Smart Transportation Market Insights, Top Key Players, opportunity, Growth and Impact on Services & Solution (2021-2027)

Smart transportation system are efficient and sustainable intermodal transport systems and infrastructure that can deliver high level of intelligence and performance. Smart transportation system includes use of advanced technologies such as electronics, computers, information and telecommunication, and advanced sensors to provide information to consumers in order to improve safety and efficiency of the transportation system.

Smart transportation system are increasingly being adopted in order to reduce congestion, improve traffic management, and reduce environmental impact of greenhouse gasses emitted by vehicles.
These systems have a range of applications in transportation such as electronic toll collection, ramp meters, traffic light cameras, traffic-signal coordination, transit signal priority, and traveler-information systems. These are also used in fleet monitoring, tolling management, ticket management, telematics and traffic monitoring.
Smart transportation systems aids in improving safety and security and offers real-time information related to traffic and routes and this one of the major drivers for the growth of the market.

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What are the Top Manufaturers of Smart Transportation Market?
Major players operating in the global smart transportation system market are Accenture, Plc, Amano Corporation, Alstom SA, Cisco Systems Inc., Cubic Corporation, Gemalto N.V., Indigo Infra S.A., Inrix Inc., International Business, Machines Corporation (IBM), Kapsch Trafficom GmbH, Msr-traffic GmbH, and Siemens AG.

What are the services and solution of smart transportation market?
Consulting, Integration and Deployment, Maintenance & Support, Integrated Supervision Solution, Traffic Management Solution, Parking Management Solution, Smart Ticketing Solution and Others. (Passenger Information Solution, Insurance Telematics Solution)

What is Driving Growth of Smart Transportation Market?
According to statistics by Organisation Internationale des Constructeurs d'Automobiles, globally, 93,856,388 units of vehicles were sold in 2016, which is 4,171,780 units over 2015 total global sales.

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