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.
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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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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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)
North America Smart Transportation Market – Segmentation
- United States
- Canada
The Report covers:
- Comprehensive research methodology of the North America smart transportation market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North America smart transportation market.
- Insights about market determinants which are stimulating the North America market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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