Smart Transportation Market is set for Rapid Growth and Demand by 2027 | Cubic, Cisco, Alstom

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.

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Leading players: 

Siemens AG, Cubic Corporation, IBM, Cisco Systems, Xerox Corporation, General Electric Company, LG CNS, Thales Group, and Alstom SA

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.

Key Highlights of the Report:

- Growth Opportunities in the global Smart Transportation Market across major regions during the forecast period.

- Role of emerging markets in the global Smart Transportation Market and the scenario during 2020-2027.

- Technological and product developments that influence the growth of the market.

- New trends and advancements in the global Smart Transportation Market.

- Insight on various product types and their respective market shares in the overall market.

Impact of Covid-19: Global Smart Transportation Market

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The end users/applications and product categories analysis:

On the basis of Transportation Mode, this report covers; Roadways, Railways, Airways, and Maritime. 

On the basis of the Solutions, this report focuses on Smart Ticketing, PIS, Freight Management.

Regional Analysis:

The report offers an in-depth assessment of the growth and other aspects of the Smart Transportation market in important countries (regions) including:

North America (USA, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia)

Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Which market factors are accounted for in the Smart Transportation report?

-Key Strategic Developments: This study also includes key strategic developments of the market, including R&D, new product launches, M&A, contracts, collaborations, partnerships, joint ventures, and regional growth of key competitors operating in the global marketplace. regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin . . Additionally, the study offers a comprehensive study of key market dynamics and latest trends along with relevant market segments and sub-segments.

-Analytical Tools: The Global Smart Transportation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and return on investment analysis have been used to analyze the growth of the key players operating in the market.

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.

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