Connect with us
European Gaming Congress 2024

Artificial Intelligence

Green Cement Market Expected to See Incredible Growth USD 46.82 billion by 2029, growing at 8.7% CAGR | Exactitude Consultancy




Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Green Cement Market.

The global green cement market is expected to grow at an 8.7% CAGR from 2023 to 2029. It is expected to reach above USD 46.82 billion by 2029 from USD 22.10 billion in 2022.

Green cement is a cementitious substance made from industrial waste such as waste from power plants, reclaimed concrete, waste from mining and quarrying, burnt clay, and slag. Green cement is largely employed in the construction of residential, non-residential, industrial, and infrastructural projects. Green cement has the potential to reduce carbon emissions by 40% to 50%. It also has excellent thermal and fire-resistant characteristics. Additionally, it has good alkali resistance throughout climate and weather variations.

Available Sample Report in PDF Version along with Graphs and Figures @


The Environmental Action Fund (EAF) offers financial aid to both voluntary and community sector groups to support the Government’s sustainable development projects within England. For this, EAF provided funds of $33.6 million to $1.01 billion up to 3years. Furthermore, the construction sector has a direct connection with several diverse sectors, such as energy, logistics, manufacturing, and so on. Therefore, growth in these sectors will assist in the green cement market growth.  Additionally, China’s belt and road initiative will further propel the market growth during the forecast period.

Green Cement Market News

  • October 2022: JSW Cement announced that it plans to invest more than INR 3,200 crore (USD 390 million) to establish an integrated green cement manufacturing facility in Madhya Pradesh as well as a split grinding unit in Uttar Pradesh. The combined cement capacity across both these units will be 5 metric tonnes per annum (MTPA).
  • July 2022: Hallett Group announced the launch of a USD 125 million valued green cement project that will reduce Australian carbon dioxide (CO2) emissions by 300,000 tonnes per annum immediately, growing to approximately one million tonnes per annum in the future, is taking shape across Port Adelaide, Port Augusta, Port Pirie, and Whyalla.
  • In July 2022, Holcim signed an agreement with Ol-Trans, the leader in ready-mix concrete in the Gdansk-Sopot-Gdynia area, to acquire its five concrete plants. With 2022 estimated net sales of CHF 27 million, the transaction will strengthen Holcim’s local ready-mix concrete network and firmly establish it as the leader in Northern Poland.
  • In May 2022, HeidelbergCement has joined the First Movers Coalition (FMC), a public-private partnership between the US State Department, the World Economic Forum and forward-thinking companies from different industry sectors. The First Movers Coalition has been created in 2021 as a platform for companies to use their scale and create demand to make emerging clean technologies accessible and scalable.

Need for Green Cement

  • Look around you. Every building, road and infrastructure project you see is built using concrete. Billions of tonnes every year. Cement and the concrete it makes, are both a necessity, and a challenge. A challenge because the process to manufacture cement results in GHG emissions. And as the world wakes up to the pressing challenge of global warming, abating and avoiding these emissions is critical. At the same time, Cement is a key ingredient for developing our cities and societies: construction material is responsible for putting roofs over the heads of billions. As the backbone of the housing and infrastructure market, it also fuels widespread economic growth.
  • As the world’s third largest emitter of carbon dioxide, India’s ‘net-zero’ commitment will be consequential for the planet’s fight against climate change, more so in this decade as we strive to halve global emissions by 2030 to limit global warming to 1.5°C. Amongst India’s five climate targets, Prime Minister Narendra Modi has called for reducing 1 billion tonnes of carbon emissions by 2030, with India targeting to reach net-zero emissions by 2070.
  • Industrial manufacturing—producing nearly 20 percent of India’s GHG emissions—is one of the hardest to abate. Almost half of these emissions come from just two industries — iron & steel and cement—making it critical to decarbonize these sectors if India is to achieve its net-zero goal. The cement industry as a whole is responsible for nearly 7% of the total CO2 emissions globally.
  • Evolving regulations and the increasing frequency of natural disasters are changing how construction industries design, build and operate critical infrastructure, from public infrastructure to industries, to real estate.
  • The cement industry’s role in providing sustainable infrastructure requires a holistic approach. This includes decarbonization of not only construction processes but materials as well- creating ways to manufacture and promote greener cement alternatives.

Future Hopes for Greener Concrete

  • There are even more ideas on the horizon that haven’t come to fruition yet. Something like capturing CO2 during production is a promising idea similar to carbon capture during coal-fired electricity generation.
  • Hopefully, another alternative will be carbon-negative cement, which would replace quicklime with magnesium oxide. Neither of these has quite gotten the momentum they need.
  • But researchers know the potential of these ideas. The next steps are to get clients and contractors to use the newer, greener options. Keep an eye out for these alternatives! You can find sustainable options for just about everything.

North America dominated the green cement market with a share of more than 45%, followed by APAC and Europe.

The demand for new homes in the United States has been continuously increasing in recent years, owing to the country’s growing population and rising consumer incomes. The US Census Bureau has been issuing more permits for the construction of new residential buildings in response to the growing trend of multi-family buildings and the increase in migration to cities. The growth of new home development in the United States has also been fuelled by a reduction in typical household sizes, with single-family housing rising at a rapid rate. Furthermore, during the projected period, the aforementioned reasons, together with a growing focus on green buildings, are offering prospects for green cement to be used in the construction sector at a significant pace

Green Cement Market Dynamics



  • The green cement market is driven due to the growing use of specialty green cementing polymer synthesis is the growth driver for the underground specialty cement industry. Utilized in wires and links, devices, conductive bundling, film and sheet, filaments, mouldings, and lines are the polymer created using specialty green cement. Specialty green cement is increasingly being employed to give polymers unmatched functions like UV security and conductive characteristics. Green cement also has a wide range of applications in the construction of printing inks as a result of its extraordinary pigmenting ability. The need for specialty green cement is being driven by the overall growing interest in printing inks in the packaging industry during the anticipated period.
  • There has been a move toward eco-friendly supplies as environmental damage from carbon emissions is becoming more widely recognized. Green cement is therefore frequently used in domestic, business, and industrial construction. Furthermore, the use of green cement and the construction of eco-friendly buildings have been encouraged by stringent laws and regulations that have been passed by governments of both established and emerging nations.


  • The high expenditure needed to produce green cement is anticipated to adversely hinder market expansion. Because investing in a novel product or production technique carries a certain amount of risk, both manufacturers and consumers are hesitant to purchase green cement. Green cement production has comparatively greater startup and production costs than OPC manufacturing. Lack of product understanding among many consumers and in the construction industry across many countries is also having a negative effect on demand. Since the product is still being developed, many companies are spending more money on R&D initiatives to produce more advanced and practical products that may lessen the carbon impact of cement production.


  • Increase in the Construction Costs
  • Lack of Awareness Regarding Green Cement

Green Cement Key Market Trends

  • Green cement use has increased in the residential sector as a result of an increase in building rules and legislation that demand energy-efficient buildings.
  • For instance, the latest changes to Canada’s energy code now require continuous below-grade insulation in residential constructions. Green cement is in high demand in emerging economies, including India.
  • The emphasis on creating zero waste regions is growing as a result of rising demand for sustainable products and the adoption of strict carbon emission rules. Additionally, strict US Environmental Protection Agency (EPA) laws surrounding GHG emissions are driving up consumer demand for renewable energy sources in North America.
  • Additionally, throughout the course of the forecast period, the residential green cement market is anticipated to be driven by rising consumer awareness of the energy advantages of green homes, particularly in developed countries.

Benefits of Green Cement Present Lucrative Opportunities

  • Demand for green cement is anticipated to witness a spike due to its benefits. This type of cement is known for reducing the carbon footprint by about 40-50% during its production process.
  • The main reason for the rising uptake of green cement in growing number of construction activities is the fact that it uses less water. Additionally, it provides excellent thermal insulation and superior fire resistance, which enables structures built with green cement to withstand temperatures up to 2400F.
  • Green cement is known to offer unmatched insulation; therefore, it also makes the building resistant to moisture, thereby offering it a good protection against corrosion as well.

Green Cement in Residential Sector Generates Opportunities

The global green cement market is majorly driven by factors such as rapid urbanization in developing countries, growth in building & construction activities, rising demand for single homes, etc. Green cement market growth is a result of rising disposable money and shifting customer lifestyles. Due to its better thermal insulation and fire protection qualities, green cement is an excellent replacement for ordinary Portland cement (OPC). Green cement is in greater demand due to expanding building and growth in emerging industries. Green cement-built structures can endure temps of up to 2400°F.

Green cement is a material produced from industrial wastes, burnt clay, slag, power plant wastes, recycled concrete, etc. Additionally, because it offers superior resilience to alkali assault during weather changes, green cement is frequently used in a variety of building & construction projects. Manufacturers in the green cement industry can anticipate lucrative opportunities as a result of this aspect. Because of its superior insulation qualities, green cement provides security against rust.

Green Cement Market Report Scope

Report Attribute



Market size value in 2022

USD 22.10 billion in 2022

Revenue forecast in 2029

USD 46.82 billion by 2029


Growth rate

CAGR of 8.7% from 2023 to 2029

Base year for estimation


Historical data


2017 – 2022

Forecast period

2023 – 2029

Quantitative units

Volume in kilo tons, revenue in USD million and CAGR from 2023 to 2029


Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope


North America; Europe; China; Asia; Pacific; Central & South America; MEA

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Poland; Spain; India; Japan; Thailand; Malaysia; Indonesia; Vietnam; Singapore; Philippines; Brazil; Argentina; Saudi Arabia; UAE; Oman

Key companies profiled

HeidelbergCement AG, LafargeHolcim Ltd., UltraTech Cement Ltd., Taiwan Cement Corporation, ACC Limited., Taiheiyo Cement Corporation, Anhui Conch Cement., CEMEX S.A.B. de C.V., Ecocem Ireland Ltd., Calera Corporation, and Green Island Cement Limited


Key Market Opportunities          

Green cement is becoming more popular in the residential sector as a result of an increase in the number of building rules and policies requiring energy-efficient structures.

Some of the major players in the green cement market are

  • ACC Limited
  • Anhui Conch Cement
  • Solidia Technologies
  • Taiheiyo Cement Corporation
  • UltraTech Cement Limited
  • Votorantim Cimentos
  • Ecocem Ireland Ltd.
  • Heidelberg Cement
  • Kiran Global Chems
  • LafargeHolcim Ltd.
  • Navrattan Blue Crete Industries
  • Taiwan Cement Corporation
  • CNBM
  • Navrattan Group
  • Italcementi

Access Full 75 Pages PDF Research Report @

Key Market Segments:


Green Cement Market by Product Type, 2023-2029, (USD Million), (Kilotons)

  • Fly-Ash Based
  • Slag Based
  • Recycled Aggregates
  • Others

Green Cement Market by Product Type, 2023-2029, (USD Million), (Kilotons)

  • Residential
  • Commercial
  • Industrial
  • Others

Green Cement Reduces Carbon Footprint

The global green cement market is negatively affected by halted businesses and industrial activities during the coronavirus outbreak. The building & construction industry is also suffered due to prolonged lockdown and disruption in supply chain. Green cement is widely used in residential and non-residential construction projects across the globe. There is an increasing demand for green cement from industrial and infrastructure applications as well. One of the top reasons of popularity of green cement in various end-use industries is its capability of reducing carbon footprint by 40-50% at the time of its production.

In addition, excellent thermal and fire resistance properties of green cement make it a good choice for building & construction projects. Many developers and builders are adopting environment-friendly products to reduce the carbon footprint, and its harsh effects on the environment. After successful vaccination drives, the residential sector is booming, thus creating lucrative opportunities for the market players in the green cement market. The strong presence of manufacturers operating in the green cement market is driving market growth amid the coronavirus pandemic. Increasing usage of green cement in building & construction, residential & non-residential, industrial, and infrastructure applications is contributing to market expansion.

Increasing demand for sustainable construction materials

Limited availability of raw materials, depletion of natural fuel resources, and rising cement demand and environmental concerns are acting as challenges for the cement industry. This is boosting demand for alternative fuels from renewable energy resources and supporting recycling of waste materials. It is estimated that for the production of every ton of OPC, an equal amount of carbon dioxide gets released into the atmosphere. The energy requirement during the production of OPC can be reduced with cement manufactured from locally available minerals and industrial wastes. These can be blended with OPC either as a substitute or can be fully replaced with novel clinkers. Green cement minimizes carbon footprint of cement production by 40%. The emission of carbon dioxide with the help of green cement can be limited to 30% or even less in comparison to the conventional methods. Moreover, the need for freshwater in RMC can be minimized by around 50% with the help of green cement. Increasing initiatives regarding the construction of green buildings and demand for sustainable cements for green building construction are expected to increase the utilization of green cement. Green cement is resistant to temperature changes and can therefore reduce the costs involved in cooling and heating.


High investment required for the production of green cement

High investment required for the production of green cement is expected to adversely affect the market growth. The risk associated with investment in an innovative product or production technology is preventing manufacturers as well as consumers from investing in green cement. Set-up and production costs for green cement is relatively higher than that for production of OPC. Moreover, lack of awareness regarding the product in the construction sector a number of countries and among many consumers is also adversely affecting demand. Since the product is at an early stage of development, many companies are increasingly investing in research and development activities to produce more advanced and effective product, which could further minimize carbon footprint of cement production. Manufacturing companies and investors can adopt green cement manufacturing process with the help of incentives offered by the government.

Key Question Answered

  • What is the current size of the green cement market?
  • What are the key factors influencing the growth of green cement?
  • What is the major end-use industry for green cement?
  • Who are the major key players in the green cement market?
  • Which region will provide more business opportunities for green cement in future?
  • Which segment holds the maximum share of the green cement market?

Browse Trending Reports by Exactitude Consultancy

Rainscreen Cladding Market by Construction (NEW CONSTRUCTION, RENOVATION), Material (Composite Materials, Metal, Fiber Cement, HPL, Others), End-User (Commercial, Residential, Institutional, Industrial), and Region (North AmericaEuropeAsia PacificSouth AmericaMiddle East, and Africa), Global trends and forecast from 2023 to 2029

Ready Mix Concrete Market by Type (Transit Mix Concrete, Central Mix Concrete, and Shrink Mix Concrete), Application (Commercial & Infrastructure, Residential, and Industrial) and Region, Global trends and forecast from 2023 to 2029


Decorative Concrete Market by Type (Stamped Concrete, Stained Concrete, Coloured Concrete, Polished Concrete, Epoxy Concrete, Concrete Overlays), Application (Walls, Floors, Patios), End-use (Residential, Non-residential), and Region (North AmericaEuropeAsia-PacificMiddle-East and Africa, and South America), Global trends and forecast from 2023 to 2029

Road Marking Materials Market by Type (Performance-based Markings & Paint-based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, and Anti-skid Marking) and Region (APAC, North AmericaEurope, MEA and South America) – Global Forecast 2023-2029

Artificial Intelligence

Fleet Management Market Advances with AI-Driven Route Optimization and Maintenance Solutions, Finds Maximize Market Research




PUNE, India, July 19, 2024 /PRNewswire/ — Fleet Management Market size was valued at US$ 12.69 Bn. in 2023 and the total revenue is expected to grow at 20.07% through 2024 to 2030, Fleet Management Market is reaching nearly US$ 45.66 Bn. by 2030.

Reports on competitive analyses encompass company overviews, financial performances, product portfolios, and strategies of key players in the Fleet Management Market. To assess strengths and weaknesses, a comprehensive SWOT analysis was conducted, while a PESTLE analysis was carried out to understand the impact of macroeconomic factors on the market. Also, the report includes detailed analyses of investments made by market players to enhance their global presence.
The research methodology utilized in analysing the Fleet Management market encompasses a thorough approach that combines primary data which is often collected through surveys, interviews, and focus groups with industry experts and stakeholders such as fleet operators and managers, fleet management service providers, vehicle manufacturers, telematics providers and insurance companies. This allows for firsthand insights into market trends, consumer behaviour, and regulatory challenges and secondary research utilizing reports from government sources, industry publications, and financial statements. Market sizing and forecasting techniques are employed alongside competitive analysis to provide valuable insights into the market landscape. It also includes trade balance, market entry strategies, costs in different region, technology adoption, regulatory framework, compliance requirements and customer demographics which makes it an investor’s guide. The report encompasses component, deployment type, fleet type segments and their analysis, which elucidates their influence on the market. The estimation methodology often adopts a bottom-up approach to accurately determine market sizes. 
Get your Sample PDF: 
Global Fleet Management Market 2023-2030: Key Highlights
Market Size in 2023:
USD 12.69 Bn
Market Size in 2030:
USD 45.66 Bn
20.07 %
Forecast Period:
Base Year:
Number of Pages:
No. of Tables:
No. of Charts and Figures:
Regional Scope: 
North America, Europe, Asia Pacific, and Africa, South America
Report Coverage: 
Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Historic Market Size 2017-2023CAGR of the market during 2024-2030Detailed information on factors that will assist Fleet Management market growth during the next seven yearsAn estimation of the Fleet Management market size and the impact of the country’s GDP on Fleet Management marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the Fleet Management marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of Fleet Management companies.Competitive Landscape
The Fleet Management Market includes the presence of several global as well as regional key players. A few prominent players that offer Fleet Management in the market are Donlen Corporation. Geotab, Inseego Corp, Automotive Rentals Inc., Omnitracs, TeletracNavman, Trimble Verizon Connect, Wheels, Inc., Mix Telematics and others.
What’s New: Recent Additions and Updates
Expansion into Southeast Asia, South America, and Africa.Localization efforts for new markets.Technological AdvancementsNew Streaming Partnerships and PlatformsInnovative Marketing StrategiesFinancial Performance and InvestmentConsumer Behaviour and TrendsRegulatory Changes and ChallengesFor more details on the information, Request a sample report 
Market Overview
In the modern business landscape, every industry strives to maximize output while minimizing costs. For companies with large fleets, fleet management costs make up a significant portion of their operating costs. Fleet systems play a critical role in optimizing routes, ensuring vehicle safety, improving driver safety, and increasing profitability by improving vehicle performance and life. These programs will provide fleet owners with valuable insight into fleet performance, enabling them to identify areas for improvement, such as specific drivers or cost-reduction units. Effective fleet management helps in right-sizing fleet cars, maintaining vehicles, reducing overhead expenses, lowering fuel costs, minimizing distance traveled, and modifying driver behavior, all of which contribute to increased operational efficiency.
Urbanization has increased the use of ridesharing and car-sharing systems, facilitating the transition to carpooling. MaaS focuses on providing tailored solutions for logistics solutions tailored to individual needs, significantly affecting the shipping industry. As the number of privately owned vehicles is expected to decline, fleet management service providers will need to change their operations, offer new and improved services, and possibly prune obsolete ones. This shift to shared transport presents new revenue opportunities for the fleet management market.
The implementation of hyper-pooling in fleet management has transformative potential. This new option allows up to 14 passengers to share a car, significantly increasing ridership and reducing the cost per passenger. Through resource efficiency, over-assembly increases operational efficiency and cost savings for fleet operators. This approach also supports sustainability goals by reducing the number of vehicles on the road, thereby reducing traffic congestion and carbon emissions. The potential for over-integration is noteworthy, as it benefits passengers even at higher demand levels, showing its potential in urban areas. This approach not only improves the financial efficiency of service providers but also contributes to environmental goals, making it an important development in the future of fleet management.
In 2024, fleet management is set to undergo transformative changes driven by advancements in technology and evolving industry needs. The integration of OEM and aftermarket telematics allows fleets to aggregate data from multiple sources for a unified view of vehicle performance. These changes are accompanied by a focus on increasing driver safety and satisfaction through AI, Advanced Driver Assistance Systems (ADAS), and video telematics that prioritize well-being over aggressive surveillance. In addition, the increasing adoption of electric vehicles (EVs) is being supported by fleet management systems designed to optimize battery health and battery management. AI is revolutionizing day-to-day operations by streamlining route planning and maintenance, providing significant benefits for fleets that embrace these innovations.
In conclusion, the demand for fleet management is constantly increasing worldwide, driven by the need for efficient vehicle tracking, maintenance, and optimization. Businesses with fleets of vehicles, such as logistics and transportation companies, are adopting fleet management solutions to reduce operating costs, improve driver safety, and enhance customer service. This comprehensive perspective provides stakeholders with valuable information to navigate opportunities and challenges and ensures strategic decisions for sustainable growth in the global Fleet Management market.
For a detailed analysis of regions and their contributions Request For Free Sample Report: 
Segment Overview
MMR has segmented the market based on
By Component
SolutionServiceBy Deployment Type
On-premisesCloudBy Fleet type
Commercial fleetsPassenger carsBased on Fleet type, the market is sub-segmented into Commercial fleets and Passenger cars. The demand for passenger cars is likely to be larger. Vehicles with a seating capacity of up to six people, excluding the driver, are referred to as passenger automobiles. Passenger automobiles are further divided into the following divisions based on agreed-upon sub-categories: micro cars, compact cars, midsize cars, executive cars, premium cars, and luxury cars. It’s easier and more cost-effective than ever to lease a small fleet of cars, minivans, or pickup trucks. For keeping the cars well maintained, the linked services include supply chain management, maintenance, licensing and compliance, fuel management, and accident claims. The Fleet Management Solution aids in the organization, management, and coordination of fleets.
Detailed segmentation values for each segment and explanations for growth are provided in the final report. 
Geography Overview
In Fleet Management North America region leading the market. The US government is actively evaluating telematics’ ability to minimize accident costs, which is pushing the demand for fleet management services. Ford, GM, and Fiat Chrysler dominate the fleet market in the United States. To generate profits, OEMs are shifting fleet sales to auctions. If the cost benefits of fleet maintenance and leasing are widely recognized, many new customers may be attracted. Also, dwindling government reserves and fears of a second recession could restrain market expansion.
According to the Environmental Protection Agency, the burning of fossil fuels such as diesel and gasoline for transportation and passengers is the second largest contributor to carbon dioxide emissions and nearly all greenhouse gases and it is the U.S. 31% of carbon dioxide emissions and more than a quarter United States. Excretion of substances from the body. After several initiatives, the US. The Department of Homeland Security has routinely used fleet management solutions to provide data-driven insights for its fleet managers to monitor fleet operations. WEX Inc. has awarded a telematics contract to the Department of Homeland Security (DHS) to provide equipment and services for vehicle telecommunications.
In the final report, past and future numbers and explanations are incorporated seamlessly to provide a comprehensive understanding of the Global Fleet Management market.
Related Reports:
Container Fleet Market size was valued at USD 12.40 Billion in 2023 and the total Container Fleet Revenue is expected to grow at a CAGR of 5.8% from 2024 to 2030, reaching nearly USD 18.40 Billion by 2030.
IoT Fleet Management Market is anticipated to reach US$ 29.42 Bn by 2030 from US$ 7.97 Bn in 2023 at a CAGR of 20.5 % during a forecast period.
Fleet Telematics Market size is expected to reach US$ 70.24 Bn. by 2030, at a CAGR of 13.35% during the forecast period.
Automotive Vehicle Fleet Leasing Market is expected to reach US$ 50.80 Bn by 2030, at a CAGR of 5.88% during the forecast period.
Connected and Autonomous Mobility Vehicles Market size was valued at USD 149.43 Billion in 2023 and is expected to grow at a CAGR of 40.1 % from 2024 to 2030, reaching nearly USD 1583.08 Billion.
Container Fleet Market size was valued at USD 12.40 Billion in 2023 and the total Container Fleet Revenue is expected to grow at a CAGR of 5.8% from 2024 to 2030, reaching nearly USD 18.40 Billion by 2030.
Smart Fleet Management Market size was valued at USD 487.23 Billion in 2023 and the total Smart Fleet Management Market revenue is expected to grow at a CAGR of 8.36% from 2024 to 2030, reaching nearly USD 854.65 Billion.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
Contact Maximize Market Research:3rd Floor, Navale IT Park, Phase 2Pune Banglore Highway, Narhe,Pune, Maharashtra 411041, [email protected] +91 96071 95908, +91 9607365656.Follow Up: Facebook | Twitter | LinkedIn | Instagram

View original content:

Continue Reading

Artificial Intelligence

Intelligent Transportation System Market worth $70.7 billion in 2029 – Exclusive Report by MarketsandMarkets™




CHICAGO, July 19, 2024 /PRNewswire/ — The global intelligent transportation system market is expected to reach USD 70.7 billion in 2029 from USD 50.7 billion in 2024, at a CAGR of 6.9% during the forecast period according to a new report by MarketsandMarkets™. The market’s growth is propelled by growing demand from emerging economies, growing public-private partnerships, and growing demand for mobility services. However, the high upfront costs of implementation restrain the market’s growth.

Download PDF Brochure:
Browse in-depth TOC on “Intelligent Transportation System Market” 150 – Tables60 – Figures210 – Pages
Intelligent Transportation System Market Report Scope:
Report Coverage
Market Revenue in 2024
$ 50.7 billion
Estimated Value by 2029
$ 70.7 billion
Growth Rate
Poised to grow at a CAGR of 6.9%
Market Size Available for
Forecast Period
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Offering, Mode, System and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Complexity of data management and privacy
Key Market Opportunities
Growing demand from emerging economies
Key Market Drivers
Rapid urbanization to fuel the demand for intelligent transportation system
The Roadways segment is expected to dominate in the forecast period.
The roadways are expected to continue holding major shares of passenger and freight transportation. This huge number of vehicles demands advanced management systems to enable the smooth flow of traffic and decongest it. Various governments are investing in smart city initiatives and roadway infrastructure. These investments focus on the roadways as it has a high impact on daily commuting and economic activities.
The commercial vehicle operation segment is anticipated to grow fastest during the forecast period.
The commercial vehicle operation segment is expected to grow fastest in the forecast period, boosted by several factors. Government regulations and mandates of safety, emissions, and operational standards are being deployed and hence drive the adoption of ITS in commercial vehicle operations. The technologies, such as electronic logging devices, fleet management systems, and telematics, ensure compliance with such regulations.
Inquiry Before Buying:
US in the North America region to dominate the intelligent transportation system industry during the forecast period.
The US transport infrastructure is very well developed, with long road networks, highways, and urban transit systems that can support the deployment of advanced ITS technologies. It is home to major technology companies and research institutions developing and implementing advanced ITS solutions. These companies have adopted artificial intelligence, machine learning, IoT, and big data analytics, which are crucial for the success of ITS.
Key players
The intelligent transportation system companies includes significant Tier I and II players like Siemens (Germany), Hitachi Ltd. (Japan), Cubic Corporation (US), Conduent Incorporated (US), Kapsch TrafficCom AG (Austria), Denso Corporation (Japan), Teledyne Technologies Incorporated (US), Indra SIstemas S.A. (Spain), Garmin Ltd. (US), and Tomtom International BV (Netherlands) are some of the key players in the intelligent transportation system market.
Get 10% Free Customization on this Report:
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Electronic Toll Collection Market by Technology (RFID and DSRC), Offering (Hardware and Back Office), Application (Highways and Urban Areas), Type (Transponders/Tag-Based Tolling Systems) and Region – Global Forecast to 2029
Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS- Enabled Transportation Pricing System, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) – Forecast to 2020
Traffic Sensor Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Inductive Loop, Piezoelectric Sensor, Bending Plate, Image Sensor, Infrared Sensor, Radar Sensor, LiDAR Sensor, Magnetic Sensor, Acoustic Sensor, Thermal Sensor), Technology, Application, and Region – Global Forecast to 2026
RFID Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Tags, Readers, Software & Services), Tag Type (Active, Passive), Wafer Size, Frequency (Low Frequency, High Frequency, Ultra-high Frequency), Form Factor, Material, Application and Region – Global Forecast to 2032
Asset Management System Market With Covid-19 Impact by Solution (GPS, RFID, RTLS, Barcode), Asset Type (Electronic Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets, Staff), Industry, Geography – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: Insight: Source:

View original content:—exclusive-report-by-marketsandmarkets-302201582.html

Continue Reading

Artificial Intelligence

Infinix Introduces Groundbreaking 720° SphereTech NFC Technology




Revolutionizing Smartphone NFC Usage for a Smarter, More Convenient Life
SHANGHAI, July 19, 2024 /PRNewswire/ — Infinix, a trendy tech brand crafted for young consumers, introduces its revolutionary 720-degree (720°) SphereTech Near Field Communication (NFC) technology. This groundbreaking advancement aims to transform user experiences by significantly enhancing the versatility and reliability of NFC applications on mobile devices. With its expanded signal coverage and unmatched stability, this innovative technology ensures smooth, seamless performance from any angle, setting a new standard for NFC functionality. 

While current NFC technology enables mobile payments and transit access, it often results in transaction failures and user frustration, particularly in crowded or fast-paced environments where precise alignment is necessary for successful interactions, which can be cumbersome and unreliable.
Infinix’s Industry-Leading 720° SphereTech NFC technology is designed to tackle these limitations by offering a revolutionary improvement, eliminating the need for precise alignment. “Our commitment to innovation and understanding user needs has driven us to create a solution that not only enhances functionality but also provides unparalleled security and convenience for our users. The 720° SphereTech NFC significantly improves the mobile experience in NFC applications, offering seamless, reliable, and secure interactions from multiple angles[1]”, said Li Cao, Senior Manager, NFC Department of Infinix.
This technology comes with three major breakthroughs in spatial layout, signal compatibility, and material type configuration. The enhanced design ensures superior integration, while the improved signal range and strength guarantee optimal performance. Similarly, the use of optimized materials further boosts reliability and efficiency. This proprietary, self-developed patent has increased the card reading area by 200%[2] and doubled the signal range.
Furthermore, Infinix’s 720° SphereTech NFC technology is the first to support reading and tapping cards from three sides of the mobile device, such as the front, top, and back, achieving a 100%[3] signal range improvement compared to the existing 360° NFC technology, which only reads cards from the back. This innovation also allows users to read and tap at different angles, providing unparalleled convenience and functionality.
User Convenience and Security
The Infinix’s 720° SphereTech NFC technology offers transformative benefits with its comprehensive coverage, doubling the range of conventional NFC to ensure stability from any direction and significantly reducing transaction failures. This technology excels in busy public spaces by overcoming angle limitations for smoother and more reliable interactions. Its advanced security features set a new standard with the capability to remotely disable NFC functions on lost or stolen devices. This feature offers users peace of mind, knowing that their personal data and financial information remain protected, even if the physical device is compromised.
A New Standard for NFC Technology
Infinix is set to revolutionize NFC technology by addressing its key limitations and unlocking its full potential. This innovation will create a new generation of mobile services that are more intuitive and effortless for users. Infinix’s 720° SphereTech NFC technology demonstrates the company’s commitment to delivering meaningful innovation and enhancing user experiences.
Stay tuned for more updates as this groundbreaking technology will be available on Infinix’s upcoming devices.
[1] Refers to the technology’s capability to read and tap cards at various angles on the device in normal handheld positions, except from the bottom side.[2] The testing data is derived from controlled laboratory tests and compared against selected models available in the market.[3] Testing data is based on laboratory tests, and actual use may vary.
Media Contacts:
Infinix Global PR – [email protected]
About Infinix:
Founded in 2013, Infinix is a trendy tech brand crafted for young consumers. With a presence in over 70 countries, Infinix delivers cutting-edge technology, stylish design, and outstanding performance. Our product lineup includes smartphones, TWS earbuds, smartwatches, laptops, and smart TVs. In 2023, Infinix was recognized in Kantar and Google’s top 50 Chinese Global Brand Builders Report and ranked sixth in Fast Company’s World’s Most Innovative Companies of 2024 in the Asia-Pacific sector. For more information, please visit:
Photo – – – – – – 

View original content:

Continue Reading