The Global Intelligent Transport System (Its) Market is expected to grow by USD 32.47 bn during 2020-2024, progressing at a CAGR of 10% during the forecast period

Global intelligent transport system (ITS) market

NEW YORK, March 30, 2020 /PRNewswire/ -- The analyst has been monitoring the global intelligent transport system (ITS) market and it is poised to grow by USD 32.47 bn during 2020-2024, progressing at a CAGR of 10% during the forecast period. Our reports on global intelligent transport system (ITS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p04988830/?utm_source=PRN

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing traffic congestion and road accidents. In addition, growing road freight logistics market is anticipated to boost the growth of the global intelligent transport system (ITS) market as well.

Market Segmentation
The global intelligent transport system (ITS) market is segmented as below:
Application:
? Traffic Management
? Toll Management
? Automotive and Infotainment Telematics
? Public Transport
? Others

Geographic Segmentation:
? North America
? APAC
? Europe
? South America
? MEA

Key Trends for global intelligent transport system (ITS) market growth
This study identifies growing road freight logistics market as the prime reasons driving the global intelligent transport system (ITS) market growth during the next few years.

Prominent vendors in global intelligent transport system (ITS) market
We provide a detailed analysis of around 25 vendors operating in the global intelligent transport system (ITS) market , including some of the vendors such as 3M Co., Hitachi Ltd., International Business Machines Corp., Kapsch TrafficCom AG, Neology Inc., Q-Free ASA, Roper Technologies Inc., Siemens AG, Thales Group and TomTom International BV .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Read the full report: https://www.reportlinker.com/p04988830/?utm_source=PRN

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