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Smart Transportation Market By Service (Business, Professional, and Cloud Services) And Solution Analysis By Top Key Players Accenture Plc , IBM, Cisco Systems , Transportation, Xerox Corporation

04-03-2019 07:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Big Market Research

Smart Transportation

Smart Transportation

This involves future-proofing our road networks with the best intelligent transport systems (ITS) and communicative data technologies of today, and preparing for the onset of future technologies such as autonomous vehicles. As the world’s population and transport burden steadily increases, smart transport solutions are vital to addressing the challenge of our century. Smart transportation and smart cities initiatives are about moving people and goods more efficiently, affordably and sustainably in our cities. The global smart transportation market size was valued at $63,667 million in 2015, and is projected to reach $237,701 million by 2022, growing at a CAGR of 18.6% from 2016 to 2022.

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Investments in smart cities, which are expected to integrate smart transportation, provide numerous opportunities for this market. Moreover, introduction of parking management system, which induces various functions to help drivers to locate parking space easily, presents opportunity for growth. However, large database requirement of a road network and the need for high capital investment, as the existing transport system requires a complete restoration, impedes the market growth

The smart transportation market is segmented into service, solution, and geography. By service, it is divided into business, professional, and cloud services. The solution segment includes ticketing management system, parking management & guidance system, integrated supervision system, and traffic management system.

Top Key Players : Accenture Plc, Siemens, IBM, Cisco Systems, GE Transportation, Xerox Corporation, Cubic Corporation, Thales S.A., Kapsch AG, and Alstom SA.

Smart Transportation Market Key Segmentation

• By Solution : Hybrid Ticketing Management System ,Parking Management & Guidance System ,Integrated Supervision System , Traffic Management System

• By Service : Business ,Professional ,Cloud

• Geographically, it is segmented across North America (U.S. and Canada), Europe (UK, Germany, France, and rest of the Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)..

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Key Benefits

• The report includes an extensive analysis of the factors that drive as well as restrain the global smart transportation market.
• The market projections from 2014 to 2022 are included, along with the affecting factors.
• The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
• Extensive analysis by vehicle type helps in understanding the various types of smart transportation systems

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