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Traffic Management Market Trends, Growth and Forecast 2027

The global traffic management is growing rapidly. The market growth attributes to the spurring rise in airline traffic control volume. Besides, inventions and development of new traffic management systems drive the market growth, replacing the outdated technology. The traffic management software segment contributes to the largest market share.

Global Traffic Management Market- Segments

The report is segmented into three dynamics;

By Component: Hardware (Display board, Sensors, Surveillance Cameras, others), Software (Smart Signalling, Route Guidance, Traffic Analytics, Smart Surveillance, others), and Service (Consulting, Deployment & Integration, Support & Maintenance, others).

By Systems: Urban Traffic Management & Control (UTMC) System, Adaptive Traffic Control System (ATCS), Journey Time Measurement System (JTMS), Predictive Traffic Modelling System (PTMS), Incident Detection and Location System (IDLS), Dynamic Traffic Management System (DTMS), and others.

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Major Players:

Players leading the traffic management market are Atkins Group (UK), Accenture PLC (Ireland), Cellint (Israel), Citilog (France), Cisco Systems, Inc. (US), Cubic Corporation (US), ESRI (California, US), EFKON AG (Austria), FLIR Systems, Inc. (US), and IBM Corporation (US), among others.

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