Global Traffic Management Market Growth Drivers | Top Company Profiles | Regional Estimates 2027

Global Traffic Management Market Overview:

MMR's research study for the Global Traffic Management market implies numerous segments relating to usually up-to-date business facts and industry future examples, all of which are carefully assessed and examined. The Global Traffic Management report 2021 is organised by manufacturer, kind, application, and area. The researcher forecasts the data for the projected time period using primary and secondary data using a top-down and bottom-up strategy (2021-2027). This investigation methodology was used to investigate the global Global Traffic Management request, and the results were rationally mentioned in this report.

Expected Revenue Growth in Global Traffic Management Market:

Global Traffic Management Market was valued at US$ 31.86 Bn. in 2020 and expected to grow at a CAGR of 10.8% during the forecast period 2021-2027, thanks to the growing trend of software based system use, which has boosted demand for Aircraft engines.

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Global Traffic Management Market Dynamics:

Increased urbanisation, a growing global population, safety concerns, and the need to better monitor and prevent traffic accidents are all factors contributing to the growth of the traffic management industry. India has a fatality rate from traffic accidents of 17.4 deaths per 100,000 people. It reduces travel time, offers real-time data updates, improves transportation infrastructure, and contributes to the emergence of smart cities. For example, the "Government of India" launched a smart city mission on June 25, 2015, which included "SMART MOBILITY" as a domain, rapidly expanding the traffic management market.

The Global Traffic Management Market Segmentation:

The Traffic Management market is divided into hardware and software segments based on the component type. Software-based components are predicted to command the largest market share by 2027—more than 56%—and manage a variety of tasks like route guiding, toll collection, traffic detection, etc., which enhance public transportation and lower the number of fatal accidents on the road. The traffic management market is anticipated to grow in the coming year as a result of the use of cutting-edge software such as "GIS-powered map recording," "Networked video recorders," "Video Management Systems," and "Extended Floating Car Data" (xFCD), among others.

Regional Insights on Global Traffic Management market:

Asia-Pacific is the dominating region of the global traffic management market and is expected to grow at a CAGR of 6.4% during the forecast period. One of the main factors attributing is large scale rise of population and interest of people to have a private vehicle, the number of active cars in china and India are 19.94 Cr and 12.6 Cr respectively. Increased investment in smart city and infrastructure projects such as “Ministry of Housing and Urban Affairs”, The Government of India investing US$ 96 Bn in smart city projects, and Chinese investment of US$ 70 Bn in-ground infrastructure development, etc driving the traffic management market positively.

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The Global Traffic Management Market Key Companies:

• Cisco Systems, Inc
• Siemens AG
• Thales Group
• Planung Transport Verkehr Group
• Cubic Corporation
• Chevron Corporation
• INRIX, Inc
• Sensys Networks, Inc
• BlueSignal Inc
• Bercman Techonologies AS
• SWARCO AG
• International Business Machines Corporation
• Kapsch TrafficCom AG
• Thales Group
• Q-Free A.S.A.
• Planung Transport Verkehr Group
• FLIR Systems, Inc.
• Cubic Corporation
• TOMTOM N.V.
• IBM Corporation

The competitive situation provides a comprehensive analysis of the suppliers' various business growth goals. The updates presented in this area provide essential assessments at various stages while staying current with the business and involving stakeholders in the economic debate. Press releases or news from companies involved in M&A, agreement, collaboration, and partnership, new product launch & development, investment & funding, and award, recognition, and expansion are all part of the competitive landscape. All of the data obtained helps vendors identify market gaps as well as competitors' strengths and shortcomings, allowing them to develop new products and services.

Global Traffic Management Market research report offers:

The Global Traffic Management market is defined, as well as the examination of different affecting elements like drivers, restraints, opportunities, and Challenges.
The Global Traffic Management market also covers the market risk and industry trend analysis.
Porter's Five Force Analysis and SWOT analysis are used to define, characterize, and analyse the market competition landscape, with a focus on global main manufacturers.
Extensive analysis into the Global Traffic Management competitive landscape
Identification and analysis of micro and macro elements that influence and will influence market growth.
A complete list of prominent market players in the Global Traffic Management industry.
In the Global Traffic Management market, it provides a descriptive study of demand-supply side analysis.
Statistical study of certain key economic statistics
Figures, charts, graphs, and illustrations are used to clearly describe the market.
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