Smart transportation market will grow rapidly on account of increasing investments in the smart city product till 2024 “The global smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system” The global smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favorable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth. Increasing investments in the smart city product is anticipated to open new avenues for growth in the coming years as smart transportation is an integral part of the smart city. The growing government focus to reduce greenhouse gas emission and rising traffic congestion is anticipated to drive the industry growth over next eight years. The growing number of government mandates by the European Union (EU) and Directive Follow Us: on Intelligent Transport System is also anticipated to favor the industry growth over the forecast period. Detailed Research Report available at: http://www.grandviewresearch.com/industry-analysis/smart-transportationmarket The requirement of a huge capital for replacing the existing infrastructure with the smart technological advanced system is expected to hinder the industry growth. The long downtime for replacing the existing system may also pose a challenge to its growth and will affect the daily commutation activities. Further key findings from the study suggest: Key solutions available in the market include the ticketing management system, parking management system, integrated supervision system, and traffic management system. The integrated supervision system is used for reducing traffic blocks, minimizing accidents, and providing better safety measures and holds high growth potential. Key services include cloud service, business service, and professional service. The cloud service segment is anticipated to witness a surge in the demand, owing to the requirement for the storage of data generated through these systems. Professional service vendors offer consulting services and may witness an increase in the demand over the next eight years, owing to the requirement of services for upgrading the existing infrastructure. The North American region accounted for over 27% of the global revenue share in 2015 and Asia Pacific is estimated to be the fastest-growing segment, offering Follow Us: lucrative growth opportunities for the industry players. The increasing concentration of leading vendors for expansion and technological advancement in this region is expected to favor the regional growth over next eight years. The European Union (EU) and government initiatives towards enhancing transport infrastructure are also expected to favor the European market growth. The Middle East is anticipated to witness an upsurge in the demand, owing to the increasing government investment in the transport infrastructure. Key industry participants include Accenture PLC, Alstom, SA, Cisco System, Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machine (IBM) Corporation, Kapsch, LG CNS Corporation, and Xerox Corporation Read our blog on technology industry: http://www.grandviewresearch.com/blogs/technology Table of content of global smart transportation market research report: Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Smart transportation - Industry snapshot and key buying criteria, 2015 - 2024 Follow Us: Chapter 3 Smart Transportation Industry Outlook 3.1 Market segmentation 3.2 Market size and growth prospects 3.3 Smart transportation value chain analysis 3.4 Smart transportation market dynamics 3.4.1 Market driver analysis 3.4.1.1 Need for road safety 3.4.1.2 Increasing need to reduce greenhouse gas emission 3.4.1.3 Increasing investment in smart city projects 3.4.2 Market challenge analysis 3.4.2.1 Need for interoperability 3.5 Key opportunities - Prioritized 3.6 Industry analysis - Porter’s 3.7 Smart transportation competitor analysis, 2014 3.8 Smart transportation PESTEL analysis Chapter 4 Smart Transportation Solution Outlook 4.1 Smart transportation market share by solution, 2015 & 2024 Follow Us: 4.2 Ticketing management system 4.2.1 Global ticketing management system demand by region, 2015 2024 4.3 Parking management system 4.3.1 Global parking management system demand by region, 2015 2024 4.4 Integrated supervision system 4.4.1 Global integrated supervision system demand by region, 2015 2024 4.5 Traffic management system 4.5.1 Global traffic management system demand by region, 2015 - 2024 Chapter 5 Smart Transportation Service Outlook 5.1 Smart transportation market share by service, 2015 & 2024 5.2 Cloud services 5.2.1 Global cloud services demand by region, 2015 - 2024 5.3 Business services 5.3.1 Global business services demand by region, 2015 - 2024 5.4 Professional services Follow Us: 5.4.1 Global professional services demand by region, 2015 - 2024 Chapter 6 Smart Transportation Regional Outlook 6.1 Smart transportation market share by region, 2015 & 2024 6.2 North America 6.2.1 North America market, 2015 - 2024 6.2.2 North America market by solution, 2015 - 2024 6.2.3 North America market by service, 2015 - 2024 6.3 Europe 6.3.1 Europe market, 2015 - 2024 6.3.2 Europe market by solution, 2015 - 2024 6.3.3 Europe market by service, 2015 - 2024 6.4 Asia Pacific 6.4.1 Asia Pacific market, 2015 - 2024 6.4.2 Asia Pacific market by solution, 2015 - 2024 6.4.3 Asia Pacific market by service, 2015 - 2024 6.5 Rest of World (RoW) 6.5.1 RoW market, 2015 - 2024 Follow Us: 6.5.2 RoW market by solution, 2015 - 2024 6.5.3 RoW market by service, 2015 - 2024 Chapter 7 Competitive Landscape 7.1 Accenture PLC 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Alstom, SA 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Cisco System, Inc. 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking Follow Us: 7.3.4 Strategic Initiatives 7.4 Cubic Corporation 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 General Electric Company (GE) 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.5.4 Strategic Initiatives 7.6 Indra Sistema S.A. 7.6.1 Company Overview 7.6.2 Financial Performance 7.6.3 Product Benchmarking 7.6.4 Strategic Initiatives 7.7 IBM Follow Us: 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives 7.8 Kapsch 7.8.1 Company Overview 7.8.2 Financial Performance 7.8.3 Product Benchmarking 7.8.4 Strategic Initiatives 7.9 LG CNS Corporation 7.9.1 Company Overview 7.9.2 Financial Performance 7.9.3 Product Benchmarking 7.9.4 Strategic Initiatives 7.10 Xerox 7.10.1 Company Overview 7.10.2 Financial Performance Follow Us: 7.10.3 Product Benchmarking 7.10.4 Strategic Initiatives About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: [email protected] Web – http://www.grandviewresearch.com/ Follow Us:
The global smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favorable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth. Click here - http://www.grandviewresearch.com/industry-analysis/smart-transportation-market
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