Intelligent Traffic Management System Market
Global Intelligent Traffic Management System Market size was valued at USD 9.50 Mn. in 2021 and the total Collaboration Display revenue is expected to grow at CAGR 13% from 2022 to 2029, reaching nearly USD 25.26 Bn.
Intelligent Traffic Management System Market Overview:
The Intelligent Traffic Management System market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Intelligent Traffic Management System Market, as well as the causes for variances in the industry's growth in a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: During the projected period, the surveillance cameras segment is anticipated to expand quickly. To enhance traffic management and commuter experiences in urban planning, smart traffic systems rely on communication and information technologies. Smart traffic systems with built-in cameras provide real-time traffic information and aid in enhancing traffic flow.
Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Intelligent Traffic Management System market are as follows:
- • Cubic Corporation
• SNC-Lavalin Group (Atkins)
• Thales Group
• International Business Machines Corporation
• General Electric Company
• Siemens AG
• Kapsch TrafficCom
• TomTom International BV
• Q-Free ASA
• TransCore
• IBM Corporation
• Dahua Technology Co., Ltd.
• Beijing E-Hualu Information Technology Co., Ltd.
• Econolite Control Products, Inc.
• Baumer Holding AG.
• Iteris Inc. (U.S.)
• Quarterhill Inc. (Canada)
• Fujitsu
• Imtech
• SWARCO
Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Intelligent Traffic Management System market study's regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Intelligent Traffic Management System Market:
End-user industries where Intelligent Traffic Management System are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Intelligent Traffic Management System manufacturers, affecting the Intelligent Traffic Management System market's growth in 2020. End-user business demand for Intelligent Traffic Management System has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Intelligent Traffic Management System Market Report are:
- In 2021, which segment accounted for the most share of the Intelligent Traffic Management System market?
- What is the competitive landscape of the Intelligent Traffic Management System market?
- What are the key factors influencing Intelligent Traffic Management System market growth?
- In the Intelligent Traffic Management System market, which region has the most market share?
- What will be the CAGR of the Intelligent Traffic Management System market during the forecast period (2022-2027)?
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