openPR Logo
Press release

Demand For Global Smart Transportation Market: Ken Research

11-19-2021 05:55 AM CET | Logistics & Transport

Press release from: Ken Research

Demand For Global Smart Transportation Market: Ken Research

Smart transportation is considered as the direct application of IoT abilities, and hence indicates the combined application of advanced technologies and management policies in the transportation networks. Such technologies are envisioned at recommending advanced services linked with countless means of transport and traffic management. It supports the users in being better briefed and makes safer and better usage of transport systems. Smart transportation is an advanced methodology to offer and design roadways, which will propose the better and safe transport solutions as equal to traditional transport networks.

Currently, most of the cities across the globe are tackling countless transportation systems issues, such as unproductive traffic management systems, parking issues, poor road conditions, and several others. A smart transportation system is helping to knock down these issues, due to its characteristics such as synchronization between vehicle and roadside definite locations which will propose the data regarding road conditions, traffic details, and parking expertise data. Furthermore, a smart transportation system proposes added aids, like dropped propel the utilization, accident alleviation, and talented management of emergency services.

According to the report analysis, ‘Global Smart Transportation Market - By Product Type (Advanced Transportation Management Systems, Advanced Transportation Pricing Systems and Advanced Public Transportation Systems); By Transportation Mode (Roadways, Railways, Airways and Maritime); By Solution {Software (Telematics, Parking Management, Smart Ticketing Solution, Ticket Management, Traffic Management, Security & Surveillance, Passenger Information System) and Services (Business Services, Professional Services, Cloud Services, Training & Consulting Services, Integration Services) Fore’ states that the market is predicted to grow on the back of growing technological innovations to improve the customer experience. The growth of the smart transportation market is pushed by the time-and-fuel-saving competence of this infrastructure.

Inspiring government schemes, such as EU Directive on ITS, to function road traffic proficiently, has a foremost role in motivating the development of the globally smart transportation market. Furthermore, smart transportation systems can convey improved safety and security by integrating intelligent communication programs in the set-up, thus, improving the market growth. ITS also assists the growth and advancement of substitute green propels like natural gas and biodiesel. Nevertheless, the requirement for high capital investment, due to the complete renovation of the current transport system, and enormous database requisite of the road network, which may not be realizable in underdeveloped regions, restrain market size.
Click here to Request for Sample Report@ https://www.kenresearch.com/sample-report.php?Frmdetails=NDAxNDUz

Region wise, Europe is observed to constitute xx% of the total market share during the year 2019. The region is the most broadminded region on the basis of technological implementation and structural growth. It is one of the greatest sponsors of the smart transportation market. The European regions have been spending majorly in the renovation and advancement of rail architecture. Social and trade contracts around the European Union (EU) regions have inspired large-scale, cross-border trade and passenger traffic around Europe. High growth is predicted in the region, mainly in the communication technology, as the European Telecommunications Standards Institute (ETSI) has built a distinct board to importance on Machine-to-Machine (M2M) communication confidentiality regulation and high trading criteria.

For More Information on the Research Report, refer to below links: -
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/smart-transportation-market/401453-100.html

Related Report: -
https://www.kenresearch.com/technology-and-telecom/it-and-ites/smart-transportation-market/234835-105.html

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies.

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 Demand For Global Smart Transportation Market: Ken Research here

News-ID: 2467320 • Views: 354

More Releases from Ken Research

Asia Pacific Digital Manufacturing Market 2021-2031 Research Report by Component …
According to our research analysis, Asia Pacific digital manufacturing market 2021-2031 will grow by 16.8% annually with a total addressable market cap of USD 1,196.3 billion over 2022-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the
Europe Digital Manufacturing Market 2021-2031 Research Report by Size, Share, Gr …
According to our research analysis, Europe digital manufacturing market 2021-2031 was valued at USD 50.7 million in 2021 and will grow by 13.5% annually over 2021-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the increasing adoption
Kuwait Logistics and Warehousing Market Research Report, Size, Share, Growth, Tr …
The growth of freight forwarding in Kuwait was assisted by development in key industries such as oil and gas, manufacturing, retail, wholesale, construction, agriculture and mining. The Kuwait market observed the entry of several foreign players as flexible policies were introduced by the government to boost the economic growth of the region. Sea (Inland Waterway and maritime) registered in freight movement in freight forwarding market in 2017 owing to
Kuwait Education Market Research Report 2022, Size, Share, Growth, Demand, Futur …
Kuwait's education market is in its growth stage. Transformations and overhauls brought in the complete education curriculum through government interventions & subsidies extended has been a key market assistance parameter. The two key organizations that oversee the functions of this sector in Kuwait are the Ministry of Education and the Ministry of Higher Education. The education market in Kuwait has dominated a revenue growth close to close to 6% throughout 2012-2017.

All 5 Releases


More Releases for Transportation

Non-Emergency Medical Transportation Market By Service Type Private Pay Patient …
A Latest intelligence report published by The Insight Partners with title “Non-Emergency Medical Transportation Market Outlook to 2027. A detailed study accumulated to offer Latest insights about acute features of the Non-Emergency Medical Transportation market. This report provides a detailed overview of key factors in the Non-Emergency Medical Transportation Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these
Student Transportation Service Market to Watch: Spotlight on Dean Transportation …
Latest released research study on COVID-19 Outbreak- Student Transportation Service Market delivers volume and values at regional and company levels considering slowdown due to COVID across the globe. From a global perspective, the report analyzes historical data and future prospects to represent the total COVID-19 Outbreak-Global Student Transportation Service Market size broken down by various segments (type and application) and by highest potential and emerging countries. Some of the players
Transportation Aggregators Market
Transportation Aggregators Market research report includes the present situation and growth rate for the forecast period 2025. The global report sums up by providing the estimated development of Transportation Aggregators industry in near future. It also involves driving factors that boosts the market. Besides, it includes competitive players in the market along with their market share. You can get a sample copy of this report: https://www.orianresearch.com/request-sample/1437741 Market Overview The Transportation Aggregators market revenue
Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Transportation Analytics Market - Optimization in the Transportation & Logistics …
With rapid technological advancements, there is need for efficient transportation. Inefficient transportation difficulties are expensive as well as time consuming. The major concern is in building the infrastructure for transportation such as roads, highways, and railway tracks. This is because manufacturing a car is less time consuming than construction of roads, tracks etc. Rising population and the migration of people from rural areas to the metros is responsible for traffic
Global Intermodal Freight Transportation Market 2017 Knight Transportation, Swif …
Intermodal Freight Transportation Market 2017 A market study based on the Intermodal Freight Transportation Market 2017 inspects the execution of the Intermodal Freight Transportation advertise, encasing a top to bottom judgment of the Intermodal Freight Transportation showcase state and the aggressive scene comprehensively. This report breaks down the capability of Intermodal Freight Transportation market in the present and in addition the future prospects from different points in detail. The Global Intermodal