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Global Smart Transportation Market – Forecasts to 2026

Global Smart Transportation Market – Forecasts to 2026

Smart transportation is defined as the incorporation of advanced technologies to produce innovative services to accommodate substantial transport and traffic management systems. It can also be termed as intelligent transport solutions (ITS). The purpose of the market is to transform conventional into time and fuel-saving transportation systems. With the second wave of COVID19, the cases have been higher than earlier posing a threat to the development of the transportation industry. To curb global recession, constant government initiatives have been assisting to stabilize the downfall of the market. The before-mentioned actions are projected to empower the global smart transportation market in the outlook period.
According to the report issued by Global Market Estimates Research & Consultants, the Smart Transportation Market is implied to register a significant acceleration of 10.6% during the forecast period (2020-2026).
The restraints of the market are primary installation prices and deficiency of standardization that may affect the consistent momentum of the market yet, market transformation by electrification, increasing capital investments towards smart city projects, and usage of modern technologies to improve user experience are some of the factors supplementing to the impulse of the global smart transportation market.

Browse 163 Market Data Tables and 124 Figures spread through 187 Pages on "Smart Transportation Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/smart-transportation-market-2508

By Type of Transportation Mode (Roadways, Railways, Airways, and Maritime), By Type of Communication Technology (Communication Technology in Roadways, Communication Technology in Railways, Communication Technology in Airways, and Communication Technology in Maritime), By Type of Application (Mobility as a Service, Route Information & Route Guidance, Public Transport, Transit Hubs, Connected Cars, Video Management, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis

Key Market Insights:
• The smart transportation market will show tremendous growth with a CAGR value of 10.6% during 2020-2026.
• Roadways are seen to dominate the market from 2020 to 2026.
• Public transport are witnessed to rise at a significant rise in CAGR% in the smart transportation market.
• Amongst all the regions across the globe, APAC is expected to have the highest growth over the coming years.

Thales Group, Huawei Technologies Co. Ltd., Siemens AG, IBM Corporation, Cisco Systems Inc., SAP, Cubic Corporation, Alstom, Bombardier Inc., Toshiba, Harris Corporation, Saab AB, Veson Nautical, BASS Software, Bentley Systems, Indra Sistemas, Trimble, TomTom International BV., Amadeus IT Group SA, Conduent, Kapsch, Hitachi Ltd., Descartes, Accenture, and DNV GL, and other industries are the dominant players in the global smart transportation market.

Browse the smart transportation market report @ https://www.globalmarketestimates.com/market-report/smart-transportation-market-2508

• Type of Transportation Mode Outlook (Revenue, USD Million, 2020 - 2026)
• Roadways
• Railways
• Airways
• Maritime

• Type of Communication Technology Outlook (Revenue, USD Million, 2020 - 2026)
• Communication Technology in Roadways
• Communication Technology in Railways
• Communication Technology in Airways
• Communication Technology in Maritime

• Type of Application Outlook (Revenue, USD Million, 2020 - 2026)
• Mobility as a Service
• Route Information and Route Guidance
• Public Transport
• Transit Hubs
• Connected Cars
• Video Management
• Other Applications

• Regional Outlook (Revenue, USD Million, 2020 - 2026)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
• Central & South America
• Brazil
• Argentina
• Chile
• Rest of CSA
• Middle East & Africa
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

Contact: Yash Jain
Email address: sales@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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