Traffic Management Systems Market

Traffic Management Systems Market: Deployment in Maritime Industry to Intensify in the Long Run Owing to Increasing Marine Traffic: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

  • 2018-03-21
  • REP-GB-6469
  • 277 pages
  • PDF PPT EXCEL
Traffic Management Systems Market

An Incisive, In-depth Analysis on the Traffic Management Systems Market

This study offers a comprehensive, 360 degree analysis on the Traffic Management Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Traffic Management Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

With speedy urbanisation and increasing economic affluence, countries are shifting focus towards managing the internal road, rail, marine, and air traffic efficiently. Additionally, easily available financial facilities and rising developments in the automotive industry have led to a condition where every person possesses his own private vehicle. As a result, urban traffic has grown to an extent that congestion has become an everyday issue. Further worsening the situation are numerous fatalities that occur on a daily basis. All this is affecting the quality of life and productivity of cities. In order to control these issues, the adoption of traffic management systems is at its peak in every country of the world. Also, the adoption of traffic management systems leads to a decrease in the levels of pollution, and various other benefits such as rise in effectiveness, better use of city infrastructure, and productivity of human life.

Roads to lead in adoption of traffic management systems owing to integration of IT

Robust advancements in the IT industry have created a strong growth potential for all the other industry verticals. At present, IT is entering all industry verticals with the latest technologies such as IoT, connected devices, machine learning, deep packet assessment, and augmented and virtual reality. As these technologies continue to advance, integration of IT technology in traffic management systems will lead to the development of advanced systems with far more capabilities and enhanced performance, drastically enhancing the safety of individuals. Furthermore, market players now provide traffic management software integrated with machine learning and deep packet examination technologies, and have witnessed heavy demand for these software, thereby leading to healthy adoption.

Consequently, the integration of IT technologies such as cloud, connected devices, and integrated machine learning in these systems creates strong growth opportunities for the traffic management systems market. As a result of this, the adoption of traffic management systems in roadways is increasing at a rapid pace. Moreover, the implementation of traffic rules and growing awareness have triggered the integration of traffic management systems in roadways across the globe.

Rail and aviation to also increase the deployment of traffic management systems

Apart from roads, aviation and rail facilities are also developing globally. Moreover, the increasing inter-region and intra-region economic activities are triggering the need to expand the airline facilities. As a result, global travel businesses across the globe are growing at a robust rate. This increasing requirement has led to the construction of more airports, metros, monorails, and railway tracks all over the world. These expanding transport facilities have in turn led to an increased need to deploy traffic management systems in order to ensure the smooth flow of traffic and maintain the safety of individuals. Rapidly growing aviation and rail facilities are expected to create lucrative growth opportunities for the traffic management systems market in the near future.

The technological advancements and growing risks in aviation and rail and the rising number of accidents is expected to further trigger the demand for traffic management systems in railways and in the aviation industry across the globe. Increasing air traffic congestion is also expected to support the growth of the market.

Global Information & Communication Technologies (ICT) Sector Outlook

The global digital ecosystem has been continuously evolving over the last few years. The worldwide ICT sector has witnessed some key disruptions of late and governments of various economies are devising and implementing smart and inclusive regulations to govern sector penetration and facilitate technology connectivity to all parts of the world. Even as the world of technology prepares for a massive revolution with unimaginable advancements powered by machine intelligence, here are some of the key drifts presently trending the global ICT sector:

  • Mobile as the new internet accessibility engine: Currently, about three-fourths of internet usage is through mobile phones, with an increasing usage witnessed in low-income and middle-income countries. Yet, over half the world’s population is bereft of mobile broadband internet services. Mobile data providers have accepted this challenge and are targeting niche, unpenetrated markets with high-speed connectivity offerings to increase their customer base.

  • Cloud computing to shoot beyond the sky: Cloud is a potent catalyst in all technological advances of the 21st Cloud is transforming the way enterprises handle big data, and ICT companies are looking to deploy new mechanisms and tools to “speak to data” and acquire the relevant information capable of impacting cross sector business growth.

  • Swifter integration of networks and technologies: ICT will continue to disrupt industries and with an increasing shift in focus towards cross-functional platforms that integrate networks, devices, and technologies, a structured integration of communication applications and protocols is fueling new service offerings.

  • An app-led technology universe: If mobile is at the heart of the ICT revolution, mobile apps are the arteries that pump in the necessary innovation for survival. The rise of start-ups offering a plethora of mobile apps is set to revolutionize the entire paradigm of the global ICT sector.

  • Cyber readiness is the norm: A rapid digitalization has also upped the risk of cybercrimes and cyber-attacks. Mobile companies are working to build secure ICT servers and networks and cyber readiness is of paramount importance today while introducing new products and services in the global market.

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

The global traffic management system market has been segmented into the following:

Component

Application

End User

Region

  • Hardware

  • Software

  • Services

  • Urban Traffic Management Systems

  • Adaptive Traffic Control Systems

  • Journey Time Management Systems

  • Incident Detection & Location Systems

  • Others

  • Railways

  • Roads

  • Air

  • Maritime

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • SEA and Other Asia

  • Pacific

  • Middle East and

  • Africa

  • Japan

  • China

Traffic Management Systems Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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