PUBLISHER: Verified Market Research | PRODUCT CODE: 1733408
PUBLISHER: Verified Market Research | PRODUCT CODE: 1733408
Public Transportation Software Market size was valued at USD 0.863 Billion in 2024 and is projected to reach USD 1.332 Billion by 2032, growing at a CAGR of 5.95% during the forecast period 2026-2032.
The increasing demand for efficient and improved transportation services by the public or masses is a vital factor driving the growth of the global Public Transportation Software Market. The Global Public Transportation Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Public Transportation Software Market Definition
Public transportation software offers administrative support to transportation agencies along with fleet and passenger management. The software for companies is similar to fleet management software. Public transport software, however, includes passenger-oriented features. So rather than maintenance being central to public transit software suites, routes, maps, and ticketing are primary, as well as communicating these to bus and shuttle riders. At present public transportation software is provided by specialized vendors who operate primarily or exclusively in the public transit vertical.
Global Public Transportation Software Market Overview
Urbanization is inevitable as a country's production moves away from agriculture and towards industry. With the increasing advancements in technology, factors such as automation and the implementation of technology in various industries vectors are leading to an increased rate of urbanization. The rising number of vehicles, urbanization, and increasing IoT acceptance are projected to open up many growth opportunities for the Public Transportation Software Market. However, the lack of standardized and uniform technology and complexities in integration over legacy systems and networks is likely to hamper the growth of the market. Moreover, increasing digital transformation in developing economies is expected to provide lucrative opportunities for the market to grow over the forecast period.
Urbanization is inevitable as a country's production moves away from agriculture and towards industry. With the increasing advancements in technology, factors such as automation and the implementation of technology in various industries vectors are leading to an increased rate of urbanization. The rising number of vehicles, urbanization, and increasing IoT acceptance are projected to open up many growth opportunities for the Public Transportation Software Market. However, the lack of standardized and uniform technology and complexities in integration over legacy systems and networks are likely to hamper the growth of the market. Moreover, increasing digital transformation in developing economies is expected to provide lucrative opportunities for the market to grow over the forecast period.
The Global Public Transportation Software Market is segmented on the basis of Deployment Model, Application, and Geography.
Based on Deployment Model, the market is bifurcated into Cloud Based and Web Based. Cloud Based accounted for the largest market share in 2019. The cloud-based application also offers benefits like storage of data in the cloud for both public and private transportation agencies allowing them to access the data in real-time.
Based on Application, the market is bifurcated into Large Enterprises and SMEs. Large Enterprises accounted for the largest market share in 2019.
The "Global Public Transportation Software Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Telenav Inc., ESRI Inc., Ecolane, Trip Master, Optibus, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.