog), Cubic Corporation (Cubic), EFKON INDIA PRIVATE LIMITED (EFKON),Esri (Esri),FLIR Systems, Inc. (FLIR),Garmin Ltd. (Garmin), IBM Corporation (IBM), Indra Sistemas, S.A. (Indra), Industrial Management Technology & Contracting LLC (IMTAC), IntelliVision (IntelliVision), Iteris, Inc (Iteris),Jenoptik AG (Jenoptik), Kapsch TrafficCom (Kapsch TrafficCom), Lanner Electronics Inc. (Lanner Electronics), LG CNS (LG CNS), Metro Infrasys Pvt. Ltd. (Metro Infrasys), PTV Planung Transport Verkehr Group (PTV Group), Q-Free A.S.A (Q-Free), Siemens AG (Siemens), SWARCO AG (SWARCO), and TransCore (TransCore). These players offer various traffic management solutions to cater to the demands and needs of the market space. The major growth strategies adopted by these players are partnerships, collaborations and agreements, and new product launches/product enhancements. These Traffic Management Software Vendors are rated and listed by us on the basis of product quality, reliability, and their business strategy. Please visit 360Quadrants to see the vendor listing of Traffic Management Software.
Recent developments
- In April 2018, SWARCO acquired the majority shareholding in Bergauer, which develops and integrates intelligent traffic guidance and control systems, as well as, customer-specific guidance systems for infrastructure and security projects, to provide better service to customers.
- In April 2017, Siemens acquired HaCon, a Germany-based company offering mobility and logistics solutions. The acquisition strengthened Siemens existing portfolio and increased its market presence.
- In October 2018, Kapsch TrafficCom and OMV Aktiengesellschaft (producer and marketer of oil and gas) partnerered for the provision of a standardized European Electronic Toll Service (EETS) for trucks.
Key questions addressed by the report
- What are the opportunities in the traffic management market?
- What is the competitive landscape in the market?
- What are the regulations that will impact the market?
- How has the Internet of Things (IoT) evolved from the tradition traffic infrastructure?
- What are the dynamics of the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 21)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 25)
2.1 Research Data
2.1.1 Breakup of Primaries
2.1.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Microquadrant Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary (Page No. - 35)
4 Premium Insights (Page No. - 43)
4.1 Attractive Market Opportunities in the Traffic Management Market
4.2 Market, By Component, 20182023
4.3 Market, By Solution, 20182023
4.4 Market, By Hardware, 20182023
4.5 Market, By Service, 20182023
4.6 Market, By System, 20182023
4.7 Market, Market Share Across Countries, 2018
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 Government Initiatives for Traffic Management and the PPP Working Model
5.2.1.3 Rising Need for Real-Time Information Systems
5.2.1.4 Regulatory Frameworks and Government Policies to Reduce 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 Ecosystem
5.5 Case Studies
5.6 Global Traffic Index
6 Traffic Management Market, By Component (Page No. - 59)
6.1 Introduction
7 Market, By Solution (Page No. - 62)
7.1 Introduction
7.2 Smart Signaling
7.2.1 The Increasing Need to Proactively Redirect and Regulate Traffic Driving the Demand for Smart Signaling
7.3 Route Guidance and Optimization
7.3.1 The Need to Optimize Existing Road Infrastructure to Drive the Demand for Route Guidance and Optimization
7.4 Traffic Analytics
7.4.1 Need for Collecting, Processing, Integrating, and Presenting Reliable Traffic Flow Data to Ease Traffic Congestions and Reduce Negative Environmental Impacts on Transportation to Drive the Demand for Traffic Analytics
7.5 Smart Surveillance
7.5.1 Video Management Software
7.5.1.1 Video Management Offers High-Definition Clarity and Better Quality Video, and Reduces Theft and Damage to Any Application
7.5.2 Video Analytics
7.5.2.1 Demand for Actionable Insights From Video Data
7.5.3 Video Analytics By Applications
7.5.3.1 Automatic Number Plate Recognition
7.5.3.1.1 Traffic Police to Use the ANPR Technology Extensively to Detect Vehicles That Break Rules
7.5.3.2 Facial Recognition
7.5.3.2.1 Governments Focus the Safety and Security of Citizens to Drive the Demand for Facial Recognition
7.5.3.3 Pedestrian Detection
7.5.3.3.1 Need for Pedestrian Detection Applications in Intelligent Video Surveillance Systems
7.5.3.4 Incident Detection
7.5.3.4.1 Need to Detect Incidents and Continuously Collect Traffic Data in Real Time
8 Market, By Hardware (Page No. - 75)
8.1 Introduction
8.2 Display Boards
8.2.1 Increasing Need to Help Drivers in Receiving Updated Traffic Information to Drive the Deployment of Display Boards
8.3 Sensors
8.3.1 Vehicle Detection Sensors
8.3.1.1 Need for Vehicle Detection Sensors to Reduce Waiting Time at Traffic Signals
8.3.2 Pedestrian Presence Sensors
8.3.2.1 Growing Need to Improve Safety and Efficiency at Pedestrian Crossings
8.3.3 Speed Sensors
8.3.3.1 Need for Speed Sensors on Highways to Avoid Accidents
8.4 Surveillance Cameras
8.4.1 Demand for Real-Time Monitoring of Traffic Flow to Drive the Installation of Surveillance Cameras
8.5 Others
9 Traffic Management Market, By Service (Page No. - 84)
9.1 Introduction
9.2 Consulting
9.2.1 Need for Consulting Services to Efficiently Plan, Design, and Deploy Traffic Management Solutions
9.3 Deployment and Integration
9.3.1 Deployment and Integration Services to Ease the Complexities in Deploying Various Solutions in It Infrastructures
9.4 Support and Maintenance
9.4.1 Need for 24*7 Traffic Monitoring and Troubleshooting Assistance to Fuel the Adoption of Support and Maintenance Services
10 Market, By System (Page No. - 89)
10.1 Introduction
10.2 Urban Traffic Management and Control
10.2.1 UTMC Aims to Transform Next-Generation Traffic Systems
10.3 Adaptive Traffic Control System
10.3.1 Benefit of Relieving Urban Traffic Congestion Fuels the Adoption of Adaptive Traffic Control Systems
10.4 Journey Time Measurement System
10.4.1 The Need to Understand How A Countrys Road Network Operates
10.5 Predictive Traffic Modeling System
10.5.1 Need to Predict Future Traffic Congestion in A Region to Drive the Demand for Predictive Traffic Modeling System
10.6 Incident Detection and Location System
10.6.1 Need to Improve the Efficiency and Reduce the Work Intensity of Highway Management Department to Drive the Adoption of Incident Detection and Location System
10.7 Dynamic Traffic Management System
10.7.1 Benefit of Reducing Fuel Consumption and Getting Away With Negative Environmental Impacts to Drive the Demand for Dynamic Traffic Management System
11 Market, By Region (Page No. - 100)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.1.1 Traffic Management has Become an Integral Part of the Public Citizen Services
11.2.2 Canada
11.2.2.1 Need to Smart Transportation to Boost the Efficiency of Traffic Infrastructures in Canada
11.3 Europe
11.3.1 United Kingdom
11.3.1.1 UK Government is Focusing to Reduce Traffic Congestion By Smoothing Traffic Flows and Prioritizing Traffic in Response to Demand in Real Time
11.3.2 Germany
11.3.2.1 Germany is Focused on Adopting Smarter Transportation and Traffic Management Solutions for Optimal Utilization of Transport Infrastructure and Data
11.3.3 France
11.3.3.1 Demand for Traffic Analytics to Optimize Public Transportation in France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Australia and New Zealand
11.4.1.1 Utilizing Technology and Real Time Data, in A Shared and Open Environment, Provides an Opportunity to Improve Public Safety, Reduce Traffic Congestion, and Increase Mobility.
11.4.2 China
11.4.2.1 an Increasing Number of Smart Cities Initiatives to Drive the Adoption Traffic Management Solutions in China
11.4.3 Japan
11.4.3.1 The National Police Agency in Japan That Governs the Japanese Traffic Management, has Been Promoting to Introduce an Atms Based on the Intelligent Vehicle Highway System
11.4.4 Singapore
11.4.4.1 Increasing Focus on Adopting Smart Technologies in the Transport Infrastructure in Singapore
11.4.5 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Israel
11.5.1.1 Major Investments for Better Transport Infrastructure and Traffic Management to Drive the Traffic Management Market in Israel
11.5.2 Qatar
11.5.2.1 Government to Increase Its Investment for Enhancing Public and Transport Infrastructures in Qatar
11.5.3 United Arab Emirates
11.5.3.1 Technological Advancements, Growing Economy, and the Increase in Traffic Congestions to Drive the Market in UAE
11.5.4 South Africa
11.5.4.1 IoT Innovations to Overcome South Africa's Infrastructure Challenges
11.5.5 Rest of Middle East and Africa
11.6 Latin America
11.6.1 Brazil
11.6.1.1 Growing Deployment of Traffic Management Solutions in Brazil to Create Public Policies and Identify Opportunities for Applying IoT Technologies
11.6.2 Mexico
11.6.2.1 The Need to Reduce Traffic Congestion is the Foremost Priority of the Mexican Government
11.6.3 Rest of Latin America
12 Competitive Landscape (Page No. - 132)
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 (27 Players)
12.3 Business Strategy Excellence (27 Players)
12.4 Ranking of Key Players for the Traffic Management Market, 2018
13 Company Profiles (Page No. - 137)
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.1 Cisco
13.2 Swarco
13.3 Siemens
13.4 IBM
13.5 Kapsch Trafficcom
13.6 LG CNS
13.7 Indra Sistemas
13.8 Cubic
13.9 Accenture
13.10 Iteris
13.11 Cellint
13.12 Metro Infrasys
13.13 GTT
13.14 Jenoptik
13.15 Flir
13.16 Atkins
13.17 ESRI
13.18 Savari
13.19 PTV Group
13.20 Intelvision Technologies
13.21 Transcore
13.22 Imtac
13.23 Garmin
13.24 Efkon
13.25 Lanner Electronics
13.26 Citilog
13.27 Q-Free
*Details on Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 188)
14.1 Case Studies (Continued)
14.2 Previous Developments
14.3 Discussion Guide
14.4 Knowledge Store: Marketsandmarkets Subscription Portal
14.5 Available Customization
14.6 Related Reports
14.7 Author Details
List of Tables (92 Tables)
Table 1 United States Dollar Exchange Rate, 20152018
Table 2 Factor Analysis
Table 3 PPP Model Highlights (20102018)
Table 4 PPP in Transport Infrastructure Projects
Table 5 Traffic Management Use Cases in Smart Cities
Table 6 Top 10 Globally Congested Cities
Table 7 Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 8 Solutions: Market Size, By Type, 20162023 (USD Million)
Table 9 Solutions: Market Size, By Region, 20162023 (USD Million)
Table 10 Smart Signaling: Market Size, By Region, 20162023 (USD Million)
Table 11 Route Guidance and Optimization: Market Size, By Region, 20162023 (USD Million)
Table 12 Traffic Analytics: Market Size, By Region, 20162023 (USD Million)
Table 13 Smart Surveillance: Market Size, By Type, 20162023 (USD Million)
Table 14 Smart Surveillance: Market Size, By Region, 20162023 (USD Million)
Table 15 Video Management Software Market Size, By Region, 20162023 (USD Million)
Table 16 Video Analytics Market Size, By Region, 20162023 (USD Million)
Table 17 Video Analytics Market Size, By Application, 20162023 (USD Million)
Table 18 Video Analytics Market Size, By Region, 20162023 (USD Million)
Table 19 Automatic Number Plate Recognition Market Size, By Region, 20162023 (USD Million)
Table 20 Facial Recognition Market Size, By Region, 20162023 (USD Million)
Table 21 Pedestrian Detection Market Size, By Region, 20162023 (USD Million)
Table 22 Incident Detection Market Size, By Region, 20162023 (USD Million)
Table 23 Hardware: Traffic Management Market Size, By Type, 20162023 (USD Million)
Table 24 Hardware: Market Size, By Region, 20162023 (USD Million)
Table 25 Display Boards: Market Size, By Region, 20162023 (USD Million)
Table 26 Sensors: Market Size, By Type, 20162023 (USD Million)
Table 27 Sensors: Market, 20162023 (Million Units)
Table 28 Sensors: Market Size, By Region, 20162023 (USD Million)
Table 29 Vehicle Detection Sensors Market Size, By Region, 20162023 (USD Million)
Table 30 Pedestrian Presence Sensors Market Size, By Region, 20162023 (USD Million)
Table 31 Speed Sensors: Market Size, By Region, 20162023 (USD Million)
Table 32 Surveillance Cameras: Market Size, By Region, 20162023 (USD Million)
Table 33 Others: Market Size, By Region, 20162023 (USD Million)
Table 34 Services: Market Size, By Type, 20162023 (USD Million)
Table 35 Services: Market Size, By Region, 20162023 (USD Million)
Table 36 Consulting: Market Size, By Region, 20162023 (USD Million)
Table 37 Deployment and Integration: Market Size, By Region, 20162023 (USD Million)
Table 38 Support and Maintenance: Market Size, By Region, 20162023 (USD Million)
Table 39 Systems: Market Size, By Type, 20162023 (USD Million)
Table 40 Systems: Market Size, By Region, 20162023 (USD Million)
Table 41 Urban Traffic Management and Control: Market Size, By Region, 20162023 (USD Million)
Table 42 Adaptive Traffic Control System: Market Size, By Region, 20162023 (USD Million)
Table 43 Journey Time Measurement System: Market Size, By Region, 20162023 (USD Million)
Table 44 Predictive Traffic Modeling System: Market Size, By Region, 20162023 (USD Million)
Table 45 Incident Detection and Location System: Market Size, By Region, 20162023 (USD Million)
Table 46 Dynamic Traffic Management System:Market Size, By Region, 20162023 (USD Million)
Table 47 Market Size, By Region, 20162023 (USD Million)
Table 48 North America: Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 49 North America: Market Size, By Hardware, 20162023 (USD Million)
Table 50 North America: Market Size, By Sensor, 20162023 (USD Million)
Table 51 North America: Market Size, By Solution, 20162023 (USD Million)
Table 52 North America: Market Size, By Smart Surveillance Type, 20162023 (USD Million)
Table 53 North America: Market Size, By Video Analytics Application, 20162023 (USD Million)
Table 54 North America: Market Size, By Service, 20162023 (USD Million)
Table 55 North America: Market Size, By System, 20162023 (USD Million)
Table 56 North America: Market Size, By Country, 20162023 (USD Million)
Table 57 Europe: Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 58 Europe: Market Size, By Hardware, 20162023 (USD Million)
Table 59 Europe: Market Size, By Sensor, 20162023 (USD Million)
Table 60 Europe: Market Size, By Solution, 20162023 (USD Million)
Table 61 Europe: Market Size, By Smart Surveillance Type, 20162023 (USD Million)
Table 62 Europe: Market Size, By Video Analytics Application, 20162023 (USD Million)
Table 63 Europe: Market Size, By Service, 20162023 (USD Million)
Table 64 Europe: Market Size, By System, 20162023 (USD Million)
Table 65 Europe: Market Size, By Country, 20162023 (USD Million)
Table 66 Asia Pacific: Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 67 Asia Pacific: Market Size, By Hardware, 20162023 (USD Million)
Table 68 Asia Pacific: Market Size, By Sensor, 20162023 (USD Million)
Table 69 Asia Pacific: Market Size, By Solution, 20162023 (USD Million)
Table 70 Asia Pacific: Market Size, By Smart Surveillance Type, 20162023 (USD Million)
Table 71 Asia Pacific: Market Size, By Video Analytics Application, 20162023 (USD Million)
Table 72 Asia Pacific: Market Size, By Service, 20162023 (USD Million)
Table 73 Asia Pacific: Market Size, By System, 20162023 (USD Million)
Table 74 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 75 Middle East and Africa: Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 76 Middle East and Africa: Market Size, By Hardware, 20162023 (USD Million)
Table 77 Middle East and Africa: Market Size, By Sensor, 20162023 (USD Million)
Table 78 Middle East and Africa: Market Size, By Solution, 20162023 (USD Million)
Table 79 Middle East and Africa: Market Size, By Smart Surveillance Type, 20162023 (USD Million)
Table 80 Middle East and Africa: Market Size, By Video Analytics Application, 20162023 (USD Million)
Table 81 Middle East and Africa: Market Size, By Service, 20162023 (USD Million)
Table 82 Middle East and Africa: Market Size, By System, 20162023 (USD Million)
Table 83 Middle East and Africa: Market Size, By Country, 20162023 (USD Million)
Table 84 Latin America: Traffic Management Market Size, By Component, 20162023 (USD Million)
Table 85 Latin America: Market Size, By Hardware, 20162023 (USD Million)
Table 86 Latin America: Market Size, By Sensor, 20162023 (USD Million)
Table 87 Latin America: Market Size, By Solution, 20162023 (USD Million)
Table 88 Latin America: Market Size, By Smart Surveillance Type, 20162023 (USD Million)
Table 89 Latin America: Market Size, By Video Analytics Application, 20162023 (USD Million)
Table 90 Latin America: Market Size, By Service, 20162023 (USD Million)
Table 91 Latin America: Market Size, By System, 20162023 (USD Million)
Table 92 Latin America: Market Size, By Country, 20162023 (USD Million)
List of Figures (59 Figures)
Figure 1 Traffic Management Market: Research Design
Figure 2 Research Methodology
Figure 3 Market: Top-Down and Bottom-Up Approaches
Figure 4 Microquadrant Matrix: Criteria Weightage
Figure 5 Driving Forces of Market
Figure 6 Market Size, 20162023
Figure 7 Market Analysis
Figure 8 Dynamic Traffic Management System to Have the Highest Growth Rate in the Traffic Management Market
Figure 9 Fastest-Growing Segments in the Market, 20182023
Figure 10 Market: Regional Analysis, 2018
Figure 11 Emergence of IoT Technology to Offer Attractive Market Opportunities
Figure 12 Hardware Segment to Hold the Highest Market Share in 2018
Figure 13 Smart Signaling Solution to Hold the Highest Market Share in 2018
Figure 14 Surveillance Cameras Segment to Hold the Highest Market Share During the Forecast Period
Figure 15 Deployment and Integration Segment to Hold the Highest Market Share During the Forecast Period
Figure 16 Journey Time Measurement System to Hold the Highest Market Share in 2018
Figure 17 Singapore to Hold the Highest CAGR During the Forecast Period
Figure 18 Asia Pacific to Emerge as the Best Market for Investments During the Forecast Period
Figure 19 Traffic Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Increasing Population and Urbanization
Figure 21 Manmade Co2 Emissions From Various Industries
Figure 22 Traffic Management Ecosystem
Figure 23 Traffic Management Systems
Figure 24 Solutions Segment to Hold the Largest Market Size By 2022
Figure 25 Route Guidance and Optimization Segment to Hold the Largest Market Size By 2023
Figure 26 Video Analytics Applications
Figure 27 Surveillance Cameras Segment to Hold the Largest Market Size During the Forecast Period
Figure 28 Deployment and Integration Segment to Hold the Largest Market Size During the Forecast Period
Figure 29 Incident Detection and Location System Segment to Hold the Largest Market Size By 2023
Figure 30 Urban Traffic Management and Control System
Figure 31 Adaptive Traffic Control System
Figure 32 Structure of Journey Time Measurement System
Figure 33 Europe to Hold the Largest Market Size During the Forecast Period
Figure 34 North America: Country-Wise Analysis
Figure 35 Europe: Country-Wise Analysis
Figure 36 Europe: Market Snapshot
Figure 37 Asia Pacific: Country-Wise Analysis
Figure 38 Asia Pacific: Market Snapshot
Figure 39 Traffic Management Market (Global) Competitive Leadership Mapping, 2018
Figure 40 Ranking of Key Players, 2018
Figure 41 Cisco: Company Snapshot
Figure 42 SWOT Analysis: Cisco
Figure 43 SWOT Analysis: Swarco
Figure 44 Siemens: Company Snapshot
Figure 45 SWOT Analysis: Siemens
Figure 46 IBM: Company Snapshot
Figure 47 SWOT Analysis: IBM
Figure 48 Kapsch Trafficcom: Company Snapshot
Figure 49 SWOT Analysis: Kapsch Trafficcom
Figure 50 LG CNS: Company Snapshot
Figure 51 Indra Sistemas: Company Snapshot
Figure 52 Cubic: Company Snapshot
Figure 53 Accenture: Company Snapshot
Figure 54 Iteris: Company Snapshot
Figure 55 Jenoptik: Company Snapshot
Figure 56 Flir: Company Snapshot
Figure 57 Atkins: Company Snapshot
Figure 58 Garmin: Company Snapshot
Figure 59 Q-Free: Company Snapshot
The study involved 4 major activities to estimate the current market size for traffic management market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub segments of the market.
Secondary research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary research
The traffic management market comprises several stakeholders, such as service providers, solution vendors, Manufacturers, Trade Associations, Government Authorities, Environmental Working Group (EWG), Raw Material and component Suppliers, Value-Added Resellers (VARs) and distributors, and Non-Governmental Organizations (Environmental and Public Health). The demand-side of the market consists of all the firms operating specially in the transportation industry. The supply-side includes traffic management providers, offering traffic management solutions and services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market size estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the global Traffic management market and various other dependent submarkets in the overall market. While using the top-down approach, an exhaustive list of all the vendors who offer solution and services in the market was prepared. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor were evaluated based on their solutions by technology, product type, and applications. The aggregate of all companies revenue was extrapolated to reach at the overall market size. Further, each sub segment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.
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 sub segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report objectives
- To determine and forecast the global traffic management market by component (solutions, services, and hardware), systems, and region from 2018 to 2023 and analyze the various macroeconomic and microeconomic factors that affect the market growth
- To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America and Middle East and Africa (MEA)
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To profile the key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market
Scope of the report
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Report Metrics |
Details |
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Market size available for years |
20162023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value (USD) |
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Segments covered |
Components (Solutions, Hardware, and Services), Systems, and Region |
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Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
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Companies covered |
Accenture (Ireland), Atkins Group (UK), Cellint (Israel), Cisco (US), Citilog (France), Cubic Corporation (US), EFKON (Austria), Esri (US), FLIR Systems (US), IBM (US), Indra Sistemas (Spain), Industrial Management Technology & Contracting (IMTAC) (Sultanate of Oman), IntelliVision Technologies (US), Iteris (US), Jenoptik (Germany), Kapsch TrafficCom ( Austria), Lanner Electronics (Taiwan), LG CNS (South Korea), Metro Infrasys (India), PTV Planung Transport Verkehr (Germany), Q-Free ASA (Norway), Siemens (Germany), SWARCO (Austria), and TransCore (US) |
This research report categorizes the market to forecast revenues and analyze trends in each of the following submarkets:
On the basis of components, the traffic management market has been segmented as follows:
- Solutions
- Hardware
- Services
On the basis of solutions, the market has been segmented as follows:
- Route Guidance and Optimization
- Smart Signaling
- Smart Surveillance
- Traffic Analysis
On the basis of hardware, the market has been segmented as follows:
- Surveillance cameras
- Display boards
- Sensors
- Others (linked traffic controllers and intelligent traffic controllers)
On the basis of services, the market has been segmented as follows:
- Consulting
- Deployment and integration
- Support and maintenance
On the basis of systems, the market has been segmented as follows:
- 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)
On the basis of regions, the traffic management market has been segmented as follows:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- Japan
- Australia
- China
- Rest of APAC
- MEA
- Israel
- Qatar
- UAE
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Mexico
- Rest of Latin America
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Growth opportunities and latent adjacency in Traffic Management Market