Intelligent Transportation Management System Market Size to Cross $ 27,154.6 Mn | 7.5% CAGR Growth
The Global Intelligent Transportation Management System Market was valued at USD 27,154.6 million in 2021 and estimated CAGR of 7.5% between 2023-32.
NEW YORK CITY, NEW YORK, UNITED STATES, August 22, 2022 /EINPresswire.com/ -- The Global Intelligent Transportation Management System Market Analysis and Size
The Intelligent Transportation Management System Market had valued at USD 27,154.6 million in 2021 and estimated CAGR of 7.5% between 2023-32. The intelligent transportation management system market is growing due to the increasing demand for real-time information, rising need for effective traffic management, and growing concerns over road safety. The market is further driven by government initiatives to reduce traffic congestion and improve road safety.
We are constantly monitoring and evaluating the impact of the pandemic on different industries, keeping in mind the uncertainties surrounding COVID-19. These insights are included in the report as a major market contributor. When estimating the market size and growth trends for all regions and countries based on Impact Assessment of COVID-19 Pandemic [North America, Europe, Asia Pacific, Latin America, Middle East & Africa], Market Revenue by Region, Key Strategies Undertaken by Companies to Tackle COVID-19, Short Term Dynamics and Long Term Dynamics data points.
Numerous opportunities would be created by the adoption and evolution of Intelligent Transportation Management System. The presence of several large-scale companies in Intelligent Transportation Management System sector is favouring the global market growth. Our experts have done extensive research on the Intelligent Transportation Management System market. It includes information about growth of Intelligent Transportation Management System, shares, revenue, past and future opportunities, as well as consideration of potential challenges and opportunities. The report also includes segmentation by product type, application and geographical regions. It also contains information about countries that could be developing in these areas as well as risks.
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This information is published by Market.us in its report titled, [Intelligent Transportation Management System Market 2022 is Booming Worldwide Business Forecast by 2031]. Additionally, it helps to obtain a 360-degree perspective and view of the competitive landscape and SWOT analysis.
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Customization of the market analysis:
- By sub-segment
- By customer-specific demand of additional customization including type, country, and application market analysis
- by potential listing of customers and pricing assessment
- Type-specific competitive analysis
The topmost companies in the Global Intelligent Transportation Management System Market are commonly focused on innovative opportunities associated to the invention and supply. Some of the major market players include
Addco
Agero, Inc.
DENSO CORPORATION
EFKON GmbH
Hitachi, Ltd.
Garmin Ltd.
Thales Group
Xerox Corporation
Other Key Players
Intelligent Transportation Management System Market : Taxonomy
By Type
Advanced Traveler Information System (ATIS)
Advanced Traffic Management System (ATMS)
Advanced Transportation Pricing System (ATPS)
Advanced Public Transportation System (APTS)
Emergency Medical System (EMS)
By Application
Traffic Management
Road Safety and Security
Freight Management
Public Transport
Environment Protection
Automotive Telematics
Parking Management
Road Tolling Systems
Geographical Analysis
The countries covered in the Intelligent Transportation Management System market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC), is the dominant market for Intelligent Transportation Management System due to the high supply and demand for Intelligent Transportation Management System supplies. North America is forecast to grow at a steady pace during the forecast period 2022-2032, due to the growing production expansion.
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REPORT RELATED CUSTOMER FAQ:
1. What is Intelligent Transportation Management System?
2. How big is Intelligent Transportation Management System market?
3. What will be the worth of Intelligent Transportation Management System market in 2032?
4. Who has the biggest market share in Intelligent Transportation Management System?
5. Which function segment is estimated to hold the major share of the Intelligent Transportation Management System market?
6. Which country invented Intelligent Transportation Management System?
7. Who are the major players operating in the global Intelligent Transportation Management System market?
8. What is the value of revenue generated from the Intelligent Transportation Management System across the globe? At what rate is their demand expected to grow for the next 10 years?
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