Argentina Intelligent Traffic Management System Market Size & Outlook
Argentina intelligent traffic management system market, 2018-2030 (US$M)
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Argentina intelligent traffic management system market highlights
- The Argentina intelligent traffic management system market generated a revenue of USD 108.9 million in 2023 and is expected to reach USD 262.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Intelligent traffic management system market data book summary
| Market revenue in 2023 | USD 108.9 million |
| Market revenue in 2030 | USD 262.8 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Thales, International Business Machines Corp, Portland General Electric Co, Siemens AG, TomTom NV, Q-Free ASA Ordinary Shares, Transcore, Cubic Corporation, Atkins, Kapsch Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global intelligent traffic management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 674.5 million by 2030.
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Intelligent Traffic Management System Market Scope
Intelligent Traffic Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 67.95% in 2023. Horizon Databook has segmented the Argentina intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The unabated expansion of road networks, growing preference for EVs, and the increasing number of partnerships between the government and domestic and foreign companies to strengthen and upgrade the existing infrastructure, transportation facilities, and traffic systems are expected to fuel the growth of the Argentine intelligent traffic system market in the coming years.
The government is also focusing on raising foreign funding to finance the development of the road network and infrastructure. For instance, in March 2022, the government announced that the Middle East Development Funds would invest USD 1 billion to fund various road, rail, and infrastructure projects in Argentina. Such investments bode well for the growth of the Argentine intelligent traffic management system market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Argentina intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina intelligent traffic management system market size, by component, 2018-2030 (US$M)
Argentina Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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