Smart Transportation Market Competitive Analysis and Supply Chain Trends Mapping the Latest Technological Advancements, Forecast 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.
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.
Get Sample Copy at https://www.premiummarketinsights.com/sample/AMR00013129
Investments in smart cities, which are expected to integrate smart transportation, provide numerous opportunities for this market. Moreover, the introduction of a parking management system, which induces various functions to help drivers to locate parking space easily, presents an 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.
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.
Get Exclusive Discount at https://www.premiummarketinsights.com/discount/AMR00013129
Smart Transportation Market Key Segmentation
Hybrid Ticketing Management System
Parking Management & Guidance System
Integrated Supervision System
Traffic Management System
We also can offer customized report to fulfill special requirements of our clients.
Place Direct Purchase order for complete Report at https://www.premiummarketinsights.com/buy/AMR00013129
Name: Sameer Joshi
Email: [email protected]
Organization: Premium Market Insights