Market Research Future published a research report on “Smart Transportation Market Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India - March 13, 2019 /MarketersMedia/ —

Smart Transportation Market – Overview

The growing integration of artificial intelligence in the transportation sector is increasing the scope for expansion of smart transportation globally. Market reports linked to the semiconductors and electronics industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is anticipated to develop with a 24% CAGR while earning revenues worth USD 273 Billion in the course of the forecast period.

The Smart Transportation Market is increasingly motivated by the rise in urbanization and the rise in purchase of transportation globally. Growth in concepts of Machine to Machine and Internet of things (IoT) in relation to smart transportation are expected to boost the progress of the market considerably. Furthermore, improved awareness of public safety is expected to create novel avenues for the expansion of the smart transportation market in the upcoming period.

Key Players

The prominent players in the Smart Transportation Market are - 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) among others.

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Segmental Analysis

The segmentation of the global smart transportation market is carried out on the basis of solution, service, and regions. Based on solutions, the smart transportation market is segmented into smart ticketing solution, traffic management solution, parking management solution, passenger information solution, integrated supervision solution, and insurance telematics solution. On the basis of service, the smart transportation market is segmented into consulting service, support, and maintenance, deployment, and integration. The regions covered in the smart transportation market are the Americas, Asia Pacific, Europe and the rest of the world.

Detailed Regional Analysis

The analysis of smart transportation market on the basis of regions includes regions such the Asia Pacific, the Americas, Europe and the Rest of the World. The rapid digitization throughout diverse industries has motivated the market of Smart Transportation in the European region. The European region is likely to lead the smart transportation market in the forecast period due to the technological advancements, digital transformation, and growing adoption of smart connected devices. The study divulges that the government initiatives aimed at smart transportation in the European region are motivating the smart transportation market in this region. The North American region follows the European region is anticipated to develop considerably by the forecast period. The countries in the Asia Pacific region such as Japan, India, China, and Korea and are expected to demonstrate stable growth in the smart transportation market in the upcoming period.

Industry Updates:

Mar 2019 The Metropolitan Transportation Commission (MTC) has chosen intelligent transportation systems technology company, Iteris, to make five cities in the San Francisco Bay Area for equipped for future connected and automated vehicle (CAV) technologies. The three-year project supports MTC’s innovative deployments to enhance arterials (Idea) programme, which seeks to enhance and upgrade the intelligent transportation systems (ITS) and enable the persistent improvement of arterial operations.

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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 Us:

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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/smart-transportation-market-2019-global-industry-size-sales-revenue-business-strategy-comprehensive-analysis-opportunities-competitive-landscape-and-regional-forecast-to-2022/491673

Source: MarketersMedia

Release ID: 491673