The smart transportation market is expected to reach USD 260.48 Billion by 2026, according to a new report by Reports and Data.
— The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for smart transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally. Also, smart transportation systems can render more reliable safety and security by combining intelligent communication systems in the infrastructure, thus boosting the market growth. The market in the North America region accounted for the second largest share of 30.3% of the market in 2018. Smart transportation IoT solutions increased with smart city solutions allow government organizations and their partners to create more reliable, effective transport infrastructure in cities by enhancing community sources and transportation for everyone.
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Key players mentioned in the research report are:
Siemens AG, Thales Group, Cubic Corporation, General Electric Company, Accenture PLC, Cisco Systems, IBM Corporation, Inc. Trapeze Software, TransCore Inc., and WS Atkins.
In terms of applications, the global Smart Transportation market can be segmented into:
In terms of Deployment, the global Smart Transportation market can be segmented into:
The Smart Transportation Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Smart Transportation Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Key coverage of the report:
• Detailed overview of Smart Transportation Market
• In-depth analysis of the changing Smart Transportation Market dynamics
• Market segmentation by type, application, region, etc.
• Historical, current, and projected Smart Transportation Market size in terms of both volume and value
• Latest industry trends and technological developments
• Competitive landscape of the global Smart Transportation Market
• Key strategies of major players
• Potential segments/regions exhibiting promising growth opportunities
Reasons to buy the report:
• Extensive analysis of the market on both global and regional levels.
• Major changes in the competitive landscape.
• Segmentation on the basis of type, application, geography, and others.
• Historical and future market forecast in terms of size, share, growth, volume & sales.
• Key changes in the market’s overall dynamics & developments.
• Industry size & share analysis along with growth trends.
• New emerging segments and regions.
• Prevalent business strategies by key market players.
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This research report delivers a 360 overview of the competitive landscape of the Global Smart Transportation Market. Furthermore, it includes massive data regarding the latest trends, technological advancements, and methodologies. The study analyzes the Global Smart Transportation Market in a detailed and extensive manner for the readers to gain better insights.
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