Market Overview:
The global IT spending in transportation market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing adoption of advanced technologies, such as big data and analytics, cloud computing, and Internet of Things (IoT), across various transportation modes. Furthermore, the growing demand for real-time information and better customer experience is also fueling the growth of this market. The hardware segment is expected to hold the largest share in terms of revenue in 2018 owing to the increasing investments by transport operators in upgrading their infrastructure with new technologies such as IoT and big data analytics. However, over time, software and solutions are projected to witness higher growth rates as compared to hardware due its ability provide enhanced features at a lower cost.
Product Definition:
Information technology (IT) spending in transportation is the amount of money spent on information technology products and services by transportation companies. The importance of IT spending in transportation is that it allows companies to improve their operations through the use of technology. This can include things such as improving communication, increasing efficiency, and reducing costs.
Hardware:
Hardware is the tangible, physical entity in IT systems and networks. Hardware includes storage devices, networking devices, microprocessors or chipsets and other electronic components such as integrated circuits (IC), connectors & wires. Hardware has always been a crucial part of business operations in the Information Technology (IT) industry owing to its ability to store data on digital media for easy access at a later stage.
Hardware spending has increased over the last five years with an average annual growth rate of 5%%.
Software and Solutions:
Software and solutions are the tools that help in carrying out a particular task efficiently. It is used by an individual or an organization to perform a specific activity. The solution helps in providing efficient services for customers, which results into increased productivity and reduced operational cost.
IT spending in transportation market includes software & solutions such as ITES, analytics software, GIS technology, mobile applications & services among others.
Application Insights:
The road transport segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The increasing need for developing advanced transportation systems to cater to the growing demand is anticipated to drive growth over the coming years.
The railways segment was valued at USD 1,252.1 million in 2017 owing to an increase in government funding and initiatives such as ¢â‚¬Å“Make In India¢â‚¬ that is intended towards promoting domestic manufacturing of railway equipment and infrastructure components by private companies, thereby driving industry growth over the coming years.
Global IT spending on airlines applications witnessed a significant rise of 12% from 2016-2017 owing to various factors such as rising passenger traffic coupled with technological advancements that have led major airlines across countries including China, Japan, Germany and Australia have implemented mobile check-in solutions or e-ticketsing for their passengers which has further propelled industry growth globally.
Regional Analysis:
The North American region dominated the market in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in air, rail, and highway infrastructure. Moreover, favorable government policies encouraging private participation are also expected to drive regional growth over the next eight years.
Asia Pacific is anticipated to emerge as a lucrative region for transportation IT spending owing to increasing demand from developing countries such as India and China. In addition, rising awareness regarding road safety is further anticipated boost regional demand during the forecast period. Europe's share of global spending on ITT in transportation has been growing steadily since 2010 when it first emerged as a major contributor among other regions accounting for 18% of total revenue share that year followed by North America with 17%.
Growth Factors:
- Increasing demand for data-driven transportation services
- Proliferation of connected and autonomous vehicles
- Rising demand for multimodal transportation services
- Emergence of blockchain technology in the transportation sector
- Growing popularity of shared mobility services
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Transportation Market Research Report
By Type
Hardware, Software and Solutions, IT Services
By Application
Airlines, Waterways, Railways, Road Transport
By Companies
Accenture, Cisco Systems, GE Transportation Systems, IBM, Siemens, Amadeus, Alstom, Atos, Bass Software, Capgemini, Cognizant, Cubic, Damarel, Descarts Systems, DNV GL, Ikusi, Indra Sistemas, KAPSCH, LG CNS, Mindfire Solutions, NEC, Northrop Grumman, Wayne RESA, Rockwell Collins, SAP, TCS, Thales Group, Veson Nautical, Wipro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Transportation Market Report Segments:
The global IT Spending in Transportation market is segmented on the basis of:
Types
Hardware, Software and Solutions, IT Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airlines, Waterways, Railways, Road Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Cisco Systems
- GE Transportation Systems
- IBM
- Siemens
- Amadeus
- Alstom
- Atos
- Bass Software
- Capgemini
- Cognizant
- Cubic
- Damarel
- Descarts Systems
- DNV GL
- Ikusi
- Indra Sistemas
- KAPSCH
- LG CNS
- Mindfire Solutions
- NEC
- Northrop Grumman
- Wayne RESA
- Rockwell Collins
- SAP
- TCS
- Thales Group
- Veson Nautical
- Wipro
Highlights of The IT Spending in Transportation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software and Solutions
- IT Services
- By Application:
- Airlines
- Waterways
- Railways
- Road Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending in Transportation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending in transportation includes expenditures on software, hardware, and services that support the movement of people and goods. This category includes expenses such as salaries for IT personnel who manage transportation systems, research and development for new transportation technologies, and advertising campaigns to promote public transit.
Some of the major companies in the it spending in transportation market are Accenture, Cisco Systems, GE Transportation Systems, IBM, Siemens, Amadeus, Alstom, Atos, Bass Software, Capgemini, Cognizant, Cubic, Damarel, Descarts Systems, DNV GL, Ikusi, Indra Sistemas, KAPSCH, LG CNS, Mindfire Solutions, NEC, Northrop Grumman, Wayne RESA, Rockwell Collins, SAP, TCS, Thales Group, Veson Nautical, Wipro.
The it spending in transportation market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Spending in Transportation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Spending in Transportation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Spending in Transportation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Spending in Transportation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Spending in Transportation Market Size & Forecast, 2018-2028
4.5.1 IT Spending in Transportation Market Size and Y-o-Y Growth
4.5.2 IT Spending in Transportation Market Absolute $ Opportunity
Chapter 5 Global IT Spending in Transportation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Spending in Transportation Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software and Solutions
5.2.3 IT Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Spending in Transportation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Spending in Transportation Market Size Forecast by Applications
6.2.1 Airlines
6.2.2 Waterways
6.2.3 Railways
6.2.4 Road Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Spending in Transportation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Spending in Transportation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Spending in Transportation Analysis and Forecast
9.1 Introduction
9.2 North America IT Spending in Transportation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Spending in Transportation Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software and Solutions
9.6.3 IT Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Spending in Transportation Market Size Forecast by Applications
9.10.1 Airlines
9.10.2 Waterways
9.10.3 Railways
9.10.4 Road Transport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Spending in Transportation Analysis and Forecast
10.1 Introduction
10.2 Europe IT Spending in Transportation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Spending in Transportation Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software and Solutions
10.6.3 IT Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Spending in Transportation Market Size Forecast by Applications
10.10.1 Airlines
10.10.2 Waterways
10.10.3 Railways
10.10.4 Road Transport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Spending in Transportation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Spending in Transportation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Spending in Transportation Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software and Solutions
11.6.3 IT Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Spending in Transportation Market Size Forecast by Applications
11.10.1 Airlines
11.10.2 Waterways
11.10.3 Railways
11.10.4 Road Transport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Spending in Transportation Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Spending in Transportation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Spending in Transportation Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software and Solutions
12.6.3 IT Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Spending in Transportation Market Size Forecast by Applications
12.10.1 Airlines
12.10.2 Waterways
12.10.3 Railways
12.10.4 Road Transport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Spending in Transportation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Spending in Transportation Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Spending in Transportation Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software and Solutions
13.6.3 IT Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Spending in Transportation Market Size Forecast by Applications
13.10.1 Airlines
13.10.2 Waterways
13.10.3 Railways
13.10.4 Road Transport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Spending in Transportation Market: Competitive Dashboard
14.2 Global IT Spending in Transportation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Cisco Systems
14.3.3 GE Transportation Systems
14.3.4 IBM
14.3.5 Siemens
14.3.6 Amadeus
14.3.7 Alstom
14.3.8 Atos
14.3.9 Bass Software
14.3.10 Capgemini
14.3.11 Cognizant
14.3.12 Cubic
14.3.13 Damarel
14.3.14 Descarts Systems
14.3.15 DNV GL
14.3.16 Ikusi
14.3.17 Indra Sistemas
14.3.18 KAPSCH
14.3.19 LG CNS
14.3.20 Mindfire Solutions
14.3.21 NEC
14.3.22 Northrop Grumman
14.3.23 Wayne RESA
14.3.24 Rockwell Collins
14.3.25 SAP
14.3.26 TCS
14.3.27 Thales Group
14.3.28 Veson Nautical
14.3.29 Wipro
