Press release
Global Intelligent Traffic Management System Market to Reach $17.38 Billion by 2029, Growing at 12.4% CAGR
Intelligent Traffic Management System Market Size
The continual rise in the number of vehicles is anticipated to boost the progress of the intelligent traffic management system market. The surge in vehicle numbers can be attributed to factors such as urbanization, economic advancement, accessibility, demand for fuel-efficient models, and an escalating emphasis on green initiatives and environmental considerations in the automotive sector. Intelligent traffic management contributes to seamless traffic flow, reduces gridlock, promotes safety, and refines transportation systems. For instance, information provided by the Department of Transport, a UK-based transport ministerial department, in July 2023 indicates that the count of vehicles operated on Great Britain's roads hit 323.8 billion in 2022, marking a rise of 8.8% over the previous year. Consequently, the ongoing upswing in the volume of road vehicles is fuelling the expansion of the intelligent traffic management system market.
Get Your Intelligent Traffic Management System Market Report Here:
https://www.thebusinessresearchcompany.com/report/intelligent-traffic-management-system-global-market-report
How will the growth rate of the intelligent traffic management system market shape industry trends by 2034?
The market size of the intelligent traffic management system has seen swift expansion in the past few years. It is predicted to surge from $9.68 billion in 2024 to a hefty $10.91 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.7%. Factors such as urban development and population increase, consideration for the environment, safety rules, economic growth, and an increased demand for mobility services have driven the ascent in the market size during the historic era.
Ahead in the coming years, a swift expansion is projected for the intelligent traffic management system market, with its size predicted to reach $17.38 billion in 2029, garnishing a compound annual growth rate (CAGR) of 12.4%. Factors contributing to the growth during the projected period include the improvement in connectivity, the emergence of electric and autonomous vehicles, a commitment to sustainability, interfacing with smart infrastructure, and the requirement for data-driven insights. Foreseen trends during this period encompass technological progressions, governmental schemes and investments, the encapsulation of artificial intelligence (AI) and machine learning, the evolution of advanced traffic control systems, and a focus on the user experience and mobility services.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14736&type=smp
What trends are poised to drive the future success of the intelligent traffic management system market?
Leading companies in the intelligent traffic management system market are prioritizing technology innovations like intelligent transportation system solutions to better manage traffic conditions. This holistic approach employs progressive technologies to tackle different issues within transport systems. For example, the Ministry of Electronics and Information Technology in India, an executive agency, rolled out an intelligent transportation system solution in April 2022. It offers benefits like improved traffic efficiency using real-time data, a range of applications beyond just congestion control, effective traffic control through TMCs, real-time updates from traveler information systems, enhanced safety measures, and environmentally positive effects through emission reductions.
Which primary segments of the intelligent traffic management system market are driving growth and industry transformations?
The intelligent traffic management system market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Product Type: Integrated Urban Traffic Control, Variable or Dynamic Message Signs, Emergency Response, Border Control System, Electronic Toll Collection, Parking Management, Violation And Measurement, Tunnel Management, Freeway Management
3) By Spender Type: Infrastructure Enterprises And Public-Private Partnerships(PPPs), Industries And Commercial Enterprise, Federal And Provincial Government
Subsegments:
1) By Hardware: Traffic Sensors, Surveillance Cameras, Signal Controllers, Variable Message Signs (Vms)
2) By Software: Traffic Flow Management Software, Incident Detection and Management Software, Traffic Signal Control Software, Data Analytics and Reporting Software
3) By Services: Installation and Integration Services, Maintenance and Support Services, Consulting and Advisory Services, System Upgrades and Customization Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14736
Which geographical regions are pioneering growth in the intelligent traffic management system market?
Asia-Pacific was the largest region in the intelligent traffic management system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent traffic management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the intelligent traffic management system market landscape?
Major companies operating in the intelligent traffic management system market are Huawei Technologies Co. Ltd., Siemens, Raytheon Technologies Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Schneider Electric SE, Thales Group, Advantech Co. Ltd., FLIR Systems Inc., TransCore LP, Cubic Corporation, SWARCO AG, TomTom N.V., VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH, Beijing E-Hualu Information Technology Co. Ltd., Iteris Inc., Global Traffic Technologies LLC (GTT), Q-Free ASA, Econolite Group Inc., Cohda Wireless Pty. Ltd., Sensys Networks Inc., Clearview Intelligence Limited, PTV Group, EFKON AG, Peek Traffic Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14736&type=smp
What Is Covered In The Intelligent Traffic Management System Global Market Report?
•Market Size Forecast: Examine the intelligent traffic management system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the intelligent traffic management system market for a structured understanding.
•Key Players Overview: Analyze major players in the intelligent traffic management system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intelligent traffic management system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the intelligent traffic management system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intelligent traffic management system market.
•Industry Challenges: Identify potential risks and obstacles affecting the intelligent traffic management system market.
•Competitive Landscape: Review strategic developments in the intelligent traffic management system market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Intelligent Traffic Management System Market to Reach $17.38 Billion by 2029, Growing at 12.4% CAGR here
News-ID: 3914141 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Traffic
Targeted Web Traffic Expands Organic Traffic and Performance Marketing
Milwaukee, Wisconsin - February 12, 2026 - Targeted Web Traffic, a Milwaukee-based performance marketing company, today announced expanded access to its traffic-generation and lead-focused marketing solutions built to help businesses attract high-intent website visitors and convert them into measurable outcomes such as calls, inquiries, appointments, and sales.
In a digital landscape crowded with inflated promises and "vanity metrics," many business owners are discovering that more clicks do not automatically mean more…
The Hook, Story, Offer Traffic Method: Traffic Secrets Breakdown
The Hook, Story, Offer Traffic Method: Traffic Secrets Breakdown
If you've read Russell Brunson's Traffic Secrets or followed any of his marketing trainings, you already know one thing:
👉 The "Hook, Story, Offer" framework is the engine behind almost every high-converting piece of content online.
From YouTube ads to social media posts... from landing pages to email sequences... even viral TikToks and Facebook ads - the most successful marketers use this exact formula.
But…
Traffic Signs Market Analysis By Top Keyplayers - USA Traffic Signs, Swarco Traf …
The "Traffic Signs Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Traffic Signs Market, 2024-2031
Verified Market Research's most recent report, "Traffic Signs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Viral Traffic Code - Is The Viral Traffic Code LEGIT?
Viral Traffic Code is a digital program that offers specific strategies to make affiliate earnings making use of a various technique stream. Read this review to get more information about the Viral Website Traffic Code!
Official Web Site: Go Here - https://www.glitco.com/get-Viral-Traffic-Code
What is Viral Website Traffic Code?
Viral Website Traffic Code is a basic system that might aid you make associate profits from various trusted internet sites, including Amazon, ebay.com, Shopify, ClickBank,…
Traffic Signs Market Competitive Insights and Precise Outlook 2022 – USA Traff …
This Global Traffic Signs Market Report 2022 aims at providing an overview of competitive developments such as novel product releases, acquisitions and agreements in the market. It discusses key factors, which enhance market drivers, growth and upcoming challenges. It functions as a prospective source for business participants as well as stakeholders to attain the upper hand. Industry analysis individual growth advancements are two most significant factors captured in this study…
Solar Traffic Signs Market Growth Prediction 2019 ( Solar Traffic Controls, Sola …
Global Solar Traffic Signs Market 2019 Research Report Recently published by Market.Biz that is Categories in the Automotive industry. It conveys best research report of key players, competitive analysis, margin rate, Region wise sale analysis of global Solar Traffic Signs industry. The report covers inclusive details of distinct segments like product or service type, applications based on regional marketplaces. The global Solar Traffic Signs market research report provides a deep determination…
