Traffic Management Market

Traffic Management Market by Component (Hardware, Solutions (Route guidance & optimization, Smart Signaling, Traffic Analytics), Services), System (UTMC, ATCS, JTMS, DTMS), Areas of Application and Region - Global Forecast to 2028

Report Code: TC 2593 Nov, 2023, by marketsandmarkets.com

[294 Pages Report] The global Traffic Management Market size is projected to grow from USD 42.3 billion in 2023 to USD 72.5 billion by 2028 at a CAGR of 11.4% during the forecast period. Growing concerns about public safety, particularly related to traffic congestion and accidents, drive the adoption of traffic management technologies. Governments and organizations are focusing on improving road safety through the development of advanced traffic signal control systems, intelligent speed adaptation technologies, and systems that detect pedestrians and cyclists.

Traffic Management Market

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Traffic Management Market

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Global Traffic Management Market Dynamics

Driver: Connected Cars and Data Revolutionizing Traffic Management Systems

Traffic management poses a significant challenge for municipalities, but the advent of connected cars is poised to transform the landscape. In the realm of the IoT, connected cars have emerged as one of the fastest-growing technologies, capable of transmitting and receiving real-time data.  In the UK, where over 30% of inner-city traffic stems from drivers hunting for parking spaces, the impact of connected vehicles is particularly promising. They can guide drivers to available parking spots, identify cost-effective pricing, and, in the future, even facilitate payments through the vehicle's dashboard. Furthermore, the integration of connected digital parking and permitting services can generate valuable big-data insights, addressing mobility challenges. Connected cars deliver both overt and covert data, ranging from adjusting fuel mix during adverse weather conditions to steering clear of pollution-heavy areas due to localized factors. Local authorities can leverage this wealth of data, combining it with analyses of traffic flows and real-time on-street parking demand. This synergy empowers the establishment of demand-driven parking tariffs, informs traffic management policies, guides the construction of new parking facilities, and fuels the development of resident parking schemes.

Restraint: Shortage Limiting New Projects

The labor market has impacted businesses in various industries, including the traffic management services sector. However, the effects of the labor shortage are particularly pronounced in this field due to the crucial emphasis on safety and the specialized training required for the job. Despite the expectation that the labor supply would improve as government programs such as the American Rescue Plan concluded, the recovery has been slower than anticipated. With discussions about a potential recession, there is hope that job seekers may turn to recession-resilient sectors such as traffic management. To navigate the tight labor market, companies have had to reduce the number of projects they undertake, extend project lead times, and become more competitive in their bidding strategies. Businesses with strong corporate cultures that can attract and retain talent are well-positioned to capitalize on the current situation. They can outperform their competitors by taking on projects that others cannot due to the labor shortage and delivering higher-quality work with a more stable workforce.

Opportunity: Changing Pricing Dynamics in the Traffic Management Industry

The current market climate has brought about a notable shift in pricing dynamics for traffic management service providers. In the past, these providers faced challenges in raising their prices, especially with long-term clients, as prices remained relatively stable. However, the prevailing inflationary environment has altered this landscape, allowing many providers to implement price increases successfully. The widespread experience of rising operational costs has made clients more receptive to these price adjustments. Furthermore, the critical nature of traffic management work has prompted clients to prioritize quality and reputation over lower prices, making them more willing to invest in reputable, skilled companies. It's worth noting that the total cost of traffic management typically represents a relatively small portion, approximately 2-3%, of the total project costs. Consequently, even a modest increase in traffic management costs has a minimal impact on the overall project budget.

This changing pricing dynamic can be viewed as an opportunity for the traffic management industry. Providers who can offer high-quality services and build strong reputations are well-positioned to leverage the willingness of clients to accept increased pricing. As long as the price increases are reasonable and commensurate with the value and expertise provided, this shift in client mindset can be advantageous for the growth and sustainability of traffic management businesses.

Challenge: sensors and touchpoints pose data fusion challenges

Data fusion is used to synthesize the data generated from various touchpoints and sensors. It helps reduce blind spots and complexities in measuring systems. Traffic management systems comprise many sensors, such as loop detectors, ultrasonic wave detectors, pedestrian sensors, and cameras. All these generate huge amounts of data. Synthesizing and integrating all the raw data generated from these touchpoints to gain valuable traffic information, such as speed, travel times, and congestion, is a difficult task and sometimes leads to the failure of these systems. Thus, deploying a multi-sensor data fusion technology that collates all the recorded signals to create a more informed environment for traffic control poses a major challenge.

Ecosystem of Global Traffic Management Market

Traffic Management Market

The traffic analytics solution to register the highest CAGR in the traffic management market during the forecast period.

Traffic analytics is a pivotal component of modern traffic management systems, providing a systematic approach to analyzing data sourced from diverse elements within a transportation network. By collecting and interpreting information from sensors, cameras, and other data-capturing devices on roadways, traffic analytics offers real-time insights into traffic patterns, behaviors, and conditions. This data-driven methodology is essential for informed decision-making by traffic management authorities. Leveraging advanced analytics techniques, traffic analytics provides a comprehensive understanding of vehicle volumes, congestion levels, and peak traffic times. This enables authorities to optimize signal timings, implement effective rerouting strategies, and formulate policies that enhance overall traffic flow and safety. Additionally, predictive traffic analytics, utilizing historical data and advanced algorithms, contributes to forecasting future traffic levels in cities. The adoption of sensors and cameras further drives the growth of traffic analytics, allowing authorities to make informed decisions based on real-time and historical data for effective road network management. In essence, the integration of traffic analytics into traffic management systems facilitates the development of intelligent transportation strategies, addressing the dynamic challenges of urban mobility.

By hardware, the surveillance camera segment is expected to hold the largest market size during the forecast.

Surveillance cameras provide real-time visual data to monitor and control vehicular movement on roadways. These cameras, strategically deployed at key points within transportation networks, capture live footage of traffic conditions and enable authorities to closely observe various aspects, including vehicle flow, congestion levels, and compliance with traffic regulations. The role of surveillance cameras in traffic management is multifaceted. Firstly, they serve as essential tools for traffic monitoring, allowing authorities to assess current conditions and respond promptly to incidents or congestion. Additionally, surveillance cameras contribute to enhancing road safety by facilitating the enforcement of traffic rules and regulations through visual evidence. The data collected by these cameras is often integrated into larger traffic analytics systems, aiding in the formulation of informed strategies for optimizing signal timings, implementing effective rerouting measures, and improving overall traffic flow. In essence, surveillance cameras are indispensable components of intelligent transportation systems, offering a visual window into traffic dynamics and supporting data-driven decision-making processes for efficient and responsive traffic management.

Based on region, Europe is expected to hold the largest market size during the forecast.

In Europe, businesses have diverse needs, as in North America. Enterprises in this region boast strong technical expertise and larger IT budgets. With numerous traffic management vendors, Europe stands as the largest regional market, with the UK, the most developed economy, playing a significant role in market growth. The European government's investments in improving public transportation create an ideal environment for implementing traffic management systems. The European Commission has allocated a substantial budget of USD 6,684 million for the smart, green, and integrated transport challenge, focusing on enhancing mobility, reducing congestion, and improving safety and security. Ongoing traffic management projects, including Amsterdam Smart City in the Netherlands, Vilnius Traffic Management System in Lithuania, and Athens Traffic Management System in Greece, highlight the region's commitment to efficient traffic solutions.

Traffic Management Market Size, and Share

Market Players:

The major vendors in traffic management market include Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), Kapsch TrafficCom (Austria), Thales Group (France), Q-Free (Norway), PTV Group (Germany), Teledyne FLIR Systems Inc. (US), Cubic Corporation (US), TOMTOM (Netherlands), Huawei (China), ST Engineering (Singapore), ChevronTM (England), Indra Sistemas (Spain), and Econolite (US).  These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the traffic management market.

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD) Million/Billion

Segments Covered

By component (hardware, solutions, and services), System, Areas of Application, and Region

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

The major players in the traffic management market are Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), Kapsch TrafficCom (Austria), Thales Group (France), Q-Free (Norway), PTV Group (Germany), Teledyne FLIR Systems Inc. (US), Cubic Corporation (US), TOMTOM (Netherlands), Huawei (China), ST Engineering (Singapore), ChevronTM (England), Indra Sistemas (Spain), and Econolite (US).

This research report categorizes the global traffic management market to forecast revenues and analyze trends in each of the following submarkets:

Based on Component:
  • Hardware
    • Display Boards
    • Sensors
      • Vehicle Detection Sensors
      • Pedestrian Presence Sensors
      • Speed Sensors
      • Other Sensors (Air Quality Sensors, Ground Sensors)
    • Surveillance Cameras
    • Other Hardware (Traffic Controllers, Road Radio Frequency Products)
  • Solutions
    • Smart Signaling
    • Route Guidance & Route Optimization
    • Traffic Analytics
    • Other Solutions (Smart Surveillance, Tolling Solutions)
  • Services
    • Consulting
    • Implementation
    • Support and Maintenance 
Based on System:
  • Urban Traffic Management & Control System
  • Adaptive Traffic Control System
  • Journey Time Management System
  • Dynamic Traffic Management
  • Other Systems (Predictive Traffic Modelling System, Incident Detection and Location System)
Based on Areas of Application
  • Urban
  • Inter-Urban
  • Rural
By Region:
  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
      • GCC Countries
      • UAE
      • KSA
      • Rest of GCC Countries
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In July 2022, HDtraffic and Siemens, signed a strategic cooperation agreement with Yutraffic Technologies to jointly develop and create systemic product-based solutions with Yutraffic and collaborated with Yutraffic on commercial projects and demonstration projects in the fields of transportation digitalization, Internet of Vehicles (IoV), and autonomous driving.
  • In July 2022, TomTom partnered with the Dutch Ministry of Infrastructure and Water Management to increase road safety. Through three-year-long cooperation with the Dutch Ministry and ANWB, Be-Mobile, Inrix, Hyundai, and Kia, Dutch drivers rely on TomTom traffic services.
  • In April 2021, Q-Free and the Georgia transport department signed a 10-year agreement where Q-Free will provide central traffic management software, Intelight MAXTIME, an intersection control software, and all associated intersection traffic controller hardware services throughout the state. This deal completely upgrades the State’s current central traffic signal management system to Kinetic Signals.
  • In February 2021, Huawei and Tumeng Technology partnered to release a joint solution for holographic intersections. This would strengthen the urban traffic movement in the Suzhou research center.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2020–2022
    1.6 STAKEHOLDERS 
    1.7 RECESSION IMPACT 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 1 TRAFFIC MANAGEMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                               TABLE 2 PRIMARY INTERVIEWS
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY-SIDE): REVENUE FROM COMPONENTS OF MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND-SIDE): NET REVENUE OF MARKET VENDORS
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
    2.4 RISK ASSESSMENT 
           TABLE 3 RISK ASSESSMENT
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS 
    2.7 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 8 GLOBAL TRAFFIC MANAGEMENT MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 
    FIGURE 9 MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET 
           FIGURE 10 GOVERNMENT INITIATIVES AND STRONG REGULATORY FRAMEWORK TO DRIVE MARKET
    4.2 MARKET, BY COMPONENT 
           FIGURE 11 SERVICES SEGMENT TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
    4.3 MARKET, BY SYSTEM 
           FIGURE 12 URBAN TRAFFIC MANAGEMENT & CONTROL SEGMENT ESTIMATED TO LEAD MARKET IN 2023
    4.4 GLOBAL TRAFFIC MANAGEMENT MARKET, BY SOLUTION 
           FIGURE 13 ROUTE GUIDANCE & ROUTE OPTIMIZATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.5 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT AND TOP THREE SYSTEMS 
           FIGURE 14 HARDWARE & UTMC ESTIMATED TO HOLD LARGEST MARKET SHARE IN 2023
 
5 GLOBAL TRAFFIC MANAGEMENT MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 15 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased traffic congestion and need for road safety measures
                    5.2.1.2 Rising demand for real-time traffic information from drivers and passengers
                    5.2.1.3 Increasing concerns related to public safety
                    5.2.1.4 Increasing urban population, rising number of vehicles, and inadequate infrastructure
                               FIGURE 16 URBAN GLOBAL POPULATION FORECAST
                    5.2.1.5 Government initiatives for effective traffic management
                    5.2.1.6 Development of smart cities worldwide
                               TABLE 4 TOP 10 SMART CITIES WORLDWIDE, 2021
           5.2.2 RESTRAINTS
                    5.2.2.1 Labor shortage
                    5.2.2.2 Slow growth in infrastructure sector
                    5.2.2.3 Lack of standardized and uniform technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Changing cost dynamics
                    5.2.3.2 Increasing environmental concerns
                    5.2.3.3 Designing and development of smart vehicles compatible with advanced technologies
                    5.2.3.4 Growth of analytics software
                    5.2.3.5 Evolving 5G technology and transformation of traffic management system
           5.2.4 CHALLENGES
                    5.2.4.1 Data management and big data issues
                    5.2.4.2 High expenses associated with equipment installation
                    5.2.4.3 Security threats and hacking challenges
                    5.2.4.4 Data fusion challenges
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 17 GLOBAL TRAFFIC MANAGEMENT MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 18 KEY PLAYERS IN MARKET ECOSYSTEM
           TABLE 5 ROLE OF PLAYERS IN MARKET ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS 
           5.5.1 KEY TECHNOLOGIES
                    5.5.1.1 Artificial Intelligence (AI)
                    5.5.1.2 Internet of Things (IoT)
                    5.5.1.3 Geographic Information Systems (GIS)
                    5.5.1.4 Automatic Number Plate Recognition (ANPR)
                    5.5.1.5 Vehicle-to-Infrastructure (V2I) and Vehicle-to-Everything (V2X)
           5.5.2 COMPLEMENTARY TECHNOLOGIES
                    5.5.2.1 Big Data and Analytics
                    5.5.2.2 Edge Computing
                    5.5.2.3 5G
           5.5.3 ADJACENT TECHNOLOGIES
                    5.5.3.1 Advanced Traffic Management Systems (ATMS)
                    5.5.3.2 Smart City Solutions
                    5.5.3.3 Blockchain
    5.6 TRAFFIC MANAGEMENT DATA FLOW PROCESS 
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON TRAFFIC MANAGEMENT MARKET
           5.7.1 INTENSITY OF COMPETITIVE RIVALRY
           5.7.2 BARGAINING POWER OF SUPPLIERS
           5.7.3 BARGAINING POWER OF BUYERS
           5.7.4 THREAT OF SUBSTITUTES
           5.7.5 THREAT OF NEW ENTRANTS
    5.8 GLOBAL TRAFFIC MANAGEMENT MARKET: BUSINESS MODELS 
    5.9 HISTORY OF TRAFFIC MANAGEMENT SOLUTIONS 
           FIGURE 20 EVOLUTION OF TRAFFIC MANAGEMENT SOLUTIONS
           5.9.1 1970S–1980S
           5.9.2 1990S–2000S
           5.9.3 2010S
           5.9.4 2020S–PRESENT
    5.10 TRAFFIC MANAGEMENT TOOLS, FRAMEWORKS, AND TECHNIQUES 
    5.11 GLOBAL TRAFFIC MANAGEMENT MARKET: ADJACENT NICHE TECHNOLOGIES 
           5.11.1 INTELLIGENT TRANSPORTATION SYSTEMS (ITS)
           5.11.2 CONNECTED AND AUTONOMOUS VEHICLES (CAVS)
           5.11.3 IOT AND SENSOR NETWORKS
           5.11.4 EDGE COMPUTING
           5.11.5 5G AND COMMUNICATION NETWORKS
    5.12 FUTURE OF MARKET LANDSCAPE 
    5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
                    FIGURE 21 REVENUE SHIFT IN MARKET
    5.14 HS CODES: ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT (8530) 
           5.14.1 EXPORT SCENARIO FOR HS CODE: 8530
                    FIGURE 22 EXPORT VALUE OF ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT, BY KEY COUNTRY, 2015–2022 (USD MILLION)
           5.14.2 IMPORT SCENARIO FOR HS CODE: 8530
                    FIGURE 23 IMPORT VALUE OF ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT, BY KEY COUNTRY, 2015–2022 (USD MILLION)
    5.15 BEST PRACTICES IN TRAFFIC MANAGEMENT MARKET 
    5.16 USE CASES 
           5.16.1 CASE STUDY 1: BUENOS AIRES DEPLOYED SGIM SOFTWARE IN CONJUNCTION WITH KAPSCH’S ECOTRAFIXTM PLATFORM TO UNIFY ITS EXISTING UTC SYSTEMS
           5.16.2 CASE STUDY 2: HUAWEI HELPED LAHORE CITY DEVELOP NEW TRAFFIC MANAGEMENT SYSTEM TO MANAGE CONGESTION
           5.16.3 CASE STUDY 3: ROMANIAN CITY OF TIMI?OARA DEPLOYED SWARCO’S INTEGRATED TRAFFIC CONTROL AND VIDEO SURVEILLANCE SYSTEM TO SMOOTHEN TRAFFIC FLOW
           5.16.4 CASE STUDY 4: TOMTOM HELPED HELSINKI STUDY AND MANAGE TRAFFIC FLOW
    5.17 PRICING ANALYSIS 
           5.17.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE
                    FIGURE 24 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE
                    TABLE 7 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE
           5.17.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY SOLUTION
                    TABLE 8 INDICATIVE PRICING ANALYSIS OF KEY TRAFFIC MANAGEMENT SOLUTION VENDORS
    5.18 PATENT ANALYSIS 
           5.18.1 METHODOLOGY
                    FIGURE 25 LIST OF MAJOR PATENTS OFFERED IN TRAFFIC MANAGEMENT MARKET
                    TABLE 9 LIST OF MAJOR PATENTS, 2014–2023
    5.19 TARIFF AND REGULATORY LANDSCAPE 
           5.19.1 TARIFF RELATED TO TRAFFIC MANAGEMENT SYSTEM
                    TABLE 10 TARIFF RELATED TO ELECTRICAL SIGNALING, SAFETY, AND TRAFFIC CONTROL EQUIPMENT
           5.19.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.19.3 MANUAL ON TRAFFIC CONTROL DEVICES FOR STREETS AND HIGHWAYS
           5.19.4 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION
                    5.19.4.1 ISO/IEC JTC 1
                    5.19.4.2 ISO/IEC 27001
                    5.19.4.3 ISO/IEC 19770
                    5.19.4.4 ISO/IEC JTC 1/SWG 5
                    5.19.4.5 ISO/IEC JTC 1/SC 31
                    5.19.4.6 ISO/IEC JTC 1/SC 27
                    5.19.4.7 ISO/IEC JTC 1/WG 7 SENSOR
           5.19.5 GENERAL DATA PROTECTION REGULATION
           5.19.6 FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION
           5.19.7 FEDERAL HIGHWAY ADMINISTRATION
           5.19.8 INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS
           5.19.9 CEN/ISO
                    5.19.10 CEN/CENELEC
                    5.19.11 EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE
                    5.19.12 ITU-T
    5.20 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.20.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TRAFFIC MANAGEMENT SYSTEMS
                    TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TRAFFIC MANAGEMENT SYSTEMS
           5.20.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR KEY TRAFFIC MANAGEMENT SYSTEMS
                    TABLE 16 KEY BUYING CRITERIA FOR KEY TRAFFIC MANAGEMENT SYSTEMS
    5.21 KEY CONFERENCES & EVENTS, 2022–2023 
                    TABLE 17 DETAILED LIST OF CONFERENCES & EVENTS, 2022-2023
 
6 GLOBAL TRAFFIC MANAGEMENT MARKET, BY COMPONENT (Page No. - 91)
    6.1 INTRODUCTION 
           6.1.1 COMPONENT: MARKET DRIVERS
                    FIGURE 28 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 18 MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 19 MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
    6.2 HARDWARE 
           6.2.1 HARDWARE SOLUTIONS TO HELP REDUCE CONGESTION AND ENHANCE OVERALL ROAD SAFETY
                    FIGURE 29 SURVEILLANCE CAMERAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 20 MARKET, BY HARDWARE, 2018–2022 (USD MILLION)
                    TABLE 21 MARKET, BY HARDWARE, 2023–2028 (USD MILLION)
                    TABLE 22 HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 23 HARDWARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.2 DISPLAY BOARDS
                    TABLE 24 DISPLAY BOARDS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 25 DISPLAY BOARDS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.3 SENSORS
                    TABLE 26 SENSORS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 27 SENSORS: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    6.2.3.1 Vehicle detection sensors
                    6.2.3.2 Pedestrian presence sensors
                    6.2.3.3 Speed sensors
                    6.2.3.4 Other sensors
           6.2.4 SURVEILLANCE CAMERAS
                    TABLE 28 SURVEILLANCE CAMERAS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 29 SURVEILLANCE CAMERAS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.5 OTHER HARDWARE
                    TABLE 30 OTHER HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 31 OTHER HARDWARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 SOLUTIONS 
           6.3.1 TRAFFIC SOLUTIONS TO ENHANCE TRAFFIC EFFICIENCY AND PROVIDE BETTER EXPERIENCE FOR DRIVERS AND PEDESTRIANS
                    FIGURE 30 TRAFFIC ANALYTICS SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 32 MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                    TABLE 33 MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                    TABLE 34 SOLUTIONS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 SOLUTIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.2 SMART SIGNALING
                    TABLE 36 SMART SIGNALING: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 37 SMART SIGNALING: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.3 ROUTE GUIDANCE & ROUTE OPTIMIZATION
                    TABLE 38 ROUTE GUIDANCE & ROUTE OPTIMIZATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 39 ROUTE GUIDANCE & ROUTE OPTIMIZATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.4 TRAFFIC ANALYTICS
                    TABLE 40 TRAFFIC ANALYTICS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 41 TRAFFIC ANALYTICS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.5 OTHER SOLUTIONS
                    TABLE 42 OTHER SOLUTIONS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 43 OTHER SOLUTIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 SERVICES 
           6.4.1 SERVICES TO ENHANCE DEPLOYMENT AND USE OF SOLUTIONS AT END USERS’ PREMISES
                    FIGURE 31 IMPLEMENTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 44 MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 45 MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 46 SERVICES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 47 SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.4.2 CONSULTING
                    TABLE 48 CONSULTING: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 49 CONSULTING: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.4.3 IMPLEMENTATION
                    TABLE 50 IMPLEMENTATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 51 IMPLEMENTATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.4.4 SUPPORT & MAINTENANCE
                    TABLE 52 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 53 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 TRAFFIC MANAGEMENT MARKET, BY SYSTEM (Page No. - 112)
    7.1 INTRODUCTION 
           7.1.1 SYSTEM: MARKET DRIVERS
                    FIGURE 32 URBAN TRAFFIC MANAGEMENT & CONTROL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 54 TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 55 MARKET, BY SYSTEM, 2023–2028 (USD MILLION)
    7.2 URBAN TRAFFIC MANAGEMENT & CONTROL 
           7.2.1 UTMC TO PROMOTE SUSTAINABLE AND ENVIRONMENTALLY FRIENDLY URBAN MOBILITY SOLUTIONS
                    FIGURE 33 URBAN TRAFFIC MANAGEMENT & CONTROL SYSTEM
                    TABLE 56 URBAN TRAFFIC MANAGEMENT & CONTROL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 57 URBAN TRAFFIC MANAGEMENT & CONTROL: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 ADAPTIVE TRAFFIC CONTROL SYSTEM 
           7.3.1 ATCS TO HELP CREATE SMOOTHER TRAFFIC FLOW, REDUCE TRAVEL TIME, AND IMPROVE ROAD SAFETY
                    FIGURE 34 ADAPTIVE TRAFFIC CONTROL SYSTEM
                    TABLE 58 ADAPTIVE TRAFFIC CONTROL SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 59 ADAPTIVE TRAFFIC CONTROL SYSTEM: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 JOURNEY TIME MANAGEMENT SYSTEM 
           7.4.1 JTMS TO HELP LOWER CONGESTION BY ALERTING DRIVERS OF POSSIBLE DELAYS
                    FIGURE 35 STRUCTURE OF JOURNEY TIME MANAGEMENT SYSTEM
                    TABLE 60 JOURNEY TIME MANAGEMENT SYSTEM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 61 JOURNEY TIME MANAGEMENT SYSTEM: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 DYNAMIC TRAFFIC MANAGEMENT SYSTEM 
           7.5.1 DTMS TO HELP CALCULATE REAL-TIME TRAFFIC AND ADJUST WAITING TIME FOR EACH LANE ACCORDINGLY
                    TABLE 62 DYNAMIC TRAFFIC MANAGEMENT SYSTEM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 63 DYNAMIC TRAFFIC MANAGEMENT SYSTEM: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 OTHER SYSTEMS 
           TABLE 64 OTHER SYSTEMS: TRAFFIC MANAGEMENT INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
           TABLE 65 OTHER SYSTEMS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 TRAFFIC MANAGEMENT MARKET, BY AREA OF APPLICATION (Page No. - 122)
    8.1 INTRODUCTION 
           8.1.1 AREA OF APPLICATION: TRAFFIC MANAGEMENT INDUSTRY DRIVERS
    8.2 URBAN 
           8.2.1 ADVANCED TRAFFIC SIGNAL CONTROL SYSTEMS TO DRIVE TRAFFIC MANAGEMENT IN URBAN AREAS
    8.3 INTER-URBAN 
           8.3.1 ADVANCEMENTS IN INTER-URBAN TRAFFIC FLOW TO DRIVE MARKET
    8.4 RURAL 
           8.4.1 TRAFFIC MANAGEMENT SOLUTIONS TO BE USED TO BRIDGE GAPS IN COUNTRYSIDE
 
9 TRAFFIC MANAGEMENT INDUSTRY, BY REGION (Page No. - 124)
    9.1 INTRODUCTION 
           FIGURE 36 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 66 MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 67 MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 NORTH AMERICA: MARKET DRIVERS
           9.2.2 NORTH AMERICA: RECESSION IMPACT
                    TABLE 68 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 69 NORTH AMERICA: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 70 NORTH AMERICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 71 NORTH AMERICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 72 NORTH AMERICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 73 NORTH AMERICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 74 NORTH AMERICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 75 NORTH AMERICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 76 NORTH AMERICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 77 NORTH AMERICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 78 NORTH AMERICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 79 NORTH AMERICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 80 NORTH AMERICA: TRAFFIC MANAGEMENT INDUSTRY, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 81 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.2.3 US
                    9.2.3.1 Government initiatives to revamp, expand, and modernize existing traffic management infrastructure
                               TABLE 82 US: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 83 US: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 84 US: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 85 US: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 86 US: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 87 US: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 88 US: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 89 US: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 90 US: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 91 UNITED STATES: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.2.4 CANADA
                    9.2.4.1 Development of smart cities
                               TABLE 92 CANADA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 93 CANADA: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 94 CANADA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 95 CANADA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 96 CANADA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 97 CANADA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 98 CANADA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 99 CANADA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 100 CANADA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 101 CANADA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
    9.3 EUROPE 
           9.3.1 EUROPE: MARKET DRIVERS
           9.3.2 EUROPE: RECESSION IMPACT
                    FIGURE 37 EUROPE: TRAFFIC MANAGEMENT MARKET SNAPSHOT
                    TABLE 102 EUROPE: MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 103 EUROPE: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 104 EUROPE: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 105 EUROPE: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 106 EUROPE: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 107 EUROPE: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 108 EUROPE: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 109 EUROPE: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 110 EUROPE: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 111 EUROPE: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 112 EUROPE: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 113 EUROPE: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 114 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 115 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.3.3 UK
                    9.3.3.1 Government initiatives to standardize transport interfaces supported by collaborations and partnerships
                               TABLE 116 UK: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 117 UK: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 118 UK: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 119 UK: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 120 UK: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 121 UK: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 122 UK: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 123 UK: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 124 UK: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 125 UK: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Government investment in road safety, traffic flow, and congestion alleviation
                               TABLE 126 ITALY: TRAFFIC MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 127 ITALY: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 128 ITALY: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 129 ITALY: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 130 ITALY: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 131 ITALY: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 132 ITALY: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 133 ITALY: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 134 ITALY: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 135 ITALY: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.3.5 GERMANY
                    9.3.5.1 Road reconstruction: Big part of 2030 Federal Transport Infrastructure Plan
           9.3.6 FRANCE
                    9.3.6.1 Advancements in robotics and IoT, especially in public transportation
           9.3.7 SPAIN
                    9.3.7.1 Technology to play pivotal role in Spain’s traffic management efforts
           9.3.8 REST OF EUROPE
    9.4 ASIA PACIFIC 
           9.4.1 ASIA PACIFIC: MARKET DRIVERS
           9.4.2 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 38 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET SNAPSHOT
                    TABLE 136 ASIA PACIFIC: MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 137 ASIA PACIFIC: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 138 ASIA PACIFIC: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 139 ASIA PACIFIC: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 140 ASIA PACIFIC: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 141 ASIA PACIFIC: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 142 ASIA PACIFIC: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 143 ASIA PACIFIC: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 144 ASIA PACIFIC: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 145 ASIA PACIFIC: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 146 ASIA PACIFIC: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 148 ASIA PACIFIC: MARKET, BY COUNTRY/REGION, 2018–2022 (USD MILLION)
                    TABLE 149 ASIA PACIFIC: MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
           9.4.3 CHINA
                    9.4.3.1 Investment in IoVT for more efficient systems
                               TABLE 150 CHINA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 151 CHINA: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 152 CHINA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 153 CHINA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 154 CHINA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 155 CHINA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 156 CHINA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 157 CHINA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 158 CHINA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 159 CHINA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.4.4 INDIA
                    9.4.4.1 Implementing AI-powered initiatives and technological solutions
                               TABLE 160 INDIA: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 161 INDIA: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 162 INDIA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 163 INDIA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 164 INDIA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 165 INDIA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 166 INDIA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 167 INDIA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 168 INDIA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 169 INDIA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.4.5 JAPAN
                    9.4.5.1 Establishment of digital agency for Society 5.0
           9.4.6 AUSTRALIA & NEW ZEALAND
                    9.4.6.1 Government collaboration with large players to head smart city projects
           9.4.7 REST OF ASIA PACIFIC
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
           9.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                    TABLE 170 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 171 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 172 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 173 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 174 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 175 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 176 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 177 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 178 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 179 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 180 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 181 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 182 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY/REGION, 2018–2022 (USD MILLION)
                    TABLE 183 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
           9.5.3 GCC COUNTRIES
                    TABLE 184 GCC COUNTRIES: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 185 GCC COUNTRIES: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 186 GCC COUNTRIES: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 187 GCC COUNTRIES: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 188 GCC COUNTRIES: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 189 GCC COUNTRIES: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 190 GCC COUNTRIES: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 191 GCC COUNTRIES: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 192 GCC COUNTRIES: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 193 GCC COUNTRIES: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 194 GCC COUNTRIES: TRAFFIC MANAGEMENT INDUSTRY, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 195 GCC COUNTRIES: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    9.5.3.1 UAE
                               9.5.3.1.1 Collaborations with prominent players to build smart traffic systems, especially focusing on road safety
                    9.5.3.2 KSA
                               9.5.3.2.1 Initiatives toward comprehensive transport planning analysis and performance reporting
                    9.5.3.3 REST OF GCC
           9.5.4 SOUTH AFRICA
                    9.5.4.1 Adoption of integrated IoT and cloud technologies
           9.5.5 REST OF MIDDLE EAST & AFRICA
    9.6 LATIN AMERICA 
           9.6.1 LATIN AMERICA: MARKET DRIVERS
           9.6.2 LATIN AMERICA: RECESSION IMPACT
                    TABLE 196 LATIN AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                    TABLE 197 LATIN AMERICA: TRAFFIC MANAGEMENT INDUSTRY, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 198 LATIN AMERICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 199 LATIN AMERICA: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 200 LATIN AMERICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 201 LATIN AMERICA: TRAFFIC MANAGEMENT SENSORS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 202 LATIN AMERICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 203 LATIN AMERICA: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 204 LATIN AMERICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 205 LATIN AMERICA: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 206 LATIN AMERICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 207 LATIN AMERICA: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 208 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 209 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           9.6.3 BRAZIL
                    9.6.3.1 Focus on vehicle monitoring and incident management
                               TABLE 210 BRAZIL: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
                               TABLE 211 BRAZIL: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 212 BRAZIL: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 213 BRAZIL: TRAFFIC MANAGEMENT HARDWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 214 BRAZIL: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 215 BRAZIL: TRAFFIC MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 216 BRAZIL: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 217 BRAZIL: TRAFFIC MANAGEMENT SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)
                               TABLE 218 BRAZIL: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 219 BRAZIL: TRAFFIC MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.6.4 MEXICO
                    9.6.4.1 Increase in demand for improved transport infrastructure
           9.6.5 REST OF LATIN AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 194)
     10.1 INTRODUCTION 
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             10.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY KEY TRAFFIC MANAGEMENT VENDORS
     10.3 REVENUE ANALYSIS 
               FIGURE 39 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS
     10.4 MARKET SHARE ANALYSIS 
               FIGURE 40 SHARE OF LEADING COMPANIES IN TRAFFIC MANAGEMENT INDUSTRY
               TABLE 220 TRAFFIC MANAGEMENT MARKET: DEGREE OF COMPETITION
     10.5 COMPANY EVALUATION MATRIX 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                       FIGURE 41 GLOBAL MARKET: COMPANY EVALUATION MATRIX, 2022
             10.5.5 MARKET: COMPANY FOOTPRINT
                       TABLE 221 COMPONENT FOOTPRINT
                       TABLE 222 SYSTEM FOOTPRINT
                       TABLE 223 REGION FOOTPRINT
                       TABLE 224 OVERALL FOOTPRINT
     10.6 START-UP/SME EVALUATION MATRIX, 2022 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                       FIGURE 42 GLOBAL MARKET: START-UP/SME EVALUATION MATRIX, 2022
             10.6.5 COMPETITIVE BENCHMARKING
                       TABLE 225 MARKET: DETAILED LIST OF KEY START-UPS/SMES
                       TABLE 226 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.7 RANKING OF KEY MARKET PLAYERS IN MARKET, 2022 
               FIGURE 43 RANKING OF KEY TRAFFIC MANAGEMENT VENDORS, 2022
     10.8 COMPETITIVE SCENARIO 
             10.8.1 PRODUCT LAUNCHES
                       TABLE 227 MARKET: PRODUCT LAUNCHES, 2019–2023
             10.8.2 DEALS
                       TABLE 228 TRAFFIC MANAGEMENT MARKET: DEALS, 2020–2023
     10.9 TRAFFIC MANAGEMENT PRODUCT BENCHMARKING 
             10.9.1 PROMINENT TRAFFIC MANAGEMENT SOLUTIONS
                       TABLE 229 COMPARATIVE ANALYSIS OF PROMINENT TRAFFIC MANAGEMENT SOLUTIONS
                       10.9.1.1 IBM Intelligent Transportation Solution
                       10.9.1.2 Huawei Intelligent Traffic Management System (ITMS)
                       10.9.1.3 Kapsch TrafficCom Intelligent Transportation Systems (ITS)
                       10.9.1.4 SWARCO Intelligent Traffic Management (SWARCO C-ITS)
     10.10 VALUATION AND FINANCIAL METRICS OF KEY TRAFFIC MANAGEMENT VENDORS 
               FIGURE 44 VALUATION AND FINANCIAL METRICS OF KEY TRAFFIC MANAGEMENT VENDORS
 
11 COMPANY PROFILES (Page No. - 212)
     11.1 MAJOR PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             11.1.1 HUAWEI
                       TABLE 230 HUAWEI: COMPANY OVERVIEW
                       FIGURE 45 HUAWEI: COMPANY SNAPSHOT
                       TABLE 231 HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 232 HUAWEI: DEALS
             11.1.2 MUNDYS SPA
                       TABLE 233 MUNDYS SPA: COMPANY OVERVIEW
                       FIGURE 46 MUNDYS SPA: COMPANY SNAPSHOT
                       TABLE 234 MUNDYS SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 235 MUNDYS SPA: PRODUCT LAUNCHES
                       TABLE 236 MUNDYS SPA: DEALS
             11.1.3 CISCO
                       TABLE 237 CISCO: COMPANY OVERVIEW
                       FIGURE 47 CISCO: COMPANY SNAPSHOT
                       TABLE 238 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 239 CISCO: PRODUCT LAUNCHES
                       TABLE 240 CISCO: DEALS
             11.1.4 SWARCO
                       TABLE 241 SWARCO: COMPANY OVERVIEW
                       TABLE 242 SWARCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 243 SWARCO: PRODUCT LAUNCHES
                       TABLE 244 SWARCO: DEALS
             11.1.5 TELEDYNE FLIR
                       TABLE 245 TELEDYNE FLIR: COMPANY OVERVIEW
                       FIGURE 48 TELEDYNE FLIR: COMPANY SNAPSHOT
                       TABLE 246 TELEDYNE FLIR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 247 TELEDYNE FLIR: PRODUCT LAUNCHES
                       TABLE 248 TELEDYNE FLIR: DEALS
             11.1.6 KAPSCH TRAFFICCOM
                       TABLE 249 KAPSCH TRAFFICCOM: COMPANY OVERVIEW
                       FIGURE 49 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
                       TABLE 250 KAPSCH TRAFFICCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 251 KAPSCH TRAFFICCOM: PRODUCT LAUNCHES
                       TABLE 252 KAPSCH TRAFFICCOM: DEALS
             11.1.7 SIEMENS
                       TABLE 253 SIEMENS: COMPANY OVERVIEW
                       FIGURE 50 SIEMENS: COMPANY SNAPSHOT
                       TABLE 254 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 255 SIEMENS: PRODUCT LAUNCHES
                       TABLE 256 SIEMENS: DEALS
             11.1.8 IBM
                       TABLE 257 IBM: COMPANY OVERVIEW
                       FIGURE 51 IBM: COMPANY SNAPSHOT
                       TABLE 258 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 259 IBM: OTHERS
             11.1.9 Q FREE
                       TABLE 260 Q-FREE: COMPANY OVERVIEW
                       FIGURE 52 Q-FREE: COMPANY SNAPSHOT
                       TABLE 261 Q-FREE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 262 Q-FREE: PRODUCT LAUNCHES
                       TABLE 263 Q-FREE: DEALS
             11.1.10 THALES GROUP
                       TABLE 264 THALES GROUP: COMPANY OVERVIEW
                       FIGURE 53 THALES GROUP: COMPANY SNAPSHOT
                       TABLE 265 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 266 THALES GROUP: DEALS
             11.1.11 PTV GROUP
                       TABLE 267 PTV GROUP: COMPANY OVERVIEW
                       TABLE 268 PTV GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 269 PTV GROUP: PRODUCT LAUNCHES
                       TABLE 270 PTV GROUP: DEALS
             11.1.12 CUBIC CORPORATION
                       TABLE 271 CUBIC CORPORATION: COMPANY OVERVIEW
                       TABLE 272 CUBIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 273 CUBIC CORPORATION: PRODUCT LAUNCHES
                       TABLE 274 CUBIC CORPORATION: DEALS
             11.1.13 TOMTOM
                       TABLE 275 TOMTOM: COMPANY OVERVIEW
                       FIGURE 54 TOMTOM: COMPANY SNAPSHOT
                       TABLE 276 TOMTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 277 TOMTOM: PRODUCT LAUNCHES
                       TABLE 278 TOMTOM: DEALS
             11.1.14 ST ENGINEERING
                       TABLE 279 ST ENGINEERING: COMPANY OVERVIEW
                       FIGURE 55 ST ENGINEERING: COMPANY SNAPSHOT
                       TABLE 280 ST ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 281 ST ENGINEERING: PRODUCT LAUNCHES
                       TABLE 282 ST ENGINEERING: DEALS
             11.1.15 CHEVRON TM
                       TABLE 283 CHEVRON TM: COMPANY OVERVIEW
                       TABLE 284 CHEVRON TM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 285 CHEVRON TM: PRODUCT LAUNCHES
                       TABLE 286 CHEVRON TM: DEALS
             11.1.16 INDRA
                       TABLE 287 INDRA: COMPANY OVERVIEW
                       TABLE 288 INDRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 289 INDRA: DEALS
             11.1.17 ECONOLITE
                       TABLE 290 ECONOLITE: COMPANY OVERVIEW
                       TABLE 291 ECONOLITE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     11.2 START-UP/SME PLAYERS 
             11.2.1 INRIX
             11.2.2 NOTRAFFIC
             11.2.3 TAGMASTER
             11.2.4 BERCMAN TECHNOLOGIES
             11.2.5 VALERANN
             11.2.6 MIOVISION
             11.2.7 BLUESIGNAL
             11.2.8 TELEGRA
             11.2.9 ORIUX
             11.2.10 INVARION
             11.2.11 REKOR
 
12 ADJACENT MARKETS (Page No. - 279)
     12.1 SMART CITIES MARKET 
             12.1.1 MARKET DEFINITION
             12.1.2 MARKET OVERVIEW
             12.1.3 SMART CITIES MARKET, BY FOCUS AREA
                       TABLE 292 SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
                       TABLE 293 SMART CITIES MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
             12.1.4 SMART TRANSPORTATION MARKET, BY COMPONENT
                       TABLE 294 SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2020 (USD BILLION)
                       TABLE 295 SMART TRANSPORTATION MARKET, BY COMPONENT, 2021–2026 (USD BILLION)
             12.1.5 SMART CITIES MARKET, BY REGION
                       TABLE 296 SMART CITIES MARKET, BY REGION, 2016–2021 (USD BILLION)
                       TABLE 297 SMART CITIES MARKET, BY REGION, 2022–2027 (USD BILLION)
     12.2 PARKING MANAGEMENT MARKET 
             12.2.1 MARKET OVERVIEW
             12.2.2 PARKING MANAGEMENT MARKET, BY OFFERING
                       TABLE 298 PARKING MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 299 PARKING MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
             12.2.3 PARKING MANAGEMENT MARKET, BY SOLUTION
                       TABLE 300 PARKING MANAGEMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 301 PARKING MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
             12.2.4 PARKING MANAGEMENT MARKET, BY SERVICE
                       TABLE 302 PARKING MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 303 PARKING MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
             12.2.5 PARKING MANAGEMENT MARKET, BY PARKING SITE
                       TABLE 304 PARKING MANAGEMENT MARKET, BY PARKING SITE, 2018–2022 (USD MILLION)
                       TABLE 305 PARKING MANAGEMENT MARKET, BY PARKING SITE, 2023–2028 (USD MILLION)
             12.2.6 PARKING MANAGEMENT MARKET, BY APPLICATION
                       TABLE 306 PARKING MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 307 PARKING MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             12.2.7 PARKING MANAGEMENT MARKET, BY REGION
                       TABLE 308 PARKING MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 309 PARKING MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
 
13 APPENDIX (Page No. - 288)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
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The research study involved four major activities in estimating the traffic management market size. Exhaustive secondary research has been done to collect important information about the market and peer markets. The next step has been to validate these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. Several journals and various associations, such as the International Road Federation (IRF), International Traffic Safety Data and Analysis Group (IRTAD), The World Road Association (PIARC), the American Traffic Safety Services Association (ATSSA), and the Traffic Management Association of Australia (TMAA) were also referred to. Secondary research was mainly done to obtain essential information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, and regional outlook and developments from both market and technology perspectives.

Primary Research

In the primary research, various sources from both the supply and demand sides were interviewed to obtain the qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, equipment manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the traffic management market ecosystem.

Traffic Management Market Size, and Share

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

Market Size Estimation

In the market engineering process, top-down and bottom-up approaches and data triangulation methods have been used to estimate and validate the size of the traffic management market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Initially, MarketsandMarkets focuses on top-line investments and spending in the ecosystems. Further, major developments in the key market area have been considered.
  • Analyzing major original equipment manufacturers (OEMs), studying their product portfolios, and understanding different applications of their solutions.
  • Analyzing the trends related to adopting different types of authentications and brand protection equipment.
  • Tracking the recent and upcoming developments in the traffic management market that include investments, R&D activities, product launches, collaborations, mergers and acquisitions, and partnerships, as well as forecasting the market size based on these developments and other critical parameters.
  • Conduct multiple discussions with key opinion leaders to know about different types of authentications and brand protection offerings used and the applications for which they are used to analyze the breakup of the scope of work carried out by major companies.
  • Segmenting the market based on technology types concerning applications wherein the types are to be used and deriving the size of the global application market.
  • Segmenting the overall market into various market segments
  • Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

Market Size Estimation Methodology-Bottom-up approach

Traffic Management Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Market Size Estimation Methodology-top-down approach

Traffic Management Market Size, and Share

Data Triangulation

The traffic management market has been split into several segments and sub-segments after arriving at the overall market size from the estimation process explained above. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

The traffic management market size has been validated using top-down and bottom-up approaches.

Market Definition

According to PIARC (World Road Association), traffic management refers to the combination of measures that serve to preserve traffic capacity and improve the security, safety, and reliability of the overall road transport system. These measures use intelligent transportation systems (ITS), services, and projects in day-to-day operations that impact road network performance.

Stakeholders

  • Original Equipment Manufacturers (OEMs)
  • Internet of Things (IoT) Technology Vendors
  • Technology Vendors
  • Managed Service Providers (MSPs)
  • Networking and Communications Service Providers (CSPs)
  • Consulting and Advisory Firms
  • Regional Department of Public Transport Authorities
  • Governments and Urban Planning Agencies
  • Regional Associations
  • Investors and Venture Capitalists
  • Independent Software Vendors
  • Value-Added Resellers (VARs) and Distributors

Report Objectives

  • To determine and forecast the global traffic management market by component (hardware, solutions, and services), system, areas of application, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • To forecast the size of the market segments concerning five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • 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 a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
  • Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.

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 break-up of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further break-up of the North American market into countries contributing 75% to the regional market size
  • Further break-up of the Latin American market into countries contributing 75% to the regional market size
  • Further break-up of the Middle East & African market into countries contributing 75% to the regional market size
  • Further break-up of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
TC 2593
Published ON
Nov, 2023
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