Italy Intelligent Traffic Management System Market Size & Outlook
Italy intelligent traffic management system market, 2018-2030 (US$M)
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Italy intelligent traffic management system market highlights
- The Italy intelligent traffic management system market generated a revenue of USD 326.9 million in 2023 and is expected to reach USD 750.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 12.6% 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 326.9 million |
| Market revenue in 2030 | USD 750.7 million |
| Growth rate | 12.6% (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, Italy 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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Italy 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 68.22% in 2023. Horizon Databook has segmented the Italy intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in road accidents over the past few years has prompted the Italian government and transportation authorities to implement strict measures for road safety and invest in advanced safety solutions.
This is expected to bring growth opportunities to the Italian intelligent traffic management system market. For instance, in January 2023, Matteo Salvini, the deputy Prime Minister, launched a road safety plan to curb the rising road accidents in the region.
Under this, the government plans to install more traffic signs and advanced traffic management techniques. Such instances are expected to bode well for the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Italy intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy intelligent traffic management system market size, by component, 2018-2030 (US$M)
Italy Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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