Traffic Management System Market Size - By Technology, By Component, By Application, By Deployment Mode, By End Use, Analysis, Share, Growth Forecast, 2025 - 2034

The key players in the market include Cisco, Cohda Wireless, Cubic, Huawei Technologies, IBM, Intel, Iteris, Jenoptik, Kapsch, and Metro Infrasys.

Europe held 32% of the revenue share in the market in 2024, supported by investments in smart city projects, technological advancements, and strong transportation infrastructure.

The cloud segment accounted for approximately 67% of the revenue share in 2024, as it offers efficient, scalable, and flexible solutions compared to traditional on-premises systems.

The market size of traffic management system reached USD 29.4 billion in 2024 and is set to grow at a CAGR of 11.7% from 2025 to 2034, led by technological advancements addressing urban mobility complexities and traffic congestion.