Skip to main content

Traffic management market forecast to grow to US$12.69 billion by 2018

The latest report from Markets and Markets, “Traffic Management Market [Solutions, Displays, Systems] - Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection - Global Advancements, Market Trends, Enterprise Roadmap, Market Forecasts and Analysis (2013 - 2018)” analyses and studies the major market drivers, restraints, and opportunities in North America, Western Europe, CIS plus Eastern Europe, Middle East and Africa, Asia-Pacific, and Latin America.
August 5, 2013 Read time: 2 mins
The latest report from Markets and Markets, “Traffic Management Market [Solutions, Displays, Systems] - Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection - Global Advancements, Market Trends, Enterprise Roadmap, Market Forecasts and Analysis (2013 - 2018)” analyses and studies the major market drivers, restraints, and opportunities in North America, Western Europe, CIS plus Eastern Europe, Middle East and Africa, Asia-Pacific, and Latin America.

The study reports that the traffic management market is expected to grow from US$2.58 billion in 2013 to US$12.6 billion by 2018, at an estimated compound annual growth rate (CAGR) of 37.5 per cent from 2013 to 2018.

The report also draws the competitive landscape of the traffic management market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the Traffic Management Market are new technology, customised solution and acquiring relatively small domain expert players. Some of the major players in this market are 1968 Accenture, Affiliated Computer Services, Alstom SA, 1028 Cisco Systems, 940 GE Transportation, 62 IBM, 6203 LG CNS, 729 Schneider Electric, 189 Siemens, and 596 Thales.

Related Content

  • October 9, 2014
    Smart highways market ‘worth US$27,992 million by 2019’
    A new research report by MarketsandMarkets, "Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019", estimates that the global Smart Highways Market is US$12,564.4 million in 2014 and is expected to grow to US$27,992 million in 2019. This represents an estimated compound annual growth rate (CAGR) of 17.4 per cent from 2014 to 2019. In the cur
  • March 30, 2015
    Global smart railways system - increased adoption of analytics and big data
    The Global Smart Railway System market is predicted to grow at a CAGR of 26.76 per cent over the period 2014-2019, according to Research and Markets’ latest report, Global Smart Railways System Market 2015-2019. The report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the APAC region, Europe, Latin America, the Middle East, and North America; it covers the Global Smart Railway System market landscape and its growth prospects in the coming years and inclu
  • December 16, 2016
    Australia’s ITS market predicted to grow almost 15 per cent by 2020
    According to a new market research report published by MarketsandMarkets, Australia’s intelligent transportation systems is expected to grow at a CAGR of 14.41 per cent between 2015 and 2020, and reach US$1,130.2 million by 2020. The report is combined with an in-depth analysis of the various market dynamics such as drivers, restraints, and opportunities. Along with the market dynamics, the report also gives an insight about various market parameters, such as market share analysis, value chain analysis,
  • February 10, 2015
    Traffic enforcement driving ANPR growth: report
    According to a new market report published by Transparency Market Research, Automatic Number Plate Recognition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020, the automatic number plate recognition market globally is forecast to reach US$1,023.2 million by 2020. The key factors driving the growth of this market include increased adoption in traffic enforcement and surveillance applications and increasing trend of automatic number plate recognition (ANPR) integrati