Market Overview:
The global traffic management software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart signaling, route guidance, and traffic analytics solutions across various applications such as urban traffic, inter-urban, parking management, and others. Additionally, the growing adoption of smart surveillance solutions for improving safety and security is also contributing to the growth of this market. North America is expected to hold the largest share of the global traffic management software market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Traffic management software is a computer program used to manage the flow of traffic on a network. It can be used to monitor and control traffic congestion, optimize network throughput, and improve performance. Traffic management software is important for ensuring that networks operate efficiently and effectively.
Smart Signaling:
Smart Signaling is a combination of techniques and protocols used for improving the efficiency of road traffic management. It helps in reducing fuel consumption, travel time, and emissions by enabling vehicles to communicate with each other as well as with the control center. The technology provides various benefits such as increased safety, efficient use of resources, reduced congestion etc., which has led to its increasing adoption across several applications such as smart metering & traffic light control systems among others.
Route Guidance:
The global Route Guidance and it's usage in Traffic Management Software market size was valued at USD 6.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period. The increasing demand for traffic management solutions that enable efficient transportation planning, route guidance, and incident prevention is anticipated to drive the growth of this industry over the forecast period.
Application Insights:
The others segment includes disaster management, environmental monitoring, and logistics & supply chain management. Logistics & supply chain management is anticipated to emerge as the fastest-growing application segment over the forecast period owing to its ability to optimize costs and resources. The inter-urban traffic application is expected to witness a significant growth rate over the forecast period owing to its increasing adoption in major cities across Europe and Asia Pacific.
The inter-urban traffic application helps in managing vehicular movement on roads between cities thereby reducing travel time as well as avoiding congestion due largely of increased use of mobile applications for navigation purposes among other factors that are contributing towards industry growth.
Regional Analysis:
North America dominated the global traffic management software market in 2017. North America has a well-established transportation infrastructure with high adoption of advanced technologies. Moreover, growing demand for public transportation and stringent government regulations to maintain safety while traveling by rail, road and air are driving the regional growth. The U.S., being a developed economy, is home to several IT companies offering innovative solutions for various transport problems across the globe including traffic congestion issues in major cities like New York, Chicago etc.
Asia Pacific is expected to emerge as a lucrative region over the forecast period owing to increasing investments by governments & other agencies along with rising awareness about benefits offered by these systems such as real-time information delivery; therefore boosting demand from various application segments such as urban traffic management.
Growth Factors:
- Increasing demand for smart city initiatives across the globe is expected to drive the traffic management software market growth.
- Rising number of vehicular accidents and need for efficient traffic management solutions is also projected to fuel the market growth over the forecast period.
- Growing adoption of advanced technologies, such as big data and cloud-based solutions, is anticipated to create new opportunities for traffic management software vendors in near future.
- Stringent government regulations pertaining to safety and security are likely to propel the demand for traffic management software in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traffic Management Software Market Research Report
By Type
Smart Signaling, Route Guidance, Traffic Analytics, Smart Surveillance
By Application
Urban Traffic, Inter-Urban, Parking Management, Others
By Companies
Cisco Systems, Inc., MercuryGate TMS, LLamasoft, AscendTMS, Agile TM, WideOrbit, VertaMedia, Virtu Group, Trycon Technologies, Toasted Snow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Traffic Management Software Market Report Segments:
The global Traffic Management Software market is segmented on the basis of:
Types
Smart Signaling, Route Guidance, Traffic Analytics, Smart Surveillance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urban Traffic, Inter-Urban, Parking Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems, Inc.
- MercuryGate TMS
- LLamasoft
- AscendTMS
- Agile TM
- WideOrbit
- VertaMedia
- Virtu Group
- Trycon Technologies
- Toasted Snow
Highlights of The Traffic Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Signaling
- Route Guidance
- Traffic Analytics
- Smart Surveillance
- By Application:
- Urban Traffic
- Inter-Urban
- Parking Management
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Traffic Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Traffic management software is a computer program that helps traffic controllers manage vehicular and pedestrian traffic. Traffic management software can help to optimize routes, plan detours, and communicate with drivers.
Some of the major companies in the traffic management software market are Cisco Systems, Inc., MercuryGate TMS, LLamasoft, AscendTMS, Agile TM, WideOrbit, VertaMedia, Virtu Group, Trycon Technologies, Toasted Snow.
The traffic management software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traffic Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Traffic Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traffic Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Traffic Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Traffic Management Software Market Size & Forecast, 2018-2028
4.5.1 Traffic Management Software Market Size and Y-o-Y Growth
4.5.2 Traffic Management Software Market Absolute $ Opportunity
Chapter 5 Global Traffic Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Traffic Management Software Market Size Forecast by Type
5.2.1 Smart Signaling
5.2.2 Route Guidance
5.2.3 Traffic Analytics
5.2.4 Smart Surveillance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traffic Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Traffic Management Software Market Size Forecast by Applications
6.2.1 Urban Traffic
6.2.2 Inter-Urban
6.2.3 Parking Management
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traffic Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Traffic Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Traffic Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Traffic Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Traffic Management Software Market Size Forecast by Type
9.6.1 Smart Signaling
9.6.2 Route Guidance
9.6.3 Traffic Analytics
9.6.4 Smart Surveillance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Traffic Management Software Market Size Forecast by Applications
9.10.1 Urban Traffic
9.10.2 Inter-Urban
9.10.3 Parking Management
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Traffic Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Traffic Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Traffic Management Software Market Size Forecast by Type
10.6.1 Smart Signaling
10.6.2 Route Guidance
10.6.3 Traffic Analytics
10.6.4 Smart Surveillance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Traffic Management Software Market Size Forecast by Applications
10.10.1 Urban Traffic
10.10.2 Inter-Urban
10.10.3 Parking Management
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Traffic Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traffic Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Traffic Management Software Market Size Forecast by Type
11.6.1 Smart Signaling
11.6.2 Route Guidance
11.6.3 Traffic Analytics
11.6.4 Smart Surveillance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Traffic Management Software Market Size Forecast by Applications
11.10.1 Urban Traffic
11.10.2 Inter-Urban
11.10.3 Parking Management
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Traffic Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Traffic Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Traffic Management Software Market Size Forecast by Type
12.6.1 Smart Signaling
12.6.2 Route Guidance
12.6.3 Traffic Analytics
12.6.4 Smart Surveillance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Traffic Management Software Market Size Forecast by Applications
12.10.1 Urban Traffic
12.10.2 Inter-Urban
12.10.3 Parking Management
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Traffic Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traffic Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Traffic Management Software Market Size Forecast by Type
13.6.1 Smart Signaling
13.6.2 Route Guidance
13.6.3 Traffic Analytics
13.6.4 Smart Surveillance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Traffic Management Software Market Size Forecast by Applications
13.10.1 Urban Traffic
13.10.2 Inter-Urban
13.10.3 Parking Management
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Traffic Management Software Market: Competitive Dashboard
14.2 Global Traffic Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems, Inc.
14.3.2 MercuryGate TMS
14.3.3 LLamasoft
14.3.4 AscendTMS
14.3.5 Agile TM
14.3.6 WideOrbit
14.3.7 VertaMedia
14.3.8 Virtu Group
14.3.9 Trycon Technologies
14.3.10 Toasted Snow
