封面
市场调查报告书
商品编码
1818026

2032 年智慧型运输系统市场预测:按产品、系统、交通途径、应用和地区分類的全球分析

Intelligent Transport System Market Forecasts to 2032 - Global Analysis By Offering (Hardware, Software and Services), System, Mode of Transport, Application and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的数据,全球智慧型运输系统市场预计在 2025 年达到 530.6 亿美元,到 2032 年将达到 1,173.1 亿美元,预测期内的复合年增长率为 12%。

智慧型运输系统(ITS) 将资讯和通讯系统、数据分析、感测器和人工智慧等先进技术整合到交通网路中,以提高效率、安全性和永续性。 ITS 监控、控制和改善交通流量,减少拥堵,提高道路安全,并为旅客和交通运输业者提供即时更新。 ITS 涵盖交通管理、智慧运输服务、公共交通系统和物流解决方案等应用,从而实现更智慧的决策并更有效率地利用交通基础设施。

快速都市化和交通拥堵

即时监控和自适应交通控制有助于管理交通流量并提高安全性。智慧感测器和动态路线规划有助于提高基础设施效率。智慧交通系统 (ITS) 的投资与永续交通目标和多式联运协作相一致。公私合营正在加速系统部署。这些因素正在强化 ITS 作为城市交通转型关键推动因素的地位。

互通性和标准化挑战

传统基础设施经常与现代系统发生衝突,导致整合复杂化。供应商和市政当局难以确保资料格式的一致性和介面相容性。缺乏全球标准限制了扩充性和供应商协作。客製化需求增加了成本,并减缓了采用速度。这些问题影响了智慧交通系统 (ITS) 部署的一致性和效率。

智慧运输和联网汽车的需求不断增长

即时分析和云端连接正在实现无缝的行动出行体验。汽车製造商和科技公司正在将智慧交通系统 (ITS) 融入下一代汽车。对安全性、效率和非接触式服务的需求正在不断扩展使用案例。 MaaS 整合正在提升用户参与度和营运绩效。这些动态正在推动创新和市场成长。

监管和政策框架分散

资料隐私法和采购标准因地区而异。缺乏统一的立法会减缓投资和整合。不同的政府优先事项和资金筹措模式使部署变得复杂。核准流程通常冗长且难以预测。这些因素为智慧交通系统 (ITS) 的扩展带来了风险和阻力。

COVID-19的影响

新冠疫情严重影响了智慧型运输系统(ITS) 市场,扰乱了供应链,推迟了基础设施计划,并减少了对智慧运输解决方案的投资。封锁和出行限制大幅减少了交通活动,限制了对 ITS 部署的需求。然而,这场危机加速了数位转型,并凸显了高效交通管理、非接触式支付和即时监控的需求。疫情后的復苏正在推动 ITS 的重新部署,以增强安全性、优化出行并支援永续的城市交通规划。

智慧型运输管理系统 (ATMS) 预计在预测期内将成为最大的细分市场

智慧型运输管理系统 (ATMS) 领域预计将在预测期内占据最大市场份额,这得益于其在拥塞控制和事件回应方面发挥的作用。感测器和摄影机的整合使即时决策成为可能。市政当局优先考虑 ATMS,以减少排放并提高出行效率。云端平台和可扩展设计支援广泛的部署。原始设备製造商 (OEM) 和基础设施提供者之间的合作正在推动标准化。由于其与营运的相关性,预计该领域将继续保持领先地位。

公共交通领域预计将在预测期内实现最高的复合年增长率

预计公共交通领域将在预测期内实现最高成长率,这得益于智慧交通和通勤体验的投资。智慧交通系统 (ITS) 正在改善调度、票务和即时乘客资讯。行动整合和预测分析正在扩展其功能。各国政府正在对公共交通进行现代化改造,以减少交通拥堵并支持永续性。技术合作正在加速创新。随着城市优先考虑包容且高效的出行方式,预计公共交通领域将实现快速成长。

比最大的地区

预计北美将在预测期内占据最大的市场份额,这主要得益于各国政府为改善道路安全和缓解交通拥堵而采取的措施。先进的交通管理、连网汽车技术和智慧公共交通解决方案正在被广泛采用。该地区受益于强大的基础设施、技术创新以及私营部门和公共部门之间的合作。重点关注领域包括即时交通监控、预测分析以及基于人工智慧的软体与现有道路网路的整合。该市场在託管服务、咨询和系统整合方面正稳步增长,以支持城市交通和永续交通倡议。

复合年增长率最高的地区

在预测期内,由于都市化加快、汽车保有量上升以及政府对智慧城市计划的投资,亚太地区预计将呈现最高的复合年增长率。该地区正致力于交通管理系统、智慧停车解决方案和公共交通优化的部署。人工智慧、物联网和云端基础软体的技术进步正在推动新兴经济体对这些技术的采用。挑战包括基础设施差距和监管差异。关键成长领域是硬体、数据分析和整合服务。地方政府和技术提供者之间的合作计划正在推动人们关注更安全、更有效率、更永续的交通网络。

免费客製化服务

此报告的订阅者可以选择以下免费自订选项之一:

  • 公司简介
    • 全面分析其他市场参与者(最多 3 家公司)
    • 主要企业的SWOT分析(最多3家公司)
  • 区域细分
    • 根据客户兴趣对主要国家进行的市场估计、预测和复合年增长率(註:基于可行性检查)
  • 竞争基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 数据分析
    • 数据检验
    • 研究途径
  • 研究材料
    • 主要研究资料
    • 次级研究资讯来源
    • 先决条件

第三章市场走势分析

  • 驱动程式
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 新兴市场
  • COVID-19的影响

第四章 波特五力分析

  • 供应商的议价能力
  • 买方的议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争对手之间的竞争

5. 全球智慧型运输系统市场(依产品提供)

  • 硬体
    • 感应器
    • 相机
    • 展示板
    • 检测器
  • 软体
    • 交通管理软体
    • 公共运输管理软体
    • 停车管理软体
    • 数据分析与整合
  • 服务
    • 咨询和整合服务
    • 託管服务
    • 支援和维护

6. 全球智慧型运输系统市场(按系统)

  • 智慧型运输管理系统(ATMS)
  • 高阶旅行者资讯系统(ATIS)
  • 智慧公共交通系统(APTS)
  • 先进车辆控制系统(AVCS)
  • 商用车辆作业系统(CVO)

7. 全球智慧型运输系统市场(依交通途径)

  • 铁路
  • 航空

8. 全球智慧型运输系统市场(按应用)

  • 交通管理
  • 道路安全和保障
  • 货物管理
  • 公共运输
  • 停车场管理
  • 收费
  • 车辆和资产管理
  • 环境保护
  • 其他的

9. 全球智慧型运输系统市场(按地区)

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲地区

第十章:重大进展

  • 协议、伙伴关係、合作和合资企业
  • 收购与合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十一章 公司概况

  • Siemens AG
  • Kapsch TrafficCom AG
  • Thales Group
  • Cubic Corporation
  • Iteris Inc.
  • TomTom NV
  • Garmin Ltd.
  • TransCore LP
  • Econolite Group Inc.
  • Q-Free ASA
  • Hitachi Ltd.
  • Bosch Mobility Solutions
  • Huawei Technologies Co., Ltd.
  • Intel Corporation
  • Panasonic Corporation
Product Code: SMRC30989

According to Stratistics MRC, the Global Intelligent Transport System Market is accounted for $53.06 billion in 2025 and is expected to reach $117.31 billion by 2032 growing at a CAGR of 12% during the forecast period. An Intelligent Transport System (ITS) refers to the integration of advanced technologies such as information and communication systems, data analytics, sensors, and artificial intelligence into transportation networks to enhance their efficiency, safety, and sustainability. ITS assists in monitoring, controlling, and enhancing traffic movement, easing congestion, boosting road safety, and delivering real-time updates to both travelers and transport operators. It covers applications like traffic management, smart mobility services, public transport systems, and logistics solutions, enabling smarter decision-making and more efficient use of transportation infrastructure.

Market Dynamics:

Driver:

Rapid urbanization & traffic congestion

Real-time monitoring and adaptive traffic control are helping manage flow and enhance safety. Smart sensors and dynamic routing are supporting infrastructure efficiency. Investments in ITS are aligning with sustainable transport goals and multimodal coordination. Public-private collaborations are accelerating system deployment. These factors are reinforcing ITS as a key enabler of urban mobility transformation.

Restraint:

Interoperability & standardization challenges

Legacy infrastructure often conflicts with modern systems, complicating integration. Vendors and municipalities struggle with data format alignment and interface compatibility. Absence of global standards is limiting scalability and vendor cooperation. Customization needs are increasing costs and delaying implementation. These issues are affecting consistency and efficiency in ITS rollout.

Opportunity:

Rising demand for smart mobility & connected vehicles

Real-time analytics and cloud coordination are enabling seamless travel experiences. Automakers and tech firms are embedding ITS into next-gen vehicles. Demand for safety, efficiency, and contactless services are expanding use cases. MaaS integration is enhancing user engagement and operational performance. These dynamics are driving innovation and market growth.

Threat:

Fragmented Regulatory & Policy Frameworks

Data privacy laws and procurement standards vary across regions. Lack of harmonized legislation is slowing investment and integration. Government priorities and funding models differ, complicating deployment. Approval processes are often lengthy and unpredictable. These factors are introducing risk and friction into ITS expansion.

Covid-19 Impact:

The Covid-19 pandemic significantly impacted the Intelligent Transport System (ITS) market by disrupting supply chains, delaying infrastructure projects, and reducing investments in smart mobility solutions. Lockdowns and travel restrictions caused a sharp decline in transportation activities, limiting demand for ITS implementation. However, the crisis also accelerated digital transformation, highlighting the need for efficient traffic management, contactless payment, and real-time monitoring. Post-pandemic recovery is driving renewed adoption of ITS to enhance safety, optimize mobility, and support sustainable urban transportation planning.

The advanced traffic management system (ATMS) segment is expected to be the largest during the forecast period

The advanced traffic management system (ATMS) segment is expected to account for the largest market share during the forecast period due to their role in congestion control and incident response. Sensor and camera integration is enabling real-time decision-making. Municipalities are prioritizing ATMS for emissions reduction and travel efficiency. Cloud platforms and scalable designs support broad deployment. Collaboration between OEMs and infrastructure providers is improving standardization. This segment will continue to lead due to its operational relevance.

The public transportation segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the public transportation segment is predicted to witness the highest growth rate due to investment in smart transit and commuter experience. ITS is improving scheduling, ticketing, and real-time passenger information. Mobile integration and predictive analytics are expanding functionality. Governments are modernizing public transport to reduce congestion and support sustainability. Tech partnerships are accelerating innovation. This segment is set for rapid growth as cities prioritize inclusive and efficient mobility.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share is primarily driven by government initiatives to enhance traffic safety and reduce congestion. Advanced traffic management, connected vehicle technology, and smart public transit solutions are widely adopted. The region benefits from strong infrastructure, technological innovation, and collaboration between private and public sectors. Key focus areas include real-time traffic monitoring, predictive analytics, and integration of AI-based software with existing road networks. The market sees steady growth in managed services, consulting, and system integration, supporting urban mobility and sustainable transportation initiatives.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR due to increasing urbanization, rising vehicle ownership, and government investments in smart city projects. The region emphasizes deployment of traffic management systems, intelligent parking solutions, and public transit optimization. Technological advancements in AI, IoT, and cloud-based software are driving adoption across emerging economies. Challenges include infrastructure gaps and regulatory variations. Key growth is seen in hardware, data analytics, and integration services. Collaborative projects between local governments and tech providers are boosting the region's focus on safer, efficient, and sustainable transport networks.

Key players in the market

Some of the key players in Intelligent Transport System Market include Siemens AG, Kapsch TrafficCom AG, Thales Group, Cubic Corporation, Iteris Inc., TomTom N.V., Garmin Ltd., TransCore LP, Econolite Group Inc., Q-Free ASA, Hitachi Ltd., Bosch Mobility Solutions, Huawei Technologies Co., Ltd., Intel Corporation and Panasonic Corporation.

Key Developments:

In May 2025, Siemens launched the Vectron AC locomotive with a battery power module, enabling last-mile operations without overhead lines. This innovation supports sustainable rail transport and aligns with ITS goals by reducing emissions and enhancing operational flexibility in multimodal corridors.

In January 2025, Kapsch TrafficCom, in joint venture with Indra and Worldline, secured an €83 million contract from Spain's DGT to manage automated traffic enforcement systems in Leon. The partnership oversees over 400 surveillance devices and supports predictive maintenance, citizen services, and traffic violation processing.

Offerings Covered:

  • Hardware
  • Software
  • Services

System s Covered:

  • Advanced Traffic Management System (ATMS)
  • Advanced Traveler Information System (ATIS)
  • Advanced Public Transportation System (APTS)
  • Advanced Vehicle Control System (AVCS)
  • Commercial Vehicle Operations (CVO)

Mode of Transports Covered:

  • Roadways
  • Railways
  • Airways
  • Maritime

Applications Covered:

  • Traffic Management
  • Road Safety & Security
  • Freight Management
  • Public Transportation
  • Parking Management
  • Toll Collection
  • Fleet & Asset Management
  • Environment Protection
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Intelligent Transport System Market, By Offering

  • 5.1 Introduction
  • 5.2 Hardware
    • 5.2.1 Sensors
    • 5.2.2 Cameras
    • 5.2.3 Display Boards
    • 5.2.4 Detectors
  • 5.3 Software
    • 5.3.1 Traffic Management Software
    • 5.3.2 Transit Management Software
    • 5.3.3 Parking Management Software
    • 5.3.4 Data Analytics & Integration
  • 5.4 Services
    • 5.4.1 Consulting & Integration Services
    • 5.4.2 Managed Services
    • 5.4.3 Support & Maintenance

6 Global Intelligent Transport System Market, By System

  • 6.1 Introduction
  • 6.2 Advanced Traffic Management System (ATMS)
  • 6.3 Advanced Traveler Information System (ATIS)
  • 6.4 Advanced Public Transportation System (APTS)
  • 6.5 Advanced Vehicle Control System (AVCS)
  • 6.6 Commercial Vehicle Operations (CVO)

7 Global Intelligent Transport System Market, By Mode of Transport

  • 7.1 Introduction
  • 7.2 Roadways
  • 7.3 Railways
  • 7.4 Airways
  • 7.5 Maritime

8 Global Intelligent Transport System Market, By Application

  • 8.1 Introduction
  • 8.2 Traffic Management
  • 8.3 Road Safety & Security
  • 8.4 Freight Management
  • 8.5 Public Transportation
  • 8.6 Parking Management
  • 8.7 Toll Collection
  • 8.8 Fleet & Asset Management
  • 8.9 Environment Protection
  • 8.10 Other Applications

9 Global Intelligent Transport System Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Siemens AG
  • 11.2 Kapsch TrafficCom AG
  • 11.3 Thales Group
  • 11.4 Cubic Corporation
  • 11.5 Iteris Inc.
  • 11.6 TomTom N.V.
  • 11.7 Garmin Ltd.
  • 11.8 TransCore LP
  • 11.9 Econolite Group Inc.
  • 11.10 Q-Free ASA
  • 11.11 Hitachi Ltd.
  • 11.12 Bosch Mobility Solutions
  • 11.13 Huawei Technologies Co., Ltd.
  • 11.14 Intel Corporation
  • 11.15 Panasonic Corporation

List of Tables

  • Table 1 Global Intelligent Transport System Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Intelligent Transport System Market Outlook, By Offering (2024-2032) ($MN)
  • Table 3 Global Intelligent Transport System Market Outlook, By Hardware (2024-2032) ($MN)
  • Table 4 Global Intelligent Transport System Market Outlook, By Sensors (2024-2032) ($MN)
  • Table 5 Global Intelligent Transport System Market Outlook, By Cameras (2024-2032) ($MN)
  • Table 6 Global Intelligent Transport System Market Outlook, By Display Boards (2024-2032) ($MN)
  • Table 7 Global Intelligent Transport System Market Outlook, By Detectors (2024-2032) ($MN)
  • Table 8 Global Intelligent Transport System Market Outlook, By Software (2024-2032) ($MN)
  • Table 9 Global Intelligent Transport System Market Outlook, By Traffic Management Software (2024-2032) ($MN)
  • Table 10 Global Intelligent Transport System Market Outlook, By Transit Management Software (2024-2032) ($MN)
  • Table 11 Global Intelligent Transport System Market Outlook, By Parking Management Software (2024-2032) ($MN)
  • Table 12 Global Intelligent Transport System Market Outlook, By Data Analytics & Integration (2024-2032) ($MN)
  • Table 13 Global Intelligent Transport System Market Outlook, By Services (2024-2032) ($MN)
  • Table 14 Global Intelligent Transport System Market Outlook, By Consulting & Integration Services (2024-2032) ($MN)
  • Table 15 Global Intelligent Transport System Market Outlook, By Managed Services (2024-2032) ($MN)
  • Table 16 Global Intelligent Transport System Market Outlook, By Support & Maintenance (2024-2032) ($MN)
  • Table 17 Global Intelligent Transport System Market Outlook, By System (2024-2032) ($MN)
  • Table 18 Global Intelligent Transport System Market Outlook, By Advanced Traffic Management System (ATMS) (2024-2032) ($MN)
  • Table 19 Global Intelligent Transport System Market Outlook, By Advanced Traveler Information System (ATIS) (2024-2032) ($MN)
  • Table 20 Global Intelligent Transport System Market Outlook, By Advanced Public Transportation System (APTS) (2024-2032) ($MN)
  • Table 21 Global Intelligent Transport System Market Outlook, By Advanced Vehicle Control System (AVCS) (2024-2032) ($MN)
  • Table 22 Global Intelligent Transport System Market Outlook, By Commercial Vehicle Operations (CVO) (2024-2032) ($MN)
  • Table 23 Global Intelligent Transport System Market Outlook, By Mode of Transport (2024-2032) ($MN)
  • Table 24 Global Intelligent Transport System Market Outlook, By Roadways (2024-2032) ($MN)
  • Table 25 Global Intelligent Transport System Market Outlook, By Railways (2024-2032) ($MN)
  • Table 26 Global Intelligent Transport System Market Outlook, By Airways (2024-2032) ($MN)
  • Table 27 Global Intelligent Transport System Market Outlook, By Maritime (2024-2032) ($MN)
  • Table 28 Global Intelligent Transport System Market Outlook, By Application (2024-2032) ($MN)
  • Table 29 Global Intelligent Transport System Market Outlook, By Traffic Management (2024-2032) ($MN)
  • Table 30 Global Intelligent Transport System Market Outlook, By Road Safety & Security (2024-2032) ($MN)
  • Table 31 Global Intelligent Transport System Market Outlook, By Freight Management (2024-2032) ($MN)
  • Table 32 Global Intelligent Transport System Market Outlook, By Public Transportation (2024-2032) ($MN)
  • Table 33 Global Intelligent Transport System Market Outlook, By Parking Management (2024-2032) ($MN)
  • Table 34 Global Intelligent Transport System Market Outlook, By Toll Collection (2024-2032) ($MN)
  • Table 35 Global Intelligent Transport System Market Outlook, By Fleet & Asset Management (2024-2032) ($MN)
  • Table 36 Global Intelligent Transport System Market Outlook, By Environment Protection (2024-2032) ($MN)
  • Table 37 Global Intelligent Transport System Market Outlook, By Other Applications (2024-2032) ($MN) Other Applications (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.