The Latin America, Middle East and Africa Smart Transportation Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
Developments in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) technology, as well as cloud-based technologies, have made smart transportation a reality. These technologies are designed to deliver modern services for various forms of transportation and traffic management. It allows consumers to be more informed and make safer and more efficient use of transportation networks. For example, Cubic Corporation updated its NextBus platform in November 2019, making it a cloud-based solution with better reliability and scalability that provides real-time passenger information systems to over 100 transit agencies, businesses, institutions, and airports. As a result, the rising adoption of cloud services in transportation, as well as the rise in demand for efficient transportation, is important factors in the expansion of smart transportation.
Increased automobile use leads to an increase in parking challenges around the world, which can be mitigated by implementing advanced parking management systems (APMS). APMS makes it easier for people to locate parking spots quickly, which improves the visiting experience. Similarly, smart transportation systems enable municipal managers to better monitor traffic flow and provide the optimum routes for emergency and law enforcement officials, as well as vehicles transporting products, and responding to emergencies.
Because public transportation networks are so vulnerable to disease outbreaks, transit authorities are increasingly relying on data-driven decisions to adjust services and regain rider confidence. Artificial intelligence (AI) and the Internet of Things (IoT) can aid in the balancing of operations by responding to detailed data on ridership peaks and lows. Smart transportation technologies will give consumers specific transportation data like real-time arrival information to avoid waiting at congested stations and the capacity of a train or bus, among other advantages. Transit agencies and communities may improve their services by combining real-time data and mobile fare payments to give more sustainable transportation options and prevent people from reverting to single-car usage. For example, Israel's transportation system is very deficient. It is heavily reliant on inefficient and dispersed public transportation, as well as single-occupancy rides.
The Brazil market dominated the LAMEA Smart Transportation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,324.5 million by 2028. The Argentina market is anticipated to grow at a CAGR of 12.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 11.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Traffic Management System, Parking Management & Guidance System, Ticketing Management System, and Integrated Supervision System) and Services (Business, Professional, and Cloud Services). Based on Transportation Type, the market is segmented into Roadways, Railways, Airways, and Maritime. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Transportation Market is Predict to reach $190.6 Billion by 2028, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Accenture PLC, Cubic Corporation, ALSTOM Holdings, Siemens AG, Thales Group S.A., TomTom N.V., MSR-Traffic GmbH (MSR-Group GmbH), and Iteris, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Traffic Management System
- Parking Management & Guidance System
- Ticketing Management System
- Integrated Supervision System
- Services
- Business
- Professional
- Cloud Services
By Transportation Type
- Roadways
- Railways
- Airways
- Maritime
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Cisco Systems, Inc.
- Accenture PLC
- Cubic Corporation
- ALSTOM Holdings
- Siemens AG
- Thales Group S.A.
- TomTom N.V.
- MSR-Traffic GmbH (MSR-Group GmbH)
- Iteris, Inc.
Related Reports:
Global Smart Transportation Market Report 2022-2028
North America Smart Transportation Market Report 2022-2028
Asia Pacific Smart Transportation Market Report 2022-2028
LAMEA Smart Transportation Market Report 2022-2028
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Transportation Market, by Component
1.4.2 LAMEA Smart Transportation Market, by Transportation Type
1.4.3 LAMEA Smart Transportation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Sep – 2022, Apr) Leading Players
Chapter 4. LAMEA Smart Transportation Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Smart Transportation Market by Solution Type
4.2.1 LAMEA Traffic Management System Market by Country
4.2.2 LAMEA Parking Management & Guidance System Market by Country
4.2.3 LAMEA Ticketing Management System Market by Country
4.2.4 LAMEA Integrated Supervision System Market by Country
4.3 LAMEA Services Market by Country
4.4 LAMEA Smart Transportation Market by Services Type
4.4.1 LAMEA Business Market by Country
4.4.2 LAMEA Professional Market by Country
4.4.3 LAMEA Cloud Services Market by Country
Chapter 5. LAMEA Smart Transportation Market by Transportation Type
5.1 LAMEA Roadways Market by Country
5.2 LAMEA Railways Market by Country
5.3 LAMEA Airways Market by Country
5.4 LAMEA Maritime Market by Country
Chapter 6. LAMEA Smart Transportation Market by Country
6.1 Brazil Smart Transportation Market
6.1.1 Brazil Smart Transportation Market by Component
6.1.1.1 Brazil Smart Transportation Market by Solution Type
6.1.1.2 Brazil Smart Transportation Market by Services Type
6.1.2 Brazil Smart Transportation Market by Transportation Type
6.2 Argentina Smart Transportation Market
6.2.1 Argentina Smart Transportation Market by Component
6.2.1.1 Argentina Smart Transportation Market by Solution Type
6.2.1.2 Argentina Smart Transportation Market by Services Type
6.2.2 Argentina Smart Transportation Market by Transportation Type
6.3 UAE Smart Transportation Market
6.3.1 UAE Smart Transportation Market by Component
6.3.1.1 UAE Smart Transportation Market by Solution Type
6.3.1.2 UAE Smart Transportation Market by Services Type
6.3.2 UAE Smart Transportation Market by Transportation Type
6.4 Saudi Arabia Smart Transportation Market
6.4.1 Saudi Arabia Smart Transportation Market by Component
6.4.1.1 Saudi Arabia Smart Transportation Market by Solution Type
6.4.1.2 Saudi Arabia Smart Transportation Market by Services Type
6.4.2 Saudi Arabia Smart Transportation Market by Transportation Type
6.5 South Africa Smart Transportation Market
6.5.1 South Africa Smart Transportation Market by Component
6.5.1.1 South Africa Smart Transportation Market by Solution Type
6.5.1.2 South Africa Smart Transportation Market by Services Type
6.5.2 South Africa Smart Transportation Market by Transportation Type
6.6 Nigeria Smart Transportation Market
6.6.1 Nigeria Smart Transportation Market by Component
6.6.1.1 Nigeria Smart Transportation Market by Solution Type
6.6.1.2 Nigeria Smart Transportation Market by Services Type
6.6.2 Nigeria Smart Transportation Market by Transportation Type
6.7 Rest of LAMEA Smart Transportation Market
6.7.1 Rest of LAMEA Smart Transportation Market by Component
6.7.1.1 Rest of LAMEA Smart Transportation Market by Solution Type
6.7.1.2 Rest of LAMEA Smart Transportation Market by Services Type
6.7.2 Rest of LAMEA Smart Transportation Market by Transportation Type
Chapter 7. Company Profiles
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.2 Cisco Systems, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations and Agreements:
7.3 Accenture PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 Cubic Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research and Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 ALSTOM Holdings
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisition and Mergers:
7.6 Siemens AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 TomTom N.V.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.6 SWOT Analysis
7.9 MSR-Traffic GmbH (MSR-Group GmbH)
7.9.1 Company Overview
7.10. Iteris, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.5.2 Product Launches and Product Expansions:
7.10.5.3 Acquisition and Mergers:
TABLE 1 LAMEA Smart Transportation Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Smart Transportation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Smart Transportation Market
TABLE 4 Product Launches And Product Expansions – Smart Transportation Market
TABLE 5 Acquisition and Mergers – Smart Transportation Market
TABLE 6 LAMEA Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 7 LAMEA Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 8 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 11 LAMEA Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 12 LAMEA Traffic Management System Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Traffic Management System Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Parking Management & Guidance System Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Parking Management & Guidance System Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Ticketing Management System Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Ticketing Management System Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Integrated Supervision System Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Integrated Supervision System Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 23 LAMEA Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 24 LAMEA Business Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Business Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Professional Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Professional Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Cloud Services Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Cloud Services Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 31 LAMEA Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 32 LAMEA Roadways Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Roadways Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Railways Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Railways Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Airways Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA Airways Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA Maritime Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Maritime Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Smart Transportation Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA Smart Transportation Market by Country, 2022 - 2028, USD Million
TABLE 42 Brazil Smart Transportation Market, 2018 - 2021, USD Million
TABLE 43 Brazil Smart Transportation Market, 2022 - 2028, USD Million
TABLE 44 Brazil Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 45 Brazil Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 46 Brazil Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 47 Brazil Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 48 Brazil Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 49 Brazil Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 50 Brazil Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 51 Brazil Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 52 Argentina Smart Transportation Market, 2018 - 2021, USD Million
TABLE 53 Argentina Smart Transportation Market, 2022 - 2028, USD Million
TABLE 54 Argentina Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 55 Argentina Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 56 Argentina Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 57 Argentina Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 58 Argentina Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 59 Argentina Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 60 Argentina Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 61 Argentina Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 62 UAE Smart Transportation Market, 2018 - 2021, USD Million
TABLE 63 UAE Smart Transportation Market, 2022 - 2028, USD Million
TABLE 64 UAE Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 65 UAE Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 66 UAE Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 67 UAE Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 68 UAE Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 69 UAE Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 70 UAE Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 71 UAE Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 72 Saudi Arabia Smart Transportation Market, 2018 - 2021, USD Million
TABLE 73 Saudi Arabia Smart Transportation Market, 2022 - 2028, USD Million
TABLE 74 Saudi Arabia Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 75 Saudi Arabia Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 76 Saudi Arabia Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 77 Saudi Arabia Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 78 Saudi Arabia Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 79 Saudi Arabia Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 80 Saudi Arabia Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 81 Saudi Arabia Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 82 South Africa Smart Transportation Market, 2018 - 2021, USD Million
TABLE 83 South Africa Smart Transportation Market, 2022 - 2028, USD Million
TABLE 84 South Africa Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 85 South Africa Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 86 South Africa Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 87 South Africa Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 88 South Africa Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 89 South Africa Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 90 South Africa Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 91 South Africa Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 92 Nigeria Smart Transportation Market, 2018 - 2021, USD Million
TABLE 93 Nigeria Smart Transportation Market, 2022 - 2028, USD Million
TABLE 94 Nigeria Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 95 Nigeria Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 96 Nigeria Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 97 Nigeria Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 98 Nigeria Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 99 Nigeria Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 100 Nigeria Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 101 Nigeria Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 102 Rest of LAMEA Smart Transportation Market, 2018 - 2021, USD Million
TABLE 103 Rest of LAMEA Smart Transportation Market, 2022 - 2028, USD Million
TABLE 104 Rest of LAMEA Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of LAMEA Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of LAMEA Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 107 Rest of LAMEA Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 108 Rest of LAMEA Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 109 Rest of LAMEA Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 110 Rest of LAMEA Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 111 Rest of LAMEA Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 112 Key information – IBM Corporation
TABLE 113 Key Information – Cisco Systems, Inc.
TABLE 114 Key information – Accenture PLC
TABLE 115 Key Information – Cubic Corporation
TABLE 116 Key Information – ALSTOM Holdings
TABLE 117 Key Information – Siemens AG
TABLE 118 key information – Thales Group S.A.
TABLE 119 Key information – TomTom N.V.
TABLE 120 Key Information – MSR-Traffic GmbH
TABLE 121 Key Information – ITERIS, INC.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Sep – 2022, Apr) Leading Players
FIG 5 Swot analysis: Accenture plc
FIG 6 Recent strategies and developments: Cubic Corporation
FIG 7 Recent strategies and developments: ALSTOM Holdings
FIG 8 Recent strategies and developments: Siemens AG
FIG 9 Swot analysis: Siemens AG
FIG 10 Recent strategies and developments: Thales Group S.A.
FIG 11 SWOT Analysis: TomTom N.V.
FIG 12 Recent strategies and developments: Iteris, Inc.