An excellent Traffic Monitoring Market research report provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. This makeover can be subjected to the moves of key players or brands which include developments, product launches, joint ventures, mergers and acquisitions that in turn change the view of the global face of the industry. According to this market report, the global market is anticipated to observe a moderately higher growth rate during the forecast period. Traffic Monitoring Market report also covers strategic profiling of the major players in the market, all-inclusive analysis of their basic competencies, and hence keeps competitive landscape of the market in front of the client.
The large scale Traffic Monitoring Market report makes customers or other market participants aware of the problems they may face while operating in this market over a longer period of time. It generally includes major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. The data gathered to prepare this report is based on the data collection modules with large sample sizes. With Traffic Monitoring Market report study, businesses can know about the key opportunities in the market and influencing factors which is useful to take business to the highest level.
Data Bridge Market Research analyses that the traffic monitoring market would exhibit a CAGR of 11.16% for the forecast period. Growth in the production of commercial and passenger vehicles especially in the emerging economies, shifting and improving economic conditions of certain economies around the globe and increased focus of the manufacturers on innovative automotive monitoring technologies, surge in the level of traffic and growing proliferation of internet of things technology are the major factors attributable to the growth of traffic monitoring market. This signifies that, the global traffic monitoring market would stand tall by USD 94.03 billion by the year 2028.
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Market Overview
From the name itself, it is clear that traffic monitoring refers to a set of solutions, software and services that assist in monitoring and managing the traffic effectively. Not just that, traffic monitoring is a proactive surveillance systems that helps in controlling the traffic infringements, prevent traffic collisions and observe the activities of hazardous drivers. A wide range of tools and techniques are used in the traffic monitoring solutions which are able to record every single information and track the location.
The major players covered in the traffic monitoring market report are Kapsch TrafficCom AG, TE Connectivity, International Road Dynamics Inc., Traffic Data Systems, Axis Communications AB., Q-Free ASA., Roadsys, Inc, FLIR Systems, Inc., IBM, Siemens, Avery India Ltd., Kistler Group, Raytheon Technologies Corporation, Aimil Ltd., InnoSenT - Innovative Radar Sensor Technology, SWARCO, LG CNS., Indra Sistemas S.A., Cubic Corporation and Cellint among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Traffic Monitoring Market Scope and Market Size
The Global Traffic Monitoring Market is segmented on the basis of solutions, hardware and service. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of solutions, traffic monitoring market is segmented into traffic analysis and smart surveillance. Smart surveillance segment is sub-segmented into video management software and video analytics. Video analytics segment is further bifurcated into incident detection, pedestrian detection, facial recognition and automatic number plate recognition.
- The hardware segment for traffic monitoring market includes in display boards, sensors, surveillance cameras and others. Sensors segment is sib-segmented into vehicle detection sensors, pedestrian presence sensors and speed sensors.
- On the basis of service, traffic monitoring market is segmented into consulting, deployment and integration and support and maintenance.
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Table of Content:
Highlights of TOC:
Chapter 1: Global Traffic Monitoring Market overview
Chapter 2: Global Traffic Monitoring Market
Chapter 3: Regional analysis of the Global Traffic Monitoring Market industry
Chapter 4: Global Traffic Monitoring Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Global Traffic Monitoring Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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