Traffic Management Market Size, Top Players, and Forecast by 2028
Traffic Management Market: Strategic Insights
Traffic Management Market
-
CAGR (2022 - 2028)11.7% -
Market Size 2022
US$ 39.76 Billion -
Market Size 2028
US$ 77.35 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing urbanization and vehicle population
- Adoption of smart traffic management solutions
FUTURE TRENDS
- Smart city infrastructure driving the need for intelligent traffic management solutions
- Adoption of IoT in traffic monitoring and control systems
OPPORTUNITIES
- Increasing traffic congestion and need for better urban mobility solutions creating opportunities for advanced traffic management systems
- Rising investments in smart city infrastructure
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component - Hardware
- Software
- Services
and Application - Automatic Tolling
- Lane Management
- Parking Management
- Surveillance
- Traffic Signal Management
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