NORTH AMERICA SMART TRANSPORTATION MARKET FORECAST 2018-2026

NORTH AMERICA SMART TRANSPORTATION MARKET FORECAST 2018-2026

  • April 2018 •
  • 94 pages •
  • Report ID: 5147428 •
  • Format: PDF
KEY FINDINGS
The revenue generated by the North America Smart Transportation market is expected to increase from $xx billion in 2017 and reach $xx billion by the end of forecast period of 2018-2026, at a CAGR of 21.88%. The Canada smart transportation market is anticipated to register the highest CAGR in this region by the end of the forecast period.

MARKET INSIGHTS
The market is segmented on the basis of solutions and services.The smart transportation services dominate the solutions segment and are predicted to continue their dominance throughout the forecast period.

The market is being presented with opportunities in the form of increasing number of smart city projects, the emergence of smart parking systems, the recent advancements in technology and the introduction and evolution of smart vehicles in the region. However, the absence of interoperability and standardization, various regulations and protocol set by the governments and high capital requirement are some of the factors which might restrict the market growth over the years.

COMPETITIVE INSIGHTS
Orange Business Services, Swarco Ag, Q-Free Asa, Amano Corporation, Alstom SA, T2 Systems Inc, Xerox Corporation, Siemens Ag, Accenture Plc, Cisco Systems, Gemalto NV, On Track Innovations (OTI) Ltd, and International Business Machines Corporation (IBM) are few of well-known companies in this market.