Smart Transportation Market at a Highest CAGR of 24.85% Rising Demand of Integrated Security, Safety System for Enhancing Public Safety by Top Dominating Competitors and Global Forecast 2024
Global Smart Transportation Market accounted for USD 70.14 billion in 2016 growing at a CAGR of 24.85% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Get Free Sample Report Copy @ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-transportation-market
High demand from countries such as China and India will be key factors driving the growth of the region. The expanding ICT and Semiconductor is the key to the high demand for Global Smart Transportation Market services in these countries of Asia Pacific. The high population growth and growing number of users in Asia Pacific will remain a promising pool for the Global Smart Transportation Market, more so in applications concerning personal assistance
Major Market Competitors:
Some of the major players of the global smart transportation market are:-
• Cisco Systems Inc.,
• General Electric Company,
• IBM Corporation,
• Siemens AG,
• Cubic Corporation,
• Indra Sistemas,
• LG CNS,
• Q-Free ASA,
• Thales Group,
• ZTE Corporation among others.
Major Market Drivers & Restraints:
• Growing Urban Population
• Rising Demand of Integrated Security and Safety System for Enhancing Public Safety
• Growing Government Initiatives
• Growing Demand for Efficient Transportation
• Heavy Capital Investment
Market Definition: Global Smart Transportation Market
The smart transportation helps in efficiently management and coordination of transportation systems. This is done with the help of information technology and artificial intelligence. The usage of the growing technology in the transportation helps in easy flow of the traffic and becomes very useful for the drivers. The growing urban population, technology and government initiatives are boosting the growth of this market where as the high cost involved in the installation is one of the restraints for this market.
Inquiry Before Buying: https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-smart-transportation-market
If you have any special requirements, please let us know and we will offer you the report as you want.
Company Share Analysis:
The report for smart transportation market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges.
The global smart transportation market is segmented on the basis of transportation mode into roadways, and railways.
On the basis of solution, the global smart transportation market is further segmented into smart ticketing solution, parking management solution, passenger information solution, traffic management solution, integrated supervision solution, and insurance telematics solution. The parking management solution is further sub segmented into access control solution, ticketing & revenue management solution and automated parking guidance & slot management solution. The passenger information solution is further sub segmented into multimedia information and entertainment solution and network connectivity solution. The traffic management solution is further sub segmented into smart signaling solution, route guidance solution, toll collection & revenue management solution and predictive traffic analytics solution.
On the basis of service, the global smart transportation market is sub segmented into consulting services, deployment & integration services, and support & maintenance services.
On the basis of geography, global smart transportation market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Access Full Report: http://databridgemarketresearch.com/reports/global-smart-transportation-market/
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Transportation Market at a Highest CAGR of 24.85% Rising Demand of Integrated Security, Safety System for Enhancing Public Safety by Top Dominating Competitors and Global Forecast 2024 here
News-ID: 1112139 • Views: 246
More Releases from Data Bridge Market Research
Radiotherapy Market is Booming Worldwide With CIVCO Medical Solutions, Brainlab …
Global Radiotherapy Market is expected to reach at a CAGR of 7.7% in the forecast period of 2018 to 2025. Global Radiotherapy Market, By Therapy (Beam Radiotherapy, Brachytherapy, Systemic Radiotherapy), By Product Type (External Beam Radiotherapy, Internal Radiotherapy Products, Radiotherapy Softwares, Systemic Radiotherapy), By Application (Prostrate Cancer, Breast Cancer, Lung Cancer, Spine Cancer, Liver Cancer, Brain Cancer, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) –
Cable Assembly Market Quantitative Analysis By TE Connectivity, Molex, LLC, W. L …
The cable assembly report aids in achieving an extreme sense of evolving industry movements before the competitors. This market research report gives clear idea about strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. It becomes easy to analyse the actions of key players and its effect on the sales, import, export, revenue and CAGR values with this cable assembly report. The report is also a helpful source of assistance
Aroma Chemicals Market 2019:Quantitative Analysis By Hindustan Mint & Agro Produ …
The market analysis of aroma chemicals market report provides an examination of various market segments that are supposed to witness the fastest development amid the estimated forecast frame. A comprehensive market research has been conducted in this report which puts a light on the challenges, market structures, opportunities, driving forces, scope, and competitive landscape for your business. The best tools have been adopted to generate this report which is SWOT
Industrial Communication Market 2019:Industry Analysis By OMRON Corporation, Sch …
Global industrial communication market is set to witness a healthy CAGR of 11.12% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing adoption of industrial internet of things and increasing demand for wireless networks are the factor for the growth of this market. Industrial communication report is a well-generated market report which helps achieve comprehensive analysis of the market
More Releases for Transportation
Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Asia Pacific Travel Transportation Industry Analysis
The introduction of new travel routes, growing tourist flows and competitive pricing have led to an expanding number of travellers in Asia Pacific. Heavy investments in commercial aircraft fleets and infrastructure, in addition to cooperation with international airlines, are providing a boost for travel demand in this part of the world. The entrance of new players and rising consumer incomes are driving further growth. Browse the full report @ https://www.orbisresearch.com/reports/index/travel-transportation-in-asia-pacific Euromonitor International's
Barge Transportation Market Growth In Transportation Industry to 2024 Profiling …
Dry cargo will account for the maximum barge transportation market revenue share of over USD 75 billion till 2024. The dominance can be attributed to the increasing demand for low value bulk industries for the transportation of recyclable and municipal wastes. The increasing requirement of safe barge transportation services for coal, lumber, steel, ore, and gravel will further propel the revenue generation over the forecast timeframe. Sample Copy of This Report
Cold Chain Logistics Market report with Leading players, Applications Land trans …
Cold Chain Logistics Market The Cold Chain Logistics industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Cold Chain Logistics market size to maintain the average annual growth rate of 6.18% from 710 million $ in 2014 to 850 million $ in 2017, BisReport analysts believe that in the next few years, Cold Chain Logistics market size will be further expanded,
Transportation Analytics Market - Optimization in the Transportation & Logistics …
With rapid technological advancements, there is need for efficient transportation. Inefficient transportation difficulties are expensive as well as time consuming. The major concern is in building the infrastructure for transportation such as roads, highways, and railway tracks. This is because manufacturing a car is less time consuming than construction of roads, tracks etc. Rising population and the migration of people from rural areas to the metros is responsible for traffic
Global Intermodal Freight Transportation Market 2017 Knight Transportation, Swif …
Intermodal Freight Transportation Market 2017 A market study based on the Intermodal Freight Transportation Market 2017 inspects the execution of the Intermodal Freight Transportation advertise, encasing a top to bottom judgment of the Intermodal Freight Transportation showcase state and the aggressive scene comprehensively. This report breaks down the capability of Intermodal Freight Transportation market in the present and in addition the future prospects from different points in detail. The Global Intermodal