(MENAFN Editorial) iCrowdNewswire - Aug 14, 2017
Smart Transportation Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It's a Database.
The size is expected to grow from USD 72.05 billion in 2016 to USD 220.76 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1% during the period 20162021. The major drivers for an upsurge in demand for the smart transportation market include the rising urban population and demand of integrated security & safety system for transportation. Investment in legacy systems precluding the Return of Investment (ROI) is one the restraining factors that affect the growth of the market.
The passenger information solution is expected to have the largest market share during the forecast period. Passenger information solutions make an important link between commuters and transit service providers. Keeping commuters informed with their current journey information is one of the top most priorities of the transit agencies. Passenger information solutions provide real-time information of the transit services, such as current location, estimated arrival & departure time, and causes for disruption.
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As per the geographic analysis, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The competition in this region is fragmented and smart transportation solution providers are looking at expanding the base of their operations to most of the countries in the region, as a result of business strategic moves, such as improved infrastructure and implementation of various smart city projects. The government in this region is spending heavily on the transport infrastructure and working on PublicPrivate Partnership (PPP) model to ramp up the smart transportation projects.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of the primary discussion participants is given below:
- By Company Type: Tier1 (44%), Tier2 (37%), and Tier3 (19%)
- By Designation: C-Level (65%) and Manager Level (35%)
- By Region: Europe (44%), APAC (18%), North America (33%), and Rest of World (RoW) (5%)
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Key Points From Table Of Content:
10 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
10.2 Alstom SA
10.3 Cisco Systems, Inc.
10.4 Cubic Corporation
10.5 General Electric Company
10.6 International Business Machines Corporation
10.7 Indra Sistemas, S.A.
10.8 Kapsch Trafficcom AG
10.9 LG CNS Co., Ltd.
10.10 Q-Free ASA
10.11 Siemens AG
10.12 Thales Group
10.13 Tomtom International Bv
10.14 WS Atkins PLC
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The global smart transportation market has been segmented on the basis of solution types, services, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition, product portfolio analysis and vendor strategy analysis are some of the other MarketsandMarkets analysis included in the report.
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