Global Traffic Management Market Growth (Status and Outlook) 2023-2029

Global Traffic Management Market Growth (Status and Outlook) 2023-2029

The demand of traffic management will be drastically increase in the future, because rapid demographic expansion and wide spread urban expansion in most of the developing countries and favorable initiatives by the governments around the world to manage traffic are the factors that are favoring the market growth.

LPI (LP Information)' newest research report, the “Traffic Management Industry Forecast” looks at past sales and reviews total world Traffic Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Traffic Management sales for 2023 through 2029. With Traffic Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traffic Management industry.

This Insight Report provides a comprehensive analysis of the global Traffic Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traffic Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Traffic Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traffic Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traffic Management.

The global Traffic Management market size is projected to grow from US$ 29130 million in 2022 to US$ 63290 million in 2029; it is expected to grow at a CAGR of 11.7% from 2023 to 2029.

United States market for Traffic Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Traffic Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Traffic Management is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Traffic Management players cover IBM, Cisco Systems, LG Corporation, Swarco, Siemens, Kapsch, Q-Free and Accenture, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Traffic Management market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Urban Traffic Management and Control (UTMC) system
Adaptive Traffic Control System (ATCS)
Journey Time Measurement System (JTMS)
Predictive Traffic Modeling System (PTMS)
Incident Detection and Location System (IDLS)
Dynamic Traffic Management System (DTMS)

Segmentation by application
Global Traffic Management
Region Traffic Management

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Cisco Systems
LG Corporation
Swarco
Siemens
Kapsch
Q-Free
Accenture

Please note: The report will take approximately 2 business days to prepare and deliver.