Global Intelligent Traffic Management System Market to reach USD 20.04 Billion by 2027.Global Intelligent Traffic Management System Market is valued approximately at USD 9.12 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.9% over the forecast period 2021-2027. An intelligent traffic management system is an advanced application system which aims to deliver an innovative service for various different modes of the transport and a traffic management, it enable the users get better information safer, and smarter use of the transport networks. . The global intelligent traffic management system market is being driven by the rising need for presenting real-time traffic data and information to drivers and the passengers and increase in the number of vehicles operating on roads. Furthermore, regulatory initiatives related to security and safety will provide new opportunities for the global intelligent traffic management system industry. For instance, according to Statista, number of vehicles in operation across India has been increased to 295.77 million in year 2019 from 253.31 million in year 2017. As a result, increased in number of vehicles operating on the roads will serve as a catalyst for the intelligent traffic management system industry in the future. However, risk towards supply chain disruptions, may impede market growth over the forecast period of 2021-2027.

The Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global Intelligent Traffic Management System Market. Rise in investment in research and development, and adoption of intelligent traffic management systems across the country makes the North America the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rise in investment for the development of efficient, green, safe, intelligent, and comprehensive transportation system in the region.
Major market player included in this report are:

Cubic Corporation
SNC-Lavalin Group (Atkins)
Thales Group
International Business Machines Corporation
General Electric Company
Siemens AG
Kapsch TrafficCom
TomTom International BV
Q-Free ASA
TransCore

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution:
Traffic Monitoring System
Traffic Signal Control System
Traffic Enforcement Camera
Integrated Corridor Management
Intelligent Driver Information System
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Intelligent Traffic Management System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors