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

  • CRASH Predicts ‘unpredictable’ in traffic incidents
    November 11, 2015
    Road crashes are not as random as they may appear and analysing data can reveal patterns that can help various authorities target their resources more accurately. David Crawford reports. Figures from the US National Highway Traffic Safety Administration (NHTSA) show that in 2013 there were 32,719 people killed on American roads and 2.31 million injured. While these form part of an overall 25% drop over the decade from 2004, US Transportation Secretary Anthony Foxx continues to stress that reaching the procl
  • Electric vehicle charging stations market
    April 7, 2016
    The growing need to reduce carbon emissions is pushing electric vehicle (EV) charging stations market along with increasing use of EVs, government subsidies and incentives according to a new research report from Reports and Reports. It forecasts the market to reach US$12.61 billion by 2022, at a CAGR of 29.8 per cent from 2016 to 2022. The growth of electric vehicle charging stations market is attributed to significant incentives offered by the Chinese government for EV buyers and tightening emission reg
  • Autonomous emergency braking predicted to grow by 22 per cent by 2025
    September 22, 2017
    MarketsandMarkets’ latest research report estimates that the marker for autonomous emergency braking (AEB) systems is projected to grow and reach US$55.31 billion by 2025, growing at a CAGR of 22.23% from 2020 to 2025. Government mandates in European countries and the US and rising safety concerns shall be the major drivers for the growth of this market. By vehicle type, the passenger vehicle segment is projected to lead the AEB market in terms of value
  • NFC adoption still years away as mPOS surges ahead, says Spire
    November 4, 2014
    Near Field Communication (NFC) has failed to live up to its promise and widespread adoption is still years away, says Spire Payments.