The smart transportation market was $ 80 billion in 2018 and anticipated to reach $ 298 billion by the end of 2023 growing at a CAGR of 22.5 % from 2018-2023.
The Global Smart Transportation Market report 2018 covers deep dive segmentation in every aspect by type, application, end-user and region. The report covers key parameter competitors analysis, product benchmarking, customer analysis, and value chain analysis, pricing analysis, country specific analysis, market trends & forecasts, market entry strategy, new product assessment, new application identification, opportunity analysis.
The transportation industry of an economy is one of the key contributors towards the country’s gross domestic product (GDP).
The key factors such as growing income level, increasing consumer awareness, growing urbanization across the globe, attract this development. However, this growth needs a specific system to create a sustainable growth in the economy in which efficient transportation management plays a key role.
The smart transportation management system is a key solution to provide the efficient and effective solution to the overall transport management.
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The smart transport system enables various users to be more coordinated, better informed, and make safer and smarter use of transport networks. The management basically includes the services such as automated planning, various parking management & guidance, passenger information, and traffic management.
In 2018, European region captured the largest market share in the smart transportation market. The market is mainly driven by the need for better safety and security and integrating intelligent communication systems in the infrastructure, which fuelling its growth, in which in
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The increasing modernization in economy expanded the market of various advanced technologies, where transportation management is also creating its path. The increasing market penetration in developing countries such as China and India would also increase the market potential giving boost to the market growth.
This trend is expected to continue during the forecast period 2018–2023, to further improve the transportation market.
Some of the prominent players in the smart transportation market are Cisco Systems, Hewlett Packard Enterprise, IBM Corporation, Siemens AG, and General Electric, Accenture PLC. , Symantec Corporation, Xerox Corporation, Garmin Ltd, Thales Group, NEC Corporation, Palo Alto Networks, Inc., Juniper Networks, Inc.
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Table of Contents
Smart Transportations, By Type
Factors influencing the demand of Smart Transportations
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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