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Global Traffic Management Market by Component (Hardware, Solutions and Services), Solution (Smart Signaling, Route Guidance and Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Services (Consulting, Integration and Deployment, and Support and Maintenance) and Region - Global Forecast to 2027

Published: January, 2022
ID: 9285
Pages: 150

Traffic Management Market Size & Growth (2020 - 2025)

The global traffic management market is expected to grow from $ 35.47 billion in 2019 to $ 61.77 billion in 2025, at a compound annual growth rate (CAGR) of about 14%.

Traffic management refers to one of the crucial branches of logistics. It includes services such as control and purchase of transport services, planning and reduction of traffic density. Traffic management systems offer real-time data and the ability to analyze and respond immediately. The increasing population around the world results in the increased usage of vehicles, which led to congestion problems in almost all the nations of the world. Traffic management helps to resolve the issues associated with such traffic concerns as well as supports the free flow of vehicles on roads. The surveillance cameras are the prominent part of the traffic management, that are likely to witness the highest demand and growth rate in the coming years.

Recent Developments:

In October 2018, Kapsch TrafficCom and OMV Aktiengesellschaft (oil and gas producer and distributor) joined together to provide a standardized European electronic toll service (EETS) for trucks.

Scope of the Report

Report Metric

Details

Market size available for years

2020–2025

Base year considered

2019

Forecast period

2020–2025.

Forecast units

Value (USD).

Segments covered

Component, Solution, Hardware, Services, and Region

Various analyses covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and Latin America.

Companies covered

Richel Group, Netafim, LumiGrow, Illumitex, Hydrodynamics International, Agrilution and Argus Control System Limited, among others

Market growth and trends:

The growing demand for intermodal transport planning, urban traffic management and control, route guidance, predictive traffic modeling, etc. on roads, railways and airways are driving the global traffic management market. The increasing adoption of air travel, combined with the rise of the tourism industry and the increase in the number of low-cost air carriers, is driving the demand for navigation and surveillance services and traffic management systems. This will not only reduce air traffic congestion but also stimulate global air growth, supporting the rise in traffic management market in the coming years.

Drivers and Market Restraints:

The main drivers of the global traffic management market include growing urbanization, government initiatives to modify traffic infrastructure and growing public concern for security. The increasing urbanization has intensified the levels of traffic density, making it difficult for the mass public to travel. The factors that drive the global traffic management market include the increase in the volume of airline traffic control. The market is currently in its growth phase due to inventions, and the development of a new traffic management system that replaces obsolete technology contributes to market growth. The traffic management software segment represents the largest market share. Due to the development of advanced traffic management software that helps minimize air traffic volume, transportation needs and increased traffic, this problem occurs mainly due to the increase in the population in the city, increased traffic and urbanization. The increase in these problems is primarily due to the rise in population in cities and urbanization. The implementation and integration services sector is expected to represent the highest CAGR. With the development of the Internet and communications industry, the traffic management system can reduce congestion, harmful emissions and accidents.

The restrictions associated with the global traffic management market include significant capital investment, legacy infrastructure systems and traffic barriers due to processing downtime. Due to the lack of funds, governments in underdeveloped and developing countries refrain from investing in new technologies for circulation systems. Many urban areas in these countries do not have traffic lights. However, some of these countries have begun to include basic forms of traffic management systems, such as CCTV cameras.

Market Segmentation:

Global traffic management market is categorized on the basis of components, hardware, solutions, and services. 

By components, the global traffic management business is divided into hardware, solutions and services. Of these, the services segment is likely to expand with the highest growth rate in the coming years, attributing to the necessity for timely maintenance of the traffic management hardware and software after installation.

By hardware, the global traffic management market is divided into display boards, sensors, surveillance cameras, and others. The surveillance cameras segment is foreseen to account for the dominating share in the forecast period due to the increased adoption in developing regions to avoid mishaps and monitor traffic patterns.

By solutions, the global traffic management market is separated as smart signalling, route guidance and optimization, traffic analytics and smart surveillance. The route guidance and optimization segment is likely to account for a considerable revenue share in future because of the increasing demand for controlling traffic congestions around the world.

By services, the worldwide traffic management market is segmented as consulting, integration and deployment, and support and maintenance. Among these, the support and maintenance services are predicted to record the most substantial market value in the coming years.

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Geographically, Europe traffic management market is foreseen to register the dominant value in the global business followed by North America and Europe. The early adoption of technology, the presence of key players and strict government policies are supporting the dominion of the European industry. Nonetheless, the Asia Pacific traffic management market is estimated to register the highest growth rate in the estimated period.

Key market players:

The main players in the traffic management market are: Accenture PLC (Ireland), Atkins Group (United Kingdom), Cellint (Israel), Cisco Systems, Inc. (United States), Citilog (France), Cubic Corporation ( USA), EFKON AG (Austria), Esri (California, USA), FLIR Systems, Inc. (USA), IBM Corporation (USA), among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Traffic Management Market, By Component               

                                6.1.1 Hardware

                                6.1.2 Solutions 

                                6.1.3 Services   

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Traffic Management Market, By Hardware                   

                                6.2.1 Display Boards       

                                6.2.2 Sensors    

                                6.2.3 Surveillance Cameras         

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Traffic Management Market, By Solutions                    

                                6.3.1 Smart Signaling     

                                6.3.2 Route Guidance and Optimization

                                6.3.3 Traffic Analytics    

                                6.3.4 Smart Surveillance               

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

                6.4 Traffic Management Market, By Services                      

                                6.4.1 Consulting               

                                6.4.2 Integration and Deployment           

                                6.4.3 Support and Maintenance

                                6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.5 Y-o-Y Growth Rate Analysis              

                                6.4.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Hardware          

                                7.2.4 By Solutions           

                                7.2.5 By Services             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Hardware          

                                7.3.4 By Solutions           

                                7.3.5 By Services             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Hardware          

                                7.4.4 By Solutions           

                                7.4.5 By Services             

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Hardware          

                                7.5.4 By Solutions           

                                7.5.5 By Services             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Hardware          

                                7.6.4 By Solutions           

                                7.6.5 By Services             

8. Key Player Analysis                                    

                8.1 Accenture PLC                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Atkins Group                             

                8.3 Cellint                           

                8.4 Cisco Systems, Inc.                  

                8.5 Citilog                           

                8.6 Cubic Corporation                   

                8.7 EFKON AG                   

                8.8 Esri                 

                8.9 FLIR Systems, Inc.                    

                8.10 IBM Corporation                    

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Traffic Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global Traffic Management Market By Component, From 2020-2025 ( USD Billion )
  3. Global Hardware Market By Region, From 2020-2025 ( USD Billion )
  4. Global Solutions Market By Region, From 2020-2025 ( USD Billion )
  5. Global Services Market By Region, From 2020-2025 ( USD Billion )
  6. Global Traffic Management Market By Hardware, From 2020-2025 ( USD Billion )
  7. Global Display Boards Market By Region, From 2020-2025 ( USD Billion )
  8. Global Sensors Market By Region, From 2020-2025 ( USD Billion )
  9. Global Surveillance Cameras Market By Region, From 2020-2025 ( USD Billion )
  10. Global Traffic Management Market By Solutions, From 2020-2025 ( USD Billion )
  11. Global Smart Signaling Market By Region, From 2020-2025 ( USD Billion )
  12. Global Route Guidance and Optimization Market By Region, From 2020-2025 ( USD Billion )
  13. Global Traffic Analytics Market By Region, From 2020-2025 ( USD Billion )
  14. Global Smart Surveillance Market By Region, From 2020-2025 ( USD Billion )
  15. Global Traffic Management Market By Services, From 2020-2025 ( USD Billion )
  16. Global Consulting Market By Region, From 2020-2025 ( USD Billion )
  17. Global Integration and Deployment Market By Region, From 2020-2025 ( USD Billion )
  18. Global Support and Maintenance Market By Region, From 2020-2025 ( USD Billion )

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