Europe Traffic Management Market By Component (Hardware (Sensors, Surveillance Camera, Display Boards, Others), Software (Route Guidance, Smart Signaling, Traffic Analytics, Video Analytics Software, Video Management Software), Service (Integration Service, Maintenance & Support Service, Consulting Services)), By Deployment Mode (On-premises, Cloud), By Application (Adaptive Traffic Control System
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
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Europe Traffic Management Market
Think of traffic management as the way we make sure the important stuff online always gets through – prioritizing, shaping, and routing network traffic so critical applications are always found. It's about figuring out when traffic needs a little direction, and then stepping in with smart solutions like traffic control to keep things moving smoothly with minimal hiccups. Traffic control management even covers how we handle traffic around construction sites and infrastructure projects! Essentially, traffic management blends traffic flow management and road safety management, using both static and dynamic vehicular clouds. With more and more IoT devices out there, businesses are relying on traffic management more than ever to simplify network management. Plus, everyone wants faster response times and more agility, and traffic management helps organizations deliver just that, leading to increased service demand. It's becoming super popular as businesses use it to power critical applications with reliable, high-performance connections. In the end, traffic management allows organizations to deliver timely services while also keeping costs down.
Increase in Adoption of Drones in Commercial & Government Applications
So, what's making the traffic management market in Europe take off? Well, it's mainly because we're seeing more and more UAVs and drones buzzing around, especially for things like deliveries and transportation. Plus, there's a big push for using drones for surveillance in the military and keeping an eye on farms and forests. As companies discover clever new ways to use this tech to boost their logistics, it's becoming essential to have a harmonized traffic management system for keeping tabs on everything in real-time across the region. Of course, we'll need more advanced and reliable UTM systems to support this growth, smooth out operations, and make sure everyone stays safe and secure. Take the European Aviation Safety Agency (EASA), for example - they're working hard to finalize the first EU-wide rules for all types of unmanned aircraft, since right now they only have regulations for the really big ones (over 150 kilograms).
Back in November 2022, the European Economic and Social Committee and the Committee of the Regions got together and gave a thumbs-up to Drone Strategy 2.0. The goal? To create a smarter, more sustainable world for drones, making our skies better, easier to navigate, and helping air mobility take off! The European Union and related associations have set out the clear vision for the development of the drone sector that laid out a clear plan for drones, paving the way for the EU to nurture a buzzing drone ecosystem by 2030. Plus, businesses everywhere are catching on to the benefits – cost savings, time efficiency, and cool tech – that drones bring to the table. This has resulted in a big jump in the use of drones, with governments and companies testing them out in all sorts of ways. So, as more and more businesses and governments use drones, the demand for better air traffic management in Europe is really taking off!
Increasing Focus on Existing Traffic Upgradation
Traffic in Europe is getting crazy because everyone's buying cars! This means we really need better ways to manage it all while keeping things secure and safe. Businesses are taking a hard look at their old traffic control setups. An effective traffic management system is now super popular with countries wanting to ditch traffic jams for good. Companies are using smart systems to control everything from one place. They're watching traffic in real-time, making things smoother, and even switching to automated E-bills instead of those old-fashioned tickets. This all helps to eliminate congestion, reduce pollution, and improve the user experience. The outcome is improved business productivity, more flexibility, and lower infrastructure costs.
For instance, Pittsburgh installed the Surtrac technology from Rapid Flow Technology at 50 crossings around the city.
Digitalization and Increasing Adoption of Advanced Technologies Drive the Market Growth
The rising adoption of advanced technologies and growing digitalization are propelling the growth of the traffic management market across the region. The involvement of enterprise in adopting artificial intelligence (AI), machine learning (ML) and virtual reality (VR) applications during IT process requires enhanced network capacity.
For lots of companies diving into digital transformation, a big focus is making their marketing, social media, and e-commerce tools work smoother and faster. On top of that, smart traffic management is really helping businesses save cash and be more adaptable on the fly. Think about itdigitizing network processes for connectivity is a game-changer! By swapping out pricey MPLS lines for regular internet connections, companies can potentially slash costs by a whopping 80%! Plus, with a solid traffic management system in place, users can connect from just about anywhere and even anticipate traffic snags. This means customers stay connected, even when they're travelling for work. So, with digitalization on the rise and everyone jumping on the latest tech, the Europe traffic management market is expected to boom in the coming years.
Rise in Demand for Real-Time Traffic Information to Drivers and Passengers
For instance, since the outbreak of Covid’19, Dutch railway operators (NS) have started motivating travelers to reserve their seats or let the operators know about their trips via the applications.
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Market Segmentation
Okay, so when we look at the Europe Traffic Management Market, we can break it down in a few key wayswhat it's made of (the component), how it's set up (the deployment mode), what it's used for (the application), and of course, where it's happening (the region). When we talk about components, we mean the hardware (like sensors, surveillance cameras, and display boards), the software (everything from route guidance to video management software), and the service (things like integration and engineering). As for deployment, you've got your choice of on-premises or the cloud. And finally, when it comes to applications, we're talking about systems like the adaptive traffic control system (ATCS) and the dynamic traffic management system (DTMS) - all designed to make getting around a little easier.
Market Player
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | ComponentDeployment ModeApplicationEnd-UserRegion |
| Regional scope | Europe |
| Country scope | Germany, United Kingdom, France, Italy, Spain, Austria, Norway |
| Key companies profiled | Siemens AG, Swarco, Inc., Kapsch TrafficCom AG, TomTom N.V., Cubic Corporation, Dynniq Group B.V., Thales Group, Atkins Global, Savari Inc. and PTV Group. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report,
Europe Traffic Management Market,
Europe Traffic Management Market, By Deployment Mode
Europe Traffic Management Market, By Application
Europe Traffic Management Market, By Region
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