INTELLIGENT TRANSPORTATION SYSTEMS MARKET ANALYSIS

Regional Analysis

Global Intelligent Transportation Systems Market: Regional Insights

North America is anticipated to dominate the global intelligence transportation systems market over the forecast period. The growth of this region is attributed to presence of major market players, technological developments, and early adoption of latest and advanced technologies such as cloud computing, big data, and machine learning in the region. This is for managing the public transportation system and growing traffic in the region.

Furthermore, Asia Pacific is also expected to account for major share in the global intelligent transportation systems market over the forecast period. This is owing to rise in demand for advanced technology, and constant expansion of transportation networks in the region. The demand for intelligent transportation system is increasing in the region with growing economic benefits stemming from implementation of this system in countries such as Japan, India, and China. Thus, the region is likely to show significant growth in the market over the forecast future.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa