Traffic Management Market Scope And Analysis

  • Report Code : TIPTE100000196
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 204
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Traffic Management Market Analysis and Scope (2023 to 2028)

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Traffic Management Market Report Traffic Management Market Size and Share Traffic Management Market Scope and Analysis

Traffic Management Market Report Scope

Report Attribute Details
Market size in 2022 US$ 39.76 Billion
Market Size by 2028 US$ 77.35 Billion
Global CAGR (2022 - 2028) 11.7%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Component
  • Hardware
  • Software
  • Services
By and Application
  • Automatic Tolling
  • Lane Management
  • Parking Management
  • Surveillance
  • Traffic Signal Management
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Axis Communications AB
  • Cisco Systems Inc
  • Cubic Corporation
  • Dahua Technology Co Ltd
  • Hangzhou Hikvision Digital Technology Co Ltd
  • IBM Corporation
  • SGS SA
  • Siemens AG
  • SNC Lavalin Group

    • Traffic management market players are mainly focused on the development of advanced and efficient products.

    • In 2021, Dahua Technology announced the development of a comprehensive smart traffic management solution that was developed by combining video surveillance with AI, ANPR, image fusion, AR, and other cutting-edge technologies to meet the diverse needs of modern traffic enforcement departments.
    • In 2021, Hikvision, an IoT solution provider specializing in cameras, unveiled the All-Rounder ITS camera, its newest traffic product meant to improve road safety and traffic flow. The camera combined a variety of talents and abilities, including speed detection, traffic violation detection, automated plate identification, and vehicle attribute analysis all in one package.