Global Traffic Management Systems Market Size US$ 3965.1 million by 2022-2028 : Analysis by Company, Regions, Types, Applications, Drivers, Trends, Challenges, Opportunities

Absolute Reports Pvt Ltd

Pune, July 06, 2022 (GLOBE NEWSWIRE) -- Traffic Management Systems market report gives you overall analysis of global market by size of industry, shares, revenue in past and future estimation, year over year growth of Traffic Management Systems with the upcoming opportunities and challenges. Report also covers major players operating in the global Traffic Management Systems market with company details, recent developments, revenue, mergers & acquisitions, expansion plans. Research reports also covers segmentation by product type, applications, and geographical regions, with market size of each type and application with respect to regions.

Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

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The global Traffic Management Systems market size is projected to reach US$ 3965.1 million by 2028, from US$ 2140 million in 2021, at a CAGR of 9.1% during 2022-2028.

Traffic Management Systems market is split by type and by application for the period 2017-2028, the growth among segments provide accurate calculations and forecasts for revenue by type and by application. This analysis can help you expand your business by targeting qualified niche markets.

Segment by Type

• Integrated Urban Traffic Control System

• Freeway Management System

• Electronic Toll Collection (ETC)

• Advanced Public Transportation System

• Others

Segment by Application

• Urban Traffic

• Inter-Urban

• Parking Management

• Info-mobility

• Public Transport

• Freeway

• Consultancy and Planning

In terms of product, Integrated Urban Traffic Control System is the largest segment, with a share about 55%. And in terms of application, the largest application is Urban Traffic, followed by Inter-Urban, Parking Management, Info-mobility, Public Transport, Freeway, Consultancy and Planning.

By Region

• North America

• United States

• Canada

• Europe

• Germany

• France

• UK

• Italy

• Russia

China is the largest market, with a share about 40%, followed by North America and Europe, having a total share about 30 percent.

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By Company

• Kapsch TrafficCom

• SWARCO

• Siemens

• TomTom

• THALES

• IBM

• Cubic

• Fujitsu

• Q-Free

• Imtech

• Kyosan Electric

• SICE

• Iteris

• Peek traffic

• E-Hualu

• China ITS (Holdings)

• ENJOYOR

• Datang Telecom

• Wantong Technology

• Hisense TransTech

• China Shipping Network Technology

• Dahua Technology

• HIKVISION

• Baokang Electronic

Global Traffic Management Systems key players include Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, etc. Global top five players hold a share about 20%.

Years considered for this report: -

Historical Years:  2011-2028

Base Year:  2021

Estimated Year:  2022

Forecast Period:  2022-2028

Traffic Management Systems market report delivers COVID-19 impacts on the upstream, midstream and downstream businesses. Also, this study delivers a detailed market estimation by emphasizing facts on several aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. Ultimately, this report also offers comprehensive study and expert guidance on how to face the post COIVD-19 period.

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Detailed TOC of Global Traffic Management Systems Market Research Report 2022

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Traffic Management Systems Market Size Growth Rate by Type: 2017 VS 2021 VS 2028

1.3 Market by Application

1.3.1 Global Traffic Management Systems Market Share by Application: 2017 VS 2021 VS 2028

1.4 Study Objectives

1.5 Years Considered

2 Global Growth Trends

2.1 Global Traffic Management Systems Market Perspective (2017-2028)

2.2 Traffic Management Systems Growth Trends by Region

2.2.1 Traffic Management Systems Market Size by Region: 2017 VS 2021 VS 2028

2.2.2 Traffic Management Systems Historic Market Size by Region (2017-2022)

2.2.3 Traffic Management Systems Forecasted Market Size by Region (2023-2028)

2.3 Traffic Management Systems Market Dynamics

2.3.1 Traffic Management Systems Industry Trends

2.3.2 Traffic Management Systems Market Drivers

2.3.3 Traffic Management Systems Market Challenges

2.3.4 Traffic Management Systems Market Restraints

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