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The traffic management industry was worth $14.13B in 2023. With a predicted CAGR (compound annual growth rate) of 22.10% from 2024 to 2031, the traffic management market is expected to expand from USD 17.22 billion to USD 61.19 billion. Worldwide, more and more people are putting their small and heavy cars on the road, which leads to congestion. A major factor fueling the market's growth is the increasing demand for efficient traffic control solutions that make use of these cars. These solutions aim to maximize the efficacy, reliability, and efficiency of traffic management.
Pedestrians, bikers, and drivers of all kinds are all part of the moving and stationary traffic that must be organized, guided, and controlled through the process known as traffic management. The goal of a traffic management system is to ensure the smooth flow of traffic so that people and commodities can travel safely and efficiently. Additionally, the system tries to minimize accidents by protecting and improving the local environment around traffic facilities. In response to data that is updated in real-time, traffic management systems act swiftly. Traffic jams are a worldwide problem caused by the increasing number of personal and commercial vehicles, both light and heavy. Consequently, the market is growing due to the increasing demand for efficient vehicle management systems that can monitor and control traffic in order to boost efficiency, effectiveness, and dependability in traffic control.
Companies around the world have been working hard to automate processes in response to the COVID-19 epidemic. This is particularly true in the fields of information technology (IT) and drones, which are used for surveillance and medication distribution. The COVID-19 pandemic has the potential to alter the course of automation because to its extraordinary effect on the economy, geopolitics, and globalization. As we go beyond the COVID period, the automotive industry may be prompted to increase its reliance on automation, digitization, and artificial intelligence (AI) to better withstand future pandemics.
To avoid such plant shutdowns in the future, automation and robotics could boost production while decreasing reliance on human labor. Also, the new style of working will be defined by digitalization, artificial intelligence, and the internet of things (IoT), all of which will become very important in the future. Because of the lockdown, we can take advantage of these new trends, which will open up more chances in the traffic management sector in the years to come.
Municipalities face a formidable obstacle in traffic management, but the arrival of connected cars is set to change everything. With the ability to send and receive data in real-time, linked cars have become one of the most rapidly expanding technologies inside the Internet of Things (IoT). It is especially encouraging to see the potential effects of linked automobiles in the United Kingdom, where drivers frantically search for parking places account for more than 30% of inner-city traffic. With their help, drivers may find parking spots, choose the most affordable options, and, in the future, even pay from the dashboard. In addition, to solve mobility issues, important big-data insights can be generated through the integration of linked digital parking and permitting systems. From modifying fuel mixtures in bad weather to avoiding polluted areas based on localized characteristics, connected cars provide both overt and covert data. By integrating it with traffic flow studies and real-time on-street parking demand forecasts, local authorities may make use of this mountain of data. The growth of resident parking schemes, the building of new parking facilities, traffic control policies, and demand-driven parking prices are all aided by this synergy.
firms in the traffic management services industry, like firms in other industries, have been affected by the labor market. Because of the critical nature of safety and the specific skills needed for the position, however, the scarcity of workers is having an outsized impact on this industry. The recovery has been slower than expected, even though it was expected that the labor supply would improve as government programs like the American Rescue Plan completed. Talks of a possible recession have sparked optimism that people looking for work may look to industries like traffic management, which are known to be more resilient to economic downturns. Due to the tight labor market, corporations have had to get creative with their bidding techniques, decrease the amount of projects they take on, and lengthen project lead times. To make the most of this opportunity, businesses need to have robust corporate cultures that can draw in and keep talented employees. By taking on more projects than their competitors and maintaining a consistent workforce, they can beat the competition and make the most of the labor scarcity.
Congestion is at an all-time high because more people are driving more cars as a result of rapid industrialization and the growth of metropolitan populations. Consequently, the traffic management market is expected to be significantly influenced by urban planners' worries regarding safety and high CO2 emissions. In Europe, traffic delays are estimated to be responsible for over one percent of GDP, as reported by the European Joint Research Centre (JRC) (GDP). Most regional organizations tasked with planning and overseeing city infrastructure have made mitigation an absolute priority. In addition, smart mobility solutions are made possible by traffic management, which can be critical in answering all of these questions and addressing all of these challenges, all while encouraging market expansion.
Report Coverage
Global Traffic Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Traffic Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Traffic Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Traffic Management market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Traffic Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Traffic Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cisco Systems, Inc. (U.S.), SWARCO (Austria), Kapsch TrafficCom AG (Austria), Thales (France), Q-Free A.S.A. (Norway), PTV Planung Transport Verkehr GmbH (Germany), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), TomTom International B.V. (Netherlands), Alibaba Group Holding Limited (China), Huawei Technologies Co., Ltd. (China), TransCore (U.S.), Chevron Corporation (England), Oriux (U.S.), Invarion Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Traffic Management market based on the below-mentioned segments:
Global Traffic Management Market, By Component
Hardware
Services
Global Traffic Management market, By Solution
Smart Signalling
Route Guiding
Traffic Analytics
Smart Surveillance
Global Traffic Management Market, By System
Urban Traffic Management and Control (UTMC) System
Adaptive Traffic Control (ATC) System
Journey Time Management (JTM) System
Predictive Traffic Modelling (PTM) System
Incident Detection and Location (IDL) System
Dynamic Traffic Management (DTM) System
Global Traffic Management market, Regional Analysis
Pedestrians, bikers, and drivers of all kinds are all part of the moving and stationary traffic that must be organized, guided, and controlled through the process known as traffic management. The goal of a traffic management system is to ensure the smooth flow of traffic so that people and commodities can travel safely and efficiently. Additionally, the system tries to minimize accidents by protecting and improving the local environment around traffic facilities. In response to data that is updated in real-time, traffic management systems act swiftly. Traffic jams are a worldwide problem caused by the increasing number of personal and commercial vehicles, both light and heavy. Consequently, the market is growing due to the increasing demand for efficient vehicle management systems that can monitor and control traffic in order to boost efficiency, effectiveness, and dependability in traffic control.
Companies around the world have been working hard to automate processes in response to the COVID-19 epidemic. This is particularly true in the fields of information technology (IT) and drones, which are used for surveillance and medication distribution. The COVID-19 pandemic has the potential to alter the course of automation because to its extraordinary effect on the economy, geopolitics, and globalization. As we go beyond the COVID period, the automotive industry may be prompted to increase its reliance on automation, digitization, and artificial intelligence (AI) to better withstand future pandemics.
To avoid such plant shutdowns in the future, automation and robotics could boost production while decreasing reliance on human labor. Also, the new style of working will be defined by digitalization, artificial intelligence, and the internet of things (IoT), all of which will become very important in the future. Because of the lockdown, we can take advantage of these new trends, which will open up more chances in the traffic management sector in the years to come.
Municipalities face a formidable obstacle in traffic management, but the arrival of connected cars is set to change everything. With the ability to send and receive data in real-time, linked cars have become one of the most rapidly expanding technologies inside the Internet of Things (IoT). It is especially encouraging to see the potential effects of linked automobiles in the United Kingdom, where drivers frantically search for parking places account for more than 30% of inner-city traffic. With their help, drivers may find parking spots, choose the most affordable options, and, in the future, even pay from the dashboard. In addition, to solve mobility issues, important big-data insights can be generated through the integration of linked digital parking and permitting systems. From modifying fuel mixtures in bad weather to avoiding polluted areas based on localized characteristics, connected cars provide both overt and covert data. By integrating it with traffic flow studies and real-time on-street parking demand forecasts, local authorities may make use of this mountain of data. The growth of resident parking schemes, the building of new parking facilities, traffic control policies, and demand-driven parking prices are all aided by this synergy.
firms in the traffic management services industry, like firms in other industries, have been affected by the labor market. Because of the critical nature of safety and the specific skills needed for the position, however, the scarcity of workers is having an outsized impact on this industry. The recovery has been slower than expected, even though it was expected that the labor supply would improve as government programs like the American Rescue Plan completed. Talks of a possible recession have sparked optimism that people looking for work may look to industries like traffic management, which are known to be more resilient to economic downturns. Due to the tight labor market, corporations have had to get creative with their bidding techniques, decrease the amount of projects they take on, and lengthen project lead times. To make the most of this opportunity, businesses need to have robust corporate cultures that can draw in and keep talented employees. By taking on more projects than their competitors and maintaining a consistent workforce, they can beat the competition and make the most of the labor scarcity.
Congestion is at an all-time high because more people are driving more cars as a result of rapid industrialization and the growth of metropolitan populations. Consequently, the traffic management market is expected to be significantly influenced by urban planners' worries regarding safety and high CO2 emissions. In Europe, traffic delays are estimated to be responsible for over one percent of GDP, as reported by the European Joint Research Centre (JRC) (GDP). Most regional organizations tasked with planning and overseeing city infrastructure have made mitigation an absolute priority. In addition, smart mobility solutions are made possible by traffic management, which can be critical in answering all of these questions and addressing all of these challenges, all while encouraging market expansion.
Report Coverage
Global Traffic Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Traffic Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Traffic Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Traffic Management market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cisco Systems, Inc. (U.S.), SWARCO (Austria), Kapsch TrafficCom AG (Austria), Thales (France), Q-Free A.S.A. (Norway), PTV Planung Transport Verkehr GmbH (Germany), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), TomTom International B.V. (Netherlands), Alibaba Group Holding Limited (China), Huawei Technologies Co., Ltd. (China), TransCore (U.S.), Chevron Corporation (England), Oriux (U.S.), Invarion Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Traffic Management Market from 2021 to 2031.
- Market Forecast for Traffic Management Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Traffic Management competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Traffic Management
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Traffic Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Traffic Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cisco Systems, Inc. (U.S.), SWARCO (Austria), Kapsch TrafficCom AG (Austria), Thales (France), Q-Free A.S.A. (Norway), PTV Planung Transport Verkehr GmbH (Germany), Teledyne FLIR LLC (U.S.), Cubic Corporation (U.S.), TomTom International B.V. (Netherlands), Alibaba Group Holding Limited (China), Huawei Technologies Co., Ltd. (China), TransCore (U.S.), Chevron Corporation (England), Oriux (U.S.), Invarion Inc.
Primary Target Market
- Market Players of Traffic Management
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Traffic Management market based on the below-mentioned segments:
Global Traffic Management Market, By Component
Hardware
Services
Global Traffic Management market, By Solution
Smart Signalling
Route Guiding
Traffic Analytics
Smart Surveillance
Global Traffic Management Market, By System
Urban Traffic Management and Control (UTMC) System
Adaptive Traffic Control (ATC) System
Journey Time Management (JTM) System
Predictive Traffic Modelling (PTM) System
Incident Detection and Location (IDL) System
Dynamic Traffic Management (DTM) System
Global Traffic Management market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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