Press release
Smart Transportation Market Headed for Growth and Global Expansion by 2022
The use of information technology and artificial intelligence to effectively manage and co-ordinate the transportation refers to the Smart transportation. The smart transportation aims to provide innovative services relating to different modes of transport and traffic management. It enable various users to be better informed and make safer, more coordinated use of transport network. It can be used in various road traffic environments to follow and capture numerous vehicles at the same time in a large scene.
Along with technology development, new adoptions of cloud computing, big data, evolution of wireless network, Machine to Machine (M2M) and Internet of things (IoT) have boosted the smart transportation market. The study indicates that rising demand of integrated security & safety for enhancing public safety is driving the smart transportation market. It has been observed that government is taking initiative to incorporate smart technologies in the existing transportation infrastructure which results in the growth of smart transportation market by the forecast period.
The Smart Transportation market for segment on the basis of Solution and service. The solution segment consists of various solutions as Traffic management, smart ticketing, Parking management, integrated supervision, passenger information solution, and Insurance telematics solution. The smart ticketing integrates online ticketing, onboard ticketing, smart card ticketing, and mobile application ticketing. The smart ticketing solution aims to provide better services to their customers and also minimize fund leakage & fare avoidance situations. The traffic management solution is used in various road traffic environments to follow and capture numerous vehicles at the same time in a large scene and manage the traffic smartly and effectively.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2467
Major Key Players:
Cisco Systems, Inc. (U.S.),
General Electric Company (U.S.),
Alstom SA (France),
Cubic Corporation (U.S.),
Kapsch (Austria),
IBM Corporation (U.S.),
Thales Group (France),
Siemens AG (Germany),
AECOM (U.S.),
Accenture Plc (Ireland),
LG CNS Co. Ltd. (Korea),
TomTom International B.V. (Netherlands)
The Global Smart Transportation Market is expected to grow at USD 273 Billion by 2022, at 24% of CAGR between 2016 and 2022.
Market Segments:
Smart Transportation Market for segment on the basis of Solution and service.
Smart Transportation Market by Solution:
• Traffic management solution
• Smart ticketing solution
• Parking management solution
• Integrated supervision solution
• Passenger information solution
• Insurance telematics solution
Smart Transportation Market by Service
• Consulting Service
• Deployment and Integration
• Support and Maintenance
Regional Analysis:
The regional analysis of Smart Transportation market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid digitization across different industries has driven the market of Smart Transportation in European region. European region is expected to dominate in the Smart Transportation market by the forecast period owing to digital transformation, technological advancements, and increasing adoption of smart connected devices. The study reveals that government initiatives towards smart transportation in the European region are driving the smart transportation market in this region. North America region followed by Europe is expected to grow significantly by the forecast period. Asia-Pacific countries like China, Japan, India and Korea are expected to show a steady growth in the Smart Transportation Market.
For further information on this report, visit @ https://www.marketresearchfuture.com/reports/smart-transportation-market-2467
Intended Audience
• Public transportation authorities
• Networking and Communication Service Providers (CSPs)
• Cloud service providers
• Smart cities stakeholders
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Transport agencies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.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 Headed for Growth and Global Expansion by 2022 here
News-ID: 895514 • Views: …
More Releases from Market Research Future - MRFR
Maritime Freight Transport Market Expected to Hit USD 634.57 Billion by 2034
Maritime freight transport forms the backbone of the trade system. Over 80% of the world's merchandise trade by volume and about 70% by value are carried by sea, underscoring the significance of maritime transport in enabling international commerce. From raw materials and food products to manufactured goods and machinery, maritime freight transport is a cost-effective, energy-efficient, and scalable solution that underpins the modern supply chain.
As trade evolves, so too does…
Healthcare Logistics Market Poised to Growth USD 237.39 Billion by 2034 with Thr …
The healthcare logistics market plays a critical role in the medical ecosystem, ensuring that pharmaceuticals, medical devices, diagnostics, and other essential healthcare products are delivered efficiently, safely, and on time. From cold chain management for vaccines to last-mile delivery of emergency medical supplies, the logistics infrastructure in healthcare determines the accessibility and reliability of health services worldwide.
In recent years, factors such as rising chronic diseases, of pharmaceutical manufacturing, growing demand…
Sustainable Packaging Set to Grow at an Impressive CAGR of 10.30% Through 2030 | …
Sustainable packaging refers to the development and use of packaging solutions that have minimal environmental impact and footprint. It incorporates the use of renewable, recyclable, or biodegradable materials, and designs that reduce waste and energy usage throughout the product lifecycle. As environmental concerns intensify and consumer preferences shift toward eco-friendly alternatives, the sustainable packaging market is experiencing robust growth.
From e-commerce to food and beverage, personal care, pharmaceuticals, and industrial applications,…
USA Pulp and Paper Market Poised to Growth USD 69.33 Billion by 2034
The pulp and paper industry in the United States has long been a cornerstone of the nation's manufacturing sector. From producing writing paper, packaging materials, tissue products, and newsprint to serving industrial and specialty applications, the industry continues to adapt in response to technological advancements, environmental regulations, and changing consumer behaviors.
Although traditionally seen as a mature sector, the USA pulp and paper market is currently undergoing significant transformation. With the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
