The report aims to provide an overview of the “Global Traffic Management Market” with detailed market segmentation. Also, it analyses the current market scenario and forecasts the market till 2029. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyses the competitive scenario, geographic trends, and opportunities in the markets for all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their strategies. The report also provides porter’s five forces analysis and SWOT analysis for all companies profiled in the Global Traffic Management Market report.

Global Traffic Management Market was valued at US$ 35.30 Bn. in 2021 and expected to grow at a CAGR of 10.8% during the forecast period 2021-2029, thanks to the growing trend of software based system use, which has boosted demand for Aircraft engines.

Global Traffic Management Market Overview:

Traffic Management is defined as the systematic way of controlling and regulating traffic to ensure road safety, security, and reliability of the overall transport system. It can be achieved by using smart cameras, GPS systems, sensors, and AI technology, etc in traffic management systems. It helps in the free movement of people, goods, and supplies, reduces travel time, controls traffic signals, reduces road accidents, restriction of speed, and improves the efficiency of transportation. As a result, the global traffic management market is expected to reach US$ of 65.32 Bn. during the forecast period.

Maximize Market Research's Traffic Management Market Report offers readers an evaluation of the worldwide market landscape via the use of a thorough viewpoint. This report on the Traffic Management Market examines the situation from 2021 to 2029, with 2020 serving as the base year and 2016 to 2019 covering historical data. With the support of a plethora of information contained in the study, this report helps readers to make critical business decisions.

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Market Scope:

This report on the Traffic Management market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The country-wise model mapping of Traffic Management using internal and external proprietary information, as well as pertinent patent and regulatory databases, determine market volume. The competitive scenario of the Traffic Management market is supported by an assessment of the different factors that influence the market on a minute and granular level. Researchers in the Traffic Management industry arrive at forecasts and projections and compute the market prognosis by extensively examining historical data, current trends, and announcements by major companies.

Segmentation:

Based on the Component Type, The Traffic Management market is segmented as hardware and software. By 2029, Software-based components is expected to hold the maximum share of more than 56% in the market and handle a wide range of operations such as route guidance, collection of toll, detection of traffic, etc which help in improving public transportation and reducing road fatality. Use of emerging software “GIS- powered map recording”, Networked video recorder(NVRs), Video Management Systems(VMS), Extended Floating Car Data(xFCD), etc expected to boost the traffic management market in the forecast year.

The hardware component is the second dominating segment in the traffic management market which consist of display boards, CCTV, sensors, traffic system detector, etc.

Key Players:

Depending on the client's subscription period, this report provides market monitoring for a specific area of the client's interest and provides up-to-date information on strategic initiatives such as mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets. Our data is regularly updated and amended by a team of research specialists to reflect the most recent trends and facts. We have extensive expertise in research and consulting for many business fields to meet the needs of both individual and corporate clients. Our skilled staff makes use of proprietary data sources as well as a variety of other methods. The key players in the Traffic Management industry:

• 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

Regional Analysis:

North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa have all been researched (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The research provides regional competitive situations. These insights assist market participants in improving tactics and creating new chances to achieve extraordinary results.

COVID-19 Impact Analysis on Traffic Management Market:

The Global Traffic Management Market Research Report provides an overview of the industry based on important factors such as market size, sales, sales analysis, and key drivers. During the projected period, the market is predicted to increase significantly (2021-2029). This report also includes the most recent market impacts of COVID-19. The pandemic's spread has had a wide-ranging impact on people's lives all around the world. As a result, markets have been compelled to embrace new norms, trends, and strategies. Essentially, the study report attempts to give a picture of the market's initial and future estimates.

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Key Questions Answered in the Traffic Management Market Report are:

What are the new competitive developments in the Traffic Management market?
What is the market size, share of Traffic Management?
How can I get sample reports/company profiles of the Traffic Management market?
Who are the potential customers of the Traffic Management market?
Which are the leading players in the Traffic Management market?
How can I get company profiles on the top ten players of the Traffic Management market?
Which region is and will provide more business opportunities for Traffic Management in the future?
Who are the service providers of the Traffic Management industry?
What are the key growth strategies of Traffic Management industry players?
Reason to Buy:

Highlights key business priorities 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 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 restraining the growth at a certain extent.
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