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Intelligent Traffic Management Market by Application, Service, and Geography - Forecast and Analysis 2023-2027

  • Published: Feb 2023
  • Pages: 181
  • SKU: IRTNTR71378
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The intelligent traffic management market is estimated to grow at a CAGR of 11.23% between 2022 and 2027. The size of the market is forecast to increase by USD 13,779.4 million. The growth of the market depends on several factors, including increasing demand for AI-based smart traffic solutions, increasing investment in smart cities by governments, and increasing the efficiency of traffic flow management. 

This report extensively covers market segmentation by application (traffic monitoring, traffic control, and information provision), service (surveillance cameras, display boards, sensors, interface boards, and radars), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Intelligent Traffic Management Market During the Forecast Period?

Intelligent Traffic Management Market Size

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Intelligent Traffic Management Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand for AI-based smart traffic solutions is notably driving the market growth, although factors such as the high cost of maintenance may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Intelligent Traffic Management Market Driver

The increasing demand for AI-based smart traffic solutions is notably driving the market growth. AI-based smart traffic management solutions, such as vehicle detection and identification of vehicle number plates at traffic junctions, have allowed traffic authorities to detect traffic rule violators and penalize defaulters by sending penalty receipts through the mail. This has reduced not only the volume of paperwork needed to be done by traffic authorities but also the cost incurred in managing traffic junctions.

Another application of AI is the collection and analysis of traffic data on particular roads. Traffic data analysis helps authorities to formulate policies and helps in analyzing the need for new road infrastructure. AI-based unmanned railway crossing prevents accidents. For instance, In India, almost 8,700 people died in unmanned railway crossing accidents in 2020. AI-based railway crossing monitoring can prevent such incidents. Thus, the demand for intelligent traffic management solutions is expected to rise due to the growing adoption of AI-based smart traffic solutions during the forecast period.

Significant Intelligent Traffic Management Market Trends

Rapid urbanization is an emerging trend in the market. Heavy traffic congestion is a result of an increase in the number of vehicles on the road brought on by rapid industrialization and expanding urban population. As a result, urban planners' concerns about safety and high CO2 emissions are anticipated to significantly impact the development of the market for intelligent traffic management systems.

The European Joint Research Centre (JRC) estimates that the cost of traffic congestion in Europe is equivalent to 1% of the GDP of the continent. Hence, mitigation has been given top priority by the majority of regional organizations responsible for developing and managing urban infrastructure. Additionally, the intelligent traffic management system also makes smart mobility solutions possible, which can be very helpful in finding solutions to all of these problems. Therefore, these factors will fuel the expansion of the market during the forecast period.

Major Intelligent Traffic Management Market Challenge

The high cost of maintenance is a major challenge impeding the market growth. Costs associated with maintenance include those associated with installing new systems as well as those associated with repairing, replacing, and upgrading current systems. Without regular upkeep, these systems will not be able to perform to their full potential, which will cause traffic congestion and other issues.

Countries may also be unable to make the necessary investments in cutting-edge technology due to the high cost of maintenance. Cities might, for instance, be unable to cover the cost of setting up new, sophisticated traffic sensors, cameras, and software, all of which are necessary for providing real-time traffic updates. If these updates aren't made, traffic congestion might get worse and cause other issues like poorer air quality and more noise from the road. Therefore, intelligent traffic management's high maintenance costs are anticipated to have a negative effect on the market growth during the forecast period. 

Key Intelligent Traffic Management Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Intelligent Traffic Management Market Share by Geography

Global Intelligent Traffic Management Market Customer Landscape

Who are the Major Intelligent Traffic Management Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

INRIX Inc. - The company provides location-based data and software-as-a-service analytics, such as real-time and historical traffic conditions, road safety, and parking availability. The key offerings of the company include intelligent traffic management software. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Chevron Corp.
  • Cisco Systems Inc.
  • Cubic Corp.
  • Kapsch TrafficCom AG
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corp.
  • Light Crossing Technology Corp.
  • PTV Planung Transport Verkehr AG
  • Q Free ASA
  • Rekor Systems Inc.
  • Siemens AG
  • SNC Lavalin Group Inc.
  • SWARCO AG
  • TagMaster AB
  • Teledyne Technologies Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Intelligent Traffic Management Market?

The market share growth by the traffic monitoring segment will be significant during the forecast period. Traffic monitoring is an integral application in the global market. The emergence of advanced data collection and analysis techniques, such as machine learning, has increased traffic monitoring utilization

Intelligent Traffic Management Market Size

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The traffic monitoring segment was valued at USD 5,297.82 million in 2017 and continued to grow until 2021Intelligent traffic management helps monitor traffic flow and helps authorities maintain the traffic flow and prevent congestion on roads. The need for advanced traffic monitoring arises due to the lack of proper road infrastructure across countries globally and the high costs involved in the development of new road infrastructure. For instance, in the US, the development cost of a high occupancy vehicle lane averages around USD 7,50,000. Thus, monitoring and managing traffic on existing road infrastructure is easier than developing new networks or infrastructure. Intelligent traffic management uses automatic camera sensors, speed sensors, and other types of sensors to collect data on road traffic and implement traffic rules. Hence, the growing adoption of intelligent traffic management in traffic monitoring applications will boost the demand for such solutions in the global market during the forecast period.

Which are the Key Regions for the Intelligent Traffic Management Market?

Intelligent Traffic Management Market Share by Geography

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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the largest region in the global market. The US is the biggest contributor to the market in the region. The major driving factors for the growth of the intelligent traffic management market in North America are the increasing number of traffic jams in the region, the high cost of developing new road infrastructure, and the need to improve overall road safety in the region.

On average, traffic jams in the US lead to annual losses of USD 300 billion, which includes indirect costs such as fuel prices, delays in the delivery of products, and others. Thus, the implementation of intelligent traffic management may minimize road congestion and reduce the costs incurred by motorists across the country. In April 2021, the US Department of Transportations Federal Highway Administration granted USD 9.96 million to the University of Michigan, US, to develop 20 smart intersections, which can collect and relay information in real-time to traffic authorities. Such initiatives will boost the demand for intelligent traffic management solutions in the region.

Intelligent traffic management helps in improving road safety by alerting both vehicles and traffic authorities about natural calamities such as landslides or bottlenecks such as roadblocks or other traffic-related issues. The use of intelligent traffic management also reduces the number of police personnel patrolling the roads for traffic violations. Thus, these factors will lead to an increased demand for intelligent traffic management solutions in the region during the forecast period.

In 2020, the region was adversely affected by COVID-19, which led to an increased demand for intelligent traffic management solutions to improve the accessibility of ambulances to hospitals. Furthermore, authorities also used intelligent traffic management and monitoring to track people violating the lockdown restrictions. Hence, these factors are likely to boost the growth of the market in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Traffic monitoring
    • Traffic control
    • Information provision
  • Service Outlook (USD Million, 2017 - 2027)
    • Surveillance cameras
    • Display boards
    • Sensors
    • Interface boards
    • Radars
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Intelligent Traffic Management Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.23%

Market growth 2023-2027

USD 13,779.4 million

Market structure

Fragmented

YoY growth 2022-2023(%)

10.62

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Chevron Corp., Cisco Systems Inc., Cubic Corp., Huawei Technologies Co. Ltd., INRIX Inc., International Business Machines Corp., Kapsch TrafficCom AG, Light Crossing Technology Corp., PTV Planung Transport Verkehr AG, Q Free ASA, Rekor Systems Inc., Siemens AG, SNC Lavalin Group Inc., SWARCO AG, TagMaster AB, Teledyne Technologies Inc., Telegra d.o.o., Thales, TomTom International BV, and Roper Technologies Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Intelligent Traffic Management Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the intelligent traffic management market between 2023 and 2027
  • Precise estimation of the size of the intelligent traffic management market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of intelligent traffic management market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global intelligent traffic management market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global intelligent traffic management market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Hardware type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Hardware type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Traffic monitoring - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Traffic monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Traffic monitoring - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Traffic monitoring - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Traffic monitoring - Year-over-year growth 2022-2027 (%)
    • 6.4 Traffic control - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Traffic control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Traffic control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Traffic control - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Traffic control - Year-over-year growth 2022-2027 (%)
    • 6.5 Information provision - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Information provision - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Information provision - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Information provision - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Information provision - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)

    7 Market Segmentation by Service

    • 7.1 Market segments
      • Exhibit 47: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Service - Market share 2022-2027 (%)
    • 7.2 Comparison by Service
      • Exhibit 49: Chart on Comparison by Service
      • Exhibit 50: Data Table on Comparison by Service
    • 7.3 Surveillance cameras - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Surveillance cameras - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Surveillance cameras - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Surveillance cameras - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Surveillance cameras - Year-over-year growth 2022-2027 (%)
    • 7.4 Display boards - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Display boards - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Display boards - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Display boards - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Display boards - Year-over-year growth 2022-2027 (%)
    • 7.5 Sensors - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Sensors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Sensors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Sensors - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Sensors - Year-over-year growth 2022-2027 (%)
    • 7.6 Interface boards - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Interface boards - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Interface boards - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Interface boards - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Interface boards - Year-over-year growth 2022-2027 (%)
    • 7.7 Radars - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Radars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Radars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Radars - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Radars - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Service
      • Exhibit 71: Market opportunity by Service ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 Chevron Corp.
              • Exhibit 124: Chevron Corp. - Overview
              • Exhibit 125: Chevron Corp. - Business segments
              • Exhibit 126: Chevron Corp. - Key news
              • Exhibit 127: Chevron Corp. - Key offerings
              • Exhibit 128: Chevron Corp. - Segment focus
            • 12.4 Cisco Systems Inc.
              • Exhibit 129: Cisco Systems Inc. - Overview
              • Exhibit 130: Cisco Systems Inc. - Business segments
              • Exhibit 131: Cisco Systems Inc. - Key news
              • Exhibit 132: Cisco Systems Inc. - Key offerings
              • Exhibit 133: Cisco Systems Inc. - Segment focus
            • 12.5 Cubic Corp.
              • Exhibit 134: Cubic Corp. - Overview
              • Exhibit 135: Cubic Corp. - Business segments
              • Exhibit 136: Cubic Corp. - Key offerings
              • Exhibit 137: Cubic Corp. - Segment focus
            • 12.6 Huawei Technologies Co. Ltd.
              • Exhibit 138: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 139: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 140: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 141: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 142: Huawei Technologies Co. Ltd. - Segment focus
            • 12.7 INRIX Inc.
              • Exhibit 143: INRIX Inc. - Overview
              • Exhibit 144: INRIX Inc. - Product / Service
              • Exhibit 145: INRIX Inc. - Key offerings
            • 12.8 International Business Machines Corp.
              • Exhibit 146: International Business Machines Corp. - Overview
              • Exhibit 147: International Business Machines Corp. - Business segments
              • Exhibit 148: International Business Machines Corp. - Key news
              • Exhibit 149: International Business Machines Corp. - Key offerings
              • Exhibit 150: International Business Machines Corp. - Segment focus
            • 12.9 Kapsch TrafficCom AG
              • Exhibit 151: Kapsch TrafficCom AG - Overview
              • Exhibit 152: Kapsch TrafficCom AG - Business segments
              • Exhibit 153: Kapsch TrafficCom AG - Key news
              • Exhibit 154: Kapsch TrafficCom AG - Key offerings
              • Exhibit 155: Kapsch TrafficCom AG - Segment focus
            • 12.10 PTV Planung Transport Verkehr AG
              • Exhibit 156: PTV Planung Transport Verkehr AG - Overview
              • Exhibit 157: PTV Planung Transport Verkehr AG - Product / Service
              • Exhibit 158: PTV Planung Transport Verkehr AG - Key offerings
            • 12.11 Q Free ASA
              • Exhibit 159: Q Free ASA - Overview
              • Exhibit 160: Q Free ASA - Business segments
              • Exhibit 161: Q Free ASA - Key offerings
              • Exhibit 162: Q Free ASA - Segment focus
            • 12.12 Rekor Systems Inc.
              • Exhibit 163: Rekor Systems Inc. - Overview
              • Exhibit 164: Rekor Systems Inc. - Product / Service
              • Exhibit 165: Rekor Systems Inc. - Key offerings
            • 12.13 Roper Technologies Inc.
              • Exhibit 166: Roper Technologies Inc. - Overview
              • Exhibit 167: Roper Technologies Inc. - Business segments
              • Exhibit 168: Roper Technologies Inc. - Key offerings
              • Exhibit 169: Roper Technologies Inc. - Segment focus
            • 12.14 Siemens AG
              • Exhibit 170: Siemens AG - Overview
              • Exhibit 171: Siemens AG - Business segments
              • Exhibit 172: Siemens AG - Key news
              • Exhibit 173: Siemens AG - Key offerings
              • Exhibit 174: Siemens AG - Segment focus
            • 12.15 SNC Lavalin Group Inc.
              • Exhibit 175: SNC Lavalin Group Inc. - Overview
              • Exhibit 176: SNC Lavalin Group Inc. - Business segments
              • Exhibit 177: SNC Lavalin Group Inc. - Key offerings
              • Exhibit 178: SNC Lavalin Group Inc. - Segment focus
            • 12.16 SWARCO AG
              • Exhibit 179: SWARCO AG - Overview
              • Exhibit 180: SWARCO AG - Product / Service
              • Exhibit 181: SWARCO AG - Key news
              • Exhibit 182: SWARCO AG - Key offerings
            • 12.17 TagMaster AB
              • Exhibit 183: TagMaster AB - Overview
              • Exhibit 184: TagMaster AB - Business segments
              • Exhibit 185: TagMaster AB - Key offerings
              • Exhibit 186: TagMaster AB - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Intelligent Traffic Management market growth will increase by $13779.4 million during 2023-2027.
              The intelligent traffic management market is expected to grow at a CAGR of 11.23% during 2023-2027.
              Technavio has segmented the intelligent traffic management market by application (Traffic monitoring, Traffic control, and Information provision) ,service (Surveillance cameras, Display boards, Sensors, Interface boards, and Radars) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              Chevron Corp., Cisco Systems Inc., Cubic Corp., Huawei Technologies Co. Ltd., INRIX Inc., International Business Machines Corp., Kapsch TrafficCom AG, Light Crossing Technology Corp., PTV Planung Transport Verkehr AG, Q Free ASA, Rekor Systems Inc., Siemens AG, SNC Lavalin Group Inc., SWARCO AG, TagMaster AB, Teledyne Technologies Inc., Telegra d.o.o., Thales, TomTom International BV, Roper Technologies Inc. are a few of the key vendors in the intelligent traffic management market.
              Europe will register the highest growth rate of 31.71% among the other regions. Therefore, the intelligent traffic management market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the intelligent traffic management market growth are:
              • Increasing demand for AI-based smart traffic solutions
              • Increase in the purchase of four-wheelers.
              The intelligent traffic management market vendors should focus on grabbing business opportunities from the traffic monitoring segment as it accounted for the largest market share in the base year.
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