Press release
Smart Transportation Market Development Study: Big changes will have a big Impact
HTF Market Intelligence released a new research report of 90-100 pages on title 'Global Smart Transportation Market (2018-2023)' with detailed analysis, forecast and strategies. The study covers key regions that includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America and important players such as Siemens AG, Cubic Corporation, IBM, Accenture PLC, Cisco Systems, Xerox Corporation, General Electric Company, LG CNS, Thales Group, and Alstom SA etc.Request a sample report @ https://www.htfmarketreport.com/sample-report/1304657-global-smart-transportation-market-10
Summary
Global Smart Transportation Market
The Global Smart Transportation Market is expected to reach USD 116.85 Bn by 2023, expanding at a CAGR of 9%. Technological advancements are transforming the way people travel. Nowadays, vehicles are connected by an array of sensors, which guides them in traffic, and is very useful for vehicle management. With the advent of the Internet of Things (IoT), the vision of safe transportation is evolving at a rapid pace. Utilization of smart technologies with the intention of building smart cities is frantically expanding across the world. Over 1 billion connected things are installed around the globe under smart cities’ project initiatives.
Smart transportation is a seen as a major part of the smart city projects where infrastructures are playing an important role in providing a platform to implement a connected ecosystem. With the rise in urbanization globally, investments are pouring into the smart transportation market. The US Department of Transportation invested approximately USD 160 Bn in 2016 for smart cities solutions. These projects are intended to provide better parking and traffic management solutions.
Worldwide popularity of cloud-based technologies and related solutions are driving the adoption of smart transportation. The automotive industry is adopting cloud technology for navigation, social connection, infotainment, etc. Moreover, the data collected enhances the qualitative analysis of current transportation infrastructure and helping in the implementation of advanced solutions and increase safety. The continuous demand for improvement in public transport facilities, and safety is driving the smart transportation business.
The emerging trend of smart connected technology is boosting the acceptance of smart vehicles. The demand for smart parking is ever increasing due to massive traffic congestion and lack of parking space caused by growing number of vehicles. Using smart sensors and parking meters helps drivers check for free parking space and reserve it in advance.
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/1304657-global-smart-transportation-market-10
Key growth factors
The rise in population and urbanization across the world is increasing the need for an improved transport system for public purpose. Governments are taking initiatives in the development of smart transport network which is bringing investments for the development of smart transportation networks.
Smart transportation is ensuring public safety as the prior availability of traffic and speed related information is reducing the number of accidents and delay. Smart transportation is environment-friendly and helps in keeping the ecosystem clean and safe. A smart vehicle reduces harmful vehicle emissions, which is a step towards a safe environment. These are some of the critical factors which are driving the market for the adaptation of smart transportation.
Threats and key players
High initial investment is required to improve the existing infrastructure of the transportation industry, which is obstructing the adoption of smart transportation. Improvement of existing roads or rail networks needs long time which creates an obstacle for the commuter and affects day to day communication. Large projects often require substantial financial investments, which is also a significant challenge for the smart transportation market players.
The complexity of infrastructure and limited availability of data which can monitor transportation system is restraining the adoption of smart technology in the transportation industry. Lack of internet penetration in developing and underdeveloped countries is seen as a major challenge. The key players in the Global Smart Transportation Market are Siemens AG, Cubic Corporation, IBM, Accenture PLC, Cisco Systems, Xerox Corporation, General Electric Company, LG CNS, Thales Group, and Alstom SA
What’s covered in the report?
1. Overview of the global smart transportation market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Global Smart Transportation Market, by services: Network management services, road safety services, public transportation services, freight efficiency services, security services, automotive telematics, and communication services.
3. Market trends in the global smart transportation market.
4. Market drivers and challenges for the global smart transportation market.
5. Analysis of companies profiles of major players operating in the market.
Why buy?
1. Understand the demand of global smart transportation market by services and solutions to determine the viability of the business.
2. Determine the developed and new markets where smart transportation technology is consumed.
3. Formulate a product market strategy – based on the position in the value chain and determine the optimal product/service placement.
4. Identify the gap areas and address them.
5. Develop strategies based on the industry and economic factors for each of the segments.
6. Define the competitive positioning by comparing the products and services compared with the key players in the market.
Make an enquiry before buying this Report @ https://www.htfmarketreport.com/enquiry-before-buy/1304657-global-smart-transportation-market-10
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Global smart transportation market- market overview
2.1. Global market overview- market trends, market attractiveness analysis, geography wise market revenue (USD)
2.2. Global - market drivers and challenges
2.3. Value chain analysis – global smart transportation market
2.4. Market size - By services (network management services, road safety services, public transportation services, freight efficiency services, security services, automotive telematics, and communication services)
Chapter 3: North America smart transportation market- market overview
3.1. Market overview- market trends, market attractiveness analysis, geography wise market revenue (USD)
3.2. North America - market drivers and challenges
3.3. Market size-By services (network management services, road safety services, public transportation services, freight efficiency
Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=1304657
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like Complete America, LATAM, Europe, Nordic regions, Oceania or Southeast Asia or Just Eastern Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Transportation Market Development Study: Big changes will have a big Impact here
News-ID: 2082735 • Views: …
More Releases from HTF Market Intelligence Consulting Pvt. Ltd.
Viral minimalism Market Is Booming Worldwide | Major Giants Tiny House Movement, …
HTF MI recently introduced Global Viral minimalism Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Viral minimalism Market are:
Muji, IKEA, Marie Kondo Media, Everlane, Allbirds, Patagonia, Capsule Wardrobe Collective, KonMari, Tiny House Movement,…
Immersive storytelling Market Is Booming Worldwide | Major Giants Unity Technolo …
HTF MI recently introduced Global Immersive storytelling Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Immersive storytelling Market are:
Epic Games (Unreal Engine), Unity Technologies, Niantic, Meta Reality Labs, Magic Leap, Adobe Aero, Dreamscape…
Purpose-driven brands Market Is Booming Worldwide | Major Giants Unilever, Ben & …
HTF MI recently introduced Global Purpose-driven brands Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Purpose-driven brands Market are:
Unilever, Ben & Jerry's, The Body Shop, Patagonia, TOMS, IKEA, Warby Parker, Allbirds, Seventh Generation,…
Work-from-anywhere economy Market Is Booming Worldwide | Major Giants Remote.com …
HTF MI recently introduced Global Work-from-anywhere economy Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Work-from-anywhere economy Market are:
Remote.com, GitLab, Zoom, Slack, Microsoft Teams, WeWork, Upwork, Fiverr, Trello, Asana, Monday.com, Basecamp, ClickUp, Miro,…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
