AI in transportation market The AI in Transportation market is on a robust growth trajectory, with an estimated value of USD 21.4 billion by 2033, reflecting a significant CAGR of 19.5% from 2024 to 2033. This market encompasses various components, technologies, and applications aimed at integrating AI into transportation systems for improved efficiency and safety.
One of the key components driving this growth is the Software segment, which held a dominant market position in 2023, accounting for over 42.7% of the market share. The increasing demand for intelligent transportation management systems, including features like real-time traffic management and predictive maintenance, is fueling the prominence of software solutions in optimizing transportation networks.
AI in Transportation Market Growth https://www.linkedin.com/pulse/ai-transportation-market-towards-usd-214-billion-2033-markets-us-ccpjf#:~:text=The%20AI%20in%20Transportation%20market%20is%20expected%20to%20reach%20approximately,for%20intelligent%20transportation%20management%20systems.
-To play a major role on software service is a right decision for QTRH..