Traffic Management Industry 2018-2023 Growth, Trends and Demands Research Report

Global Traffic Management Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

The Traffic Management Market is expected to grow from US$ 26.7 Billion in 2018 to US$ 50.7 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7%. The market is driven by factors, such as the government initiatives for traffic management and the PPP working model, the rising need for real-time information system, high demographic growth and hyper-urbanization in developing countries, and regulatory frameworks and government policies to reduce carbon emissions.

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Europe is expected to hold the largest market share in 2018, while APAC is the fastest-growing region, in terms of CAGR. The 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 Study Objectives of this report are:

• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America and Middle East and Africa (MEA)
• To determine and forecast the global traffic management market by component (solutions, services, and hardware), systems, and region from 2018 to 2023 and analyze the various macroeconomic and microeconomic factors that affect the market growth
• To profile the key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

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Top Key Players in the “Traffic Management Market” include are

• Accenture (Ireland)
• Atkins Group (UK)
• Cellint (Israel)
• Cisco (US)
• Citilog (France)
• Cubic Corporation (US)
• EFKON (Austria)
• Esri (US)
• FLIR Systems (US)
• IBM (US)
• Indra Sistemas (Spain)
• Industrial Management Technology & Contracting (IMTAC) (Sultanate of Oman)
• IntelliVision Technologies (US)
• Iteris (US)
• Jenoptik (Germany)
• Kapsch TrafficCom ( Austria)
• Lanner Electronics (Taiwan)
• LG CNS (South Korea)
• Metro Infrasys (India)
• PTV Planung Transport Verkehr (Germany)
• Q-Free ASA (Norway)
• Siemens (Germany)
• SWARCO (Austria)
• TransCore (US)

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Reason to buy this report:

• This report segments the traffic management industry comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitors’ ecosystem, new product developments, partnerships, and mergers and acquisitions.

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