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Growth of Intelligent Traffic Management Systems Driven by Rising Vehicle Numbers: A Significant Driver Propelling The Intelligent Traffic Management System Market In 2025

05-20-2025 08:46 AM CET | Logistics & Transport

Press release from: The Business Research Company

Intelligent Traffic Management System Market

Intelligent Traffic Management System Market

The Intelligent Traffic Management System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Intelligent Traffic Management System Market Size and Projected Growth Rate?
The market size for intelligent traffic management systems has seen a swift increase in past years. The growth is projected from $9.68 billion in 2024 to $10.91 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. The expansion in the historical duration can be linked to increasing urbanization and population, concerns regarding the environment, safety regulations, economic progress, and the surging need for mobility services.

The market size for the intelligent traffic management system is predicted to experience significant expansion in the coming years, reaching a value of $17.38 billion in 2029 with an estimated compound annual growth rate (CAGR) of 12.4%. This anticipated growth can be accredited to the increasing focus on enhanced connectivity, a shift towards electric and autonomous vehicles, sustainability, smart infrastructure integration, and the need for data-driven insights. The expected trends of this growth period encompass technological advancement, government initiatives, investments, the inclusion of AI and machine learning, creation of advanced traffic control systems, along with an emphasis on user experiences and mobility services.

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What Are the Major Segments in the Intelligent Traffic Management System Market?
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

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What Are The Driving Intelligent Traffic Management System Market Evolution?
The intelligent traffic management system market is expected to be propelled by a rise in vehicle numbers. Urbanization, economic prosperity, affordability, the need for fuel-efficient transport, and a heightened focus on sustainability and environmental issues in the automobile industry are all driving this increase in vehicles. Intelligent traffic management systems are responsible for managing traffic smoothly, reducing congestion, increasing safety, and optimizing transportation systems. For example, in the UK, data from the Department of Transport reported that the number of vehicles using Great Britain's roads reached 323.8 billion in 2022 - an increase of 8.8% on the previous year. Consequently, the expanding number of vehicles on the road is fueling the growth of the intelligent traffic management system market.

Which Firms Dominate The Intelligent Traffic Management System Market Segments?
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

What Trends Are Driving Growth in The Intelligent Traffic Management System Market?
Leading businesses in the intelligent traffic management system market are centering their efforts on technological evolution, specifically in the field of intelligent transportation system solutions to better manage traffic conditions. These solutions encompass the use of ground-breaking technologies to tackle different roadblocks in transportation systems. To illustrate, the Ministry of Electronics and Information Technology, an executive agency from India, unveiled an intelligent transportation system solution in April 2022. This system provides enhanced traffic efficiency by delivering real-time information, applications that extend beyond just congestion control, effective traffic supervision via Traffic Management Centers (TMCs), traveller information systems granting real-time updates, safety improvements, and contributes positively to the environment by cutting down emissions.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Intelligent Traffic Management System Market?
2. What is the CAGR expected in the Intelligent Traffic Management System Market?
3. What Are the Key Innovations Transforming the Intelligent Traffic Management System Industry?
4. Which Region Is Leading the Intelligent Traffic Management System Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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