Intelligent Transport System Market Industry Insights On Forecast And Trends

Intelligent Transport System Market will register a CAGR of 9% during 2020-2024. The market’s growth momentum will Accelerate.

Increasing traffic congestion and road accidents | Growing road freight logistics market | Growth in number of smart connected devices will be one of the major factors driving the growth of this market. Additionally, key Intelligent Transport System  Market trends such as the Increasing adoption of cloud computing for fleet management operations | Increase in number of smart cities | Increased use of meta-intelligence concept in transport system will also influence market growth during the forecast period.

Intelligent Transport System Market Size

During the forecast period, the Intelligent Transport System Market size will grow by $ 33.83 bn.

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Intelligent Transport System  Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Intelligent Transport System  Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the System integration and interoperability issues | Data privacy and security concerns | Government regulations and standards will also challenge the growth of the companies.

EFKON GmbH | Hitachi Ltd. | Kapsch TrafficCom AG | Neology Inc. | Q-Free ASA | Robert Bosch GmbH | Roper Technologies Inc. | Siemens AG | Thales Group | TomTom International BV.list

are some of the companies covered in Technavio’s Intelligent Transport System  Market report for 2021-2025.

Intelligent Transport System  Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Intelligent Transport System  Market.

The North America will account for the largest Intelligent Transport System  Market share and during 2021-2025, the region will contribute to 31% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Intelligent Transport System  Market report also analyzes the market by Traffic management | Toll management | Automotive and infotainment telematics | Public transport | Others | North America | Europe | APAC | South America | MEA.