Global Traffic Management Software Market Overview:
Traffic congestion is a major problem across the globe. A traffic management software is used to ensure safety of the road construction workers and for the traffic which is using the roads. Further safety, it is also essential to make sure that the flow of traffic is slowed down as less as possible. A traffic management enables pedestrians and vehicles to move around a live carriageway safely according to certain conditions such as roadworks, heavy transport or large events. The global traffic management software market is expected to witness a high growth in near future owing to rising demand for effective traffic management solutions. Some of the key players profiled in the study are Cisco Systems, Inc. (United States), MercuryGate TMS (United States), Keysoft Solutions Ltd (United Kingdom), Transoft Solutions, Inc. (Canada), Chetu Inc. (United States), BioEnable Technologies Pvt. Ltd. (India), Assignar Pty Ltd (Australia), PTV Group (Germany), Elgin (United Kingdom) and McCain, Inc. (United States).
On the basis of geography, the market of Traffic Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Traffic Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Effective Traffic Management Solutions
- Growing Concerns for the Safety Regarding the Road Traffic Accidents
- Rising Government Initiatives for Traffic Management
- Increasing Need for Real-Time Information Systems
- Security Threats and Hacking
- Increasing Usage of Analytics in Traffic Management Network Systems
- Outdated Infrastructures in Emerging Economies
The Manual on Uniform Traffic Control Devices for Streets and Highways, or MUTCD defines the standards used by road managers nationwide to install and maintain traffic control devices on all public streets, highways, bikeways, and private roads open to public travel.
Target Audience:Traffic Management Software Provider, Software Solution Providers, Network Providers, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Traffic Management Software market on the basis of product [Smart Signaling, Route Guidance, Traffic Analytics and Smart Surveillance] , application [Urban Traffic, Inter-Urban, Parking Management and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Traffic Management Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Traffic Management Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are TRL Software (United Kingdom) and TransCore (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Traffic Management Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.