Global Traffic Analytics Management Market, By Hardware (Display Boards, Sensors, Surveillance Cameras, Others), Services (Consulting, Deployment and Integration, Support and Maintenance), System (Urban Traffic Management and Control, Adaptive Traffic Control System, Journey Time Measurement System, Predictive Traffic Modelling System, Incident Detection and Location System, Dynamic Traffic Management System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Traffic Analytics Management Market
Traffic analytics management market is expected to reach USD 82,972.80 million by 2028 witnessing market growth at a rate of 13.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on traffic analytics management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The structured method of smoothing heavy road traffic is traffic management. These systems provide data in real time and the ability to rapidly analyse and respond. It offers an IT solution that promotes vehicle traffic and enhances passenger safety and protection by gathering data from a variety of sources, including traffic control centres, CCTV cameras and road sensors. The collected data is then processed to derive actionable insights from it.
Increasing need for real-time traffic information systems, prevalence of regulatory frameworks and government policies to reduce global carbon emissions, increasing number of government initiatives for traffic management across cities, increasing urban population along with high demographic rates, growing public concern for safety are some of the major as well as vital factors which will likely to augment the growth of the traffic analytics management market in the projected timeframe of 2021-2028. On the other hand, rising emergence of internet of things and sensor technologies in traffic management along with penetration of analytics in traffic management network systems which will further contribute by generating massive opportunities that will lead to the growth of the traffic analytics management market in the above mentioned projected timeframe.
Lack of standardized and uniform technologies along with multiple sensors and touchpoints pose data fusion which will likely to act as market restraints factor for the growth of the traffic analytics management in the above mentioned projected timeframe. Security threats and hackers along with low penetration of product which will become the biggest and foremost challenge for the growth of the market.
This traffic analytics management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on traffic analytics management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Traffic Analytics Management Market Scope and Market Size
Traffic analytics management market is segmented on the basis of hardware, services and system. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Traffic analytics management market on the basis of hardware has been segmented as display boards, sensors, surveillance cameras, and others. Display boards have been further segmented into multifunctional boards, vehicle detection boards, and communication boards. Sensors have been further segmented into vehicle detection sensors, pedestrian presence sensors, and speed sensors. Surveillance cameras have been further segmented into internet protocol cameras, and analog cameras.
- Based on services, the traffic analytics management market has been segmented into consulting, deployment and integration, support and maintenance.
- Traffic analytics management has also been segmented on the basis of system into urban traffic management and control, adaptive traffic control system, journey time measurement system, predictive traffic modeling system, incident detection and location system, and dynamic traffic management system.
Traffic Analytics Management Market Country Level Analysis
Traffic analytics management market is analysed and market size, volume information is provided by country, hardware, services and system as referenced above.
The countries covered in the traffic analytics management market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the traffic analytics management market due to the advancements in information and communication technology (ICT), traffic management systems along with prevalence of various market players in the region while Europe region will expect to grow in the forecast period of 2021-2028 due to the high adoption of advanced technologies such as route guidance software and smart signalling in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Traffic Analytics Management Market Share Analysis
Traffic analytics management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to traffic analytics management market.
The major players covered in the traffic analytics management market report are Cisco; SWARCO; Siemens; IBM Corporation; Kapsch Aktiengesellschaft; LG CNS.; Indra Sistemas, S.A.; Cubic Corporation; Accenture; Iteris, Inc.; Cellint; Metro Infrasys Pvt. Ltd.; Global Traffic Technologies, LLC.; JENOPTIK AG; FLIR Systems, Inc.; Esri; PTV Planung Transport Verkehr AG; IntelliVision.; TransCore; imtac; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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