Global Intelligent Transport System (ITS) Market to witness $ 33.83 Billion growth during 2021-2025 | Technavio
NEW YORK, June 7, 2021 /PRNewswire/ -- The intelligent transport system (ITS) market is poised to grow by $ 33.83 bn during 2021-2025, progressing at a CAGR of almost 10% during the forecast period. The report on the intelligent transport system (ITS) market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
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The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by increasing traffic congestion and road accidents.
The intelligent transport system (ITS) market analysis includes the application segment and geographic landscape. This study identifies the increasing adoption of cloud computing for fleet management operations as one of the prime reasons driving the intelligent transport system (ITS) market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The intelligent transport system (ITS) market covers the following areas:
Intelligent Transport System (ITS) Market Sizing
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Five Forces Analysis
Market Segmentation by Application
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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