Traffic Management Market

The traffic management market is projected to grow from USD 42.3 billion in 2023 to USD 72.5 billion by 2028 at a CAGR of 11.4% during the forecast period.

The increasing demand for real-time traffic information from drivers and passengers who seek informed decision-making for their travel routes. This demand is driving the creation and implementation of advanced traffic management systems that utilize data from sensors, cameras, and other sources to deliver timely traffic updates.

To know about the assumptions considered for the study download the pdf brochure

Top Traffic Management Companies includes :

• Cisco (US)
• Mundys SpA (Italy)
• SWARCO (Austria)
• Siemens (Germany)
• IBM (US)
• Kapsch TrafficCom (Austria)
• Thales Group (France)
• Q-Free (Norway)

These companies are prominent players in the traffic management market, each contributing unique solutions and technologies to improve traffic flow, safety, and urban mobility globally.

These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their presence in the traffic management market.

Cisco :

• Cisco is a prominent technology-based company renowned for designing, manufacturing, and distributing Internet Protocol-based networking and IT products worldwide. The company’s products and technologies are categorized into infrastructure platforms, applications, and security. It also provides services, such as technical support services and advanced services. It has a large customer base, including businesses of all sizes, public institutions, governments, and service providers. Cisco Connected Roadways helps secure and connect ITS, enabling vehicles, roadways, travelers, and traffic management centers to communicate in real-time. It eases the operation of cities and transportation agencies, enables smooth traffic flow, and reduces congestion with secondary collisions.
• The company designs and sells various technologies across networking, security, collaboration, applications, and the cloud. It conducts business globally and manages it through various geographical regions, including Europe, Middle East & Africa (EMEA), Asia Pacific, Japan, and China (APJC).

Kapsch TrafficCom :

• Kapsch TrafficCom is a provider of ITS in tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. It provides end-to-end solutions from single components and project designs to install fully integrated turnkey systems, system operations, and ongoing maintenance.
• The company has a portfolio of intelligent mobility solutions, products, and operations. It offers products, such as in vehicles, RF-field, and videos and sensors. It offers traffic management solutions for highways and cities. The EcoTrafiX, a traffic management system, is its core product, which provides comprehensive solutions for urban traffic control and management. The EcoTrafiX software is future-proof and accompanied by EcoTrafiX Command, EcoTrafiX Expert, EcoTrafiX Mobility, and EcoTrafiX Controller. The software empowers traffic management authorities to improve the mobility of city road traffic. Kapsch TrafficCom’s offers are accompanied by strong support and maintenance services.

Mundys SpA (Italy) :

• Overview: Mundys SpA, formerly known as Atlantia SpA, is an Italian company that operates infrastructure assets worldwide. The company focuses on developing and managing highway and airport infrastructure and has a significant presence in traffic management systems.
• Key Offerings: Intelligent traffic systems, tolling solutions, traffic monitoring and control systems, and infrastructure management services.

SWARCO (Austria) :

• Overview: SWARCO, based in Austria, is a global leader in traffic management, road safety, and traffic signal solutions. The company offers a broad range of products and services designed to improve traffic flow and safety.
• Key Offerings: Traffic lights and signals, LED-based traffic guidance systems, traffic management software, and road marking materials.

Siemens (Germany) :

• Overview: Siemens is a multinational conglomerate with a strong presence in the traffic management market. The company's Mobility division focuses on intelligent traffic systems and solutions that enhance urban mobility and traffic flow.
• Key Offerings: Traffic control systems, adaptive traffic management, intelligent traffic lights, and integrated mobility solutions.

IBM (US) :

• Overview: IBM is a global technology and consulting company known for its advanced analytics and artificial intelligence solutions. In the traffic management sector, IBM leverages its expertise to provide smart traffic management and urban mobility solutions.
• Key Offerings: AI-driven traffic prediction and management, data analytics for traffic optimization, smart city solutions, and IoT-based traffic monitoring systems.

Thales Group (France)

• Overview: Thales Group is a French multinational company specializing in aerospace, defense, and security. Thales provides advanced traffic management systems focusing on rail, road, and air traffic control.
• Key Offerings: Integrated traffic management systems, rail signaling, road traffic monitoring, and air traffic control systems.

Q-Free (Norway)

• Overview: Q-Free is a Norwegian company that provides innovative solutions for intelligent transportation systems. The company focuses on enhancing traffic flow and safety through its diverse range of products.
• Key Offerings: Electronic toll collection, traffic management software, vehicle counting and classification, and smart parking solutions.

Related Reports:

Traffic Management Market by Component (Hardware, Solutions (Route guidance & optimization, Smart Signaling, Traffic Analytics), Services), System (UTMC, ATCS, JTMS, DTMS), Areas of Application and Region - Global Forecast to 2028