The global traffic management market is expected to grow at a CAGR of nearly 11.5% during the forecast period (2025-2031). 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.
Get Free Sample link @ https://www.omrglobal.com/request-sample/traffic-management-market
The key players contributing to the growth of the global traffic management market by adopting various strategies such as product launches and developments, mergers and acquisition, partnerships, and agreements, include Cisco Systems Inc., SWARCO AG, Siemens AG, International Business Machines Corporation, Kapsch TrafficCom AG, among others. For instance, in April 2021, SWARCO AG introduced its MyCity?urban mobility management?software?to prevent traffic accidents. In addition, it aids to reduce the occurrence of accidents, form a green wave and prioritize specific types of vehicles?including buses or emergency vehicles, and make traffic flow smoother with fewer emissions.
full report of Traffic Management Market available @ https://www.omrglobal.com/industry-reports/traffic-management-market
- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- 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
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/traffic-management-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
