Cisco (US) and Kapsch TrafficCom (Austria) are leading players in 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.
The major vendors covered in the traffic management market include Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), Kapsch TrafficCom (Austria), Thales Group (France), Q-Free (Norway), PTV Group (Germany), Teledyne FLIR Systems Inc. (US), Cubic Corporation (US), TOMTOM (Netherlands), Huawei (China), ST Engineering (Singapore), ChevronTM (England), Indra Sistemas (Spain), and Econolite (US). 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.
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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 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.
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
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