Traffic Management Market Booming Worldwide with Latest Trend and Future Scope by 2028

The Traffic Management Market size to grow from USD 35.3 Billion in 2021 to USD 61.9 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 11% during the forecast period 2022-2028. Traffic management is defined as a notable point within logistics that includes the purchase of control services, traffic planning and control services, and transport services. Accident cases have increased significantly in recent years, and the traffic management market plays an important role in reducing the increasing cases. The traffic management industry is constantly evolving and is in a growth phase with several inventions and developments. Further development of new traffic management solutions will help mitigate outdated traffic management methods. All this will drive the growth of traffic management market share.

Company Profile

The key players in the global traffic management market include Accenture, Affiliated Computer Services, Inc., Alstom SA, Cisco Systems, Inc., Cubic, ESRI, GE Transportation, IBM, Indra, Ineo, Kapsch, LG CNS, Schneider Electric, Siemens, and Thales.

Market Segmentation

Based on System:

• Urban traffic management and control
• Adaptive traffic control system
• Journey time management system
• Predictive traffic modelling system
• Incident detection and location system
• Dynamic traffic management system

Based on Component:

• Hardware
• Solution
• Services

Scope of the Report

The research study analyzes the Traffic Management Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Traffic Management Market Report

1. What was the Traffic Management Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Traffic Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Traffic Management Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Traffic Management Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Traffic Management Market.
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Traffic Management Market.
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Traffic Management Market.