Global Intelligent Traffic Management System Market Size & Outlook
The intelligent traffic management system industry worldwide is expected to reach a projected revenue of US$ 27,922.1 million by 2030. A compound annual growth rate of 13.8% is expected of the worldwide intelligent traffic management system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$11,309.4
Forecast, 2030 (US$M)
$27,922.1
CAGR, 2024 - 2030
13.8%
Report Coverage
Worldwide
Global intelligent traffic management system market, 2018-2030 (US$M)
Related Markets
Global intelligent traffic management system market highlights
- The global intelligent traffic management system market generated a revenue of USD 11,309.4 million in 2023 and is expected to reach USD 27,922.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.8% by 2030.
- In terms of segment, solution accounted for a revenue of USD 7,554.5 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,309.4 million |
| Market revenue in 2030 | USD 27,922.1 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 37.5% of the global intelligent traffic management system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,126.8 million by 2030.
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Intelligent Traffic Management System Market Scope
Intelligent traffic management system market segmentation & scope
Other
Intelligent Traffic Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global intelligent traffic management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intelligent traffic management system market will help companies and investors design strategic landscapes.
solution was the largest segment with a revenue share of 66.8% in 2023. Horizon Databook has segmented the Global intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Intelligent Traffic Management System Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Traffic Monitoring System
- Traffic Signal Control System
- Traffic Enforcement Camera
- Integrated Corridor Management
- Intelligent Driver Information System
- Traffic Analytics
- Other
- Services
- Professional Services
- Design and Implementation
- Consulting
- Support and Maintainance
- Training and Education
- Managed Services
- Professional Services
- Solution
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Horizon Databook provides a detailed overview of global-level data and insights on the Global intelligent traffic management system market , including forecasts for subscribers. This global databook contains high-level insights into Global intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global intelligent traffic management system market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Intelligent traffic management system market size, 2023 (USD Million)
Top 10 countries: Intelligent traffic management system market size, 2023 (USD Million)
Global intelligent traffic management system market, by region, 2023 (US$M)
Related regional statistics
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