Smart transportation offers tools for ticketing, fare collection, passenger information, traffic estimation, data analytics, and decision support.
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Smart transportation market 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.
Use of advanced equipment such as RFID tags and readers, CCTV cameras, GPS, and advanced sensors and control systems offer monitoring and control of traffic around cities, while enabling passengers to make informed decisions regarding transportation requirements.
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Based on solution, the market is divided into traffic management system, parking management system, passenger information system, integrated supervision system, and ticketing management system. According to services, the market is categorized into cloud services, professional services, and business services.
Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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
High initial capital expenditure
Security and privacy concerns
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.
o Traffic Management System
o Parking Management System
o Passenger Information System
o Integrated Supervision System
o Ticketing Management System
o Cloud Services
o Professional Services
o Business Services
- North America
o Rest Of Europe
o South Korea
o Saudi Arabia
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