According to a new report published by Reports Monitor titled, “Global Smart Transportation Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Smart Transportation Market is rapidly growing from 2018 to 2025.
Smart Transportation also referred as intelligent transportation system refers to the integration of modern technologies such as artificial intelligence, machine-to-machine communications and others in the surface transportation system.
Growing urban populations has resulted in increased count of vehicles, hence resulting in traffic issues. This has assisted the demand for efficient transportation system hence propelling the market growth. Favorable policies and initiatives adopted by government in the improvement of transport infrastructure also support the growth of smart transportation market. However, high initial investment and long downtime is significantly hampering the market growth.
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The Smart Transportation market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.
The global smart transportation market is majorly segmented on the basis of solution and services. Based on the solution, market is bifurcated into: Hybrid Ticketing Management System, Parking Management & Guidance System, Integrated Supervision System, and Traffic Management System, while on the basis of services market is segmented into: consulting, deployment and integration and maintenance.
Global Smart Transportation market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Immense investment in the transport infrastructure by public sector and presence of prominent players majorly influences the growth of North America and Europe. Increasing urban population coupled with expansion in IT sector majorly influence the growth of Asia Pacific regions.
The key industry participants in the market are: Accenture Plc, Siemens, IBM, Cisco Systems, GE Transportation, Xerox Corporation, Cubic Corporation, Thales S.A., Kapsch AG, Alstom SA, LG CNS Corporation, Indra Sistema S.A., Iteris Inc., TomTom NV, Garmin International Inc., and Q-Free ASA.
In-depth table of contents for this report @ https://goo.gl/qz6A7n
The study for Smart Transportation Market Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
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