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Smart Transportation Market 2020 Strategic Assessments - IBM Corporation, Cisco Systems, Inc., Siemens AG
Smart Transportation Market
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Executive Summary
Smart transportation refers to the use of several advanced technologies that aims to provide innovative services to different modes of transport. Smart transportation also enables users of different transportation modes to be more coordinated, better informed, and make safer use of transportation networks.
Smart transportation is a vertical application of Internet of Things (IoT), in which information and communication technologies are applied in the field of transport, such as car navigation, security CCTV systems, traffic signal control systems, parking guidance, etc. Smart transportation is considered very crucial for four major purposes, which include safety, environmental friendliness, productivity and efficiency, and better quality of life.
The smart transportation market can be segmented on the basis of solution (Integrated Supervision System, Ticketing Management System, Parking Management System, and Traffic Management System); application (Shared Mobility, Route Information and Route Guidance, Transit Hubs, Autonomous/Driverless Vehicles, Video Management, and Others); service (Cloud Services, Business Services, and Professional Services); and transportation mode (Roadways, Railways, Airways, and Maritime).
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Smart Transportation Market: IBM Corporation, Cisco Systems, Inc., Siemens AG, Accenture and others.
Latest news and developments:
October 31, 2019: Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, announced that it has entered into a Solution Technology Integrator (STI) agreement with Cisco Systems as part of the Cisco Transportation IoT Solutions segment. The STI agreement supports Iteris' incorporation of Cisco technology into its smart transportation solutions, and highlights the integration of Cisco communication systems into current and future projects to ensure its mutual customers have the most secure and reliable communication infrastructure for their end-to-end transportation systems.
Market Overview:
The global smart transportation market has increased significantly during the years 2017-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The smart transportation market is expected to increase due to evolving mobility market, rapid urbanization, rising investments in smart cities, increasing penetration of Internet of Things (IoT), favorable government initiatives for developing smart transportation, etc. Yet the market faces some challenges such as high initial capital investment, cyber security threats in smart transportation, etc.
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Regional Analysis For Smart Transportation Market:
For comprehensive understanding of market dynamics, the global Smart Transportation market is analyzed across key geographies namely:
Europe (Germany, France, UK, Russia and Italy)
North America (United States, Canada and Mexico)
Asia Pacific (China, Japan, Korea, India and Southeast Asia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Latin America
Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Smart Transportation Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020-2024.
Following are major Table of Content of Smart Transportation Market:
- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source
Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter's Five Forces Analysis and SWOT Analysis.
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We Offer Customization On Report Based On Specific Client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
Browse Related Reports:
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https://www.marketinsightsreports.com/reports/12261671404/global-smart-transportation-system-market-professional-survey-report-2019?source=openpr&Mode=R15
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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