Global Smart Transportation Market Trends, Size, Competitive Analysis and Forecast - 2020-2026

The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2020-2026). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems. Smart transportation includes the use of several technologies, from basic management systems such as car navigation; traffic signal control systems; container management systems; automatic number plate recognition or speed cameras to monitor applications, such as security CCTV systems; and to more advanced applications that integrate live data and feedback from a number of other sources. The evolution of intelligent transportation systems is providing a growing number of technology solutions for transportation managers, to operate and maintain the systems more efficiently and improve performance.

Request a free sample of our report on Global Smart Transportation Market: https://www.omrglobal.com/request-sample/smart-transportation-market

Moreover, there are several pivotal factors that are driving the global smart transportation market, which includes growing government initiatives and public-private partnerships (PPP) for the extension of smart transportation across the globe. This factor is further backed by several smart city projects in the emerging economies, such as China and India. Moreover, the adoption of IoT, analytics, and automation technologies will further offer growth opportunity to the smart transportation market during the forecast period. However, high cost of deployment and stringent regulatory policies will affect the market growth during the forecast period.

A full report of Global Smart Transportation Market Is available at https://www.omrglobal.com/industry-reports/smart-transportation-market

Global Smart Transportation Market Segmentation

By Transportation Mode
• Railways
• Roadways
• Airways
• Maritime

By Application
• Ticketing Management System
• Parking Management System
• Traffic Management System
• Others (Integrated Supervision System)

Regional Analysis
• North America
o United States
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• Advantech Co., Ltd.
• ALSTOM Holdings
• Amadeus IT Group, S.A.
• Bentley Systems, Inc.
• Cisco Systems, Inc.
• Conduent Business Services, LLC
• Cubic Corp.
• Hitachi, Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corp.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/smart-transportation-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.