Traffic Management Market

Cisco Systems, Inc. (California, US) and Cubic Corporation (California, US) are the Major players in the Traffic Management Market

The traffic management market is expected to grow from USD 22.96 Billion in 2017 to USD 59.48 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.0%, owing to the various ongoing smart cities and smart transportation projects globally.

The major players in the traffic management market include Accenture PLC (Dublin, Ireland), Atkins Group (London, UK), Cellint (Tel Aviv, Israel), Cisco Systems, Inc. (California, US), Citilog (Arcueil, France), Cubic Corporation (California, US), EFKON AG (Raaba, Austria), Esri (California, US), FLIR Systems, Inc. (Oregon, US), IBM Corporation (New York, US), Indra Sistemas, S.A. (Madrid, Spain), Industrial Management Technology & Contracting (IMTAC) LLC (Muscat, Sultanate of Oman), IntelliVision Technologies (California, US), Iteris, Inc. (Delaware, US), Jenoptik AG (Jena, Germany), Kapsch TrafficCom AG (Vienna, Austria), Lanner Electronics Inc. (New Taipei, Taiwan), LG CNS Co. Ltd. (Seoul, South Korea), Metro Infrasys Pvt. Ltd. (New Delhi, India), PTV Planung Transport Verkehr AG (Baden-Württemberg, Germany), Q-Free ASA (Trondheim, Norway), Siemens AG (Munich, Germany), SWARCO AG (Wattens, Austria), TransCore, LP (Pennsylvania, US), and Savari, Inc. (California, US). These players have adopted various growth strategies, such as new product launches, partnerships, agreements, mergers and acquisitions, and expansions. Product launches and acquisitions were the two major strategies adopted by these players to achieve a strong foothold in the traffic management market.

Cisco Systems is one of the prominent players in the traffic management market. It provides Smart+Connected traffic management solutions. Cisco’s solutions encapsulate IP camera, sensors, applications, and digital network architecture. The solution enables transit agencies and governments to monitor the city traffic in real time, and provides detailed urban traffic insights for better decision-making and planning. The solution empowers the traffic operators with traffic monitoring, incident detection and management, administration, and analytics. In addition, Cisco provides connected roadways for improving traffic flow, reducing roadside incidents, and providing a centralized control system for highways. Cisco has complemented its offerings with a strong and dedicated support and maintenance team that provides 24/7 support services to its client. Cisco has adopted various business strategies to enhance its offerings to its customers. For instance, in October 2015, Cisco opened an innovation center in France to promote and provide innovative solutions for smart cities. The innovation center aimed to promote its Internet of Everything (IoE) and Artificial Intelligence (AI). In February 2015, Cisco launched the Cisco Transportation Suite. This transportation suite assisted traffic management authorities to reduce roadside traffic accidents and improve the traffic flows. These strategies have helped the company to establish itself as a market leader and strengthen its product portfolio in the traffic management market.

Cubic Corporation is another innovator catering to the traffic management market. The company provides various products and offers intelligent traffic and transportation management solutions. It has high breadth of offerings, bundles various solutions into one solution, and offers an integrated traffic management system to its client. For monitoring and controlling urban and semi-urban traffic, the company integrates traffic and incident management, decision support, bus tracking, and passenger information with its traffic management system. In addition,, it also offers security camera and associated back-office solutions in the traffic management market. The company follows the strategy of acquisitions for expanding its presence in the traffic management market. For instance, in November 2016, Cubic Corporation acquired Vocality International, a leading provider of embedded technology that unifies communications platforms, enhances voice quality, increases video performance, and optimizes data throughput. This acquisition enabled Cubic to expand its offerings in Europe and strengthen its product portfolio.

Related Reports:

Traffic Management Market by Software (Smart Signaling, Route Guidance, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, Surveillance Cameras, and Others), Service, System, and Region - Global Forecast to 2022

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Report Code
TC 2593
Published ON
Jun, 2017
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