North America smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the ongoing smart city projects in support with the growing government initiatives through public-private partnership (PPP) model. Moreover, the high adoption of smart connected devices, such as IoT and AI connected devices, is further driving the market growth in the region. The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period.
North America’s smart transportation market is segmented on the basis of countries, the US and Canada. The US held the largest market value, around 90.0%, in the North American smart transportation market due to the presence of the leading market players, such as IBM Corp., Oracle Corp., and Cisco Systems, Inc. Moreover, the huge focus of the government on the improving the deployment of advanced and smart technologies across the city infrastructure will further segment the growth of the market in the US. However, Canada is expected to project a considerable CAGR in the North American smart transportation market during the forecast period.
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North America Smart transportation Market– Segmentation
By Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
By Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
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North America Smart Transportation Market – Segmentation
- United States
- Canada
Company Profiles
- Advantech Co., Ltd.
- ALSTOM Holdings
- Bentley Systems, Inc.
- Cisco Systems, Inc.
- Conduent Business Services, LLC
- Cubic Corp.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Intel Corp.
- Kapsch Group
- Oracle Corp.
- Parsons Corp.
- SAP SE
- Siemens AG
- Stantec Inc.
- Thales Group
- The Descartes Systems Group Inc.
- Toshiba Corp.
- Trimble, Inc.
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