North America Intelligent Roadways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
According to the report by Triton Market Research, the intelligent roadways transport management systems market in North America is likely to develop with a CAGR of 9.95% in the projected period from 2023 to 2030. The United States and Canada are analyzed in the market in this region.
In the United States, 3GTMS collaborated with Gerber Plumbing Fixtures in July 2019, to implement its transportation management system to meet the needs of the latter’s wholesale distribution customers and end-users. This has enabled Gerber to have a single intelligent roadways transport management systems (IRTMS) platform that enables flexible routing and also provides cost-saving opportunities. Such initiatives depict a positive future for the market in the United States.
There are over a million kilometers of (2-lane equivalent) roads in Canada, roughly 38,000 of which are a part of the National Highway System (NHS). Road transportation is the prime passenger & freight transportation mode in the country for intra-city & intercity transportation, intra-provincial transport activities, and trade with the United States.
Canada’s road network is shared by different types of users, including motorcoaches & motorcycles, 15,000 public transit buses, 750,000 medium & heavy trucks, and 20 million light vehicles, in addition to rollerbladers, cyclists, and pedestrians. It is important for the country to manage all the shipments & traffic in cities and on highways. This calls for the use of intelligent roadways transport management systems. These systems are also used in the country to control and verify the shipments imported from the US. As a result, the studied market is expected to witness growth in the forthcoming years.
COMPETITIVE OUTLOOK
Blue Yonder, Tata Consultancy Services (TCS) Ltd, 3T Logistics and Technology Group, Denso Corporation, and Manhattan Associates Inc are some of the noteworthy players in the intelligent roadways transport management systems market.
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