PUBLISHER: Value Market Research | PRODUCT CODE: 1547841
PUBLISHER: Value Market Research | PRODUCT CODE: 1547841
The global demand for Smart Transportation Market is presumed to reach the market size of nearly USD 355.61 Billion by 2032 from USD 119.8 Billion in 2023 with a CAGR of 12.85% under the study period 2024-2032.
Smart transportation is an effective system which takes advantage of technologies such as the Internet of Things (IoT) and big data analytics to manage traffic and mobility, enhance transport infrastructure, and provide improved interfaces for transport services. The system ensures real-time information about traffic and public transportation conditions, manages public transport and traffic to stay on schedule through an use of digital technologies such as embedded sensors, actuators and other devices that collect and transmit data about real-time network activity.
Growing investment in public infrastructure and smart city project is fuelling the growth of the market. City governments are taking efficient initiatives to make transport more convenient. This is anticipated to fuel the growth of market at a significant pace. Smart transport is making public transport more efficient and accessible and is changing passenger mobility and experience. Smart technology adoption in the transport system is improving the sustainability and daily lives of citizens. Smart transportation has caused competition between different modes of transport, each of which aims to dominate the transportation sector.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Smart Transportation. The growth and trends of Smart Transportation industry provide a holistic approach to this study.
This section of the Smart Transportation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Smart Transportation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Smart Transportation market include Accenture PLC, Alstom, SA, Cisco System Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machines Corporation, Kapsch, LG CNS Corporation, Xerox Holdings Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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