Smart transportation is a technologically advanced transportation system that uses IT to improve roadway, railway, airway, and marine transport networks. The increasing number of vehicles on the road has forced governments to focus on road transportation. Therefore, this report focuses on smart transportation applications for roadways. These applications are highly effective in communicating traffic and navigation-related information to vehicle drivers and travelers. TechNavio's analysts forecast the Global Smart Transportation market will grow at a CAGR of 18.35 percent over the period 2013-2018.
Covered in this Report
The Global Smart Transportation market can be divided into two segments: Solutions and Services. The solutions and services offered by the vendors can help in making the transportation systems automatic and thereby help government and private service providers to provide a fast and efficient service to customers. TechNavio's report, the Smart Transportation Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, the EMEA region, the APAC region, and Latin America; it also covers the Global Smart Transportation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions
• North America • EMEA • APAC • Latin America
Key Vendors
• Accenture plc • Alstom SA • Cisco System Inc. • GE Transportation • IBM Corp. • Indra Sistemas SA • Kapsch TrafficCom AG • Schneider Electric Co. • Siemens AG • Thales Group
Key Market Driver
• Time Saving Benefit of Automated Systems • For a full, detailed list, view our report.
Key Market Challenge
• High Maintenance Cost • For a full, detailed list, view our report.
Key Market Trend
• Investment in Traffic Management Systems • For a full, detailed list, view our report.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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