This Smart Transportation Market report provides complete analysis of the market on global and regional level. It inspects the development rate and the market value dependent on the market elements and growth initiating factors. The market players are profiled and their improvement strategies are separated so as to manage new participants as well as set up players. It likewise features the top to bottom investigation of different unequivocal parameters. This Smart Transportation Market report also offers various methodologies for boosting the presentation of the organizations.
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
Key vendors operating in the Market:
Some of the major players operating in the 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.
- 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 in the forecast period of 2019 to 2026.
- On the basis of service the market is segmented into professional services and cloud services.Cloud services segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
Focal points covered in this Smart Transportation Market report
- This Smart Transportation Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns. Also it creates a relationship of the market outlook with Porter Five Force Analysis
- This research report is inclusive concept of the market progression. The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.
- The Smart Transportation Market research report includes investigation at global and regional levels. These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market development
- Various Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.
Reasons to Purchase this Report
- Current and future of Smart Transportation Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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