Smart Transportation Market Size. Industry Analysis, Global Overview, Business Strategy, Regional Trends, Competitive Landscape and Opportunity Assessment by 2022
Market Research Future published a research report on “Smart Transportation Market Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – July 31, 2018 /MarketersMedia/ —
Smart Transportation Market – Overview
Transportation is a developing sector currently both in terms of volume and also the level of application of cutting edge technology. Market Research Future which concentrates on market reports related to the healthcare sector amongst others lately published a report on this industry. The market for smart transportation is estimated to develop to USD 273 Billion by 2022 while growing at a 24% of CAGR in the forecast period.
Intensive use of information technology has been crucial to the expansion of this sector to a great extent. Smart transportation demand curve has experienced a significant upswing in the past few years, due to increased integration of IT in various sectors. Necessity of smart traffic management solutions and lesser availability of manpower to regulate traffic efficiently. Increased rate of investments in the IoT sector have been instrumental to the further development of the sector.
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Regional Analysis:
The regional analysis of Smart Transportation market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid digitization across different industries has driven the market of Smart Transportation in European region. European region is expected to dominate in the Smart Transportation market by the forecast period owing to digital transformation, technological advancements, and increasing adoption of smart connected devices. The study reveals that government initiatives towards smart transportation in the European region are driving the smart transportation market in this region. North America region followed by Europe is expected to grow significantly by the forecast period. Asia-Pacific countries like China, Japan, India and Korea are expected to show a steady growth in the Smart Transportation Market.
Key Players:
The prominent players in the Smart Transportation Market are – Cisco Systems, Inc. (U.S.), General Electric Company (U.S.), Alstom SA (France), Cubic Corporation (U.S.), Kapsch (Austria), IBM Corporation (U.S.), Thales Group (France), Siemens AG (Germany), AECOM (U.S.), Accenture Plc (Ireland), LG CNS Co. Ltd. (Korea), TomTom International B.V. (Netherlands) among others.
Market Segments:
Smart Transportation Market for segment on the basis of Solution and service.
Smart Transportation Market by Solution:
• Traffic management solution
• Smart ticketing solution
• Parking management solution
• Integrated supervision solution
• Passenger information solution
• Insurance telematics solution
Smart Transportation Market by Service
• Consulting Service
• Deployment and Integration
• Support and Maintenance
Industry Updates:
Jan 2018 Didi Chuxing which is a mobile transportation platform has entered into a collaboration with Chinese traffic management authorities. The joint initiative has subsequently launched combined solution for traffic management in a smart city set up. The initiative has been the nicknamed the “DiDi Smart Transportation Brain.” The initiative has thus been implemented by more than 20 Chinese cities and is led by three principal feature. The solution readily facilitates real-time data leveraging cloud computing and AI-based technologies to offer cities with a variety of transportation infrastructure developments.
Jan 2018 Cubic Corporation announced recently the Cubic Transportation Systems (CTS) business division will display their innovations and technologies for smart city transportation planning in an upcoming exhibition. Cubic will exhibit their open-payment platforms and account-based ticketing, novel mobile technologies and additional strategies for growing competencies for the convenience and accessibility for travelers and transportation operators.
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Intended Audience
• Public transportation authorities
• Networking and Communication Service Providers (CSPs)
• Cloud service providers
• Smart cities stakeholders
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Transport agencies
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
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Organization: Market Research Future
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Phone: 6468459312
For more information, please visit https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 386770
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