Spain Intelligent Traffic Management System Market Size & Outlook
Spain intelligent traffic management system market, 2018-2030 (US$M)
Related Markets
Spain intelligent traffic management system market highlights
- The Spain intelligent traffic management system market generated a revenue of USD 359.6 million in 2023 and is expected to reach USD 869.1 million by 2030.
- The Spain 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 359.6 million |
| Market revenue in 2030 | USD 869.1 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, Spain accounted for 3.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Intelligent Traffic Management System Market Scope
Intelligent Traffic Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 67.24% in 2023. Horizon Databook has segmented the Spain intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing government investments to improve the overall transportation infrastructure in the region are expected to drive the adoption of intelligent traffic management systems. Funding for projects that focus on improving traffic safety and efficiency can contribute to market growth.
For instance, in June 2023, EU announced that it will be investing around USD 6.5 billion for building an efficient transport infrastructure across the region. Under this, 11 infrastructure projects will receive funding from the EU, thus supporting the growth of the ITMS market in Spain.
Reasons to subscribe to Spain intelligent traffic management system market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Spain intelligent traffic management system market databook
-
Our clientele includes a mix of intelligent traffic management system market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Spain intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Spain intelligent traffic management system market size, by component, 2018-2030 (US$M)
Spain Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
