Traffic Management System Market By Component , By Application By Mode Deployment : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Traffic Management Systems Market

The traffic management systems market was valued at $20.34 billion in 2022 and is estimated to reach $59.98 billion by 2032, exhibiting a CAGR of 11.6% from 2023 to 2032.

Traffic management system comprises applications and management services, which maintain smooth transportation on road and ensure public safety. To optimize the flow of traffic, the market is currently leveraging cutting-edge technologies such as surveillance cameras, traffic signals, sensors, and data analysis systems for real-time data collection & decision-making.

Increase in smart city initiatives, rise in urbanization, and surge in adoption of intelligent transportation systems (ITS) are a few of the factors augmenting the growth of the market and presenting novel opportunities for market players. The ITS technology is currently acquiring traction in different regions due to its multifold benefits. The technology aids in issuing e-penalties for violations; reduces the response time of authorities during vehicle breakdown or accidents; and provides commuters real-time updates about road closures, heavy traffic, or deteriorating weather.

However, installing traffic management systems requires high capital investment, a significant challenge for developing nations. On the contrary, the integration of pollution analytics sensors with traffic management systems is a promising opportunity, which is expected to aid urban planners reach their carbon-neutral transportation targets quickly. For instance, Copenhagen is testing a corresponding solution to accomplish its mission to become the first CO2-neutral European city by the year 2025. The authorities here have collaborated with several firms, including Google & Cisco, to optimize energy consumption by using advanced technology such as AI & ML and measuring & improving air quality.

Segment Review

The traffic management systems market is segmented into component, application, mode deployment, and region. On the basis of component, the market is categorized into hardware, software, and services. As per application, it is classified into urban traffic management & control, adaptive traffic control, dynamic traffic control & management, and others. Depending on mode deployment, it is bifurcated into cloud-based deployments and on-premise deployments. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of component, the software segment accounted for the highest market share in 2022.

As per application, the urban traffic management & control segments garnered a higher stake in the market in 2022.

Depending on mode deployment, the cloud-based deployments segment acquired a higher share of the market in the year 2022.

Region wise, North America dominated the market in 2022.

Competitive Analysis

The leading players of the traffic management systems market include IBM Corporation, Metro Infrasys Pvt. Ltd, Cisco Systems, Inc., Kapsch TrafficCom, Blue Star Limited, Cubic Corporation, Siemens, Omnitec Group, Swarco, and MAV Systems Limited. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
SWOT Analysis

Key Market Segments

By Component

Hardware
Software
Services

By Application

Urban Traffic Management Control
Adaptive Traffic Control
Dynamic Traffic Control Management
Others

By Mode Deployment

Cloud-based Deployments
On-premise Deployments

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa

Key Market Players:

IBM Corporation
Metro Infrasys Pvt. Ltd
Cisco Systems, Inc.
Kapsch TrafficCom AG
Blue Star Limited
Cubic Corporation
Siemens
Omnitec Group
Swarco AG.
MAV Systems Limited

Product Code: A185031

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: TRAFFIC MANAGEMENT SYSTEM MARKET, BY COMPONENT

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Component
4.2. Hardware
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Software
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Services
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: TRAFFIC MANAGEMENT SYSTEM MARKET, BY APPLICATION

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
5.2. Urban Traffic Management Control
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Adaptive Traffic Control
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Dynamic Traffic Control Management
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Others
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: TRAFFIC MANAGEMENT SYSTEM MARKET, BY MODE DEPLOYMENT

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Mode Deployment
6.2. Cloud-based Deployments
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. On-premise Deployments
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: TRAFFIC MANAGEMENT SYSTEM MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Component
- 7.2.3. Market Size and Forecast, By Application
- 7.2.4. Market Size and Forecast, By Mode Deployment
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Traffic Management System Market
  - 7.2.6.1. Market Size and Forecast, By Component
  - 7.2.6.2. Market Size and Forecast, By Application
  - 7.2.6.3. Market Size and Forecast, By Mode Deployment
- 7.2.7. Canada Traffic Management System Market
  - 7.2.7.1. Market Size and Forecast, By Component
  - 7.2.7.2. Market Size and Forecast, By Application
  - 7.2.7.3. Market Size and Forecast, By Mode Deployment
- 7.2.8. Mexico Traffic Management System Market
  - 7.2.8.1. Market Size and Forecast, By Component
  - 7.2.8.2. Market Size and Forecast, By Application
  - 7.2.8.3. Market Size and Forecast, By Mode Deployment
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Component
- 7.3.3. Market Size and Forecast, By Application
- 7.3.4. Market Size and Forecast, By Mode Deployment
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Traffic Management System Market
  - 7.3.6.1. Market Size and Forecast, By Component
  - 7.3.6.2. Market Size and Forecast, By Application
  - 7.3.6.3. Market Size and Forecast, By Mode Deployment
- 7.3.7. Germany Traffic Management System Market
  - 7.3.7.1. Market Size and Forecast, By Component
  - 7.3.7.2. Market Size and Forecast, By Application
  - 7.3.7.3. Market Size and Forecast, By Mode Deployment
- 7.3.8. UK Traffic Management System Market
  - 7.3.8.1. Market Size and Forecast, By Component
  - 7.3.8.2. Market Size and Forecast, By Application
  - 7.3.8.3. Market Size and Forecast, By Mode Deployment
- 7.3.9. Russia Traffic Management System Market
  - 7.3.9.1. Market Size and Forecast, By Component
  - 7.3.9.2. Market Size and Forecast, By Application
  - 7.3.9.3. Market Size and Forecast, By Mode Deployment
- 7.3.10. Rest of Europe Traffic Management System Market
  - 7.3.10.1. Market Size and Forecast, By Component
  - 7.3.10.2. Market Size and Forecast, By Application
  - 7.3.10.3. Market Size and Forecast, By Mode Deployment
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Component
- 7.4.3. Market Size and Forecast, By Application
- 7.4.4. Market Size and Forecast, By Mode Deployment
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Traffic Management System Market
  - 7.4.6.1. Market Size and Forecast, By Component
  - 7.4.6.2. Market Size and Forecast, By Application
  - 7.4.6.3. Market Size and Forecast, By Mode Deployment
- 7.4.7. Japan Traffic Management System Market
  - 7.4.7.1. Market Size and Forecast, By Component
  - 7.4.7.2. Market Size and Forecast, By Application
  - 7.4.7.3. Market Size and Forecast, By Mode Deployment
- 7.4.8. India Traffic Management System Market
  - 7.4.8.1. Market Size and Forecast, By Component
  - 7.4.8.2. Market Size and Forecast, By Application
  - 7.4.8.3. Market Size and Forecast, By Mode Deployment
- 7.4.9. South Korea Traffic Management System Market
  - 7.4.9.1. Market Size and Forecast, By Component
  - 7.4.9.2. Market Size and Forecast, By Application
  - 7.4.9.3. Market Size and Forecast, By Mode Deployment
- 7.4.10. Rest of Asia-Pacific Traffic Management System Market
  - 7.4.10.1. Market Size and Forecast, By Component
  - 7.4.10.2. Market Size and Forecast, By Application
  - 7.4.10.3. Market Size and Forecast, By Mode Deployment
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Component
- 7.5.3. Market Size and Forecast, By Application
- 7.5.4. Market Size and Forecast, By Mode Deployment
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Traffic Management System Market
  - 7.5.6.1. Market Size and Forecast, By Component
  - 7.5.6.2. Market Size and Forecast, By Application
  - 7.5.6.3. Market Size and Forecast, By Mode Deployment
- 7.5.7. Argentina Traffic Management System Market
  - 7.5.7.1. Market Size and Forecast, By Component
  - 7.5.7.2. Market Size and Forecast, By Application
  - 7.5.7.3. Market Size and Forecast, By Mode Deployment
- 7.5.8. REST of Latin America Traffic Management System Market
  - 7.5.8.1. Market Size and Forecast, By Component
  - 7.5.8.2. Market Size and Forecast, By Application
  - 7.5.8.3. Market Size and Forecast, By Mode Deployment
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Component
- 7.6.3. Market Size and Forecast, By Application
- 7.6.4. Market Size and Forecast, By Mode Deployment
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. UAE Traffic Management System Market
  - 7.6.6.1. Market Size and Forecast, By Component
  - 7.6.6.2. Market Size and Forecast, By Application
  - 7.6.6.3. Market Size and Forecast, By Mode Deployment
- 7.6.7. Saudi Arabia Traffic Management System Market
  - 7.6.7.1. Market Size and Forecast, By Component
  - 7.6.7.2. Market Size and Forecast, By Application
  - 7.6.7.3. Market Size and Forecast, By Mode Deployment
- 7.6.8. South Africa Traffic Management System Market
  - 7.6.8.1. Market Size and Forecast, By Component
  - 7.6.8.2. Market Size and Forecast, By Application
  - 7.6.8.3. Market Size and Forecast, By Mode Deployment
- 7.6.9. Rest of Middle East And Africa Traffic Management System Market
  - 7.6.9.1. Market Size and Forecast, By Component
  - 7.6.9.2. Market Size and Forecast, By Application
  - 7.6.9.3. Market Size and Forecast, By Mode Deployment

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. IBM Corporation
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Metro Infrasys Pvt. Ltd
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Cisco Systems, Inc.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Kapsch TrafficCom AG
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Blue Star Limited
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Cubic Corporation
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Siemens
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Omnitec Group
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Swarco AG.
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. MAV Systems Limited
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments