Global Smart Transportation Market: Emerging Trends, Major Key Player Siemens

According to the report, Global Smart Transportation is expected to be valued at $X Billion by 2028 and is anticipated to grow at a CAGR of more than 22% from 2020 to 2028. The major factor driving the growth of the smart transportation market is the increasing demand for the internet of things (IoT) in transportation. The key players are focusing their research and development activities on building smart transportation systems that can be incorporated into a city’s existing infrastructure.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SMART TRANSPORTATION industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Smart Transportation market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Smart Transportation players holding highest market share include Siemens, IBM and Cisco Systems. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Siemens
• IBM
• Cisco Systems
• GE Transportation
• Xerox Corporation
• Cubic Corporation
• Thales S.A
• Kapsch AG
• Alstom SA.

Segmental Analysis

Market Segment By Solution with focus on market share, consumption trend, and growth rate of SMART TRANSPORTATION Market:
o Ticketing Management System
o Parking Management & Guidance System
o Integrated Supervision System
o Traffic Management System

Market Segment By Service with focus on market share, consumption trend, and growth rate of SMART TRANSPORTATION Market:
o Business
o Professional
o Cloud Services

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Global Smart Transportation Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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