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Traffic Management System Market Share

Report ID: GMI2363
Published Date: Aug 2020
Report Format: PDF

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Traffic Management System Market Share

The competition in the industry is characterized by R&D investments by market players in the development and commercialization of innovative solutions. Companies are focusing on securing contracts for deploying small, medium, and large-scale deployment projects for installing their solutions in smart city projects. For instance, in June 2020, Siemens AG received a contract worth USD 150 million by Miami-Dade County, Florida, U.S. Siemens AG will provide traffic management system solutions and upgrade 2,900 traffic corridors and intersections.

Key traffic management system market players are:

Accenture PLC
Cisco Systems, Inc
Citilog S.A. (Axis AB)
Cubic Corporation
FLIR Systems
Garmin Ltd
IBM Corporation
Iteris Inc
Global Traffic Technologies LLC
Jenoptik AG
Kapsch TrafficCom AG
Lanner
Siemens AG
Dahua Technology.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of traffic management system is predicted to cross USD 25 billion by 2026 growing at a rate of 5%, says this GMI report.

The U.S. traffic management system market is expected to register 9% CAGR through 2026. The software is being widely deployed to reduce traffic congestions and offer real-time traffic alerts to commuters.

Owing to the rapidly growing volume of freight transport, the UAE dynamic segment is forecast to register a CAGR of 2% through 2026.

The pandemic which has hit hard on the worldwide economy and created a wave of recession is expected to restrict the market demand.

Key participants are Accenture PLC, Siemens AG, Citilog S.A. (Axis AB), Cisco Systems, Inc., FLIR Systems, Garmin Ltd., Cubic Corporation, Iteris Inc., IBM Corporation, Jenoptik AG, Global Traffic Technologies, LLC, Lanner Inc., Kapsch TrafficCom AG and Dahua Technology.