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

  • February 5, 2016
    Ten per cent growth expected in global ITS market
    According to the latest research by Research and Markets, the global intelligent transportation systems (ITS) market is poised to grow at CAGR of over 10 per cent during 2015-2020. The report, Global Intelligent Transportation Systems Market by System, by Application and Competition Forecast and Opportunities, 2010-2020, says that, with the market being too fragmented, a large number of players are engaged in offering ITS solutions across the globe.
  • October 3, 2013
    Global ITS market expected to reach US$ 30.2 billion by 2019
    According to a new market report published by Transparency Market Research, "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for ITS is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand for ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only r
  • October 30, 2012
    ‘Need for sustainable transportation infrastructure drives the ITS market’
    According to a new report by Global Industry Analysts (GIA), the global Intelligent Transportation Systems market is projected to reach US$22.7 billion by the year 2018, driven primarily by the need to enhance road safety by efficiently managing traffic, enforcing speed limits and easing traffic congestion. Rising demand from developing nations to incorporate ITS solutions also bodes well for the future of the market. The report provides a comprehensive review of trends, product developments, mergers, acqu
  • October 10, 2016
    Parking management market worth US$5 billion by 2021, say researchers
    According to a new market research report by MarketsandMarkets, the parking management market is estimated to grow from US$3.03 billion in 2016 to US$5.00 billion by 2021, at a compound annual growth rate (CAGR) of 10.6 per cent. According to the report, Parking Management Market by Software and Professional Services, by Solution (Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) - Global Forecast to 2021, the major forces driving the parking management m