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.

For more information on companies in this article

Related Content

  • Global ITS market ‘to grow at a CAGR of over 10 per cent by 2020’
    January 19, 2016
    According to the recently published report by market research and consulting company TechSci Research, Global Intelligent Transportation Systems Market By System, By Application & Competition Forecast and Opportunities, 2010 - 2020, the global ITS market is projected to register a CAGR of more than 10 per cent during 2015-2020. Global intelligent transportation systems (ITS) market witnessed significant growth over the last few years due to implementation of various traffic management and mass transit sy
  • Adoption of ITS fuelled by need to tackle traffic issues, says research
    October 19, 2016
    The revenue of the global intelligent transportation systems market stood at US$20.22 billion in 2015 and the market is expected to reach US$57.44 billion by the end of the forecast period, developing at a CAGR of 12.7 per cent during the forecast period, according to research by Transparency Research (TMR). According to the report, Intelligent Transportation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024, on the basis of type, advanced transportation managem
  • Growing traditional and P2P car sharing services key to future of urban mobility in Europe – web conference
    July 5, 2012
    New research by Frost & Sullivan reveals that there were more than 0.7 million members in Europe alone who adopted car sharing as a sustainable transport solution for daily travelling at the end of 2011. Car OEMs as well as transport operators have started to get active in this market, increasing competition for already existing market players.
  • Kapsch TrafficCom acquires Schneider Electric transportation business
    April 5, 2016
    Kapsch TrafficCom has announced its acquisition of Schneider Electric’s transportation business, provider of real-time IT solutions and best-in-class intelligent transportation systems complementary to those provided by Kapsch. The acquisition expands the Kapsch portfolio and strengthens its market position in intelligent transportation systems, especially in the growth markets of Spain, Latin America, North America and the Middle East. The full integration of Schneider into the Kapsch business is expect