Press release
Smart Transportation Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026
The Smart Transportation Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Smart Transportation market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Smart Transportation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Transportation market.The smart transportation market is expected to reach USD 311 billion by 2026, at a CAGR of 18.68% over the forecast period (2021-2026).
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Top Leading Companies of Smart Transportation Market are - Cisco Systems Inc., SAP SE, IBM Corporation, AVEVA Group PLC, Siemens Corporation, Oracle Corporation, AGT International, Advantech Co. Ltd, Orange Business Services, ERTICO-ITS, Hitachi Inc. and others.
Industry News and Updates:
- April 2019 - Cisco and Dimension Data announced a new co-innovation agreement, to develop a deeper collaboration environment and framework to jointly solve clients’ business needs.
- March 2019 - Siemens upgraded its smart transportation product portfolio. The new eHighway system, according to the company, is twice as efficient as conventional internal combustion engines. This Siemens Mobility innovation supplies trucks with power from an overhead contact line.
Key Market Trends:
Rise in Urbanization, Increasing Mega Cities, and Population
- More than half the world’s urban population resides in Asia, where some countries, like India and China, already have about a billion people living in cities alone. The other regions with relatively high urban populations are North America, Europe, and Africa.
- Increasing urbanization is an indication of the rising complexities in the cities across the world, with transportation requirements being one of those issues. Resolving these complexities is one of the major challenges faced by the transportation markets across these regions.
Europe Holds the Largest Share due to Government Support
- Approximately 233 million connected cars are expected to be on roads by 2020, globally. Europe is expected to hold the majority share in the production of connected cars, during the forecast period. The connected car market is expected to increase four-fold in 2020, compared to the current market state. Connected technologies in the automotive sector may boost the smart solutions market in the transportation sector.
- Moreover, urban transportation is becoming essential for a better quality of life for citizens in any city. Currently, in most European cities, private and public road transportation are essential for everyday commuting.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Transportation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Transportation Market (%),2016 - 2026
- Smart Transportation Market Share, By Brand
- Smart Transportation Market Share, By Company
- Smart Transportation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Transportation Market Value Analysis & Forecast
- Promising Smart Transportation Development by Major Companies
- Detailed Smart Transportation Portfolio of the Major Companies
- Major Deals in the Smart Transportation Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591673/smart-transportation-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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