Press release
Smart Transportation Market is expected to reach a market value at US$ 343.77 Billion by the end of 2025 | Global Key Players –Kapsch, Accenture, Cisco System, IBM, IndraSistema, Alstom, LG CNS, Xerox
Smart Transportation Market
Global Smart Transportation Market Overview:
According to Market Analyst, Global Smart Transportation Market is projected to grow at a healthy growth rate from 2018 to 2025.
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Global Smart Transportation Marketto reach USD 343.77 billion by 2025. Global Smart Transportation Market valued approximately USD 56.45 billion in 2016 is anticipated to grow with a healthy growth rate of more than 22.23% over the forecast period 2018-2025.
The Global Smart Transportation market is expected to expand at a moderate rate during the forecast period 2018 – 2025. Rising number of on-road vehicles and ineffective existing transport infrastructure are expected to propel the need for efficient management systems.The smart solutions market for mass transit is primarily driven by the need for better public transportation systems which would support the increasing population and urbanization around the globe.
Among Solution, The smart ticketing system is the fastest growing market in the smart transportation market for both roadways and railways. This growth is due to the benefits such as increased efficiency, and reliability.
On the Basis of Industry, Enterprisessegment is expected to play a vital role in changing the Discovery Market landscape and grow at the highest CAGR during the forecast period due to the growing demand for the security of legal data during the process of legal cases.
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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The Market is segmented and projected on the basis of major key player’s:
1 Kapsch
2 Accenture PLC.
3 Cisco System, Inc.
4 IBM Corporation
5 IndraSistema
6 Alstom
7 LG CNS Corporation
8 Xerox Corporation
9 General Electric Company
10 Cubic Corporation and so on.
The market for Smart Transportationcan be segmented on the basis of the following Criteria:
The Market is segmented and projected on the basis of major Region Segmentation
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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The Market is segmented and projected on the basis of Solutions Segmentation:
1 Traffic Management
2 Passenger Information Parking
3 Integrated Supervision
4 Ticketing Management
5 Others
The Market is segmented and projected on the basis of Services Segmentation:
1 Cloud Services
2 Professional Services
3 Business Services
Key Questions Answered in this Report:
1 What will the market size be in 2025?
2 What are the key factors driving the Smart TransportationMarket?
3 What are the challenges to market growth?
4 Who are the key players in Smart TransportationMarket?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Global Smart Transportation Solutions Market Definition & Scope
2 Research Methodology
3 Executive Summary
4 Global Smart Transportation Solutions Market Dynamics
5 Global Smart Transportation Solutions Market by Solution
6 Global Smart Transportation Solutions Market by Service
7 Global Smart Transportation Solutions Market, Regional Analysis
8 Competitive Intelligence
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