Chicago, IL -- (SBWIRE) -- 08/25/2017 -- Connected cars facilitate connectivity on wheels offering comfort, convenience, performance, safety, and security combined with powerful network technology. This enables the driver to connect with online platforms and facilitates real-time communication on the go. Rising consumer demands, the need for constant connectivity, increased dependency on technology and the growing number of tech-savvy people account for the growth of this market. Over time, various connectivity solutions have been developed by the car manufacturers and service providers, such as the Machine-to-Machine connectivity platform. This Machine-to-Machine feature in a car enables interconnectivity between two connected cars. Numerous sensors and processors located in the car provide accurate and real-time information to the driver. The connected cars market report covers automobiles including commercial vehicles and cars with internet technologies, thereby giving a brief automobile industry analysis too.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Smart Transportation Market. The scope of this report covers the Smart Transportation Market by its major segments, which include the types, applications, and the major geographic regions.

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MARKET SEGMENTATION

This report analyzes the smart transportation market by the following segments:

Smart Transportation Market, By solution

1. Ticketing management solution
2. Parking management and guidance system
3. Passenger information system
4. Integrated supervisory system
5. Traffic management system

Smart Transportation Market, by Service

1. Business services
2. Cloud services
3. Professional services

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