Denmark Intelligent Traffic Management System Market Size & Outlook
Denmark intelligent traffic management system market, 2018-2030 (US$M)
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Denmark intelligent traffic management system market highlights
- The Denmark intelligent traffic management system market generated a revenue of USD 330.3 million in 2023 and is expected to reach USD 861.0 million by 2030.
- The Denmark market is expected to grow at a CAGR of 14.7% 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 330.3 million |
| Market revenue in 2030 | USD 861.0 million |
| Growth rate | 14.7% (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, Denmark accounted for 2.9% 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 Europe, Germany intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 861.0 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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Denmark 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 66.3% in 2023. Horizon Databook has segmented the Denmark intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Denmark is known for its commitment to sustainability and green initiatives. Stringent emission norms, the growing preference for Electric Vehicles (EVs), the continued rollout of charging infrastructure, and supportive government policies are driving the growth of the intelligent transportation market, which in turn, bodes well for the growth of the Danish intelligent traffic management system market.
Similarly, the government is encouraging the use of public transport and contemplating the green conversion of public road transport as part of the ambitious plans to lower CO2 emissions by 1 million tons by FY 2025. Such large-scale adoption of EVs in the country is expected to drive the growth of the Danish intelligent traffic management system market in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Denmark intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark intelligent traffic management system market size, by component, 2018-2030 (US$M)
Denmark Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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