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

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.