Upcoming Growth of Smart Transportation Software Market by World with Leading Companies such as Thales , Huawei , Siemens , IBM , Cisco Systems , SAP , Cubic , ALSTOM - Forecast 2026

An intelligent transportation system is an advanced application which, without embodying intelligence as such, aims to provide innovative services relating to different modes of transport and traffic

The smart transport market is estimated at $ 7.5 billion in 2019 and is expected to reach $ 14.921 billion in 2026, with an average annual growth rate (CAGR) of +15% over the forecast period. Major factors that are expected to drive the growth of the smart traffic market include urban population growth and high demographic ratio, increased adoption of smart technology in transportation infrastructure,

Major vendors covered in the Smart Transportation Software market include Thales , Huawei , Siemens , IBM , Cisco Systems , SAP , Cubic , ALSTOM , Bombardier , Toshiba , Harris , Saab , Veson Nautical , Advanced Navigation Positioning Corporation , BASS Software , BENTLEY SYSTEMS , Indra Sistemas , Trimble , TomTom , Amadeus , Conduent , Kapsch , Hitachi , The Descartes Systems (Canada), Accenture (Republic of Ireland), Rockwell Collins

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Tracking and monitoring systems in the maritime intelligent transportation systems market account for more than +30% of the market share in 2019 and are expected to remain dominant by 2026. Tracking and monitoring systems provide information to the maritime operator for making maritime operational decisions. Real time

Smart Transportation Software systems can integrate intelligent communication systems into the infrastructure to complement market growth and provide better safety and security. ITS also encourages the development and promotion of alternative green fuels such as natural gas and biodiesel. But this market growth is constrained by the complete restoration of existing transportation systems and the need for high capital investments due to the large database requirements of road networks that may not be available in developing countries.

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Key Benefits
• It offers a quantitative analysis from 2019 to 2026 which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
• The study provides an in-depth analysis of the global Smart Transportation Software market, with current trends and future estimations to elucidate the imminent investment pockets.
By Solution
• Hybrid Ticketing Management System
• Parking Management & Guidance System
• Integrated Supervision System
• Traffic Management System
By Service
• Business
• Professional
• Cloud

With the increasing use of vehicles, parking problems are increasing worldwide and can be overcome with the introduction of the Advanced Parking Management System (APMS), which is part of a Smart Transportation Software system. APMS helps people quickly find parking places and improves visitor experience. These systems include elements of traditional tourist information systems as well as special parking management applications

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