Press release
Smart Transportation Market Trends, application, Types and Service
Smart Transportation
Smart transportation is integration of transportation infrastructure with ICT technologies to provide real-time information regarding traffic flow and passengers. It entails efficient management of air, rail, and road transportation, and related infrastructure.
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Market Dynamics:
Drivers:
• Growth in population and rapid urbanization
• Growing number of on-road vehicles coupled with increasing need to manage traffic flow
• Increase in need to reduce greenhouse gas emission
• Increasing adoption of IOT technology
• Favorable government investments and initiatives
Restraints:
• High initial capital expenditure
• Security and privacy concerns
Market Players:
The top players in the global smart transportation market include Cisco System, Inc., Alstom, SA, Xerox Corporation, Accenture PLC, General Electric Company, LG CNS Corporation, Indra Sistema S.A., International Business Machine (IBM) Corporation, Cubic Corporation, The Kapsch Group.
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Key point from table of content
7. Company profiles
7.1. Cisco System, Inc.
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Alstom, SA
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Xerox Corporation
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
MARKET LANDSCAPE
By Solution
• Traffic Management System
• Parking Management System
• Passenger Information System
• Integrated Supervision System
• Ticketing Management System
By Service
• Cloud Services
• Professional Services
• Business Services
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