13.6% Growth Rate for Traffic Management Market by 2024 | Latest Innovation, Advance Technology, Top Companies

According to Market Study Report, Traffic Management market provides a comprehensive analysis of the Traffic Management market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Product Information Management market.

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The Global Traffic Management Market size is expected to grow from US$ 30.6 Billion in 2019 to US$ 57.9 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. This report spread across 215 Pages, Profiling 39 Companies and Supported with 114 Tables and 56 figures is now available in this research.

Top Companies Profiled in the Traffic Management Market:
o Accenture (Ireland)
o Cellint (Israel)
o Cisco(US)
o Citilog (France)
o Cubic Corporation (US)
o EFKON (Austria)
o Esri (US)
o FLIR Systems (US)
o Garmin(Switzerland)
o IBM (US)
o Indra Sistemas (Spain)
o IMTAC (Oman)
o IntelliVision (US)
o Iteris(US)
o Global Traffic Technologies (US)
o Jenoptik (Germany)

"Hardware segment to lead the traffic management market in 2019"
The hardware segment includes display boards, sensors, and surveillance cameras. Hardware is an important aspect of traffic management. It is majorly used in data collection processes. The data collected through hardware devices form the base of the Intelligent Traffic System(ITS) functions. These devices include automatic vehicle identifiers, Global Positioning System (GPS)-based automatic vehicle locators, sensors, and cameras. The hardware mainly records data, such as traffic count, surveillance, travel speed and travel time, location, vehicle weight, and delays.

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"Dynamic traffic management system segment to grow at the highest CAGR during the forecast period"
The Dynamic Traffic Management System (DTMS)segment uses simulation models combined with real-time traffic and origin-destination information to predict the effects of various traffic management strategies. This enables users for more effective management and provision of traffic, enabling information to be shared in a better manner. Route choice, journey travel time, and departure time data are collected from several sources of real-time information, such as vehicle detection sensors, pedestrian presence sensors, speed sensors, and surveillance cameras.

"Asia Pacific to grow at the highest CAGR during the forecast period"
APAC is expected to experience extensive growth opportunities during the forecast period. APAC is home to nearly 40% of the world's population. The region is highly diverse in terms of implementing traffic management technologies. On one side, countries such as China, India, and South Korea, are rapidly growing and simultaneously dealing with congestion issues and population explosion, while on the other side, there are small and high-tech islands of Singapore and Japan.

Competitive Landscape of Traffic Management market:
1 Competitive Leadership Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Strength of Product Portfolio
3 Business Strategy Excellence
4 Ranking of Key Players for the Traffic Management Market, 2019

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Reason to access this report:
The report would provide market leaders/new entrants in the traffic management market, with information on the closest approximations of the revenue numbers for the overall traffic management market and sub segments. The report would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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