Smart Traffic Management: 2023-2028

The Smart Traffic Management research report provides a detailed evaluation of the market, including different benefits and drivers within smart traffic management such as smart cities, and initiatives focusing on reducing congestion and improving sustainability. The research also considers the future challenges within smart traffic management, and emerging trends in the space. In addition, this report covers market opportunities; providing strategic insights into the development of smart traffic management systems in line with new technologies, such as AI and machine learning. It highlights key steps that are important for vendors, merchants and municipalities to take on implementing smart traffic management, in order to improve traffic flow and sustainability within cities. The report also positions 29 smart traffic management vendors across two Competitor Leaderboards, for smart intersections and smart parking; providing an invaluable resource for stakeholders seeking to understand the competitive landscape in the market. The research suite contains a detailed dataset; providing forecasts for 60 countries across a wide range of different metrics, including total revenue from smart intersections hardware and software, smart parking hardware and software, and congestion and emission savings as a result of deployments. This research suite comprises of:

• Market Trends & Strategies (PDF)
• Competitor Leaderboard (PDF)
• Data & Forecasts (PDF & Excel)
• 12 Months' Access to harvest Online Data Platform

Key Statistics

• $10.6bn - Market size in 2023
• $18.6bn - Market size in 2028
• 74.8% - 2023 to 2028 CAGR growth
• 2023-2028 - Forecast period

Key Features

Market Dynamics: A strategic analysis of the major drivers, challenges, and innovations shaping the adoption and development of the smart traffic management space, including:

• The importance of using smart traffic management systems in the face of growing city populations.
• Future strategic directions and market outlook for smart traffic management vendors.
• Key drivers and benefits of smart traffic management for vendors, including an increase in smart city traffic management investment, the implementation of AI and ML, the analysis of real-time data and the impact on the smart traffic management space, as well as how smart traffic management can improve the issues surrounding congestion and emissions.

Country Readiness Index: Comprehensive coverage featuring country-level market analysis on the future of the market in a select 60 countries split by 8 key regions; thoroughly analysing each country’s potential success in the smart traffic management market, with insight into current and future trends, paired with supplementary 5-year forecast data.

Benchmark Industry Forecasts: Includes forecasts for the total smart traffic management revenue across smart intersections and smart parking, as well as the total emission savings (MMT) and hours in congestion saved through smart traffic management. This data is split by our 8 key forecast regions and 60 countries:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Competitor Leaderboard: Key player capability and capacity assessment for 29 vendors in the smart traffic management space, via two Competitor Leaderboards:

• Smart Traffic Management
• Commsignia
• Cubic Corporation
• Econolite
• Efkon GmbH
• emnify
• IBM
• Iteris
• Kapsch TrafficCom
• Miovision
• Q-Free
• Sensys Networks
• SWARCO
• Telegra
• Thales
• Yunex Traffic
• Smart Parking
• Cleverciti
• EasyPark
• Fleximodo
• Flowbird
• GE (General Electric)
• Intelli-Park
• IoT Solutions Group
• Parkopedia
• Parqour
• Q-Park
• Sharvy
• Smart Parking
• SWARCO
• TransCore
• Urbiotica

Research Deliverables

• Market Trends & Strategies PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
• Market Data & Forecasting - The numbers tell you what's happening, but our written report details why, alongside the methodologies.
• Competitor Leaderboard Report - Provides a visual representation of the competitive positioning of the leaders within the market.