The global IT spending in transportation market is expected to grow at a significant CAGR during the forecast period. It is defined as an investment or spending in the transportation system and its related activities in terms of devices and solutions. IT spending has been increasing across several transportation modes including airways, roadways, railways and waterways. IT solutions enable drivers and passengers in a vehicle with information regarding schedules, weather condition and traffic updates that increase transportation efficiency.
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Based on application, the global IT spending in the transportation market is classified into airlines, railways, waterways and road transport. The airlines segment witness substantial growth in the market and exhibit the highest CAGR during the forecast period. This has been resulting owing to the increasing upgradation and evolution of infrastructure in the transportation vertical. Several airlines’ administrations including domestic and international airlines have been upgrading their infrastructure coupled with increasing demand for cargo movements owing to the increasing e-commerce industry. Additionally, the rising IT spending in the airlines transportation segment are some major dynamics that is projected to dominate the segment throughout the forecast period and flourish the market growth of the global IT spending in the transportation market.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global IT Spending in Transportation Market Report Segment
By Type
o Hardware
o Solutions
o IT Services
By Application
o Airlines
o Railways
o Waterways
o Road Transport
Global IT Spending in Transportation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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