Press release
Smart Transportation Market is expected to reach USD 275.14 billion by 2030 : Cognitive Market Research
Smart Transportation Market is expected to reach USD 275.14 billion by 2030 : Cognitive Market Research
- Smart transportation is the use of new and emerging technologies to optimize the efficiency, safety, and sustainability of transportation systems. It includes technologies such as real-time traffic monitoring, predictive maintenance for vehicles, intelligent transportation systems, and connected and autonomous vehicles. The goal of smart transportation is to create a seamless, integrated, and efficient transportation network that reduces congestion, improves mobility, and reduces the environmental impact of transportation.
Summary:
- The Global Smart Transportation Market is projected to grow at a CAGR of 12.7% during the forecast period of 2022-2029. APAC accounted for the largest market share in the Global Smart Transportation Market.
To know more The Smart Transportation Market statistics click here : https://www.cognitivemarketresearch.com/smart-transportation-market-report
Market Dynamics:
- The growing government focus on improving infrastructure, improving safety by reducing the risk of accidents, and improving emergency response times are major factors expected to support the market growth. Increasing traffic congestion across emerging and populated countries, and is becoming a major problem in many cities due to the increasing number of vehicles on the road, leading to increased demand for smart transportation solutions. It helps to get rapid visibility and notifications for trouble spots or city-wide issues affecting congestion on roads, public safety, and emergency response systems, it helps to communicate effectively with other agencies and emergency responders. Moreover, increasing investments in smart city solutions and increasing adoption of smart city initiatives by government authorities have led to accelerating market growth.
Market Segmentation:
- Solution Type
The parking management system holds a major share of the smart transportation market and is expected to grow at the fastest rate. This is attributed to the increasing number of vehicles, and growing urbanization which is expected to drive market growth.
• Ticketing Management System
• Parking Management System
• Integrated Supervision System
• Traffic Management System
- Service
The cloud service is expected to grow at the fastest rate during the forecast period, owing to the increasing demand for cloud-based solutions to better manage data and storage.
• Cloud Services
• Business Services
• Professional Services
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Regional Analysis:
- Asia Pacific is a leading region of the Smart Transportation market.
The APAC market is expected to hold the highest growth rate during the forecast period owing to the increasing need for better transportation, increasing traffic congestion, and growing concerns about the environmental impact of transportation are some of the key factors driving the growth of the smart transportation market in APAC.
News:
• accen-ture acquired MacGregor Partners to expand its supply chain network and fulfilment capabilities.
In September 2022, The Company has acquired MacGregor Partners, a provider specializing in intelligent logistics and warehouse management. The acquisition expands it's supply chain network and fulfilment transformation capabilities powered by Blue Yonder technology.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart Transportation Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Smart Transportation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Smart Transportation Market by Type Segmentation Analysis (2018-2030)
• 8.1 Detailed Qualitative Analysis
• 8.2 Global Smart Transportation Revenue and Share (%) by Type (2018-2030)
8.2.1 Roadways
8.2.1.1 Global Roadways Market Share and Revenue (USD Million) for 2018-2030
8.2.2 Railways
8.2.2.1 Global Railways Market Share and Revenue (USD Million) for 2018-2030
8.2.3 Airways
8.2.3.1 Global Airways Market Share and Revenue (USD Million) for 2018-2030
8.2.4 Maritime
8.2.4.1 Global Maritime Market Share and Revenue (USD Million) for 2018-2030
Chapter 9 Global Smart Transportation Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Transportation Market Regional Analysis
Chapter 11 North America Smart Transportation Market Outlook (2018 - 2030)
Chapter 12 Europe Smart Transportation Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Smart Transportation Market Outlook (2018 - 2030)
Chapter 14 Latin America Smart Transportation Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Smart Transportation Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Smart Transportation Market TOC click here : https://www.cognitivemarketresearch.com/smart-transportation-market-report#table_of_contents
Related Markets:
• Intelligent Transportation System Market : https://www.cognitivemarketresearch.com/intelligent-transportation-system-market-report
• Transportation Management Systems Market : https://www.cognitivemarketresearch.com/transportation-management-systems-market-report
• On-Demand Transportation Market : https://www.cognitivemarketresearch.com/on-demand-transportation-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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