HOME Press Releases Traffic Management Market worth 59.48 Billion USD by 2022



Traffic Management Market worth 59.48 Billion USD by 2022


The report "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", The traffic management market size is expected to grow from USD 22.96 Billion in 2017 to USD 59.48 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period.

     Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 82 market data tables and 72 figures spread through 171 pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/traffic-management-market-1036.html
Early buyers will receive 10% customization on reports.

The demand for traffic management market is driven by factors, such as high demographic growth and hyper urbanization in developing countries, and government initiatives for traffic management under smart cities models. With the increase in the deployment of smart transportation solutions among the smart cities, the traffic management market is expected to gain a major traction during the forecast period.

The traffic management software segment is expected to contribute to the largest market share.

The traffic management software segment is expected to hold the largest market share. The scope of this traffic management software covers smart signaling, route guidance, traffic analytics, and smart surveillance. There has been a tremendous increase in urban population, resulting in traffic congestions across the city, which has increased the need to manage and control the traffic. The traffic management software ensures streamlining of traffic information for predictive analytics and traffic enforcement.

Deployment and integration services segment is expected to grow at the highest CAGR during the forecast period.

The deployment and integration services segment is expected to have the largest market share and projected to grow at the highest CAGR during the forecast period. Deployment and integration services help in reducing the deployment and integration time. These services are crucial for developing end-to-end traffic smart signaling, route guidance, traffic analytics, and smart surveillance solutions for the traffic management market. The increasing requirement for upgrading traditional traffic management systems to support various smart cities and traffic management drives the deployment and integration services segment in the traffic management market.

Europe is expected to contribute to the largest market share, whereas Asia Pacific to grow at the fastest CAGR during the forecast period.

Europe is expected to hold the largest market share and dominate the traffic management market from 2017 to 2022. The region has been extremely responsive toward adopting the latest technological advancements, such as smart signaling and route guidance software. The major growth drivers for this region are the large-scale investments in the smart transportation and smart cities projects and need for better traffic management and control mechanisms. The Asia Pacific (APAC) region is in the initial growth phase; however, it is the fastest-growing region in the global traffic management market. Increased urbanization has resulted in traffic congestions. High adoption of solutions to minimize congestions, along with better traffic management and control, has led to a wider demand of traffic management solutions in the APAC region.

The major vendors providing traffic management are Accenture PLC (Dublin, Ireland), Atkins Group (London, UK), Cellint (Tel Aviv, Israel), Cisco Systems, Inc. (California, US), Citilog (Arcueil, France), Cubic Corporation (California, US), EFKON AG (Raaba, Austria), Esri (California, US), FLIR Systems, Inc. (Oregon, US), IBM Corporation (New York, US), Indra Sistemas, S.A. (Madrid, Spain), Industrial Management Technology & Contracting (IMTAC) LLC (Muscat, Sultanate of Oman), IntelliVision Technologies (California, US), Iteris, Inc. (Delaware, US), Jenoptik AG (Jena, Germany), Kapsch TrafficCom AG (Vienna, Austria), Lanner Electronics Inc. (New Taipei, Taiwan), LG CNS Co. Ltd. (Seoul, South Korea), Metro Infrasys Pvt. Ltd. (New Delhi, India), PTV Planung Transport Verkehr AG (Baden-Württemberg, Germany), Q-Free ASA (Trondheim, Norway), Siemens AG (Munich, Germany), SWARCO AG (Wattens, Austria), TransCore, LP (Pennsylvania, US), and Savari, Inc. (California, US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports