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Traffic Management Systems Market
Traffic Management Systems Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware (Sensors, Cameras, Others), Solutions (Traffic Monitoring, Remote Enforcement, Others), Services), Deployment (Cloud, On-premise), Technology (IoT, AI, Others) & Geography - Global Forecasts to 2031
Report ID:MRICT - 104989 Pages: 228 Jan-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 2 to 4 HoursTraffic Management Systems Market Size & Forecast
The Traffic Management Systems Market is expected to reach above $58.13 billion by 2031, at a CAGR of 14.1% from 2024 to 2031.The growth of the traffic management systems market is driven by increasing government investments in improving road safety, the rising need to ease traffic congestion, and growing urbanization. However, the high capital and maintenance costs of traffic management systems restrain the growth of this market.
The growing reliance on real-time traffic information and the proliferation of smart cities are expected to generate growth opportunities for the stakeholders in this market. However, the lack of technology adoption in developing countries and the incompatibility and lack of interoperability among different traffic management systems are major challenges impacting market growth.
Additionally, the integration of Artificial Intelligence (AI) in traffic management systems and the utilization of 5G technology for improved accuracy are prominent trends in the traffic management systems market.
Traffic Management Systems Market Growth Drivers
Increasing Traffic Congestion Boosting the Need for Traffic Management Systems
Road traffic leads to longer commutes and decreased productivity. Traffic congestion has a tremendous rippling effect on cities, affecting travel and transport, and thus economic development. There is also an increased risk of road accidents due to traffic congestion. In cases of road rage, drivers engage in risky driving behaviors, including speeding, cutting off other motorists, or tailgating other vehicles out of frustration because of increased traffic congestion. In addition, there is a rise in air pollution, which poses environmental and health risks. Frequent stopping and starting reduces vehicles’ fuel economy and raises pollutant levels. Also, vehicles use more fuel when idle in queues, resulting in financial losses.
Countries are bearing huge costs due to traffic delays, congestion, stoppage of signals, losses in terms of time and fuel, and related factors. For instance, in 2023, annual traffic congestion costs in Bengaluru (India) reached INR 19,725 crores (USD 2,396.9 million). Also, according to the INRIX 2022 Global Traffic Scorecard, congestion cost U.S. drivers over USD 81 billion, U.K. drivers nearly EUR 9.5 billion (USD 10.0 billion), and German drivers EUR 3.9 billion (USD 4.1 billion) in 2022. Such costs can only be reduced by deploying traffic management systems across cities. Traffic management systems help progressively move vehicles through green lights, enable faster tolling of vehicles, make route planning more efficient, and reduce congestion.
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Rising Urbanization Supporting Market Growth
According to the World Bank Group (U.S.), around 56% of the world’s population (4.4 billion) lives in cities. The urban population is expected to more than double by 2050, with nearly 7 of 10 people living in cities. Urbanization contributes to sustainable growth through increased productivity and innovation. However, urbanization brings challenges, such as the elevated demand for housing and viable infrastructure, including transport.
Moreover, the majority of daily travel is comprised of commutes to work, while aggregation economics favors the centralization of multiple employment industries in urban areas. Urbanization leads to population growth and a shortage of land for roads, resulting in traffic congestion and road accidents. Traffic management systems can help reduce traffic in urban areas.
Furthermore, traffic management systems for route & transportation planning can help cities overcome problems caused by urbanization. They also help in designing and building robust traffic corridors and intersections. For instance, Cubic Corporation (U.S.) offers Synchro Studio, a robust, user-friendly traffic signal timing application that empowers traffic engineers and transportation planners to design and optimize traffic signals, corridors, and networks to improve mobility, reduce congestion, and enhance road safety. Such solutions can help cities overcome traffic problems. Thus, rising urbanization is increasing the need for traffic management systems, driving the growth of this market.
Traffic Management Systems Market Growth Opportunity
Growing Reliance on Real-time Traffic Information Increasing the Utilization of Traffic Management Systems
Real-time traffic information aids in monitoring traffic, allowing drivers and passengers to plan their routes better. Drivers receive crucial information related to traffic congestion, road closures, and other situations that may affect their travel in real time. As this information reduces travel time and congestion, it can also help in lowering vehicular emissions. This information is directly transmitted to linked drivers through GPS devices, directing them to take alternate, less crowded routes.
Drivers are able to receive real-time traffic data as alerts while driving, forewarning them of approaching unexpected traffic incidents and providing them with alternative route options and full visibility of the traffic situation on scheduled routes.
Additionally, real-time traffic information enables proactive decision-making, allowing fleet drivers to react effectively to road accidents, failures, and delays, improving fleet operations. These benefits have increased drivers’ reliance on real-time traffic information. Various companies operating in this market provide real-time traffic data to help travelers make informed decisions. For instance, TomTom B.V. (Netherlands), a Dutch multinational developer and creator of location technology and consumer electronics, provides real-time information about traffic jams, estimated travel time, and road closures to drivers, fleet and logistics providers, on-demand services (ride-hailing, food delivery), and traffic management authorities.
Moreover, market players are focused on partnerships and collaborations to offer advanced real-time traffic information solutions to customers. For instance, in June 2021, TomTom N.V. (Netherlands) signed a new multiyear agreement with GreenMile LLC (U.S.), a logistics software company specializing in last-mile transportation, to integrate TomTom Maps APIs into GreenMile’s solutions, enhancing customers’ vehicle monitoring and real-time route planning. Thus, the increasing reliance on real-time traffic information is driving the development of advanced solutions and increasing the utilization of traffic management systems, generating growth opportunities for market players.
Traffic Management Systems Market Growth Trends
Integration of Artificial Intelligence (AI) in Traffic Management Systems
The global population is growing rapidly due to urbanization, increasing the burden on the world’s infrastructure, particularly transportation systems. Artificial Intelligence (AI) has introduced innovative approaches to reduce traffic congestion, enhance safety, and revolutionize urban mobility.
AI technologies have led to the development of tools that provide capabilities to analyze, detect, and forecast traffic patterns. Other key applications of AI in transportation include traffic detection and traffic sign recognition. AI-powered traffic detection systems monitor traffic conditions with sensors and cameras and push real-time data to drivers, traffic management systems, and transportation authorities. AI-based traffic management systems provide the following benefits:
- Traffic flow prediction
- Incident detection and management
- Adaptive traffic signal control
Utilization of 5G Technology for Improved Accuracy
5G technology has the potential to revolutionize many industries, including traffic management. As cities throughout the world struggle with increased traffic congestion and other road traffic issues, the importance of 5G in improving traffic management systems is increasingly being recognized. 5G provides unmatched speed, lower latency, and the ability to connect multiple devices simultaneously. These characteristics make it an excellent foundation for traffic management systems that rely on real-time data gathering and processing to optimize traffic flow and improve road safety.
One of the most important ways 5G technology influences traffic management is by enabling Vehicle-to-Everything (V2X) connectivity, which allows cars/drivers to respond quickly to changing road conditions, minimizing accidents, and optimizing traffic flow by exchanging information with other vehicles, infrastructure, and pedestrians.
Moreover, 5G improves the capacities of traffic management centers, allowing for faster operations. It also allows for the introduction of smart traffic lights, which modify their durations in real time to reduce congestion and improve traffic flow. 5G technology is becoming increasingly critical in improving traffic management systems as cities around the world seek to address traffic congestion and related issues.
Traffic Management Systems Market Analysis: Key Findings
By Offering: In 2024, the Hardware Segment to Dominate the Traffic Management Systems Market
Based on offering, the global traffic management systems market is segmented into hardware, solutions, and services. In 2024, the hardware segment is expected to account for the largest share of 53.8% of the global traffic management systems market. The large market share of this segment is attributed to the increasing deployment of surveillance cameras to identify vehicles, incidents, and traffic violators, the increasing need to install smart traffic signals due to growing traffic congestion incidents, and the rising focus of players operating in the market on development of hardware with advance facilities such as automatic number plate recognition.
For instance, in November 2021, Liverpool City Region (LCR) Combined Authority awarded a contract to Yunex GmbH (Germany), a provider of innovative mobility ecosystems and services, to supply and install 37 Zephyr air quality monitors for reviewing and analyzing environmental data. The data will be utilized to give immediate responses and enable the implementation of strategies based on real-time pollution, temperature, humidity data, and current air quality levels.
However, the solutions segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by the growing concern about traffic congestion and the rising need for remote enforcement solutions to identify & penalize traffic violations.
By Deployment Mode In 2024, the Cloud-Based Deployments Segment to Dominate the Traffic Management Systems Market
Based on deployment mode, the global traffic management systems market is segmented into cloud-based deployments and on-premise deployments. In 2024, the cloud-based deployments segment is expected to account for the larger share of 73.1% of the global traffic management systems market. The large market share of this segment is attributed to the increasing avenues for cloud-based deployments, superior flexibility and affordability offered by cloud-based deployments, and the increasing adoption of cloud-based traffic management systems.
Moreover, the cloud-based deployments segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by the rapid evolution of new security and advanced capability avenues for cloud-based deployments. For instance, in July 2020, Econolite Group, Inc. (U.S.), a company engaged in developing mobility products and software, launched Centracs Mobility, a highly flexible cloud-based software solution platform designed to provide added value and actionable information, augmenting the traffic management software toolset.
By Technology In 2024, the IoT Segment to Dominate the Traffic Management Systems Market
Based on technology, the global traffic management systems market is segmented into AI, big data, IoT, cloud computing, and other technologies. In 2024, the IoT segment is expected to account for the largest share of 33.1% of the global traffic management systems market. The large market share of this segment is attributed to factors such as the increasing utilization of IoT devices among traffic operators for monitoring driving behavior, gathering information on traffic patterns, ensuring a safe driving experience, and addressing emergencies and among automotive manufacturers to enable navigation capabilities in their vehicles.
For instance, in July 2023, NLEX Corporation (Philippines), a company engaged in the development, design, construction, finance, operation, and management of toll road projects, installed 12 additional cameras on the toll roads it manages and operates in the Philippines to provide safe and hassle-free mobility on expressways.
Moreover, the IoT segment is also projected to record the highest CAGR during the forecast period. The growth of this segment is driven by the growing use of connected devices in smart cities and the increasing integration of IoT technology in traffic management systems to ensure safe and hassle-free mobility. In addition, the benefits of IoT in traffic management, such as enabling connectivity across and between traffic management systems, increasing safety across intersections and highways, and providing accident detection capabilities, also contribute to segment growth.
Geographical Analysis
In 2024, Asia-Pacific is expected to account for the largest share of 30.4% of the global traffic management systems market. Asia-Pacific traffic management systems market is estimated to be worth USD 6.99 billion in 2024. The large market share of this segment is attributed to the presence of densely populated cities, the growing deployment of traffic management systems in the region to handle traffic flow, and increased congestion problems across urban cities. For instance, in September 2020, Beijing, China, installed a smart crosswalk that can send audio alerts to pedestrians. It uses facial recognition to catch traffic violators and display their faces on public video screens. It is the first smart zebra crossing in Beijing that can alert pedestrians through voice alerts and lights.
Moreover, Asia-Pacific is expected to record the highest CAGR during the forecast period. The growth of this market is driven by stakeholders' focus on the development of traffic management systems, rapidly growing urbanization in the region, and government initiatives for road infrastructure. For instance, in July 2020, Huawei Technologies Co., Ltd. (Japan), a leading global provider of information and communications technology (ICT) infrastructure and smart devices, launched an Intelligent Traffic Management Solution to address traffic problems. Huawei's Intelligent Traffic Management Solution harnesses advanced technologies, including big data, AI, cloud, 5G, and more, to address accidents and heavy congestion problems.
Traffic Management Systems Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the Traffic Management Systems market are IBM Corporation (U.S.), Johnson Controls International plc (Ireland), TomTom N.V. (Netherlands), Q-Free ASA (Norway), Indra Sistemas, S.A. (Spain), Cisco Systems, Inc. (U.S.), Huawei Investment & Holding Co., Ltd. (China), Cubic Corporation (U.S.), Yunex GmbH (Germany), Oriux (U.S.), Kapsch TrafficCom AG (Austria), SWARCO AG (Austria), TransCore (U.S.), Teledyne FLIR LLC (U.S.), PTV Planung Transport Verkehr GmbH (Germany), Chevron Traffic Management Limited (U.K.), Onnyx Electronisys Pvt. Ltd. (India), Miovision Technologies Incorporated (Canada), Econolite Group, Inc. (U.S.), and Bercman Technologies AS (Estonia).
Traffic Management Systems Industry Overview: Latest Developments from Key Industry Players
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In August 2023, TomTom N.V. (Netherlands) partnered with StreetLight Data, Inc. (U.S.), the leading Big Data company, to incorporate TomTom’s best-in-class global data into StreetLight’s growing line of cloud-based products that support transportation professionals with critical analytics for any road and any mode.
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In May 2023, GLOBALVIA Inversiones, S.A.U. (Spain), a Spanish multinational transport infrastructure company, announced the deployment of a new AI data analytics platform to monitor road traffic in real time to help improve safety and reduce incident response times on Ruta 27 (national route 27) in Costa Rica.
- In September 2022, SWARCO AG (Austria) entered into a cooperation agreement with MicroTraffic Inc. (Canada), a leading provider of microscopic traffic data for road safety engineers, to add an important feature to SWARCO’s MyCity software suite, which helps mitigate accidents involving vulnerable road users.
Traffic Management Systems Market Research Summary
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Particulars |
Details |
|
Number of Pages |
228 |
|
Format |
|
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Forecast Period |
2024–2031 |
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Base Year |
2023 |
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CAGR |
14.1% |
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Market Size (Value) |
Above USD 58.13 Billion by 2031 |
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Segments Covered |
By Offering
By Deployment Mode
By Technology
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|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan India, South Korea, and Rest of Asia-Pacific), Latin America and Middle East & Africa |
|
Key Companies |
IBM Corporation (U.S.), Johnson Controls International plc (Ireland), TomTom N.V. (Netherlands), Q-Free ASA (Norway), Indra Sistemas, S.A. (Spain), Cisco Systems, Inc. (U.S.), Huawei Investment & Holding Co., Ltd. (China), Cubic Corporation (U.S.), Yunex GmbH (Germany), Oriux (U.S.), Kapsch TrafficCom AG (Austria), SWARCO AG (Austria), TransCore (U.S.), Teledyne FLIR LLC (U.S.), PTV Planung Transport Verkehr GmbH (Germany), Chevron Traffic Management Limited (U.K.), Onnyx Electronisys Pvt. Ltd. (India), Miovision Technologies Incorporated (Canada), Econolite Group, Inc. (U.S.), and Bercman Technologies AS (Estonia) |
Key questions answered in the traffic management systems market report:
The traffic management systems market study focuses on the market assessment and opportunity analysis through the sales of traffic management systems across different region, and countries across different market segmentation, this study is also focused on competitive analysis for traffic management systems based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The global traffic management systems market is projected to reach above $58.13 billion by 2031, at a CAGR of 14.1% during the forecast period.
Based on offering, the hardware segment is expected to account for the largest share of the global traffic management systems market.
Based on deployment mode, the cloud-based deployment segment is expected to account for the larger share of the global traffic management systems market.
Based on technology, the IoT segment is expected to account for the largest share of the global traffic management systems market.
The growth of the traffic management systems market is driven by increasing government investments in improving road safety, the rising need to ease traffic congestion, and growing urbanization. The growing reliance on real-time traffic information and the proliferation of smart cities are expected to generate growth opportunities for the stakeholders in this market.
The key players operating in the traffic management systems market are IBM Corporation (U.S.), Johnson Controls International plc (Ireland), TomTom N.V. (Netherlands), Q-Free ASA (Norway), Indra Sistemas, S.A. (Spain), Cisco Systems, Inc. (U.S.), Huawei Investment & Holding Co., Ltd. (China), Cubic Corporation (U.S.), Yunex GmbH (Germany), Oriux (U.S.), Kapsch TrafficCom AG (Austria), SWARCO AG (Austria), TransCore (U.S.), Teledyne FLIR LLC (U.S.), PTV Planung Transport Verkehr GmbH (Germany), Chevron Traffic Management Limited (U.K.), Onnyx Electronisys Pvt. Ltd. (India), Miovision Technologies Incorporated (Canada), Econolite Group, Inc. (U.S.), and Bercman Technologies AS (Estonia).
Asia-Pacific is projected to register the highest growth rate over the coming years.
Related Tag:
Traffic Management Systems Market
Traffic Management System
Intelligent Transportation System
Traffic Monitoring
Adaptive Traffic Control System
Remote Enforcement
Congestion Management
Tolling System
Route Planning
Route Optimization
Vehicle Speed Monitoring
Smart Transportation
Bicycle and Pedestrian Monitoring
Overloaded Vehicle Detection
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Offering
3.3. Market Analysis, by Deployment Mode
3.4. Market Analysis, by Technology
3.5. Market Analysis, by Geography
3.6. Competition Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Government Investments in Improving Road Safety Driving the Implementation of Traffic Management Systems
4.2.2. Increasing Traffic Congestion Boosting the Need for Traffic Management Systems
4.2.3. Rising Urbanization Supporting Market Growth
4.2.4. High Capital and Maintenance Costs Limiting the Adoption of Traffic Management Systems
4.2.5. Growing Reliance on Real-Time Traffic Information Increasing the Utilization of Traffic Management Systems
4.2.6. Proliferation of Smart Cities Creating Market Growth Opportunities
4.2.7. Lack of Technology Adoption in Developing Countries Impacting Market Growth
4.2.8. Compatibility and Interoperability Concerns Limiting the Implementation of Traffic Management Systems
4.3. Trends
4.3.1. Integration of Artificial Intelligence (AI) In Traffic Management Systems
4.3.2. Utilization of 5G Technology for Improved Accuracy
4.4. Case Studies
4.4.1. Case Study A (Q-Free ASA Helped the City of Gold Coast Implement Its Transport Strategy)
4.4.2. Case Study B (SWARCO AG Helped the Colorado Department of Transportation Replace Traditional Traffic Solutions with An Adaptive Traffic Solution)
4.4.3. Case Study C (TransCore Helped the New York City Department of Transportation Reduce Travel Time by Integrating Traffic Management Solutions)
4.4.4. Case Study D (PTV Planung Transport Verkehr GmbH Improved Traffic Flow in Stellenbosch, South Africa)
5. Traffic Management Systems Market Assessment-by Offering
5.1. Overview
5.2. Hardware
5.2.1. Surveillance Cameras
5.2.2. Sensors
5.2.3. Display Boards/ Digital Signages
5.2.4. Other Hardware
5.3. Solutions
5.3.1. Traffic Monitoring
5.3.1.1. Congestion Management & Control
5.3.1.2. Vehicle Identification and Tracking
5.3.1.3. Vehicle Speed Monitoring
5.3.1.4. Overloaded Vehicle Detection
5.3.1.5. Bicycle and Pedestrian Monitoring
5.3.2. Traffic Signal Control
5.3.3. Route Planning & Optimization
5.3.4. Tolling & Faring
5.3.5. Remote Enforcement
5.3.6. Other Solutions
5.4. Services
5.4.1. Deployment & Integration Services
5.4.2. Maintenance & Support Services
5.4.3. Consulting Services
6. Traffic Management Systems Market Assessment-by Deployment Mode
6.1. Overview
6.2. Cloud-Based Deployments
6.3. On-Premise Deployments
7. Traffic Management Systems Market Assessment-by Technology
7.1. Overview
7.3. AI
7.4. Big Data
7.5. Cloud Computing
7.6. Other Technologies
8. Traffic Management Systems Market Assessment, by Geography
8.1. Overview
8.2. Asia-Pacific
8.2.1. Japan
8.2.2. China
8.2.3. India
8.2.4. South Korea
8.2.5. Rest of Asia-Pacific
8.3. Europe
8.3.1. Germany
8.3.2. U.K.
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. North America
8.4.1. U.S.
8.4.2. Canada
8.5. Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.1.1. Market Ranking by the Key Players
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
10. Company Profiles
10.1. Leading Players
10.1.1. TomTom N.V.
10.1.2. SWARCO AG
10.1.3. Kapsch TrafficCom AG
10.1.4. Yunex GmbH (A SUBSIDIARY OF Mundys SpA)
10.1.5. Q-Free ASA
10.1.6. Indra Sistemas, S.A.
10.1.7. Cubic Corporation
10.1.8. IBM Corporation
10.1.9. Johnson Controls International plc
10.1.10. Cisco Systems, Inc.
10.1.11. Huawei Technologies Co., Ltd. (A Subsidiaries of Huawei Investment & Holding Co., Ltd.)
10.1.12. TransCore (A Subsidiaries of ST Engineering)
10.1.13. Teledyne FLIR LLC (A Subsidiary of Teledyne Technologies Incorporated)
10.1.14. PTV Planung Transport Verkehr GmbH
10.1.15. Chevron Traffic Management Limited
10.1.16. Econolite Group, Inc.
10.2. Other Players
10.2.1. Miovision Technologies Incorporated
10.2.2. Oriux
10.2.3. Onnyx Electronisys Pvt. Ltd.
10.2.4. Bercman Technologies AS
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rate (2018-2023)
Table 2 Fuel Costs, Driving Time Spent, and CO2 Emissions During Congestion for an Average Vehicle (10 Km in City Centers)
Table 3 Global Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 4 Global Traffic Management Hardware Market, by Country/Region, 2022-2031 (USD Million)
Table 5 Global Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 6 Global Traffic Management Hardware Market for Surveillance Cameras, by Country/Region, 2022-2031 (USD Million)
Table 7 Global Traffic Management Hardware Market for Sensors, by Country/Region, 2022-2031 (USD Million)
Table 8 Global Traffic Management Hardware Market for Display Boards/Digital Signages, by Country/Region, 2022-2031 (USD Million)
Table 9 Global Other Traffic Management Hardware Market, by Country/Region, 2022-2031 (USD Million)
Table 10 Global Traffic Management Solutions Market, by Country/Region, 2022-2031 (USD Million)
Table 11 Global Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 12 Global Traffic Management Solutions Market for Traffic Monitoring, by Country/Region, 2022-2031 (USD Million)
Table 13 Global Traffic Management Solutions Market for Traffic Monitoring, by Type, 2022-2031 (USD Million)
Table 14 Global Traffic Management Solutions Market for Congestion Management & Control, by Country/Region, 2022-2031 (USD Million)
Table 15 Global Traffic Management Solutions Market for Vehicle Identification and Tracking, by Country/Region, 2022-2031 (USD Million)
Table 16 Global Traffic Management Solutions Market for Vehicle Speed Monitoring, by Country/Region, 2022-2031 (USD Million)
Table 17 Global Traffic Management Solutions Market for Overloaded Vehicle Detection, by Country/Region, 2022-2031 (USD Million)
Table 18 Global Traffic Management Solutions Market for Bicycle and Pedestrian Monitoring, by Country/Region, 2022-2031 (USD Million)
Table 19 Global Traffic Management Solutions Market for Traffic Signal Control, by Country/Region, 2022-2031 (USD Million)
Table 20 Global Traffic Management Solutions Market for Route Planning & Optimization, by Country/Region, 2022-2031 (USD Million)
Table 21 Global Traffic Management Solutions Market for Tolling & Faring, by Country/Region, 2022-2031 (USD Million)
Table 22 Global Traffic Management Solutions Market for Remote Enforcement, by Country/Region, 2022-2031 (USD Million)
Table 23 Global Other Traffic Management Solutions Market, by Country/Region, 2022-2031 (USD Million)
Table 24 Global Traffic Management Services Market, by Country/Region, 2022-2031 (USD Million)
Table 25 Global Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 26 Global Traffic Management Deployment & Integration Services Market, by Country/Region, 2022-2031 (USD Million)
Table 27 Global Traffic Management Maintenance & Support Services Market, by Country/Region, 2022-2031 (USD Million)
Table 28 Global Traffic Management Consulting Services Market, by Country/Region, 2022-2031 (USD Million)
Table 29 Global Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 30 Global Traffic Management Systems Market for Cloud-Based Deployments, by Country/Region, 2022-2031 (USD Million)
Table 31 Global Traffic Management Systems Market for On-Premise Deployments, by Country/Region, 2022-2031 (USD Million)
Table 32 Global Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 33 Global Traffic Management Systems Market for IoT, by Country/Region, 2022-2031 (USD Million)
Table 34 Global Traffic Management Systems Market for AI, by Country/Region, 2022-2031 (USD Million)
Table 35 Global Traffic Management Systems Market for Big Data, by Country/Region, 2022-2031 (USD Million)
Table 36 Global Traffic Management Systems Market for Cloud Computing, by Country/Region, 2022-2031 (USD Million)
Table 37 Global Traffic Management Systems Market for Other Technologies, by Country/Region, 2022-2031 (USD Million)
Table 38 Traffic Management Systems Market, by Country/Region, 2022-2031 (USD Million)
Table 39 Asia-Pacific: Traffic Management Systems Market, by Country/Region, 2022-2031 (USD Million)
Table 40 Asia-Pacific: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 41 Asia-Pacific: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 42 Asia-Pacific: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 43 Asia-Pacific: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 44 Asia-Pacific: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 45 Asia-Pacific: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 46 Asia-Pacific: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 47 Japan: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 48 Japan: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 49 Japan: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 50 Japan: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 51 Japan: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 52 Japan: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 53 Japan: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 54 China: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 55 China: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 56 China: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 57 China: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 58 China: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 59 China: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 60 China: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 61 India: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 62 India: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 63 India: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 64 India: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 65 India: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 66 India: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 67 India: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 68 South Korea: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 69 South Korea: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 70 South Korea: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 71 South Korea: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 72 South Korea: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 73 South Korea: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 74 South Korea: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 75 Rest of Asia-Pacific: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 76 Rest of Asia-Pacific: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 77 Rest of Asia-Pacific: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 78 Rest of Asia-Pacific: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 79 Rest of Asia-Pacific: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 80 Rest of Asia-Pacific: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 81 Rest of Asia-Pacific: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 82 Europe: Traffic Management Systems Market, by Country/Region, 2022-2031 (USD Million)
Table 83 Europe: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 84 Europe: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 85 Europe: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 86 Europe: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 87 Europe: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 88 Europe: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 89 Europe: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 90 Germany: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 91 Germany: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 92 Germany: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 93 Germany: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 94 Germany: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 95 Germany: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 96 Germany: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 97 U.K.: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 98 U.K.: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 99 U.K.: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 100 U.K.: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 101 U.K.: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 102 U.K.: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 103 U.K.: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 104 France: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 105 France: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 106 France: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 107 France: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 108 France: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 109 France: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 110 France: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 111 Italy: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 112 Italy: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 113 Italy: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 114 Italy: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 115 Italy: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 116 Italy: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 117 Italy: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 118 Spain: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 119 Spain: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 120 Spain: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 121 Spain: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 122 Spain: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 123 Spain: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 124 Spain: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 125 Rest of Europe: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 126 Rest of Europe: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 127 Rest of Europe: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 128 Rest of Europe: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 129 Rest of Europe: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 130 Rest of Europe: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 131 Rest of Europe: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 132 North America: Traffic Management Systems Market, by Country, 2022-2031 (USD Million)
Table 133 North America: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 134 North America: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 135 North America: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 136 North America: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 137 North America: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 138 North America: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 139 North America: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 140 U.S.: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 141 U.S.: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 142 U.S.: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 143 U.S.: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 144 U.S.: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 145 U.S.: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 146 U.S.: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 147 Canada: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 148 Canada: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 149 Canada: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 150 Canada: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 151 Canada: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 152 Canada: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 153 Canada: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 154 Latin America: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 155 Latin America: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 156 Latin America: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 157 Latin America: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 158 Latin America: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 159 Latin America: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 160 Latin America: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 161 Middle East & Africa: Traffic Management Systems Market, by Offering, 2022-2031 (USD Million)
Table 162 Middle East & Africa: Traffic Management Hardware Market, by Type, 2022-2031 (USD Million)
Table 163 Middle East & Africa: Traffic Management Solutions Market, by Type, 2022-2031 (USD Million)
Table 164 Middle East & Africa: Traffic Monitoring Solutions Market, by Type, 2022-2031 (USD Million)
Table 165 Middle East & Africa: Traffic Management Services Market, by Type, 2022-2031 (USD Million)
Table 166 Middle East & Africa: Traffic Management Systems Market, by Deployment Mode, 2022-2031 (USD Million)
Table 167 Middle East & Africa: Traffic Management Systems Market, by Technology, 2022-2031 (USD Million)
Table 168 Recent Developments by Major Market Players (2021-2024)
Table 169 Top Companies in the Traffic Management Systems Market
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Traffic Management Systems Market, by Offering, 2024 Vs. 2031 (USD Million)
Figure 11 Traffic Management Systems Market, by Deployment Mode, 2024 Vs. 2031 (USD Million)
Figure 12 Traffic Management Systems Market, by Technology, 2024 Vs. 2031 (USD Million)
Figure 13 Geographic Snapshot: Global Traffic Management Systems Market
Figure 14 Impact Analysis of Market Dynamics
Figure 15 Global Traffic Management Systems Market, by Offering, 2024 Vs. 2031 (USD Million)
Figure 16 Global Traffic Management Systems Market, by Deployment Mode, 2024 Vs. 2031 (USD Million)
Figure 17 Global Traffic Management Systems Market, by Technology, 2024 Vs. 2031 (USD Million)
Figure 18 Traffic Management Systems Market, by Geography, 2024-2031 (USD Million)
Figure 19 Asia-Pacific: Traffic Management Systems Market Snapshot
Figure 20 Europe: Traffic Management Systems Market Snapshot
Figure 21 North America: Traffic Management Systems Market Snapshot
Figure 22 Growth Strategies Adopted by Leading Market Players (2021-2024)
Figure 23 Vendor Market Positioning Analysis (2021-2023)
Figure 24 Competitive Dashboard: Traffic Management Systems Market
Figure 25 TomTom N.V.: Financial Overview (2023)
Figure 26 Swot Analysis: TomTom N.V.
Figure 27 Swot Analysis: SWARCO AG
Figure 28 Kapsch TrafficCom AG: Financial Overview (2023)
Figure 29 Swot Analysis: Kapsch TrafficCom AG
Figure 30 Mundys SPA: Financial Overview (2023)
Figure 31 Swot Analysis: Yunex GmbH
Figure 32 Q-Free ASA: Financial Overview (2023)
Figure 33 Swot Analysis: Q-Free ASA
Figure 34 Indra Sistemas, S.A.: Financial Overview (2023)
Figure 35 IBM Corporation: Financial Overview (2023)
Figure 36 Johnson Controls International plc: Financial Overview (2023)
Figure 37 Cisco Systems, Inc.: Financial Overview (2023)
Figure 38 Huawei Investment & Holding Co., Ltd.: Financial Overview (2023)
Figure 39 ST Engineering: Financial Overview (2023)
Figure 40 Teledyne Technologies Incorporated: Financial Overview (2023)
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Related Tag:
Traffic Management Systems Market
Traffic Management System
Intelligent Transportation System
Traffic Monitoring
Adaptive Traffic Control System
Remote Enforcement
Congestion Management
Tolling System
Route Planning
Route Optimization
Vehicle Speed Monitoring
Smart Transportation
Bicycle and Pedestrian Monitoring
Overloaded Vehicle Detection
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Related Tag:
Traffic Management Systems Market
Traffic Management System
Intelligent Transportation System
Traffic Monitoring
Adaptive Traffic Control System
Remote Enforcement
Congestion Management
Tolling System
Route Planning
Route Optimization
Vehicle Speed Monitoring
Smart Transportation
Bicycle and Pedestrian Monitoring
Overloaded Vehicle Detection
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