Press release
Smart Transportation Market Driven Due To Increasing Demand For Smart Networks.
Browse the full Smart Transportation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/smart-transportation-market.html
The report reveals the primary driving force of the global smart transportation market to be the globally growing need for smart services. The number of vehicles on the road is rapidly increasing, creating a heightened chance of traffic congestions. Consequently, most consumers are now demanding smart transportation options that can easily navigate around the roads with the least possible scope of congestion. This is further boosted by a growing demand for safer traveling options in light of the increasing number of traffic accidents around the world. The report also aligns the growth of the global smart transportation market with the emergence of smart cities that can easily facilitate smooth mobility for smart cars.
For simplicity, the report divides the global smart transportation market according to the criteria of solution, service, and region.Among the various solutions on offer in the global smart transportation market, traffic management systems dominated the market. In 2014, the traffic management segment generated almost US$19.4 bn in revenue. The segment leads the global smart transportation market due to a high requirement for solutions that can help reduce road congestions and accidents. Traffic management solutions allow for streamlined tolling and freight management systems. The segment is further propelled by the booming automobile industry, which is recording a high volume of vehicle sales in Europe and North America.
The report’s segmentation according to service reveals cloud services to be the leader in the global smart transportation market. This segment earned US$19.4 bn in 2014, owing to growth in the use of remote data access systems for improved control of transportation across a wider coverage area. The cloud services segment is also expected to be the fastest-growing one in the global smart transportation market, with a CAGR of 18.70% from 2015 to 2021.
For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1401
Geographically, the global smart transportation market is led by Europe in 2015, which will continue to lead the market till 2021. Europe has displayed a high rate of traffic reform while adopting smart transportation and smart city technologies to improve the flow of traffic. This increased rate of technology adoption is possible due to Siemens AG and Alstom AG, two of the largest companies in the global smart transportation market, being located in Europe.In 2014, Europe and North America held a joint market share of over 55% in the global smart transportation market.The key players in the global smart transportation market are Cisco Systems, Siemens AG, Alstom AG, Cubic Corporations, GE Transportation, IBM, and Accenture Plc.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Transportation Market Driven Due To Increasing Demand For Smart Networks. here
News-ID: 563380 • Views: …
More Releases from Transparency Market Research Technology
Vehicle Analytics Market to reach US$10,215.5 mn by 2025 | Key Companies are Agn …
Vehicle analytics can be categorized as solutions implemented on vehicles that helps to gain insights about the vehicles. Vehicle analytics’ application range from the farmers to large scale fleet operators as these help them with a number of benefits like increased safety, faster threat detection, vehicle tracking, and monitoring the driving behavior among others
The advancement in technologies and enhanced safety provided by vehicle analytics are expected to be major drivers…
System Integration Market - Segment which Held the Share of 28.2% of the Total A …
The global system integration market was valued at USD 191.36 billion in 2013 and is expected to reach USD 377.59 billion by 2020, growing at a CAGR of 10.9% during the forecast period from 2014 to 2020. In terms of revenue, North America was the largest regional market for system integration which accounted for 33.0% of the total system integration market in 2013. Asia Pacific is expected to be the…
mHealth Services Market - Global Industry Size, Share, Growth, Trends and Foreca …
mHealth, a fast growing technology-driven service, is expected to change the way health services are delivered worldwide. It involves delivery of healthcare related services to end-users by medium of mobile phones (smartphones). Rising incidences of chronic diseases have elevated the need for accessibility of quality and low cost healthcare services for the masses. The situation has been further aggravated by the declining ratio of healthcare service providers to target population.…
Enterprise Video Content Management Market : Recent Industry Developments and Gr …
A fresh commerce and business study by Transparency Market Research (TMR) has observed that as small and medium enterprises (SMEs) mushroom across the world, the vendors who are ahead of the curve in the global enterprise video content management market will continue to find vast new opportunities, especially when they are willing to expand into the emerging economies in Asia Pacific. For instance, about a year ago, Panopto partnered with…
More Releases for Transportation
Treks Transportation: Premium Transportation Charter Service for Every Need
Treks Transportation offers customized transportation charter services, providing flexibility, comfort, and convenience for business trips, personal travel, and special events with personalized itineraries and private travel experiences.
Transportation charter services have become essential for those seeking customized travel experiences. Whether for business, personal trips, or special events, these services offer unparalleled flexibility, comfort, and convenience. Treks Transportation's transportation charter service is designed to cater to various travel needs, from corporate events…
Barge Logistic Transportation Market Sets the Table for Continued Growth | Kirby …
The latest study released on the global 'Barge Logistic Transportation' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Barge Logistic Transportation' 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.
Get…
Barge Logistics Transportation Market is Booming Worldwide | Kirby, SEACOR, Bouc …
The latest study released on the Global Barge Logistics Transportation Market by AMA Research evaluates market size, trend, and forecast to 2028. The Barge Logistics Transportation 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.
Download…
Air Transportation Market 2028 by Transportation Type, Transportation Mode and G …
Global Air Transportation Market 2028 Report give our customers an exhaustive and top to bottom examination of Air Transportation market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Air Transportation Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, the effect…
Student Transportation Service Market Is Booming Worldwide | Dean Transportation …
Student Transportation Service Market: The extensive research on Student Transportation Service Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Student Transportation Service Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as…
Student Transportation Service Market | Global and Regional Analysis and Forecas …
Student Transportation Service Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Student Transportation Service market across the globe, including valuable facts and figures. Student Transportation Service Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production…
