Latest research report on “Traffic Management Systems Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.
This report contains market size and forecasts of Traffic Management Systems in Global, including the following market information:
Global Traffic Management Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Traffic Management Systems market was valued at 2202 million in 2021 and is projected to reach US$ 3950.6 million by 2028, at a CAGR of 8.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Integrated Urban Traffic Control System Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Traffic Management Systems include Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, IBM, Cubic, Fujitsu and Q-Free, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traffic Management Systems 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 Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Traffic Management Systems Market Segment Percentages, by Type, 2021 (%)
– Integrated Urban Traffic Control System
– Freeway Management System
– Electronic Toll Collection (ETC)
– Advanced Public Transportation System
Global Traffic Management Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Traffic Management Systems Market Segment Percentages, by Application, 2021 (%)
– Urban Traffic
– Parking Management
– Public Transport
– Consultancy and Planning
Global Traffic Management Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Traffic Management Systems Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – 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
The report also provides analysis of leading market participants including:
Key companies Traffic Management Systems revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Traffic Management Systems revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Kapsch TrafficCom
– Kyosan Electric
– Peek traffic
– China ITS (Holdings)
– Datang Telecom
– Wantong Technology
– Hisense TransTech
– China Shipping Network Technology
– Dahua Technology
– Baokang Electronic
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