The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
The latest report by IMARC, titled “ SmartTransportationMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast 2023-2028
” finds that the global smart transportation market reached a value of US$ 96.1 Billion in 2022.
Smart transportation refers to the integration of advanced infrastructure and management strategies into existing transportation systems. It possesses various applications, including passenger information, parking management and guidance, and traffic management.
This is done through improved infrastructures, implementation of schemes to offer mobility services, and legislative provisions toward sustainable fuels for public transport. In recent years, smart transportation has gained momentum as it provides residents with affordable, convenient, and reliable ways of commuting.
Request Free Sample Report: https://www.imarcgroup.com/smart-transportation-market/requestsample
One of the primary factors driving the market is the exponentially rising use of the Internet of Things (IoT) devices, 5G communication technology, and machine learning (ML). Additionally, the introduction of cloud-based technologies and renovations in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) is creating a positive market outlook. Other than this, the demand for efficient transportation with technological advancements is constantly rising, thereby positively influencing the market growth. Besides this, governments of various nations are focusing on minimizing greenhouse emissions and curbing high levels of traffic congestion. This is contributing to the market as smart transportation assists in using more informed, coordinated, safer, and smart transportation networks.
Furthermore, with the rising working population, expanding disposable incomes and improving living standards of the masses, there has been a surge in the sales of automotive vehicles. This, along with the introduction of innovative features in automobiles, including safe design, high performance, sustainable fuels, and adherence to the latest norms. Looking forward, IMARC Group expects the market value to reach US$ 184.7 Billion by 2028, expanding at a CAGR of 12% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
SolutionInsights:
• Hybrid Ticketing Management System
• Parking Management and Guidance System
• Integrated Supervision System
• Traffic Management System
• Others
ServicesInsights:
• Business Services
• Professional Services
• Cloud Services
TransportationModeInsights:
• Roadways
• Railways
• Airways
• Maritime
ApplicationInsights:
• Mobility as a Service
• Public Transport
• Transit Hubs
• Connected Cars
• Video Management
• Others
RegionalInsights:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
CompetitiveLandscapewithKeyPlayers:
• Accenture plc
• Alstom SA
• Bentley Systems Incorporated
• Cisco Systems Inc.
• Cubic Corporation
• General Electric Company
• Indra Sistemas S.A.
• International Business Machines Corporation
• Kapsch Aktiengesellschaft
• Siemens AG
• Thales Group
• Xerox Corporation
ViewFullReportwithTOC&ListofFigure:
https://www.imarcgroup.com/smart-transportation-market
We are the trusted business partners to the world's leading corporates, governments, and institutions
We are the trusted business partners to the world's leading corporates, governments, and institutions
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
