The global traffic management market is expected to grow at a CAGR of nearly 11.5% during the forecast period (2023-2029). The major factors driving the growth of the global traffic management market include the increasing number of vehicles and road traffic injuries globally. According the World Health Organization (WHO), around 1.3 million individuals die every year due to road traffic accidents with 20 to 50 million non-fatal injuries. Additionally, the adoption of advanced technologies in vehicles and smart vehicles will propel the growth of the market.
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Industry forecasting is performed to present in-depth understanding of industry tactics. A clear picture on current and upcoming market happenings are provided in this report. Critical factors are highlighted in this Traffic Management Market study report for enabling business owners take important decision making in terms of decide on the right business doing ideas. Moreover, it aims at offering forthcoming improvements, market restraints and market drivers for the forecast period 2022-2028. It assists novel firms to retain their place in the market. Prioritized market info is discussed through this detailed Traffic Management Market
This Market report predicts novel product introduction will bring drop in sales or growth in sales. Such an illustrative Traffic Management Market report enables major firm to stay reorganized on the most current trends and offers best idea about overall demand for particular product offering. Through this global report, it is also possible to acquire a competitive edge. All the COVID-19 related information is covered in this Traffic Management Market study report along with its major impact of globe’s major firms. It makes easy the work of key players and enables to take data-driven and beneficial decision in terms of making best investments, which techniques to apply and marketing budget of different products. It has many advantages to provide for available or novel services, product and brands. Methodologies captured in this market study report enable central participants to attain the best results to the specific business aims as well as challenges. Getting fast customer feedback is easy with this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Traffic Management Market- Segmentation
By Component
- Hardware
o Display Boards
? Multifunctional Boards
? Vehicle Detection Boards
? Communication Boards
o Sensors
? Vehicle Detection Sensors
? Pedestrian Presence Sensors
? Speed Sensors
o Surveillance Cameras
? Internet Protocol Cameras
? Analog Cameras
o Others
- Solution
o Smart Signaling
o Route Guidance and Route Optimization
o Traffic Analytics
o Smart Surveillance
? Video Management Software
? Video Analytics
? Automatic Number Plate Recognition
? Facial Recognition
? Incident Detection
- Services
o Consulting
o Implementation
o Support and Maintenance
By System
- Urban Traffic Management and Control
- Adaptive Traffic Control System
- Journey Time Management System
- Predictive Traffic Modelling System
- Incident Detection and Location System
- Dynamic Traffic Management System
Global Traffic Management Market – Segmentation by region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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