Significant support from governments will escalate North America smart transportation market

North America smart transportation market is projected to grow at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market for smart transportation in North America is projected to grow at a high rate during the forecast period, backed by the public-private partnership (PPP) model engaged by the market players and the companies. There are several organizations/initiatives for the deployment of smart transportation technology. The Intelligent Transportation Society of America (ITS America) is one of the core pillars of the smart transportation development in the region. There are several micro-mobility initiatives in the US that assist transport low-income residents. 

Browse the full report description North America Smart transportation Market Size, Share & Trends Analysis Report by Transportation Mode (Railways, Airways, Roadways, and Maritime) and by Application (Ticketing Management System, Parking Management System, Traffic Management System, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-smart-transportation-market

Likewise, ITS Canada have been put forward by the Government of Canada for the development of smart transportation infrastructure in the country. Canada is investing significantly in the development of smart city infrastructure involving a huge part of smart transportation. Edmonton in Canada is witnessing a huge growth in the deployment of smart city infrastructure, supported by the smart transportation pilot projects driven by the Government of Canada. Therefore, with the support of the government and the significant presence of key market players, such as Intel Corp., IBM Corp., and Oracle Corp., is leading to the rise in the adoption of smart technologies in smart city projects, such as technologies for smart transportation.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment/region

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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