Global smart transportation market report is the superior and comprehensive which endows professionals with a lot of aspects about the market and the ABC industry. Innovative and superlative solutions are always in demand by today’s businesses to thrive in this rapidly changing marketplace. This detailed report focuses on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. To provide an absolute background analysis of the industry, this report includes an evaluation of the parental market. This Global smart transportation market report also presents an exhaustive overview of product specification, product type, technology, and production analysis. Global smart transportation market is expected to register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026.
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The Smart Transportation is one of the most crucial and equipped with ITS (Intelligent Transportation System) based applications. It is connected wirelessly with Internet of Things (IoT) vertical technology. The main purpose is to collect data and controlling the real-time conditions, to improve performance and others. The smart sensor offers a wide range of applications in road transport including infrastructure, traffic management, mobility management, car navigation, container management systems, automatic number plate recognition and security CCTV systems applications.
Global Smart Transportation Market, By Solution (Traffic Management Solution, Passenger Information Solution, Smart Ticketing Solution, Parking Management Solution, Integrated Supervision Solution, Insurance Telematics Solution), Service (Cloud Services, Professional Services), Transportation Mode (Roadways, Railways, Airways, Waterways), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Industry Trends and Forecast 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.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Industry Insights
Technological and innovation landscape
Smart Transportation Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers sample on the size, offer, and development rate of the market. The Smart Transportation report provides the complete structure and fundamental overview of the industry market.
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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.
The current trend pertaining to the demand supply and sales together with the recent developments have been given here to provide an exhaustive picture of this market. It also allows voluntarily accessible affordable reports of the research that is the end result of the personalized research carried by the internal team of professionals.
To comprehend Global Smart Transportation market dynamics in the world mainly, the worldwide Smart Transportation market is analyzed across major global regions.
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
- 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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