LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET 2023-2030

Automotive & Transportation | Automotive Components

LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET 2023-2030

Market by Component, Application, and Country Outlook | Forecast 2023-2030

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As per Triton’s research report, the intelligent roadways transportation management systems market in Latin America would grow with a CAGR of 8.77% in the forecast years between 2023 and 2030.



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The countries included in this region are:

•         Brazil

•         Mexico

•         Rest of Latin America

Brazil accounts for the highest share in the intelligent roadways transportation management systems market in the region. Splice Group, a leading name in the traffic management industry, operates 1,700 cameras to monitor traffic and ensure law adherence across more than 10 large cities in Brazil. The cameras detect vehicles and collect data such as time, date, vehicle type, speed, license plate, etc. The implementation of such measures indicates a positive outlook for the intelligent roadways transportation management systems (IRTMS) market in the country.

The future of road transport seems bright in Latin America, as there are numerous opportunities for IRTMS providers to introduce their offerings in the market. In addition, rapid infrastructure development, significant increase in road traffic, and technological advancements are estimated to drive the growth of the IRTMS market. With the growing traffic, there is a rising need for smart traffic management. In this regard, IRTMS hardware components, such as sensors and information display systems, are highly beneficial.

Moreover, globalization and trading ties with other nations also provide opportunities for the growth of the studied market. For instance, Brazil, Mexico, Colombia, and Chile have largely invested in logistics solutions due to trade agreements signed with other nations. This has contributed largely to increasing the efficiency of supply chains in these countries, and thereby provided a greater opportunity for the IRTMS market in Latin America.

Smart traffic management analysis software is used for analyzing fast-moving traffic, identifying vehicles that violate traffic rules, and detecting accidents. This software aids drivers in making real-time decisions regarding finding faster or more reliable routes. It also gathers real-time information about traffic type, volume, flow, and vehicular speed.

Triton’s report assesses the market according to component and application. Here, the component segment comprises software, hardware, and service. Software is further sectioned into smart traffic management analysis software, video recording software, database management system software, pollution analysis software, and other software components.

The distinguished players in the intelligent roadways transportation management systems market include Kuebix LLC, Oracle Corporation, IBM Corporation, Manhattan Associates Inc, and Blue Yonder.

Denso Corporation is a renowned automotive supplier known for its advanced technology, systems, and components. The company has a long-term strategy to promote the electrification of a wide range of mobile solutions for its end-users in the automated driving and connected car markets. Denso’s IRTMS offerings include features such as vehicle dynamic control systems, driving environment recognition systems, collision safety systems, cockpit information systems, visibility support systems, information security systems, etc. The company has 7 subsidiaries in South America, with a technical center in Brazil.

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the intelligent roadways transportation management systems market revenue growth in Latin America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


      A wide-ranging study of factors that will challenge the Latin America intelligent roadways transportation management systems market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. PARENT MARKET ANALYSIS

2.2. PORTER’S FIVE FORCES ANALYSIS

2.2.1. THREAT OF NEW ENTRANTS

2.2.2. THREAT OF SUBSTITUTES

2.2.3. BARGAINING POWER OF BUYERS

2.2.4. BARGAINING POWER OF SUPPLIERS

2.2.5. THREAT OF COMPETITIVE RIVALRY

2.3. MARKET MATURITY ANALYSIS

2.4. INDUSTRY COMPONENTS

2.4.1. MANUFACTURERS

2.4.2. DISTRIBUTORS

2.4.3. CUSTOMERS

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. PRODUCT FEATURES

2.5.2. APPLICATIONS

2.5.3. SUPERIOR TECHNOLOGY

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. MERGERS & ACQUISITIONS

2.6.4. BUSINESS DIVESTITURES

2.7. MARKET DRIVERS

2.7.1. GROWTH IN THE E-COMMERCE INDUSTRY

2.7.2. NEED FOR OPTIMIZATION OF SEVERAL KEY FUNCTIONS IN TRANSPORTATION

2.7.3. INTRODUCTION OF NEW TECHNOLOGIES IN TRAFFIC MANAGEMENT

2.7.4. EFFECTIVE SOLUTION FOR CHALLENGES ASSOCIATED WITH URBANIZATION AND POPULATION GROWTH

2.7.5. ABILITY OF INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS TO REDUCE FUEL CONSUMPTION

2.8. MARKET CHALLENGE

2.8.1. HIGH DEPLOYMENT COSTS AND TRADE-OFFS ASSOCIATED WITH INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEMS

2.9. MARKET OPPORTUNITIES

2.9.1. DEVELOPMENT OF CONNECTED CARS AROUND THE WORLD

2.9.2. INCREASE IN SMART CITIES

2.9.3. INCREASING ADOPTION OF ADVANCED PARKING MANAGEMENT SYSTEMS

2.9.4. USE OF INTERNET OF THINGS (IOT) IN INTELLIGENT ROADWAYS TRANSPORT MANAGEMENT SYSTEMS

2.9.5. DEVELOPMENT OF GREEN FUEL-BASED VEHICLES

2.10. ANALYST PERSPECTIVE

3. LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET – BY COMPONENT

3.1. SOFTWARE

3.1.1. VIDEO RECORDING SOFTWARE

3.1.2. SMART TRAFFIC MANAGEMENT ANALYSIS SOFTWARE

3.1.3. DATABASE MANAGEMENT SYSTEM SOFTWARE

3.1.4. POLLUTION ANALYSIS SOFTWARE

3.1.5. OTHER SOFTWARE COMPONENTS

3.2. SERVICE

3.2.1. CLOUD MANAGEMENT SERVICES

3.2.2. SUPPORT AND MAINTENANCE SERVICES

3.3. HARDWARE

3.3.1. INFORMATION AND RULE DISPLAY SYSTEMS

3.3.2. SECURITY AND SURVEILLANCE CAMERAS

3.3.3. ONT/OLT DEVICES

3.3.4. LINE WIRES

3.3.5. AUTOMATED POS SYSTEMS

3.3.6. SENSORS

3.3.7. OTHER HARDWARE COMPONENTS

4. LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET – BY APPLICATION

4.1. AUTOMATED TRAFFIC CONTROL

4.2. FLEET MANAGEMENT

4.3. PASSENGER INFORMATION MANAGEMENT

4.4. AUTOMATED TICKETING

4.5. AUTOMATED PARKING ASSISTANCE

4.6. OTHER APPLICATIONS

5. LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET – COUNTRY OUTLOOK

5.1. COUNTRY ANALYSIS

5.1.1. BRAZIL

5.1.1.1. BRAZIL INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET FORECAST & PROSPECTS

5.1.2. MEXICO

5.1.2.1. MEXICO INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET FORECAST & PROSPECTS

5.1.3. REST OF LATIN AMERICA

5.1.3.1. REST OF LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. DENSO CORPORATION

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. TATA CONSULTANCY SERVICES (TCS) LTD

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. SAP SE

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. ORACLE CORPORATION

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. IBM CORPORATION

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. MANHATTAN ASSOCIATES INC

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. BLUE YONDER

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. 3T LOGISTICS AND TECHNOLOGY GROUP

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. MERCURYGATE INTERNATIONAL INC

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. KUEBIX LLC

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF COLLABORATIONS

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LIST OF MERGERS & ACQUISITIONS

TABLE 5: LIST OF DIVESTITURES

TABLE 6: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)

TABLE 7: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)

TABLE 8: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2023-2030 (IN $ MILLION)

TABLE 9: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)

TABLE 10: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)

TABLE 11: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: PARENT MARKET ANALYSIS OF INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS

FIGURE 2: MARKET MATURITY ANALYSIS

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: KEY BUYING IMPACT ANALYSIS

FIGURE 5: PRODUCT FEATURES OF INTELLIGENT ROADWAYS TRANSPORT MANAGEMENT SYSTEMS

FIGURE 6: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2022 & 2030 (IN %)

FIGURE 7: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 8: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2022 & 2030 (IN %)

FIGURE 9: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY VIDEO RECORDING SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 10: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SMART TRAFFIC MANAGEMENT ANALYSIS SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 11: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY DATABASE MANAGEMENT SYSTEMS SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 12: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY POLLUTION ANALYSIS SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 13: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY OTHER SOFTWARE COMPONENTS, 2023-2030 (IN $ MILLION)

FIGURE 14: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2023-2030 (IN $ MILLION)

FIGURE 15: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2022 & 2030 (IN %)

FIGURE 16: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY CLOUD MANAGEMENT SERVICES, 2023-2030 (IN $ MILLION)

FIGURE 17: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SUPPORT AND MAINTENANCE SERVICES, 2023-2030 (IN $ MILLION)

FIGURE 18: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)

FIGURE 19: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022 & 2030 (IN %)

FIGURE 20: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY INFORMATION AND RULE DISPLAY SYSTEMS, 2023-2030 (IN $ MILLION)

FIGURE 21: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SECURITY AND SURVEILLANCE CAMERAS, 2023-2030 (IN $ MILLION)

FIGURE 22: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY ONT/OLT DEVICES, 2023-2030 (IN $ MILLION)

FIGURE 23: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY LINE WIRES, 2023-2030 (IN $ MILLION)

FIGURE 24: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY AUTOMATED POS SYSTEMS, 2023-2030 (IN $ MILLION)

FIGURE 25: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)

FIGURE 26: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2030 (IN $ MILLION)

FIGURE 27: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2022 & 2030 (IN %)

FIGURE 28: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY AUTOMATED TRAFFIC CONTROL, 2023-2030 (IN $ MILLION)

FIGURE 29: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY FLEET MANAGEMENT, 2023-2030 (IN $ MILLION)

FIGURE 30: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY PASSENGER INFORMATION MANAGEMENT, 2023-2030 (IN $ MILLION)

FIGURE 31: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY AUTOMATED TICKETING, 2023-2030 (IN $ MILLION)

FIGURE 32: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY AUTOMATED PARKING ASSISTANCE, 2023-2030 (IN $ MILLION)

FIGURE 33: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 34: LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 35: BRAZIL INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET 2023-2030 (IN $ MILLION)

FIGURE 36: MEXICO INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET 2023-2030 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA INTELLIGENT ROADWAYS TRANSPORTATION MANAGEMENT SYSTEMS MARKET 2023-2030 (IN $ MILLION)

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