Traffic Management Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast

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The traffic management market size was USD 36.40 Billion in 2021 and is expected to register a revenue CAGR of 11.6% during the forecast period, according to the latest analysis by Emergen Research. Increasing number of vehicles and insufficient infrastructure are key factors driving growth of the market. Development and launch of multiple smart vehicles by automotive giants are expected to create several opportunities for major market players. In addition, by launching linked and partially automated vehicles, automakers are gradually developing the market for autonomous vehicles. GPS and sensor technology, such as radar and ultrasonic, help autonomous vehicles to sense their environment. These vehicles have sophisticated control systems that analyze sensory data to determine best navigation routes and locate blind spots, obstructions, and pertinent signage. As driver assistance technologies advance in sophistication, more autonomous driving is anticipated.

The Global Traffic Management Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Traffic Management industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Traffic Management market along with crucial statistical data about the Traffic Management market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

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Key companies operating in the Traffic Management market include:

Cisco, Tomtom, Chevron, Siemens, IBM, Atkins, BioEnable, Omnitec Group, Cubic Corporation, and Kapsch TrafficCom

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Traffic Management market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Traffic Management Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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Traffic Management Market Segmentation:

Component Outlook (Revenue, USD Billion; 2019–2030)
Hardware
Solution
Services
System Outlook (Revenue, USD Billion; 2019–2030)
Urban Traffic Management and Control
Adaptive Traffic Control System
Predictive Traffic Modelling System
Others
Regional Outlook (Revenue, USD Billion; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle east & Africa
 

Traffic Management Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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