Traffic Management Market

Report Code TC 2593
Published in Jan, 2025, By MarketsandMarkets™
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Traffic Management Market by Offering (Solutions (Traffic Monitoring & Analytics, Adaptive Traffic Control System, Traffic Enforcement Management), Services), Areas of Application, End-User and Region - Global Forecast to 2029

 

Overview

The traffic management market is projected to expand from USD 43.53 billion in 2024 to USD 75.74 billion by 2029, at a CAGR of 11.7% during the forecast period.

Traffic management has become a top priority for national governments as they work to achieve sustainable development goals. Government support for smart cities and environmental projects is fueling investments in Intelligent Transportation System (ITS). Government organizations are implementing more traffic control methods, including electronic toll collection and automated traffic enforcement, to boost compliance with traffic rules and decrease road congestion while making roads safer. Global events such as climate summits also push policymakers to adopt eco-friendly traffic solutions, emphasizing the importance of managing urban mobility.

Traffic Management Market

Attractive Opportunities in the Traffic Management Market

ASIA PACIFIC

Market growth in Asia Pacific can be attributed to the region's rapid urbanization and increasing vehicle ownership create a massive and persistent demand for effective traffic management solutions.

Introduction of new policies to create better environment for smart transportation development and traffic management by the Chinese government

Growing government investments in infrastructure development and smart city projects provide significant opportunities for companies offering innovative traffic management technologies.

The primary factors driving the growth of the Asia Pacific traffic management market is the strong government focus on infrastructure development and smart cities.

The adoption of AI, IoT, big data analytics, and other emerging technologies is driving innovation in traffic management systems in Asia Pacific.

Impact of AI on Traffic Management Market

Generative AI is transforming traffic management through its ability to create smarter and more predictive solutions. AI systems process live traffic data from sensors and cameras plus connected vehicles to spot traffic trends and locate busy areas before they adjust movement paths. The system automatically modifies traffic signals while guiding drivers to different paths and taking steps to stop crashes before they happen. The system uses artificial intelligence to send drivers real-time traffic information, route suggestions, and trip duration estimates, optimizing their driving while helping all drivers move faster. AI technology development creates better traffic management systems that adapt and recover from problems while serving individual driver needs.

Traffic Management Market Impact

Global Traffic Management Market Dynamics

Driver: Increasing concerns related to public safety

With the increase in population and the need to drive, road safety has become a priority for all citizens. According to the WHO, approximately 1.3 million people die yearly because of road traffic crashes, costing around 3% of the total GDP of some countries. To minimize this, the United Nations General Assembly has set a target of half the global number of accidents and injuries from road accidents by 2030 (A/RES/74/299). Individual country governments are also taking initiatives to minimize road crashes by making laws for public safety. For instance, the Indian government has launched an app called “Sukhad Yatra 1033,” enabling highway travelers to report potholes or other safety hazards on national highways. Facilities, such as foot over bridges and underpasses, are also provided by the government for pedestrians’ safety.

Restraint: Slow growth in the infrastructure sector

The traffic management system needs high data speed for real-time data analysis. Because of this requirement, the infrastructure needed to deploy the new technology is not growing simultaneously. The high cost of updating existing equipment requires enormous investments. The governments of various countries limit their capabilities to invest in road infrastructure. The presence of existing infrastructure provides an opportunity for traffic management companies to approach the governments of various countries to upgrade the traffic system and minimize traffic congestion in their country. The traffic management system also requires continuous upgrades and infrastructural deployments. More investment in traffic management systems would affect the country’s budget capacity and other industries.

 

Opportunity: Evolving 5G technology and transformation of traffic management system

For the traffic management market, 5G technology unlocks the efficiency of communications among people, vehicles, and traffic management authorities. Low latency delivers minimal delay between messages, allowing traffic control authorities to surface vital data insights quickly. Real-time communication powered by 5G enables traffic management authorities to improve overall traffic operations while helping in real-time traffic congestion. Traffic management authorities can use more data to make well-informed real-time decisions that speed up a time to value. When data is synthesized and contextualized, it provides visibility, risk prediction analytics, forecasting, and accessible reports for the traffic management ecosystem. Traffic operators can use this information to make better decisions about routes.

Challenge: Security threats and hacking challenges

The traffic management market has significant growth potential. However, maintaining data security and privacy is a key challenge players face in this market. The installed smart devices and sensors continuously generate a huge amount of data. This is expected to help organizations handling data gain insights into the market position of their competitors. This data is analyzed to generate actionable business insights; most of this data is processed at the edge and stored in the cloud occasionally. Most IoT-enabled devices are connected to various networks, such as mobile connectivity, public Wi-Fi, and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, privacy and security are two closely related issues for IoT devices in a large-scale deployment. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.

Global Traffic Management Market Ecosystem Analysis

The traffic management market is highly competitive and comprises many vendors who offer solutions to a specific or niche market segment. Several changes in the Traffic management market have occurred in recent years. Currently, the vendors are involved in various partnerships and collaborations to develop comprehensive solutions that address a wide range of requirements. Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), and Kapsch TrafficCom (Austria) are some of the major players operating in this ecosystem.

Top Companies in Traffic Management Market
 

Traffic monitoring and analytics segment to account for the largest market share during the forecast period

Modern transportation systems require traffic monitoring and analytics solutions to collect real-time data that helps optimize traffic movement and maintain safety. The systems combine IoT device's GPS with AI and machine learning to track road conditions, spot problems, and predict traffic delays. They generate insights that help adaptive traffic control systems work better, improve route planning during busy times, and handle traffic incidents effectively. These solutions help urban planners develop better road systems and sustainable transportation systems for the future. Traffic analytics improve vehicle routing to help reduce environmental emissions. Developing smart city projects and autonomous technology will produce better transportation systems that protect the environment and improve safety.

An inter-urban segment to register higher CAGR during the forecast period

Interurban traffic management works with toll payment systems to let people pay without dealing with manual processes. The system links to weather monitoring tools to send drivers accurate weather information while they drive. Inter-urban traffic management systems that use V2I communication and data analytics create more efficient roads while lowering emissions and helping drivers have better trips, which increases regional mobility and the economy. The system helps control traffic movement and finds road congestion while spotting accidents immediately. Traffic control technologies such as adaptive traffic signals, monitoring systems, and variable message signs help vehicles move without interruption and respond quickly to emergencies.

By region, Europe accounts for the largest market share during the forecast period.

Europe's robust IT infrastructure and substantial government funding make it a perfect market for traffic management technology. The UK stands ahead of other European nations because of its well-developed economy. The Amsterdam Smart City project and the European Commission's USD 7.29 billion investment in transport infrastructure show how the regions want to improve transportation for everyone. The goal of developing smarter transportation with green and integrated systems creates perfect conditions for traffic management innovation.

LARGEST MARKET IN 2024- 2029
EURPOE FASTEST GROWING MARKET IN THE REGION
Traffic Management Market by region

Recent Developments of Traffic Management Market

  • In September 2024, Teledyne Technologies introduced the TrafiBot Dual AI multispectral camera system. This advanced closed-circuit traffic camera is specifically designed to enhance bridge and tunnel safety. The system utilizes artificial intelligence to analyze real-time traffic conditions, mitigating risks such as collisions with unseen objects and rapid vehicle fires.
  • In July 2024, SWARCO acquired the Irish company Elmore Group, which provides various traffic management solutions, including LED traffic lights and maintenance services. This acquisition strengthens SWARCO's presence in the Irish ITS market, allowing it to offer enhanced turnkey solutions and better serve customers like Dublin City Council.
  • In February 2024, Yunex Traffic Italy partnered with Municipia SpA, part of the Engineering Group, to advance mobility and traffic management digitalization across Italian cities. This collaboration formalized through a Memorandum of Understanding (MoU), aims to reduce CO2 emissions and improve urban traffic efficiency.
  • In July 2023, Mundys and ACS Group formed a strategic collaboration agreement to bolster Abertis' global leadership in transport infrastructure concessions. The collaboration aims to support an investment plan to expand Abertis' asset portfolio and drive growth and value creation.

Key Market Players

List of Top Traffic Management Market Companies

The Traffic Management Market is dominated by a few major players that have a wide regional presence. The major players in the Traffic Management Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2019-2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD) Million/Billion
Segments Covered By Offering, Areas of Application, End-user, and Region
Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

 

Key Questions Addressed by the Report

What is the definition of the Traffic management market?
Traffic management involves the various strategies, techniques, and systems used to guide, control, and oversee the movement of vehicles and pedestrians on roadways, with a goal of improving safety, efficiency, and the overall flow of traffic.
What is the size of the Traffic management market?
The traffic management market is projected to grow from USD 43.53 billion in 2024 to USD 75.76 billion by 2029, at a CAGR of 11.7% during the forecast period.
What are the major drivers in the Traffic management market?
Major drivers in the traffic management market are increased traffic congestion and the need for road safety measures, rising demand for real-time traffic information to drivers and passengers, increasing concerns related to public safety, an increasing urban population, a rising number of vehicles, and inadequate infrastructure. These factors have increased demand for traffic management hardware, solutions, and services.
Who are the key players operating in the Traffic management market?
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). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, product launches/enhancements, and acquisitions to expand their footprint in the Traffic management market.
What are the opportunities for new entrants in the Traffic management market?
New entrants entering the traffic management market can seize the opportunity presented by the growing demand for innovative traffic management solutions, particularly in relation to urban congestion and road safety. This could involve developing and applying advanced technologies like artificial intelligence (AI) and machine learning for real-time traffic prediction and optimization. The Internet of Things (IoT) can also enhance connected infrastructure and smart traffic signals. Moreover, creating user-friendly mobile applications that provide real-time traffic updates and alternative routes for drivers is another avenue to explore.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    MARKET SEGMENTATION
    REGIONS COVERED
    YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    PRIMARY DATA
    - BREAKUP OF PRIMARY PROFILES
    - KEY INDUSTRY INSIGHTS
  • 2.2 MARKET BREAKUP AND DATA TRIANGULATION
  • 2.3 MARKET SIZE ESTIMATION
    TOP-DOWN APPROACH
    BOTTOM-UP APPROACH
  • 2.4 MARKET FORECAST
  • 2.5 ASSUMPTIONS FOR THE STUDY
  • 2.6 LIMITATIONS OF THE STUDY
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
  • 4.1 TRAFFIC MANAGEMENT MARKET, BY OFFERING
  • 4.2 TRAFFIC MANAGEMENT MARKET, BY AREA OF APPLICATION
  • 4.3 TRAFFIC MANAGEMENT MARKET, BY END USER
  • 4.4 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY TOP KEY OFFERING AND AREA OF APPLICATION
MARKET OVERVIEW
5
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.3 BRIEF HISTORY OF TRAFFIC MANAGEMENT
  • 5.4 TRAFFIC MANAGEMENT: ECOSYSTEM ANALYSIS
  • 5.5 CASE STUDY ANALYSIS
  • 5.6 SUPPLY CHAIN ANALYSIS
  • 5.7 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA RELATED TO PROCESSORS AND CONTROLLERS (853010)
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    - NORTH AMERICA
    - EUROPE
    - ASIA PACIFIC
    - MIDDLE EAST & AFRICA
    - LATIN AMERICA
    KEY REGULATIONS
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF SOLUTIONS, BY KEY PLAYERS, 2023
    INDICATIVE PRICING ANALYSIS OF END-USER, 2023
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - ARTIFICIAL INTELLIGENCE (AI)
    - INTERNET OF THINGS(IOT)
    - GEOGRAPHIC INFORMATION SYSTEMS (GIS)
    - AUTOMATIC NUMBER PLATE RECOGNITION (ANPR)
    - VEHICLE-TO-INFRASTRUCTURE (V2I) AND VEHICLE-TO-EVERYTHING (V2X)
    COMPLIMENTARY TECHNOLOGIES
    - EDGE COMPUTING
    - BIG DATA AND ANALYTICS
    - 5G
    - CLOUD COMPUTING
    - VECTOR DATABASES AND FULL-TEXT SEARCH ENGINES (FTS)
    - MULTI-MODEL DATABASES
    ADJACENT TECHNOLOGIES
    - ADVANCED TRAFFIC MANAGEMENT SYSTEMS (ATMS)
    - SMART CITY SOLUTIONS
    - BLOCKCHAIN
  • 5.10 PATENT ANALYSIS
    LIST OF MAJOR PATENTS
  • 5.11 PORTERS FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS/ BUYERS
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.14 KEY CONFERENCES AND EVENTS, 2025-2026
  • 5.15 TECHNOLOGY ROADMAP FOR TRAFFIC MANAGEMENT MARKET
    SHORT-TERM ROADMAP (2025 – 2026)
    MID-TERM ROADMAP (2027 – 2028)
    LONG-TERM ROADMAP (2029 – 2030)
  • 5.16 BEST PRACTISES IN TRAFFIC MANAGEMENT MARKET
  • 5.17 CURRENT AND EMERGING BUSINESS MODELS
  • 5.18 TOOLS, FRAMEWORKS, AND TECHNIQUES USED IN TRAFFIC MANAGEMENT
  • 5.19 TRADE ANALYSIS (8530)
  • 5.20 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
  • 5.21 IMPACT OF GENERATIVE AI IN TRAFFIC MANAGEMENT
TRAFFIC MANAGEMENT MARKET, BY OFFERING
6
  • 6.1 INTRODUCTION
    OFFERING: TRAFFIC MANAGEMENT MARKET DRIVERS
  • 6.2 SOLUTIONS
    TRAFFIC MONITORING & ANALYTICS
    ADAPIVE TRAFFIC CONTROL
    TRAFFIC ENFORCEMENT MANAGEMENT
    INCIDENT DETECTION AND MANAGEMENT
    ELECTRONIC TOLL MANAGEMENT
    OTHER SOLUTIONS (TRAFFIC SIMULATION AND MODELING, AND PRIORITY BASED TRAFFIC MANAGEMENT SOLUTION, CORRIDOR MANAGEMENT )
  • 6.3 SERVICES
    CONSULTING SERVICES
    IMPLEMENTATION SERVICES
    SUPPORT AND MANITAINENCE SERVICES
TRAFFIC MANAGEMENT MARKET, BY AREA OF APPLICATION
7
  • 7.1 INTRODUCTION
    AREA OF APPLICATION: TRAFFIC MANAGEMENT MARKET DRIVERS
  • 7.2 URBAN
  • 7.3 INTER-URBAN
  • 7.4 RURAL
TRAFFIC MANAGEMENT MARKET, BY END-USER
8
  • 8.1 INTRODUCTION
    END-USER: TRAFFIC MANAGEMENT MARKET DRIVERS
  • 8.2 GOVERNMENT AGENCIES AND MUNCIPALITIES
  • 8.3 PRIVATE ENTERPRISES
    TRAFFIC MANAGEMENT MARKET BY REGION
TRAFFIC MANAGEMENT MARKET BY REGION
9
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    NORTH AMERICA: TRAFFIC MANAGEMENT MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    UNITED STATES
    CANADA
  • 9.3 EUROPE
    EUROPE: TRAFFIC MANAGEMENT MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR EUROPE
    UNITED KINGDOM
    GERMANY
    FRANCE
    ITALY
    SPAIN
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    JAPAN
    AUSTRALIA & NEW ZEALAND
    INDIA
    REST OF ASIA PACIFIC
  • 9.5 MIDDLE EAST AND AFRICA
    MIDDLE EAST AND AFRICA: TRAFFIC MANAGEMENT MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR MDDLE EAST AND AFRICA
    UAE
    SAUDI ARABIA
    QATAR
    AFRICA
    REST OF MIDDLE EAST
  • 9.6 LATIN AMERICA
    LATIN AMERICA: TRAFFIC MANAGEMENT MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR LATIN AMERICA
    BRAZIL
    MEXICO
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
10
  • 10.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 10.2 MARKET SHARE ANALYSIS
  • 10.3 REVENUE ANALYSIS
  • 10.4 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    DEFINITIONS AND METHODOLOGY
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - COMPANY FOOTPRINT
    - REGION FOOTPRINT
    - OFFERING FOOTPRINT
    - AREA OF APPLICATION FOOTPRINT
    - END USER FOOTPRINT
  • 10.5 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    DEFINITIONS AND METHODOLOGY
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - DETAILED LIST OF KEY STARTUPS/SMES
    - COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 10.6 COMPETITIVE SCENARIO AND TREND
    PRODUCT LAUNCHES
    DEALS
    OTHERS
  • 10.7 BRAND/PRODUCT COMPARISON
  • 10.8 COMPANY VALUATION AND FINANCIAL METRICS OF KEY EMOTION AI SOLUTION PROVIDERS
  • 10.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
11
  • 11.1 KEY PLAYERS
    HUAWEI
    - Business and Financial Overview
    - Recent developments
    - MNM View
    MUNDYS SPA
    - Business and Financial Overview
    - Recent developments
    - MNM View
    CISCO
    - Business and Financial Overview
    - Recent Developments
    - MnM View
    SWARCO
    - Business and Financial Overview
    - Recent developments
    - MnM View
    TELEDYNE FLIR
    - Business and Financial Overview
    - Recent developments
    - MnM View
    KAPSCH TRAFFICCOM
    - Business and Financial Overview
    - Recent developments
    SIEMENS
    - Business and Financial Overview
    - Recent developments
    IBM
    - Business and Financial Overview
    - Recent developments
    Q FREE
    - Business and Financial Overview
    - Recent developments
    THALES GROUP
    - Business and Financial Overview
    - Recent developments
    PTV GROUP
    CUBIC CORPORATION
    TOM TOM
    ST ENGINEERING
    CHEVRON TM
    INDRA
    ECONOLITE
  • 11.2 STARTUPS/SMES
    INRIX
    NOTRAFFIC
    TAGMASTER
    BERCMAN TECHNOLOGIES
    VALERANN
    MIOVISION
    BLUESIGNAL
    TELEGRA
    ORIUX
    INVARION
    REKOR
ADJACENT AND RELATED MARKETS
12
  • 12.1 ADJACENT AND RELATED MARKETS
  • 12.2 SMART TRANSPORTATION MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 12.3 TRANSPORTATION MANAGEMENT SYSTEM MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
APPENDIX
13
  • 13.1 ADJACENT REPORTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.4 AVAILABLE CUSTOMIZATIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS

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 and assumptions and size them 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

The market size of the companies offering traffic management solutions to various end users was arrived at based on the secondary data available through paid and unpaid sources and by analyzing the product portfolios of major companies in the ecosystem and rating the companies based on their performance and quality. In the secondary research process, various sources were referred to identify and collect information for the 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 used to obtain critical information about industry insights, the market’s monetary chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market-oriented and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report, Such as Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from business development, marketing, and product development/innovation teams, and related key executives from Traffic management solutions vendors, system integrators, professional and managed service providers, industry associations, independent consultants, and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, data on revenue collected from platforms and services, market breakups, market size estimations, market forecasts, and data triangulation. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Finance Officers (CFOs), Chief Strategy Officers (CSOs), and the installation team of end users who use Traffic management solutions, were interviewed to understand buyers’ perspectives on suppliers, products, service providers, and their current usage of Traffic management solutions which is expected to affect the overall Traffic management market growth.

Traffic Management Market Size, and Share

Note 1: Tier 1 companies have revenues over USD 1 billion, Tier 2 companies range between USD 500
million and 1 billion in overall revenues, and Tier 3 companies have revenues less than USD 500 million.
Other designations include sales managers, marketing managers, and product managers.
Source: Industry Experts

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

Market Size Estimation

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

Traffic Management Market : Top-Down and Bottom-Up Approach

Traffic Management Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the above estimation process, the Traffic management market has been split into several segments and sub-segments. 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, segment, and forecast the traffic management market based on offering, area of application, end-user, and region
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To study the complete supply chain and related industry segments and perform a supply chain analysis of the market landscape
  • To strategically analyze the macro and micro-markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the industry trends, pricing data, patents, and innovations related to the market
  • To analyze the opportunities for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies
  • To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, and collaborations, in the market

Available Customizations

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

Geographic Analysis as per Feasibility

  • 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)

Previous Versions of this Report

Traffic Management Market by Component, System (Urban Traffic Management, Adaptive Traffic Control, Journey Time Management, Predictive Traffic Modeling, Incident Detection & Location, and Dynamic Traffic Management), & Region - Global Forecast to 2027

Report Code TC 2593
Published in Sep, 2022, By MarketsandMarkets™

Traffic Management Market by Solution (Smart Signaling, Route Guidance and Route Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Service, System, and Region - Global Forecast to 2026

Report Code TC 2593
Published in Aug, 2021, By MarketsandMarkets™

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

Report Code TC 2593
Published in Feb, 2020, By MarketsandMarkets™

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

Report Code TC 2593
Published in Jan, 2019, By MarketsandMarkets™

Traffic Management Market by Software (Smart Signaling, Route Guidance, Traffic Analytics, and Smart Survelliance), Hardware (Display Boards, Sensors, Surveillance Cameras, and Others), Service, System, and Region - Global Forecast to 2022

Report Code TC 2593
Published in Jun, 2017, By MarketsandMarkets™

Traffic Management Market by Solutions (ELV, Full Pedestrian, Led Signals & Retrofit Solutions, Intersection Controllers Parking Space and Toll Management), Detection (AGPVD, Loop Detection & CCTV and ANPR), & by Region - Global forecast to 2020

Report Code TC 2593
Published in Jan, 2016, By MarketsandMarkets™

Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019)

Report Code TC 2593
Published in Jul, 2014, By MarketsandMarkets™

Traffic Management Market by Offering (Solutions (Traffic Monitoring & Analytics, Adaptive Traffic Control System, Traffic Enforcement Management), Services), Areas of Application, End-User and Region - Global Forecast to 2029

Report Code TC 2593
Published in Jan, 2025, By MarketsandMarkets™

Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019)

Report Code TC 2593
Published in Jan, 2011, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Traffic Management Market

Vilde

Jun, 2019

Interested in LiDAR (Lighting Detection And Ranging) in the traffic.

Tommaso

Jun, 2018

Understanding the market segments of Traffic Management Market.

Alp

Jun, 2019

Intersted in Traffic management market.

James

Sep, 2013

Interseted in Traffic management market.

sandrine

Jun, 2017

Interested in sensor technology in traffic management market.

Ayanda

Feb, 2015

Interested in traffic management market in south africa .

Constantinos

Oct, 2018

Understanding the market size and growth in traffic management system and itelligent transport systems..

Thierry

Jul, 2016

Interseted in Traffic management market.

G

May, 2019

Interested in Trafiic control market.

Bogdan

Mar, 2019

Interested in Traffic management market in south africa .

Dimitry

Jun, 2019

Understanding the market segments of Traffic Management Market.

Fedor

Jun, 2019

Interested in Traffic Management Market.

Akshay

Dec, 2018

Understanding the close-loop traffic light control system market.

Dimitry

Jun, 2019

Understanding the market segments of Traffic Management Market.

Elif

Apr, 2019

Market prediction and future scope of traffic management system.

Richard

Feb, 2015

Segments and players in the solution segments.

Lukas

Oct, 2017

Interested in Traffic management market in south africa .

Bogdan

Aug, 2019

Interested in Traffic management market in south africa .

Claire

Jul, 2016

Interested in data on toll management solutions.

Govardhan

Jul, 2014

Interseted in Traffic management market.

DEVARAJU

Feb, 2019

Interested in Traffic Survey Market.

Tobias

Jan, 2019

Interested in market size and forecast of traffic management market.

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