Increasing Number of Vehicles is Leading the Global Smart Transportation Market Growth at of 25.11% CAGR by 2026

Boston, MA, June 26, 2018 (Newswire.com) - Browse 21 market data Tables and 30 Figures spread over 185 Pages along with an in-depth analysis on “Global Smart Transportation Market is segmented by Solutions (Traffic Management Systems, Integrated Supervision Systems, Passenger Information Systems, Ticketing Systems, Parking Management Systems) by Services ( Support & Maintenance, Cloud, Business Analytics) & by Geography.”

This insightful market research report focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across major geographies like North America, Europe, Asia Pacific, and Rest of the World, the report is a valuable asset for the existing players, new entrants, as well as future investors. The study presents a detailed market analysis with inputs derived from industry professionals across the value chain.

Global Smart Transportation Market was valued around $86 billion in 2017 and is anticipated to reach $645 billion by 2026, growing at an estimated CAGR of 25.11% over the forecast period 2018-2026.

clive cooper, Corporate Communications

Smart Transportation Market scenario

Increasing number of vehicles on the urban roads, rising necessity of road safety, growing need for efficient traffic management, growing number of smart city projects, environmental concerns arising from vehicles are fueling the demand for Smart Transportation market.

The global smart transportation market report provides data tables and includes charts and graphs for visual analysis.

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Market Segmentation

On the basis of Solution, the Global Smart Transportation Market is segmented into:

• Traffic Management Systems
• Integrated Supervision Systems
• Passenger Information Systems
• Ticketing Systems
• Parking Management Systems

On the basis of Service, the Global Smart Transportation Market is segmented into:

• Support & Maintenance
• Cloud
• Business Analytics

Report Highlights
- The report provides a detailed analysis of current and future market trends to identify the investment opportunities
- Market forecasts till 2026, using estimated market values as the base numbers
- Key market trends across business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming promising players
- Growth prospects of the emerging nations through 2026

Companies Profiled

-        ACCENTURE, PLC

-        AMANO CORPORATION

-        ALSTOM SA

-        CISCO SYSTEMS INC.

-        CUBIC CORPORATION

-        GEMALTO N.V.

-        INDIGO

-        INRIX INC.

-        INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)

-        KAPSCH TRAFFICOM GMBH

-        MSR-TRAFFIC GMBH

-        NEDAP N.V.

-        ORANGE BUSINESS SERVICES

-        ON TRACK INNOVATIONS (OTI) LTD.

-        Q-FREE ASA

-        SERCO GROUP PLC

-        SIEMENS AG

-        SKIDATA AG

-        SWARCO AG

-        SYNAPT (DIVISION OF PRODAPT)

-        T2 SYSTEMS INC.

-        XEROX CORPORATION

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Source: Inkwood Research