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Transparency Market Research recently published a report on the intelligent transportation system (ITS) market. The report covers the regional and technological trends that are impacting the dynamics of the intelligent transportation system market. It provides a comprehensive analysis of the intelligent transportation system industry in terms of market size and CAGR for the forecast period of 2019 to 2027.
TMR’s study on the ITS market divulges key insights on the new developments and current trends in the market. The information presented in the report helps stakeholders devise long-term strategies for their business and identify key growth opportunities. The study arms new entrants with the ability to take strategic business-related decisions to expand their revenue share in the global intelligent transportation system market.
Through this report on the intelligent transportation system market, industry enthusiasts can obtain actionable insights regarding the factors contributing to the rise in the adoption of intelligent transportation systems. The report analyzes the changes in the business models and consumer behavior, to help key enterprises gauge the growth prospects in the intelligent transportation system market.
Key Questions Answered in the Intelligent Transportation System Market Report
The study provides insightful information on the intelligent transportation system market based on numerous microeconomic and macroeconomic factors. It analyzes the nodes and internodes of the market, and answers salient questions for key companies functioning in the intelligent transportation system market.
Some of these questions include:
- What are the key business strategies being adopted by new entrants in the intelligent transportation system market?
- How have technological advancements shaped the growth of the ITS market?
- How are market big shots monetizing the current trends in the intelligent transportation system market?
- Which application type in the intelligent transportation system market recorded the highest sales in 2018?
- Which region is expected to present lucrative growth opportunities for established players in the ITS market?
Intelligent Transportation System Market Report: Research Methodology
TMR’s analysts have opted for the bottom-up approach to assess the market numbers for each product category in the ITS market. Current and historical trends have been analyzed to forecast the data. Exhaustive primary and secondary research has been conducted to understand the dynamics and prominent trends in the intelligent transportation system market.
For primary research, TMR analysts have conducted one-to-one interviews with market stakeholders, industry leaders, CEOs, brand managers, and leading manufacturers. On the other hand, for secondary research, the analysts relied on annual reports, company websites, investor presentations, SEC filings, news articles, press releases, and statistical databases.
With the help of industry-verified data that has been gathered through numerous primary and secondary sources, TMR’s study offers actionable insights on the current and future prospects of the ITS market. Factors such as yearly changes in inflation rates and historical trends were considered while forecasting the market numbers. Country-specific market penetration is determined based on increasing smart cities and transportation as a service.