Traffic Management Market Forecast to 2028

Traffic Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component [Hardware (Cameras, Display Boards, and Sensors), Software (Cloud and On-Premise), and Services], and Application (Automatic Tolling, Lane Management, Parking Management, Surveillance, Traffic Signal Management, and Others)

Report Code : TIPTE100000196 | Region : Global | Industry : Technology, Media and Telecommunications | Published Date : 30/Jun/2022

The traffic management market is projected to reach US$ 77,346.44 million by 2028 from US$ 39,756.74 million in 2022; it is expected to grow at a CAGR of 11.7% from 2022 to 2028.

Traffic management is an important aspect of any city or country. It is a combination of measures undertaken to ensure smooth traffic flow while improving the safety of the overall road transport system. Traffic management measures vary from region to region, depending on the local laws, and thus, careful planning is required before their implementation. With an increasing number of people moving to urban areas, the number of vehicles on the road is increasing significantly. Hence there is a growing requirement for efficient management of road traffic, which in turn is promoting traffic management market growth. Additionally, the increasing sales of four-wheelers and two-wheelers suggest that the number of vehicles on the road will continue to rise at a good pace in the coming years. Despite a slowdown in car demand in the past few years, the growing interest in electric vehicles (EVs) is expected to exacerbate the traffic congestion in urban areas. Recent vehicle miles traveled (VMT) stats, a measure that is used extensively for planning transportation movement, in several developed countries suggest the ever-increasing number of vehicles. Thus, managing traffic and ensuring a smooth commute are indispensable for the proper functioning of any city. Traffic management systems can be installed on existing roads without the requirement of infrastructural modifications. Therefore, all such factors are expected to boost the traffic management market during the forecast period.

Impact of COVID-19 Pandemic on Traffic Management Market Growth

The limitations imposed by governments to control the spread of COVID-19 during the initial stages of the crisis affected the traffic management hardware production in most countries due to restrictions of the employee count that could work on floors at a time. Stringent restrictions and supply chain disruptions resulted in the temporary suspension of most infrastructure projects. Government agencies focused on containing the spread of SARS-CoV-2, which caused delays in the implementation of traffic management systems. The UAE, Egypt, Morocco, and Kuwait are the countries in the Middle East and Africa that have severely faced the ill effects of the COVID-19 pandemic. Most operations in the region were suspended due to an increase in the number of cases; hence, the traffic levels were at an all-time low. Many countries in Africa also delayed the implementation of all traffic management systems indefinitely. The UAE is a famous tourist place that receives numerous travelers annually. The tourism sector suffered considerable economic losses and the traffic rate decreased significantly in the country due to the international travel ban. This severely impacted the traffic management market growth. Moreover, the dependency of end users in the region on international suppliers, and bans on international trades and travel led to significant supply chain disruptions until the Q3 of 2020. These conditions caused delays in several high-tech projects, including those of smart cities. However, with the beginning of the Q4 of 2020, the demand for various electronic products, including traffic management systems, increased, owing to the re-initiation of the pending infrastructural projects.

China accounts for the largest share of the traffic management market in Asia Pacific. Additionally, the traffic management market in China is growing at one of the fastest pace across the globe. Growing investments in infrastructure, coupled with rising ownership of private vehicles, are among the factors driving the market in the country. According to the 2018 Traffic Analysis Report of Major Cities in China, published by Amap, 61% of the 361 cities studied experienced poor driving speeds during peak hours. Beijing had the greatest congestion mileage ratio during peak hours, followed by Guangzhou. Many Chinese cities have announced a number of initiatives to relieve traffic congestion in recent years. The use of public transportation has progressively become a norm. Intelligent transportation systems have also played an important part in urban governance modernization. Such factors promote the growth of traffic management market size in the country.

Artificial Intelligence (AI) and Machine Learning (ML) are expected to play a crucial role in the future of the traffic management market. The application of AI and ML in traffic management is still quite nascent, and most countries are yet to adopt the same. However, this scenario is changing rapidly, primarily, due to the increasing number of connected cars on roads. Additionally, the growing demand for electric vehicles (EVs) and autonomous vehicles (AVs) can help to accelerate the adoption of AI and ML in traffic management. Most EVs and AVs are fitted with a host of sensors and collect multivariate data, which can significantly improve the knowledge base of a smart traffic management systems. Such developments are expected to boost the revenue generation by traffic management market players.

IBM Corporation; Cisco Systems, Inc.; Siemens AG; Hangzhou Hikvision Digital Technology Co., Ltd.; and Dahua Technology Co., Ltd. are a few key traffic management market players.

The overall traffic management market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the traffic management market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the traffic management market.

According to the new research report on "Traffic Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 77,346.44 million by 2028, registering a CAGR of 11.7% from 2022 to 2028.

Europe includes various well-established economies, such as France, Germany, Russia, the UK, and Italy. Several industries in the region are robustly focusing on adopting advanced technologies. To reinforce the competitiveness of the region across different sectors and preserve its global technological leadership, the European Commission (EC) aids global technological organization and offers funds to support R&D. The EC, along with industry, member states, and public authorities, is heavily investing in the deployment of advanced traffic monitoring solutions. Also, with the support of financial institutes, the EC is developing innovative projects in intelligent transportation systems (ITS) and ensuring that they are rolled out on a frequent basis. All these factors are contributing to the traffic management market growth in Europe. The UK is a leader in the implementation of traffic management systems. Several modern cities in the UK are centuries old and hence, developments in these cities were mostly unplanned. Managing congestion and minimizing parking are the top priorities for the authorities. Hence, several cities are adopting modern traffic management systems to better manage the rising number of vehicles. The Transport for Greater Manchester (TfGM), along with Vivacity Labs, has announced the adoption of AI-controlled smart traffic junctions. This system integrates various sensors with inbuilt artificial intelligence to precisely identify different types of road users at selected junctions and control traffic signals. Such improvements in road transportation infrastructure are expected to boost the traffic management market growth in the coming years, in Europe. Such developments are also being witnessed in North America and APAC, among other regions.

The traffic management market was severely hit during the COVID-19 pandemic, and it experienced a decline of over 20%. Most players operating in this region reported a significant decline in revenue due to delays in several smart cities and smart roadways projects. Since such projects were either put on hold, or cancelled, the demand for traffic management solutions fell drastically. Higher semiconductor prices and disrupted supply chains further aggravated the situation. Shortage of labor, risk of contamination, and lack of funds were some other issues that led to diminished growth of the traffic management market. The government of most European countries focused on fighting the pandemic while withholding infrastructure projects. These factors limited the traffic management market progress in Europe in 2020. However, the pending infrastructure projects have been resuming since the fourth quarter of 2020, and there is a growing application of traffic management products and services. The traffic management products and services sales recorded high revenue growth in 2021, as evident from the annual reports of several traffic management market players, such as SGS SA and SNC Lavalin.

The traffic management market is segmented on the basis of component and application. Based on component, the market is segmented into hardware, software, and services. The market for hardware is further segmented into camera, display boards, and sensors; further, the market for software is bifurcated into cloud and on-premises. By application, the traffic management market is segmented into automatic tolling, lane management, parking management, surveillance, traffic signal management, and others.

IBM Corporation; Cisco Systems, Inc.; Siemens AG; Hangzhou Hikvision Digital Technology Co., Ltd.; and Dahua Technology Co., Ltd. were the top traffic management market players in 2021. The positioning of these “Five Key Players” is derived by specifically considering the following key performance parameters—overall revenue, segment revenue, geographic reach, customer base, new product launches, market initiatives, investments in technology upgrades, R&D investments, mergers & acquisitions, etc. Various other notable market players profiled in the global traffic management market are Axis Communications AB, Cubic Corporation, SGS SA, SNC-Lavalin Group, and Teledyne Flir LLC.

Key Findings of Market Study:

Component providers, hardware manufacturers, software providers, service providers, and end users are the prime stakeholders of the traffic management market ecosystem. The component providers offer lenses, memory modules, and chips, among others. Axis, Hikvision, and Dahua are a few of the hardware manufacturers that offer different types of cameras, sensors, display boards, and so on. Software developers are responsible for developing software, which enables hardware systems to collect data, analyze it, and derive meaningful insights. Service providers offer their service to all other stakeholders. End users mainly include government authorities and infrastructure development companies focused on the proper functioning of roadways.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Traffic Management Market – By Component

1.3.2 Traffic Management Market – By Application

1.3.3 Traffic Management Market- By Region

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Traffic Management Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Traffic Management Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Urbanization Leading to Congestion

5.1.2 Growing Investment in Infrastructure

5.2 Market Restraints

5.2.1 High cost of implementation

5.3 Market Opportunities

5.3.1 Growing Interest in Smart Cities and Roadways

5.4 Future Trends

5.4.1 Growing Application of AI and ML

5.5 Impact Analysis of Drivers and Restraints

6. Traffic Management Market – Global Analysis

6.1 Global Traffic Management Market Overview

6.2 Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Traffic Management Market Analysis – By Component

7.1 Overview

7.2 Traffic Management Market, By Component (2021 and 2028)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

7.3.2.1 Camera

7.3.2.1.1 Overview

7.3.2.1.2 Camera: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.3.2.2 Display Boards

7.3.2.2.1 Overview

7.3.2.2.2 Display Boards: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.3.2.3 Sensors

7.3.2.3.1 Overview

7.3.2.3.2 Sensors: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.4 Software

7.4.1 Overview

7.4.2 Software: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

7.4.2.1 Cloud

7.4.2.1.1 Overview

7.4.2.1.2 Cloud Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.4.2.2 On-Premise

7.4.2.2.1 Overview

7.4.2.2.2 On-Premise: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.5 Services

7.5.1 Overview

7.5.2 Services: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

8. Traffic Management Market Analysis – By Application

8.1 Overview

8.2 Traffic Management Market Breakdown, By Application, 2021 & 2028

8.3 Automatic Tolling

8.3.1 Overview

8.3.2 Automatic Tolling Market Revenue and Forecast to 2028 (US$ Million)

8.4 Lane Management

8.4.1 Overview

8.4.2 Lane Management Market Revenue and Forecast to 2028 (US$ Million)

8.5 Parking Management

8.5.1 Overview

8.5.2 Parking Management Market Revenue and Forecast to 2028 (US$ Million)

8.6 Surveillance

8.6.1 Overview

8.6.2 Surveillance Market Revenue and Forecast to 2028 (US$ Million)

8.7 Traffic Signal Management

8.7.1 Overview

8.7.2 Traffic Signal Management Market Revenue and Forecast to 2028 (US$ Million)

8.8 Others

8.8.1 Overview

8.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. Traffic Management Market – Geographic Analysis

9.1 Overview

9.2 North America: Traffic Management Market

9.2.1 Overview

9.2.2 North America Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.2.3 North America Traffic Management Market Breakdown, By Component

9.2.3.1 North America Traffic Management Market Breakdown, By Hardware

9.2.3.2 North America Traffic Management Market Breakdown, By Software

9.2.4 North America Traffic Management Market Breakdown, By Application

9.2.5 North America Traffic Management Market Breakdown, by Country

9.2.5.1 US Traffic Management Market, Revenue and Forecast to 2028

9.2.5.1.1 US Traffic Management Market Breakdown, By Component

9.2.5.1.1.1 US Traffic Management Market Breakdown, By Hardware

9.2.5.1.1.2 US Traffic Management Market Breakdown, By Software

9.2.5.1.2 US Traffic Management Market Breakdown, By Application

9.2.5.2 Canada Traffic Management Market, Revenue and Forecast to 2028

9.2.5.2.1 Canada Traffic Management Market Breakdown, By Component

9.2.5.2.1.1 Canada Traffic Management Market Breakdown, By Hardware

9.2.5.2.1.2 Canada Traffic Management Market Breakdown, By Software

9.2.5.2.2 Canada Traffic Management Market Breakdown, By Application

9.2.5.3 Mexico Traffic Management Market, Revenue and Forecast to 2028

9.2.5.3.1 Mexico Traffic Management Market Breakdown, By Component

9.2.5.3.1.1 Mexico Traffic Management Market Breakdown, By Hardware

9.2.5.3.1.2 Mexico Traffic Management Market Breakdown, By Software

9.2.5.3.2 Mexico Traffic Management Market Breakdown, By Application

9.3 Europe: Traffic Management Market

9.3.1 Overview

9.3.2 Europe Traffic Management Market Revenue and Forecast to 2028 (US$ Million)

9.3.3 Europe Traffic Management Market Breakdown, By Component

9.3.3.1 Europe Traffic Management Market Breakdown, By Hardware

9.3.3.2 Europe Traffic Management Market Breakdown, By Software

9.3.4 Europe Traffic Management Market Breakdown, By Application

9.3.5 Europe Traffic Management Market Breakdown, by Country

9.3.5.1 Germany Traffic Management Market, Revenue and Forecast to 2028

9.3.5.1.1 Germany Traffic Management Market Breakdown, By Component

9.3.5.1.1.1 Germany Traffic Management Market Breakdown, By Hardware

9.3.5.1.1.2 Germany Traffic Management Market Breakdown, By Software

9.3.5.1.2 Germany Traffic Management Market Breakdown, By Application

9.3.5.2 France Traffic Management Market, Revenue and Forecast to 2028

9.3.5.2.1 France Traffic Management Market Breakdown, By Component

9.3.5.2.1.1 France Traffic Management Market Breakdown, By Hardware

9.3.5.2.1.2 France Traffic Management Market Breakdown, By Software

9.3.5.2.2 France Traffic Management Market Breakdown, By Application

9.3.5.3 Italy Traffic Management Market, Revenue and Forecast to 2028

9.3.5.3.1 Italy Traffic Management Market Breakdown, By Component

9.3.5.3.1.1 Italy Traffic Management Market Breakdown, By Hardware

9.3.5.3.1.2 Italy Traffic Management Market Breakdown, By Software

9.3.5.3.2 Italy Traffic Management Market Breakdown, By Application

9.3.5.4 UK Traffic Management Market, Revenue and Forecast to 2028

9.3.5.4.1 UK Traffic Management Market Breakdown, By Component

9.3.5.4.1.1 UK Traffic Management Market Breakdown, By Hardware

9.3.5.4.1.2 UK Traffic Management Market Breakdown, By Software

9.3.5.4.2 UK Traffic Management Market Breakdown, By Application

9.3.5.5 Russia Traffic Management Market, Revenue and Forecast to 2028

9.3.5.5.1 Russia Traffic Management Market Breakdown, By Component

9.3.5.5.1.1 Russia Traffic Management Market Breakdown, By Hardware

9.3.5.5.1.2 Russia Traffic Management Market Breakdown, By Software

9.3.5.5.2 Russia Traffic Management Market Breakdown, By Application

9.3.5.6 Rest of Europe Traffic Management Market, Revenue and Forecast to 2028

9.3.5.6.1 Rest of Europe Traffic Management Market Breakdown, By Component

9.3.5.6.1.1 Rest of Europe Traffic Management Market Breakdown, By Hardware

9.3.5.6.1.2 Rest of Europe Traffic Management Market Breakdown, By Software

9.3.5.6.2 Rest of Europe Traffic Management Market Breakdown, By Application

9.4 APAC: Traffic Management Market

9.4.1 Overview

9.4.2 APAC Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.3 APAC Traffic Management Market Breakdown, By Component

9.4.3.1 APAC Traffic Management Market Breakdown, By Hardware

9.4.3.2 APAC Traffic Management Market Breakdown, By Software

9.4.4 APAC Traffic Management Market Breakdown, By Application

9.4.5 APAC Traffic Management Market Breakdown, by Country

9.4.5.1 Australia Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.1.1 Australia Traffic Management Market Breakdown, By Component

9.4.5.1.1.1 Australia Traffic Management Market Breakdown, By Hardware

9.4.5.1.1.2 Australia Traffic Management Market Breakdown, By Software

9.4.5.1.2 Australia Traffic Management Market Breakdown, By Application

9.4.5.2 China Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.2.1 China Traffic Management Market Breakdown, By Component

9.4.5.2.1.1 China Traffic Management Market Breakdown, By Hardware

9.4.5.2.1.2 China Traffic Management Market Breakdown, By Software

9.4.5.2.2 China Traffic Management Market Breakdown, By Application

9.4.5.3 India Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.3.1 India Traffic Management Market Breakdown, By Component

9.4.5.3.1.1 India Traffic Management Market Breakdown, By Hardware

9.4.5.3.1.2 India Traffic Management Market Breakdown, By Software

9.4.5.3.2 India Traffic Management Market Breakdown, By Application

9.4.5.4 Japan Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.4.1 Japan Traffic Management Market Breakdown, By Component

9.4.5.4.1.1 Japan Traffic Management Market Breakdown, By Hardware

9.4.5.4.1.2 Japan Traffic Management Market Breakdown, By Software

9.4.5.4.2 Japan Traffic Management Market Breakdown, By Application

9.4.5.5 South Korea Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.5.1 South Korea Traffic Management Market Breakdown, By Component

9.4.5.5.1.1 South Korea Traffic Management Market Breakdown, By Hardware

9.4.5.5.1.2 South Korea Traffic Management Market Breakdown, By Software

9.4.5.5.2 South Korea Traffic Management Market Breakdown, By Application

9.4.5.6 Rest of APAC Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.4.5.6.1 Rest of APAC Traffic Management Market Breakdown, By Component

9.4.5.6.1.1 Rest of APAC Traffic Management Market Breakdown, By Hardware

9.4.5.6.1.2 Rest of APAC Traffic Management Market Breakdown, By Software

9.4.5.6.2 Rest of APAC Traffic Management Market Breakdown, By Application

9.5 MEA: Traffic Management Market

9.5.1 Overview

9.5.2 MEA Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.5.3 MEA Traffic Management Market Breakdown, By Component

9.5.3.1 MEA Traffic Management Market Breakdown, By Hardware

9.5.3.2 MEA Traffic Management Market Breakdown, By Software

9.5.4 MEA Traffic Management Market Breakdown, By Application

9.5.5 MEA Traffic Management Market Breakdown, By Country

9.5.5.1 South Africa Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.5.5.1.1 South Africa Traffic Management Market Breakdown, By Component

9.5.5.1.1.1 South Africa Traffic Management Market Breakdown, By Hardware

9.5.5.1.1.2 South Africa Traffic Management Market Breakdown, By Software

9.5.5.1.2 South Africa Traffic Management Market Breakdown, By Application

9.5.5.2 Saudi Arabia Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.5.5.2.1 Saudi Arabia Traffic Management Market Breakdown, By Component

9.5.5.2.1.1 Saudi Arabia Traffic Management Market Breakdown, By Hardware

9.5.5.2.1.2 Saudi Arabia Traffic Management Market Breakdown, By Software

9.5.5.2.2 Saudi Arabia Traffic Management Market Breakdown, By Application

9.5.5.3 UAE Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.5.5.3.1 UAE Traffic Management Market Breakdown, By Component

9.5.5.3.1.1 UAE Traffic Management Market Breakdown, By Hardware

9.5.5.3.1.2 UAE Traffic Management Market Breakdown, By Software

9.5.5.3.2 UAE Traffic Management Market Breakdown, By Application

9.5.5.4 Rest of MEA Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.5.5.4.1 Rest of MEA Traffic Management Market Breakdown, By Component

9.5.5.4.1.1 Rest of MEA Traffic Management Market Breakdown, By Hardware

9.5.5.4.1.2 Rest of MEA Traffic Management Market Breakdown, By Software

9.5.5.4.2 Rest of MEA Traffic Management Market Breakdown, By Application

9.6 SAM: Traffic Management Market

9.6.1 Overview

9.6.2 SAM Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.6.3 SAM Traffic Management Market Breakdown, By Component

9.6.3.1 SAM Traffic Management Market Breakdown, By Hardware

9.6.3.2 SAM Traffic Management Market Breakdown, By Software

9.6.4 SAM Traffic Management Market Breakdown, By Application

9.6.5 SAM Traffic Management Market Breakdown, by Country

9.6.5.1 Brazil Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.6.5.1.1 Brazil Traffic Management Market Breakdown, By Component

9.6.5.1.1.1 Brazil Traffic Management Market Breakdown, By Hardware

9.6.5.1.1.2 Brazil Traffic Management Market Breakdown, By Software

9.6.5.1.2 Brazil Traffic Management Market Breakdown, By Application

9.6.5.2 Argentina Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.6.5.2.1 Argentina Traffic Management Market Breakdown, By Component

9.6.5.2.1.1 Argentina Traffic Management Market Breakdown, By Hardware

9.6.5.2.1.2 Argentina Traffic Management Market Breakdown, By Software

9.6.5.2.2 Argentina Traffic Management Market Breakdown, By Application

9.6.5.3 Rest of SAM Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.6.5.3.1 Rest of SAM Traffic Management Market Breakdown, By Component

9.6.5.3.1.1 Rest of SAM Traffic Management Market Breakdown, By Hardware

9.6.5.3.1.2 Rest of SAM Traffic Management Market Breakdown, By Software

9.6.5.3.2 Rest of SAM Traffic Management Market Breakdown, By Application

10. Impact of COVID-19 Pandemic on Global Traffic Management Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 AXIS COMMUNICATIONS AB

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Cisco Systems, Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Cubic Corporation

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Dahua Technology Co., Ltd.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 IBM Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Hangzhou Hikvision Digital Technology Co., Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 SGS SA

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.8 Siemens AG

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Teledyne FLIR LLC

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 SNC-Lavalin Group

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 3. North America Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 4. North America Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 5. North America Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6. North America Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 7. US Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 8. US Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 9. US Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 10. US Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 11. Canada Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 12. Canada Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 13. Canada Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 14. Canada Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 15. Mexico Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 16. Mexico Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 17. Mexico Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 18. Mexico Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 19. Europe Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 20. Europe Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 21. Europe Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 22. Europe Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 23. Europe Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 24. Germany Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 25. Germany Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 26. Germany Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 27. Germany Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. France Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 29. France Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 30. France Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 31. France Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 32. Italy Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 33. Italy Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 34. Italy Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 35. Italy Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 36. UK Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 37. UK Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 38. UK Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 39. UK Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 40. Russia Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 41. Russia Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 42. Russia Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 43. Russia Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 44. Rest of Europe Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 45. Rest of Europe Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 46. Rest of Europe Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 47. Rest of Europe Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 48. APAC Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 49. APAC Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 50. APAC Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 51. APAC Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. APAC Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 53. Australia Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 54. Australia Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 55. Australia Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 56. Australia Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 57. China Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 58. China Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 59. China Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million))

Table 60. China Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 61. India Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 62. India Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 63. India Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 64. India Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 65. Japan Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 66. Japan Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 67. Japan Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 68. Japan Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 69. South Korea Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 70. South Korea Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 71. South Korea Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 72. South Korea Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 73. Rest of APAC Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 74. Rest of APAC Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 75. Rest of APAC Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 76. Rest of APAC Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 77. MEA Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 78. MEA Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 79. MEA Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 80. MEA Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 81. MEA Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 82. South Africa Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 83. South Africa Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 84. South Africa Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 85. South Africa Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 86. Saudi Arabia Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 87. Saudi Arabia Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 88. Saudi Arabia Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 89. Saudi Arabia Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 90. UAE Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 91. UAE Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 92. UAE Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 93. UAE Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 94. Rest of MEA Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 95. Rest of MEA Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 96. Rest of MEA Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 97. Rest of MEA Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 98. SAM Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 99. SAM Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 100. SAM Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 101. SAM Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 102. SAM Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 103. Brazil Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 104. Brazil Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 105. Brazil Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 106. Brazil Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 107. Argentina Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 108. Argentina Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 109. Argentina Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 110. Argentina Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 111. Rest of SAM Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 112. Rest of SAM Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 113. Rest of SAM Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 114. Rest of SAM Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 115. List of Abbreviation

LIST OF FIGURES.

Figure 1. Traffic Management Market Segmentation

Figure 2. Traffic Management Market Segmentation – By Geography

Figure 3. Global Traffic Management Market Overview

Figure 4. Hardware Segment held the Largest Share of Traffic Management Market

Figure 5. Traffic Signal Management Segment held the Largest Share of Traffic Management Market

Figure 6. APAC to Show Great Traction During Forecast Period

Figure 7. North America: PEST Analysis

Figure 8. Europe: PEST Analysis

Figure 9. Asia-Pacific: PEST Analysis

Figure 10. Middle East and Africa: PEST Analysis

Figure 11. South America: PEST Analysis

Figure 12. Expert Opinion

Figure 13. Traffic Management Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Traffic Management Market

Figure 15. Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Traffic Management Market Revenue Share, By Component (2021 and 2028)

Figure 17. Hardware: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 18. Camera: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19. Display Boards: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 20. Sensors: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 21. Software: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 22. Cloud: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 23. On-Premise: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 24. Services: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25. Traffic Management Market Breakdown, By Application (2021 and 2028)

Figure 26. Automatic Tolling Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. Lane Management Market Revenue and Forecast to 2028(US$ Million)

Figure 28. Parking Management Market Revenue and Forecast to 2028(US$ Million)

Figure 29. Surveillance Market Revenue and Forecast to 2028(US$ Million)

Figure 30. Traffic Signal Management Market Revenue and Forecast to 2028 (US$ Million)

Figure 31. Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 32. Global Traffic Management Market Breakdown, by Region, 2021 & 2028 (%)

Figure 33. North America Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 34. North America Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 35. North America Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 36. North America Traffic Management Market Breakdown, by Country, 2021 & 2028 (%)

Figure 37. US Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 38. Canada Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 39. Mexico Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 40. Europe Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 41. Europe Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 42. Europe Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 43. Europe Traffic Management Market Breakdown, by Country, 2021 & 2028(%)

Figure 44. Germany Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 45. France Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 46. Italy Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 47. UK Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 48. Russia Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 49. Rest of Europe Traffic Management Market, Revenue and Forecast to 2028 (US$ million)

Figure 50. APAC Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 51. APAC Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 52. APAC Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 53. APAC Traffic Management Market Breakdown, by Country, 2021 & 2028 (%)

Figure 54. Australia Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 55. China Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 56. India Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 57. Japan Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 58. South Korea Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 59. Rest of APAC Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 60. MEA Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 61. MEA Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 62. MEA Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 63. MEA Traffic Management Market Breakdown, By Country, 2021 & 2028 (%)

Figure 64. South Africa Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 65. Saudi Arabia Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 66. UAE Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 67. Rest of MEA Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 68. SAM Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 69. SAM Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 70. SAM Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 71. SAM Traffic Management Market Breakdown, by Country, 2021 & 2028 (%)

Figure 72. Brazil Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 73. Argentina Traffic Management Market, Revenue and Forecast to 2028 (US$ million)

Figure 74. Rest of SAM Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

Figure 75. Impact of COVID-19 Pandemic in North American Country Markets

Figure 76. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 77. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 78. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 79. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Traffic Management Market

1. Axis Communications AB

2. Cisco Systems, Inc.

3. Cubic Corporation

4. Dahua Technology Co., Ltd.

5. Hangzhou Hikvision Digital Technology Co., Ltd.

6. IBM Corporation

7. SGS SA

8. Siemens AG

9. SNC-Lavalin Group

10. Teledyne FLIR LLC

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global traffic management market

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global traffic management market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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