Press release
Smart Transportation Market Size to Touch USD 343.77 billion by 2025 | Worldwide Keyplayer's(Kapsch, Accenture PLC.,Cisco System, Inc., IBM Corporation, Indra Sistema )
Smart Transportation Market
Global Smart Transportation Market Overview:
As per the projections of the Market Analyst, The Global Smart Transportationmarket was valued at USD 56.45 billion in 2016 and is expected to reach USD 343.77 billion by 2025 at a Compound Annual Growth Rate (CAGR) more than 22.23% over the forecast period 2018-2025.
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The major factors expected to augment the market are increasing governmental focus on building smart cities, escalating requirements for safety & security for the improvement of public safety, increasing number of smart cities and rising adoption of IoT.
Smart transportation, a prime internet of things (IoT) vertical application, refers to the combined use of modern technologies and management strategies in transportation systems. These technologies intend to provide innovative services relating to diverse modes of transport & traffic management and facilitate users to be better informed and make safer and smarter use of transport networks.
Regionally, North America is the leading region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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Market players of Smart Transportation Market:
1 Kapsch
2 Accenture PLC.
3 Cisco System, Inc.
4 IBM Corporation
5 Indra Sistema
6 Alstom
7 LG CNS Corporation
8 Xerox Corporation
9 General Electric Company
10 Cubic Corporation and so on.
New product launches and continuous technological innovations are also few of the key strategies adopted by the major players. Acquisitions & effective mergers are some of the strategies adopted by the key manufacturers.
The Smart Transportation market is segmented into:
Smart Transportationmarket by Solutions:
1 Traffic Management
2 Passenger Information Parking
3 Integrated Supervision
4 Ticketing Management
5 Others
Smart Transportation market By Services:
1 Cloud Services
2 Professional Services
3 Business Services
Smart Transportation market By Regions:
1 North America Country (United States, Canada)
2 Asia Country (China, Japan, India, Korea)
3 Europe Country (Germany, UK)
4 Rest of the World
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Key Questions Answered in this Report:
1 What will the market size be in 2025?
2 What are the key factors driving the Smart Transportation Market?
3 What are the challenges to market growth?
4 Who are the key players in the Smart Transportation Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Smart Transportation Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Smart Transportation Market by Solution
5 Smart Transportation Market, by Services
6 Smart Transportation Market, by Regional Analysis
7 Competitive Intelligence
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