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Smart Transportation Market Size Worth USD 237,701 million by 2022

The Smart Transportation Market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Big Market Research.

The global smart transportation market size was valued at $63,667 million in 2015, and is projected to reach $237,701 million by 2022, growing at a CAGR of 18.6% from 2016 to 2022. Smart transport consists of intelligent transportation systems (ITSs) that aim to offer innovative and superior services for different modes of transport and traffic management. Use of this system increases the coordination of users and makes them better informed of safer and smarter use of transport networks. Smart transportation is implemented in parking management & guidance, passenger information, and traffic management.

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Investments in smart cities, which are expected to integrate smart transportation, provide numerous opportunities for this market. Moreover, introduction of parking management system, which induces various functions to help drivers to locate parking space easily, presents opportunity for growth. However, large database requirement of a road network and the need for high capital investment, as the existing transport system requires a complete restoration, impedes the market growth.

The smart transportation market is segmented into service, solution, and geography. By service, it is divided into business, professional, and cloud services. The solution segment includes ticketing management system, parking management & guidance system, integrated supervision system, and traffic management system.

Geographically, it is segmented across North America (U.S. and Canada), Europe (UK, Germany, France, and rest of the Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the smart transportation market include Accenture Plc, Siemens, IBM, Cisco Systems, GE Transportation, Xerox Corporation, Cubic Corporation, Thales S.A., Kapsch AG, and Alstom SA.

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KEY BENEFITS FOR STAKEHOLDERS

The report includes an extensive analysis of the factors that drive as well as restrain the global smart transportation market.

The market projections from 2014 to 2022 are included, along with the affecting factors.

The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.

Extensive analysis by vehicle type helps in understanding the various types of smart transportation systems.

Smart Transportation Market Key Segmentation:

By Solution: Hybrid Ticketing Management System, Parking Management & Guidance System, Integrated Supervision System, Traffic Management System

By Service: Business, Professional, Cloud

By Geography: U.S., Canada, Mexico, Italy, Germany, Spain, Romania, China, Japan, India, Lamea, Latin America, Middle East, Africa.

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: SMART TRANSPORTATION MARKET, BY FILTER TYPE

CHAPTER 5: SMART TRANSPORTATION MARKET, BY APPLICATION

CHAPTER 6: SMART TRANSPORTATION MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: SMART TRANSPORTATION MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

Similar Related report:

Global Smart Transportation System Industry Market Research Report

More summary: https://www.bigmarketresearch.com/global-smart-transportation-system-industry-market-research-report-market

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Jena Davydova

Chief editor of review team at The Innovative Reports and Market Research Analyst, Jena is an expert in the area of B2B and SaaS related products. She has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

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