Smart
transportation uses information technology and artificial
intelligence to efficiently manage and coordinate transportation
systems. The application of smart transportation network allows the
travelling population to have better knowledge of the traffic for
better coordination. In addition, the use of smart transportation
also ensures safety for the drivers. The market is experiencing
growth due to their increasing demand across all geographic
locations.
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the full Smart Transportation Market report at
http://www.transparencymarketresearch.com/smart-transportation-market.html
The
global smart transportation market is expected to grow significantly
during the forecast period. The market is primarily being driven due
to the rising demand for efficient transportation networks across the
globe. In addition, the growth in sale of automobiles is resulting in
traffic congestion. This in return is creating the demand for smart
transportation market. Furthermore, the application of smart
transportation systems ensures safety of the drivers. The rising
awareness for safety is ensuring the need for better road safety
standards which fuelling the need for smart transportation systems.
Various governments such as the UK government have shown their
interest to implement smart transportation networks across their
countries. Moreover, the emerging idea of building smart cities is
also creating an opportunity for the smart transportation market. In
addition, the application of smart transportation also ensures better
parking management by coordinating with the drivers and helping them
to easily locate the parking spaces.
However,
the high installation cost is acting as a restraint for the market.
Moreover the use of smart transportation requires a large database of
road networks which may not be available with the developing nations.
This is acting as a restraint for the market. Currently, Europe has
the largest market share in the smart transportation market and Asia
Pacific is expected to be fastest growing region during the forecast
period. By solutions, traffic management is expected to dominate the
market during the forecast period. The reason is attributed to the
growing traffic congestion which is aiding to demand for smart
tolling systems and freight management services. By services, the
cloud based services will be dominating the market during the
forecast period.
The
global smart transportation market report has been analyzed and
estimated in terms of revenue (USD Billion) from 2015 to 2021. In
addition, we have covered the drivers and the restrains effecting
smart transportation market and its impact over the forecast period.
Furthermore, the future opportunities affecting the market have also
been discussed.
The
region segmentation for the smart transportation market has been done
by North America, Europe, Asia Pacific and Rest of the World (RoW),
and these have been estimated in terms of revenue (USD billion). In
addition, the report segments the market based on the solutions,
which include ticketing management systems, parking management
systems, integrated supervisory systems and traffic management
systems. The smart transportation system can also be segmented by
services. It segments the market on the basis of services as cloud
services, business services and professional services. All these
segments have also been estimated on the basis of geography in terms
of revenue (USD billion).
For
better understanding of the smart transportation market, we have
provided with a key trend analysis for the segments. In addition, the
market attractiveness has also been provided to give a better
understanding of the various segments globally. Furthermore, the
global market share of the key industry players has also been
discussed for a better study of the current trends in the market.
Furthermore,
the report also provides the profiles of the leading players on the
basis of their company overview, financial overview, key
developments, historical roadmap and business strategies adopted by
the players in the smart transportation market. The major players
profiled in the report include: Accenture Plc, Seimens, IBM, Cubic
Corporation, GE Transportation and LG CNS among others.
Smart
Transportation Market: By geography
North America
Europe
Asia Pacific
Rest of the World
Smart
Transportation Market: By Solutions
Ticketing management system
Parking management system
Integrated supervisory system
Traffic management system
Proximity
and displacement sensors Market: By Services
Cloud services
Business services
Professional services
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
North America
Europe
Asia Pacific (APAC)
Rest of the World (RoW)
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the free sample report of Smart Transportation Market at
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