Middle East And Africa Intelligent Roadways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report on the intelligent roadways transport management systems market in the Middle East and Africa states that it is likely to advance with a CAGR of 8.11% in the forecasting duration from 2023 to 2030.
Saudi Arabia, South Africa, the United Arab Emirates, and Rest of Middle East & Africa are scrutinized in the market in this region.
In South Africa, the National Overload Control Strategy by the Department of Transportation is supported by a self-regulatory program called the Road Transport Management System (RTMS). Post implementation, it has already produced exceptional results, thereby driving the market growth in the country.
Countries in the Middle East are extremely determined towards the development of large-scale infrastructure. Transport is the second largest sector for planned projects in the region. In 2019, the Ministry of Transport and Communication in Qatar introduced a smart ticket management project. The smart card-based unified ticketing system eliminates the need for printable tickets in the public transportation network.
Also, in October 2019, Al Khayyat Investments announced an increase of 164% in average deliveries per vehicle, a decrease of 65% in average cost per delivery, and a decrease of 38% in fleet size, after implementing Paragon’s transport planning solution.
In November that year, SeaLead Shipping collaborated with SAP SE to deploy SAP transportation management solutions and SAP S/4HANA for driving effective trade across 18 countries in the Middle East. The successful implementation enabled SeaLead to have real-time visibility of end-customers’ supply chain. Such developments are expected to aid the studied market’s growth in the years to come.
COMPETITIVE OUTLOOK
A few notable players in the intelligent roadways transport management systems market include Blue Yonder, Kuebix LLC, SAP SE, Manhattan Associates Inc, and IBM Corporation.
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