The smart transportation market research report gives an extraordinary, first-time market and focused examination of the size, division, competition, patterns and viewpoint in the assembling and supply of smart transportation market. In addition, the report likewise distinguishes and examinations the rising patterns alongside significant drivers, difficulties and openings in the smart transportation market. The report offers a complete examination on smart transportation market, remaining on the readers’ viewpoint, conveying point by point market information and getting experiences. It involves comprehensive significant focuses that essentially influence the development of the market at a worldwide level. It breaks down present situation alongside future patterns in the market.
Global smart transportation market is expected to register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026.
Some of the prominent participants operating in this market are Kapsch Traffic Com, Gemalto NV, Thales Group, Alstom, Schneider Electric, Siemens Ltd., MSR-Traffic, Cubic Corporation, WS ATKINS PLC, Cisco System, Inc., Accenture, IBM, LG CNS, Indigo Group and Toshiba Corporation and others.
The Smart transportation market report is made after a stick point look into and comprehensive examination of the market improvement in various segments that requires hypothetical investigation, innovation based thoughts, and its legitimacy. It breaks down present situation alongside future patterns in the market. The report is made after a stick point inquire about and thorough examination of the market improvement in various segments that requires hypothetical investigation, innovation based thoughts, and its legitimacy.
Segmentation: Global Smart Transportation Market
The Smart transportation market is segmented into four notable segments which are solution, services and transportation
- On the basis of solution, the market is segmented into passenger information solution, traffic management solution, parking management solution, smart ticketing solution, insurance telematics solution and integrated supervision solution. The passenger information solution is sub-segmented into network connectivity and multimedia information & entertainment. The traffic management solution is sub-segmented into route guidance, toll collection & revenue management, smart signaling and predictive traffic analytics. The parking management solution is sub-segmented into ticketing and revenue management, access control, automated parking guidance and slot management.Traffic management solution segment is growing at the highest CAGR of 20.3% in the forecast period of 2019 to 2026.
- Traffic management solution segment to grow with the highest CAGR due to increasing demand for monitor various roadways as well as controlling traffic congestion.
- On the basis of service, the market is segmented into professional services and cloud services. Cloud services segment is growing at the highest CAGR of 20.2% in the forecast period of 2019 to 2026.
- Cloud services segment is expected to grow with the highest CAGR due to increasing demand for managing traffic control with the help of cloud based intelligent transportation systems.
- On the basis of transportation, the market is segmented into roadways, railways, waterways and airways.Airways segment is growing at the highest CAGR of 20.4% in the forecast period of 2019 to 2026.
- Airways segment is expected to grow with the highest CAGR due to growing developments and high usage of smart technologies in areas such as North America, Europe and other regions.
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- In November, Cisco system, Inc delivered business intelligence IoT solution that is beneficial in launching smart city projects.
- In March, Cisco system, Inc. introduced transport network modernization for deploying older transport network and re-engineering network configuration.
- In September, Cisco system, Inc. launched new transportation solution that is beneficial for delivering new passenger services, improve the traffic conditions and provides a safe environment to the users.
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