Global Intelligent Roadways Transport Management Systems
Market Growth is Driven by the Expanding E-Commerce Sector
According to Inkwood Research, the Global Intelligent Roadways Transport Management Systems Market is anticipated to grow with a 10.98% CAGR and generate $91.23 billion between the assessment period, 2023-2032.
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This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis with inputs from industry professionals across the value chain.
The Indonesia intelligent roadways transport management systems market generated $0.78 billion in 2022, and is set to project a 12.40% CAGR by the end of the forecast period, 20232030.
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Global Intelligent Roadways Transport Management Systems Market Scenario
The market for intelligent roadways transport management systems is driven by the following factors: the introduction of new technologies in traffic management; the growth of the ecommerce sector; the optimization of many important transportation functions; the ability of intelligent roadways transport management systems to reduce fuel consumption; and the advantages of intelligent roadways transport management systems, which are necessary for urbanization and population growth. Because more people are shopping online and using mobile devices, businesses are pushing the e-commerce paradigm.
Additionally, the number of global digital clients is increasing quickly. The increasing usage of smartphones and the internet, which results in more time spent online and shopping apps, is driving the need for these services. Transportation of goods and services has increased dramatically in recent years and is expected to continue to do so in the future due to the industrial boom of e-commerce. As a result, ITMS in roads will be essential for handling all business requirements and customer service. Vendors are investing more money on enhancing and streamlining their order fulfillment and shipping systems as e-commerce grows.
The Global Intelligent Roadways Transport Management Systems Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Component
• Software
o Video Recording Software
o Smart Traffic Management Analyzer
o Database Management System
o Pollution Analyzer
o Other Software
• Hardware
o Information & Rule Display
o Security & Surveillance Camera
o ONT/OLT Device
o Line Wire
o Automated POS System
o Sensor
o Other Hardware
• Service
o Cloud Management Service
o Support & Maintenance Service
Market by Application
• Fleet Management
• Automated Traffic Control
• Passenger Information Management
• Automated Ticketing
• Automated Parking Assistance
• Other Applications
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Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
• E2OPEN LLC
• SAP SE
• TATA CONSULTANCY SERVICES LIMITED (TCS)
• MERCURYGATE INTERNATIONAL INC
• MANHATTAN ASSOCIATES INC
• BLUE YONDER
• IBM
• KAPSCH TRAFFICCOM AG
• ITERIS INC
• 3T LOGISTICS & TECHNOLOGY GROUP
• 3GTMAS INC
• DENSO CORPORATION
• ORACLE CORPORATION
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