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

  • Growing passenger numbers, fare rises for UK rail
    December 16, 2014
    According to Rail Travel, a new market report from business intelligence provider Key Note, in 2013/2014 the total value of passenger receipts for UK rail travel increased by 6.2 per cent year-on-year, and grew by 32.5 per cent over a five-year period. In addition, passenger journeys grew by 23.5 per cent over the five-year review period, with passenger kilometres travelled also growing by 17.9 per cent over the same timeframe. For the purpose of this report, the rail industry in the UK has been split in
  • Report identifies Nashville region transportation needs
    January 30, 2013
    The results of an IBM study of transportation in Nashville and the surrounding region to accelerate its move to better, safer and more reliable transportation for the Nashville region’s citizens released by the Transit Alliance of middle Tennessee and IBM pinpoints areas that could benefit from immediate investment and would help relieve current stress. It also identifies long-term initiatives that could help spur future economic growth and livability in the region. The Transit Alliance commissioned IBM to
  • Ontario partners with Thales Canada to deliver rail signalling project
    April 14, 2016
    The province of Ontario is partnering with Thales Canada, a subsidiary of France-based Thales Group, to develop the next generation of rail signalling solutions for the province’s railways. Ontario, which is home to almost half of Canada’s full time R&D personnel, will invest up to US$9.4 million (CA$12 million) through the Jobs and Prosperity Fund with the overall project investment value set to reach approximately US$62.5 million (CA$80 million). Ontario, which spends more than US$11 billion (CA$14 bi
  • Schneider Electric aids New Hampshire DOT winter weather forecasts
    August 20, 2014
    Schneider Electric partnered with the New Hampshire Department of Transportation (NHDOT) during the 2013-2014 winter season as part of the Certified Public Manager (CPM) Program. The five-month partnership revealed precipitation forecasts from Schneider Electric to be more accurate in start and end times than a second weather/pavement forecasting service utilised by NHDOT. Schneider Electric created and customised a system to provide NHDOT with the most accurate precipitation forecasts, which are key to