Latin America Smart Transportation Market - Major Technology Giants, Growing Popularity & Market Opp
- digital geeks
- Oct 4, 2022
- 2 min read
Latin America Smart Transportation Market is displaying a CAGR of 10.4% in the forecast period of 2022 to 2029.
Latin America Smart Transportation Market Scope and Size
The Latin America Smart Transportation Market is segmented on the basis of solution, service, transportation and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of solution, the market is segmented into passenger information solution, traffic management solution, parking management solution, smart ticketing solution, insurance telematics solution and integrated supervision solution. The passenger information solution is sub-segmented into network connectivity and multimedia information & entertainment. The traffic management solution is sub-segmented into route guidance, toll collection & revenue management, smart signaling and predictive traffic analytics. The parking management solution is sub-segmented into ticketing and revenue management, access control, automated parking guidance and slot management.
On the basis of service, the market is segmented into professional services and cloud services.
On the basis of transportation, the market is segmented into roadways, railways, waterways and airways.
On the basis of applications, the market is segmented into mobility as a service, route information and route guidance, public transport, transit hubs, connected cars, video management, others.
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Market Analysis and Insights - Latin America Smart Transportation Market
North America dominates the Latin America Smart Transportation Market due to the increase in the government investments in transport infrastructure. Furthermore, the growing development is higher in several countries than others which will further boost the growth of the Latin America Smart Transportation Market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the Latin America Smart Transportation Market due to the early adoption of several new technologies. Moreover, the growing traffic congestion in major cities is further anticipated to propel the growth of the Latin America Smart Transportation Market in the region in the coming years.
Key Players Latin America Smart Transportation Market
Some of the major players operating in the Latin America Smart Transportation Market are:
Kapsch Traffic Com (Austria)
Gemalto NV (Netherlands)
Thales Group (France)
Alstom (France)
MSR-Traffic GmbH (Germany)
Cubic Corporation (U.S.)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Latin America Smart Transportation Market by Product & Procedure type.
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