Smart Transportation System Market to Scale New Heights as Market Players Focus on Innovations 2024-2030

The latest study released on the global 'Smart Transportation System' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Smart Transportation System' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Alstom SA (France), Cisco System Inc. (United States), GE Transportation (United States), IBM Corp. (United States), Indra Sistemas SA (Spain), Kapsch TrafficCom AG (Austria), Schneider Electric Co. (France), Siemens AG (Germany), Thales Group (France),
Smart transportation system is defined as the technology, application or platform, which provide innovative services involving different modes of transport & traffic management. Various advantages of using a smart transportation system such as how much time taken to reach a particular destination, information regarding daily commuters about public buses & timings, checking seat availability in bus & train, the density of passengers inside the bus, prior information about traffic, among others.

In September 2018, the BYD Auto Co., Ltd. (China) Company has launched an open source platform for smart transportation. Therefore, this launch will help with the company to the increased product portfolio
In December 2018, the Unlimit Powered (India) Company has Launched AIS-140 GPS system for connected vehicles. It will increased product portfolio of the company in the future.
In December 2018, the Reliance group company has launched a GPS system for public transport. Hence, this will, in turn, propel the growth of smart transportation system market.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Smart Transportation System Market various segments and emerging territory.

Influencing Market Trend
• Increasing Concerns toward Protecting Environment with Eco-friendly Automobile Technology
Market Drivers
• Increasing Concerns Related to Public Safety
• Increasing Traffic Congestion Problems such as Rising Number of Vehicles and Insufficient Infrastructure
• Auspicious Initiatives Taken By Government for Effective Traffic Management
• Development of Smart Cities across the World
Opportunities:
• Designing and Developing Smart Vehicles Compatible With ITS
• Increasing Public-Private Partnerships (PPPs)
• Increasing Number of Economically and Technologically Developing Countries
Challenges:
• Achieving Interoperable and Standard ITS Architecture
• Lack of Skilled Personnel in order to handle the Smart Transportation System

Analysis by Application (Residential Area, Commercial, Public Facility, Others), Services (Business, Professional, Cloud Service), Solutions (Ticketing Management System, Parking Management & Guidance System, Integrated Supervision System, Traffic Management System)

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The regional analysis of Global Smart Transportation System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

In January 2019, the Cisco System Inc. (United States) Company has announced to acquire Singularity Networks, Inc. (United States) Company, which is a privately-held network infrastructure analytics company. Therefore, this acquisition will help in strengthening the position of the company in the future.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/2489-global-smart-transportation-system-market-2?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Smart Transportation System market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Smart Transportation System market.

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AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
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This release was published on openPR.