Digitization in Public Transportation, North America and Europe, 2023 2030
Sustainability and Digitization are Driving Transformational Growth and Generating a Revenue Potential of $236.13 Billion by 2030
22-Oct-2024
Global
Market Research
The public transport industry is undergoing a transformative shift, driven by technological advancements, changing urban landscapes, and evolving passenger expectations. Digitization is emerging as a key catalyst for this transformation, offering opportunities to enhance efficiency, improve passenger experience, and foster sustainability.
Why does public transport digitization matter?
• Enhanced Efficiency: Digital technologies streamline operations, reduce costs, and improve resource allocation.
• Improved Passenger Experience: Real-time information, contactless payments, and personalized services enhance customer satisfaction.
• Sustainability: Digitization can contribute to reducing emissions and promoting sustainable transportation.
• Revenue Generation: Data-driven insights and new business models can unlock additional revenue streams.
What are the challenges and opportunities in public transport digitization?
Despite its benefits, digitization infrastructure limitations, data privacy concerns, and resistance to change. Overcoming these challenges presents significant opportunities for innovation and growth.
This Frost & Sullivan analysis examines the evolving landscape of public transport in North America and Europe, focusing on the transformative impact of digitization. By analyzing key trends, benchmarking leading cities, and forecasting market growth, the study provides a comprehensive overview of the industry's future.
This analysis has found that the adoption of digital technologies is reshaping the public transport sector, driving efficiency, enhancing passenger experience, and fostering sustainability. In that context, cities with higher population density and urban sprawl are experiencing accelerated digitization efforts to meet growing demand. A comparative analysis of more than 30 cities reveals best practices in contactless payments, integrated ticketing, and MaaS integration.
Furthermore, this analysis presents a global revenue forecast, highlighting the anticipated growth in the public transport sector driven by digitization and changing urban dynamics. It also examines key trends shaping the industry, which include the rise of Mobility-as-a-Service platforms, autonomous vehicles, and data-driven decision making.
The future of public transport is inextricably linked to digitization. By embracing technology, cities can create more efficient, sustainable, and passenger-centric transportation systems. This study offers valuable insights for policymakers, industry leaders, and investors seeking to navigate the evolving landscape of urban mobility. Finally, it presents three growth opportunities for stakeholders to seize.
Author: Chanchal Jetha
Scope of Analysis
Definition and Segmentation
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Public Transport Industry
Major Stakeholders
Key Definitions of Presentation Terms
Key Elements of the Evolving Public Transport Landscape
What Does Digitization Mean in the Public Transport Landscape?
Benefits of Traditional and Digital Ticketing in Public Transport
Competitive Environment
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue Forecast for Public Transport and Digitization Percentage
Revenue Forecast by Region for Public Transport
Revenue Forecast by Region for Public Transport Digitization
Revenue Forecast Analysis
Pricing Trends and Forecast Analysis
Benchmarking Criteria for Public Transport Digitization
Digitization Ranking for Public Transportation in 30 Cities
Various Implementation Models and Comparison
Public Transport and Metro Ridership Trends across 30 Cities
Population Density and Modal Share Comparison
Key Findings: Europe
Key Findings: North America
Key Trends in Public Transport Digitization
IoT and Big Data: Transforming Public Transport
Use of AI and ML
Blockchain and Security
ABT
Multimodal Integration
Growth Metrics
Revenue Forecast
Forecast Analysis
Amsterdam, the Netherlands
Amsterdam, the Netherlands (continued)
Barcelona, Spain
Barcelona, Spain (continued)
Berlin, Germany
Berlin, Germany (continued)
Brussels, Belgium
Brussels, Belgium (continued)
Budapest, Hungary
Budapest, Hungary (continued)
Copenhagen, Denmark
Copenhagen, Denmark (continued)
Dublin, Ireland
Dublin, Ireland (continued)
Helsinki, Finland
Helsinki, Finland (continued)
Istanbul, Turkey
Istanbul, Turkey (continued)
Lisbon, Portugal
Lisbon, Portugal (continued)
London, the United Kingdom
London, the United Kingdom (continued)
Madrid, Spain
Madrid, Spain (continued)
Milan, Italy
Milan, Italy (continued)
Munich, Germany
Munich, Germany (continued)
Oslo, Norway
Oslo, Norway (continued)
Paris, France
Paris, France (continued)
Prague, Czech Republic
Prague, Czech Republic (continued)
Rome, Italy
Rome, Italy (continued)
Stockholm, Sweden
Stockholm, Sweden (continued)
Vienna, Austria
Vienna, Austria (continued)
Warsaw, Poland
Warsaw, Poland (continued)
Zurich, Switzerland
Zurich, Switzerland
Growth Metrics
Revenue Forecast
Forecast Analysis
Chicago, the United States
Chicago, the United States (continued)
Los Angeles, the United States
Los Angeles, the United States (continued)
Montreal, Canada
Montreal, Canada (continued)
New York City, the United States
New York City, the United States (continued)
San Francisco, the United States
San Francisco, the United States (continued)
San Diego, the United States
San Diego, the United States (continued)
Toronto, Canada
Toronto, Canada (continued)
Washington, D.C., the United States
Washington, D.C., the United States (continued)
Growth Opportunity 1: Improving the Passenger Experience
Growth Opportunity 1: Improving the Passenger Experience (continued)
Growth Opportunity 2: Developing Electric and Alternative Fuel Vehicles
Growth Opportunity 2: Developing Electric and Alternative Fuel Vehicles (continued)
Growth Opportunity 3: Data-driven Decision Making
Growth Opportunity 3: Data-driven Decision Making (continued)
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer
- Digitization in Public Transport: Growth Metrics, North America and Europe, 2023
- Digitization in Public Transport: Growth Drivers, North America and Europe, 2024–2030
- Digitization in Public Transport: Growth Restraints, North America and Europe, 2024–2030
- Public Transport: Revenue Forecast, North America and Europe, 2022–2030
- Public Transport: Revenue Forecast by Region, North America And Europe 2022–2030
- Digitization in Public Transport: Revenue Forecast by Region, 2022–2030
- Digitization in Public Transport: Growth Metrics, Europe, 2023
- Digitization in Public Transport: Revenue Forecast, Europe, 2022–2030
- Digitization in Public Transport: Growth Metrics, North America, 2023
- Digitization in Public Transport: Revenue Forecast, North America, 2022–2030
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Deliverable Type | Market Research |
---|---|
Author | Chanchal Jetha |
Industries | Automotive |
No Index | No |
Is Prebook | No |
List of Charts and Figures | Digitization in Public Transport: Growth Metrics, North America and Europe, 2023~ Digitization in Public Transport: Growth Drivers, North America and Europe, 2024–2030~ Digitization in Public Transport: Growth Restraints, North America and Europe, 2024–2030~ Public Transport: Revenue Forecast, North America and Europe, 2022–2030~ Public Transport: Revenue Forecast by Region, North America And Europe 2022–2030~ Digitization in Public Transport: Revenue Forecast by Region, 2022–2030~ Digitization in Public Transport: Growth Metrics, Europe, 2023~ Digitization in Public Transport: Revenue Forecast, Europe, 2022–2030~ Digitization in Public Transport: Growth Metrics, North America, 2023~ Digitization in Public Transport: Revenue Forecast, North America, 2022–2030~ |
Podcast | No |
WIP Number | MH87-01-00-00-00 |