Market Research Report
Latin America Public Transportation Initiatives within Smart City Programs
|Published by||IDC||Product code||895104|
|Published||Content info||16 Pages
Delivery time: 1-2 business days
|Latin America Public Transportation Initiatives within Smart City Programs|
|Published: July 24, 2019||Content info: 16 Pages||
This market perspective aims to provide a summary of the most important public transportation trends in the context of smart cities in Latin America, using an analysis of primary and secondary information sources.This analysis includes definitions and a description of intelligent transportation use cases that IDC includes in its analysis, how technology is being implemented to produce outcomes and a future outlook.Finally, this document provides an analysis of a few examples in Latin America, ending in key recommendations for vendors and service providers."Latin America's intelligent transportation market will grow from $281 million in 2019 to over $972 million by 2022 with a compound annual growth rate (CAGR) of 36%. The market will triple in 4 years with stable growth rates throughout the forecast period as solutions start to evolve and gain traction." says Diego Anesini, Research Director, Latin America. "Considering the impact of a rapidly growing urban population in Latin America, it makes sense to see that intelligent transportation is among the top strategic priorities in terms of technology spending in the region".