North America Smart Transportation Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Transport is the movement of an individual or goods starting with one point then to the next point by different transportation vehicles like auto, bike, bicycle, rail, and others. The term is usually taken from Latin trans means “across”, and port signifies “to carry”. Smart transportation is next generation transportation strategy that gives intelligent transport management services.
North America Smart Transportation Market Segments Size & Growth:
North America Smart Transportation Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in urban population, government initiatives, the emergence of green fuels, and smart technologies. Though, Increase in capital expenditure hamper the growth of the North America smart transportation market.
North America Smart Transportation Market Segments Share:
North America smart transportation market is categorised into by transportation mode which consists of railways and roadways. Both rail and roadways are expected to grow at a quick pace due to increase in population. By market type, it is classified by cooperative vehicle systems, advanced transportation
North America Smart Transportation Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
pricing system, advanced transportation management system, advanced public transportation system, advanced traveller information system, and advanced parking management system. Advanced parking management system is the leading market due to increase in vehicles. By the solution, it is segmented as parking management solution, smart ticketing management solution, traffic supervision solution, and passenger information solution. Smart ticketing management empowers the vehicle organisations to give better administration to their clients and reduce fund leakage and have a fair charge. Deployment and integration service is projected to have the highest growth due to the demand for upgrading the transportation facilities. Traffic management and automotive telematics are expected to have high growth owing to the rise in the number of automobiles and advancements in technology, especially in automotive industry.
By Geography, U.S. is dominating the growth of the North America smart transportation market and the growth in North America is mainly attributed because of the technological advancements in the automotive and rapid usage of smart devices. Furthermore, Mexico is witnessing the fastest growth during the forecast period, due to the rise in adoption of smart devices,
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North America Smart Transportation Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
increase in vehicles and investments in digitalisation of transport infrastructures.
North America Smart Transportation Market Segments Trends:
- In January 2017, Parkopedia partnered along with Volkswagen had launched a new product “HAD Parking Maps” to provide clients more detailed data on parking spaces.
- In May 2017, Parkmobile expands partnership with BMW to incorporate infotainment systems to new BMW cars to enable car’s GPS with nearby Parkmobile locations.
North America Smart Transportation Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Oracle Corporation
- Cisco Systems Inc.
- IBM Corporation
- Intel Corporation
- Parkmobile
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