Pune, India -- (SBWire) -- 01/17/2019 --Smart Transportation market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Smart Transportation market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market.
The Smart Transportation market was valued at USD 67.15 billion in 2017 and is expected to reach a market value of USD 189.28 billion by 2023, registering a CAGR of 18.68% during the forecast period (2018 – 2023).
Global Smart Transportation market provides up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
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Smart Transportation Market Regional Segment Analysis (Regional Consumption Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):
US, Canada, Russia, Norway, UK, Germany, China, Australia, Japan, India, Brazil, Mexico, Argentina.
Smart Transportation Market Include the Following Manufacturers Based on Smart Transportation Sales, Revenue, Price and Gross Margin.
Cisco Systems Inc., Agt International, Ibm Corporation, Logica (Cmg), Oracle Corporation, Hitachi Inc., Schneider Inc., Sap Se, Siemens Corporation, Orange Inc., Ertico-Its, Gsm Association.
Market Dynamics of Smart Transportation Market:
Factors Driving the Market
-Rise of Urbanization and Megacities and Increasing Population
-Government Initiatives
Factors Restraining the Market
-initial Capital Expenditure
Key Developments in the Market:
- January 2018: Ericsson will provide its Connected Urban Transport solution for the City of Dallas' Advanced Traffic Management System. The solution is designed to ease traffic congestion by the use of an interface to automate and facilitate systems monitoring, performance monitoring, management, and maintenance, with the ability to share data across cities and countries. The solution is expected to allow the City of Dallas to expand its knowledge about traffic issues and assist with operational decision making to improve traffic flow.
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Most Important Types of Smart Transportation Market:
-Advanced Traveler Information Systems
-Advanced Transportation Management Systems (ATMS)
-Advanced Transportation Pricing Systems (ATPS)
-Advanced Public Transportation Systems (APTS)
-Cooperative Vehicle Systems
-Most Important Applications of Smart Transportation Market:
Traffic Management:
-Road safety and security
-Freight
-Environment protection
-Public transport
-Automotive telematics
-Parking Management
-Road user charging
Research objectives of Smart Transportation Market Report are:
- To analyze the global Smart Transportation market consumption by key regions, product type and application.
- To understand the structure of Smart Transportation market by identifying its various sub segments.
- Focuses on the global Smart Transportation manufacturers, to analyze the sales volume, value, market share, market competition landscape, and development plans during forecast year.
- To analyze the Smart Transportation with respect to individual growth trends, future prospects, and their contribution to the market.
- To share detailed information about the key features influencing the growth of the market.
- To measure the consumption of Smart Transportation submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive growths such as expansions, agreements, new product launches, and acquisitions in the market.
- To analyze the key players and comprehensively analyze their growth strategies.
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Global Smart Transportation Market Report 2018 Estimated to Growth Rate in 2023