Global Smart Transportation Market Size & Outlook
Global smart transportation market, 2018-2030 (US$M)
Related Markets
Global smart transportation market highlights
- The global smart transportation market generated a revenue of USD 121.4 million in 2023 and is expected to reach USD 285.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13% by 2030.
- In terms of segment, solution accounted for a revenue of USD 78.7 million in 2023.
- Services is the most lucrative offering 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 121.4 million |
| Market revenue in 2030 | USD 285.1 million |
| Growth rate | 13% (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 32.7% of the global smart transportation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 60.2 million by 2030.
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Smart Transportation Market Scope
Smart Transportation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart transportation 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 smart transportation market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.83% in 2023. Horizon Databook has segmented the Global smart transportation market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Transportation Offering Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Ticketing Management System
- Parking Management System
- Integrated Supervision System
- Traffic Management System
- Services
- Cloud Services
- Business Services
- Professional Services
- Solution
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Target buyers of Global smart transportation market databook
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Our clientele includes a mix of smart transportation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart transportation market , including forecasts for subscribers. This global databook contains high-level insights into Global smart transportation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart transportation market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart transportation market size, 2023 (US$M)
Global smart transportation market share, by offering, 2023 & 2030 (%, US$M)
Smart transportation market: Opportunity assessment by country
Global smart transportation market, by region, 2023 (US$M)
| Offering | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 30.1 | 32.9 | 31.7 | 34.0 | 36.6 | 39.6 | 43.2 | 47.4 | 52.4 | 58.3 | 65.4 | 73.9 | 84.1 | 11.4% |
| Europe | 23.8 | 26.4 | 25.9 | 28.2 | 30.9 | 34.1 | 37.8 | 42.3 | 47.5 | 53.9 | 61.5 | 70.8 | 82.1 | 13.4% |
| Asia Pacific | 18.1 | 20.4 | 20.3 | 22.4 | 24.8 | 27.7 | 31.1 | 35.2 | 40.0 | 45.9 | 53.0 | 61.7 | 72.2 | 14.7% |
| Latin America | 5.2 | 5.7 | 5.6 | 6.0 | 6.5 | 7.1 | 7.8 | 8.7 | 9.7 | 10.9 | 12.3 | 14.1 | 16.1 | 12.4% |
| MEA | 9.0 | 10.0 | 9.8 | 10.7 | 11.7 | 12.8 | 14.2 | 15.8 | 17.8 | 20.1 | 23.0 | 26.4 | 30.6 | 13.2% |
| Overall | 86.1 | 95.5 | 93.3 | 101.3 | 110.5 | 121.4 | 134.2 | 149.3 | 167.4 | 189.0 | 215.2 | 246.9 | 285.1 | 13.0% |
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