Press release
Global Smart Transportation Market is Booming CAGR of 19.7% by 2026 with Top key Players like Kapsch Traffic Com, Gemalto NV, Thales Group, Alstom, Schneider Electric, Siemens Ltd., MSR-Traffic, Cubic Corporation, WS ATKINS PLC, Cisco System, Inc.
The main purpose is to collect data and controlling the real-time conditions, to improve performance and others. The smart sensor offers a wide range of applications in road transport including infrastructure, traffic management, mobility management, car navigation, container management systems, automatic number plate recognition and security CCTV systems applications.
Smart transportation market research report works as a best solution to know the trends and opportunities in the Information and Communication Technology industry. This report not only offers actionable market insights but also lend a hand to create sustainable and money-spinning business strategies. Smart transportation market report contains historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. It not only identifies the emerging trends along with major drivers, challenges and opportunities in the market but also analyses them efficiently.
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Global smart transportation market is expected to register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026.
Industry Players Analysis:
Some of the prominent participants operating in this market are Kapsch Traffic Com, Gemalto NV, Thales Group, Alstom, Schneider Electric, Siemens Ltd., MSR-Traffic, Cubic Corporation, WS ATKINS PLC, Cisco System, Inc., Accenture, IBM, LG CNS, Indigo Group and Toshiba Corporation and others.
Some of the key questions answered in this report:
• Detailed Overview of Smart Transportation Market will help deliver clients and businesses making strategies.
•Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Smart Transportation Market
• SWOT Analysis of each defined key players along with its profile and Porter’s five forces tool mechanism to compliment the same.
• What growth momentum or acceleration market carries during the forecast period?
• Which region may tap highest market share in coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What would be the market share of key countries like United States, Europe, China, Japan, Southeast Asia & India etc.?
• What focused approach and constraints are holding the Smart Transportation Market tight?
Table of Contents
Market Overview
Global Economic Impact on Industry
Global Market Competition by Manufacturers
Global Production, Revenue (Value) by Region
Global Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis
Market Effect Factors Analysis
Global Market Forecast
Appendix
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Segmentation:
The Smart transportation market is segmented into four notable segments which are solution, services and transportation
On the basis of solution, the market is segmented into passenger information solution, traffic management solution, parking management solution, smart ticketing solution, insurance telematics solution and integrated supervision solution. The passenger information solution is sub-segmented into network connectivity and multimedia information & entertainment. The traffic management solution is sub-segmented into route guidance, toll collection & revenue management, smart signaling and predictive traffic analytics. The parking management solution is sub-segmented into ticketing and revenue management, access control, automated parking guidance and slot management.Traffic management solution segment is growing at the highest CAGR of 20.3% in the forecast period of 2019 to 2026.Traffic management solution segment to grow with the highest CAGR due to increasing demand for monitor various roadways as well as controlling traffic congestion.
On the basis of service, the market is segmented into professional services and cloud services. Cloud services segment is growing at the highest CAGR of 20.2% in the forecast period of 2019 to 2026.
Cloud services segment is expected to grow with the highest CAGR due to increasing demand for managing traffic control with the help of cloud based intelligent transportation systems.
On the basis of transportation, the market is segmented into roadways, railways, waterways and airways.Airways segment is growing at the highest CAGR of 20.4% in the forecast period of 2019 to 2026.
Airways segment is expected to grow with the highest CAGR due to growing developments and high usage of smart technologies in areas such as North America, Europe and other regions.
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