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Smart Transportation Market to Reach $484.5 Billion by 2029, Growing at 21.7% CAGR

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“Comprehensive Report Highlights Latest Advances, Market Dynamics, and Practical Applications in Smart Transportation for Urban and Industrial Use”

BOSTON, April 2, 2025 /PRNewswire/ — According to the latest study from BCC Research, “Smart Transportation: Technologies and Markets” is expected to grow from $181.7 billion in 2024 to $484.5 billion by the end of 2029 at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.

The smart transportation market focuses on technology offerings across roadways, airways, railways, and maritime systems. It highlights solutions such as traffic management, vehicle telematics, smart ticketing, and port operations management. The report covers services such as consulting, deployment, integration, and maintenance, which are crucial for implementing these technologies. It also analyzes the market regions of North America, Europe, Asia-Pacific, and the Rest of the World.

The smart transportation market is undergoing significant advances, with innovations enhancing its applications across multiple sectors. With a growing emphasis on sustainable urban mobility and the need for customized, scalable solutions, stakeholders must stay informed on developments in smart transportation to capitalize on emerging opportunities and stay competitive in an evolving landscape.

The factors driving the market include:

Cost Efficiency: Smart transportation reduces fuel consumption and operational costs through technologies such as intelligent traffic management and optimized routing.

Urbanization Challenges: As cities grow, smart solutions such as integrated public transit and smart parking help manage congestion and pollution, making urban mobility more efficient.

Safety and Security: Advanced systems such as ADAS and automated emergency response enhance safety for passengers and pedestrians, preventing accidents and ensuring secure transit environments.

Request a sample copy of the global smart transportation market report.

Report Synopsis 

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$152.6 billion

Market size forecast

$484.5 billion

Growth rate

CAGR of 21.7% from 2024 to 2029

Segments covered

Transportation mode, roadway offerings, airway
offerings, railway offerings, maritime offerings

Regions covered

North America, Europe, Asia-Pacific, and the Rest of
World (Latin America, Middle East and Africa)

Market drivers

•         Growing need for cost efficiency in transportation.

•         Urbanization and transportation challenges in
expanding cities.

•         Increased focus on safety and security.

Interesting facts:

Smart transportation is changing public transit with Mobility-as-a-Service (MaaS) models. These models combine ride-sharing, public transit, and other travel options for a smoother experience. For example, the city of Madrid uses MaaS to connect public and private transport, making city travel easier.5G networks are essential for real-time data in smart transportation, especially for connected and autonomous vehicles (CAVs). Areas with strong 5G networks, such as Asia-Pacific and parts of Europe, are seeing better traffic solutions. 5G also handles the vast amount of data from IoT devices and smart city systems.Roadway transportation accounts for over 40% of the market due to the need for integrated traffic management, advanced ticketing, smart parking, and real-time data analytics.

Emerging startups

OptibusSuperpedestrianBestmile

The report addresses the following questions:

What is the projected market size and growth rate?The market is projected to reach $484.5 billion by the end of 2029, growing at a CAGR of 21.7%.Which segments are covered in the report?Transportation mode, roadway offerings, airway offerings, railway offerings and maritime offerings.Which roadway offering will be dominant in the market in 2029?The solutions segment is expected to be dominant in the market in 2029.Which region has the largest share of the market?Europe holds the largest share of the global market.

Market leaders include:

AARAV SOLUTIONSADVANTECH CO. LTD.ALLIED TELESIS HOLDINGSALSTOM SAATOS SEAXIOMTEK CO. LTD.CISCO SYSTEMS INC.CONDUENT INC.HEXAGON ABHITACHI LTD.HUAWEI TECHNOLOGIES CO. LTD.IBM CORP.IEI INTEGRATION CORP.INTEL CORP.NEC CORP.SAP SESIEMENSTHALES

Related reports include:

Global IoT Testing Services Market: The report covers market trends, challenges, and companies. analyzing revenue by service type, testing type, end-user industry, and region (North America, Europe, Asia-Pacific, and RoW). The report also explores patent activity, emerging technologies, and ESG developments, offering insights into the competitive landscape and the strategies of leading companies.

Industrial IoT (IIoT): Global Markets: The report analyzes offerings (hardware, solutions and platforms, services), connectivity (wired and wireless), deployment (on-premise and cloud), organization size (SMEs and large enterprises), and industry verticals (manufacturing, energy and utilities, healthcare, etc.). It also examines regional markets (North America, Europe, Asia-Pacific, RoW), regulations, government programs, and technical issues. It includes market size data for software, platforms, solutions, services, and hardware, taking into consideration manufacturers’ and consumers’ perspectives.

Purchase a copy of the report direct from BCC Research.

For further information on any of these reports or to purchase one, please contact info@bccresearch.com.

About BCC Research

BCC Research market research reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions free of noise and hype.

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Phone: +1 781-489-7301

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Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Technology

FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

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SOURCE BlueFolder

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