Traffic Management Market, Global Outlook and Forecast 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.
This report aims to provide a comprehensive presentation of the global market for Traffic Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Traffic Management. This report contains market size and forecasts of Traffic Management in global, including the following market information:
Global Traffic Management Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Traffic Management market was valued at US$ 30640 million in 2022 and is projected to reach US$ 62870 million by 2029, at a CAGR of 10.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Urban Traffic Management and Control (UTMC) system Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Traffic Management include IBM, Cisco Systems, LG Corporation, Swarco, Siemens, Kapsch, Q-Free and Accenture, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traffic Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Traffic Management Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Traffic Management Market Segment Percentages, by Type, 2022 (%)
    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)
Global Traffic Management Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Traffic Management Market Segment Percentages, by Application, 2022 (%)
    Global Traffic Management
    Region Traffic Management
Global Traffic Management Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Traffic Management Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Traffic Management revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Traffic Management revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    IBM
    Cisco Systems
    LG Corporation
    Swarco
    Siemens
    Kapsch
    Q-Free
    Accenture
Outline of Major Chapters:
Chapter 1: Introduces the definition of Traffic Management, market overview.
Chapter 2: Global Traffic Management market size in revenue.
Chapter 3: Detailed analysis of Traffic Management company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Traffic Management in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.