The report “Smart Transportation Market By Solution And Service- Global Industry Analysis And Forecast To 2023”, issued by Crystal Market Research, the market has come across substantial development in the recent years and is projected to grow significantly over the forecast period.
The Smart Transportation Market was worth USD 46.12 billion in 2014 and is expected to reach approximately USD 348.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 25.18% during the forecast period.
Smart Transportation Market – Outlook and Trend Analysis
Smart transportation utilizes data innovation and man-made brainpower to effectively oversee and arrange transportation frameworks. The use of smart transportation organize enables the flying out populace to have better learning of the activity for better coordination. Moreover, the utilization of brilliant transportation likewise guarantees security for the drivers. The market is encountering development because of their expanding request over every single geographic area.
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Smart Transportation Market – Competitive Insights
The leading players in the market are Accenture PLC, International Business Machine (IBM) Corporation, Kapsch, Alstom, SA, Cisco System, Inc. and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
International Business Machine (IBM) Corporation
Smart Transportation Market – Drivers & Restrains
The worldwide smart transportation market is relied upon to develop fundamentally amid the conjecture time frame. The market is essentially being driven because of the rising interest for productive transportation organizes over the globe. Likewise, the development in offer of autos is bringing about movement clog. This consequently is developing the interest for smart transportation showcase. Moreover, the utilization of smart transportation frameworks guarantees wellbeing of the drivers. The rising awareness for security is guaranteeing the requirement for better street wellbeing principles which fuelling the requirement for smart transportation frameworks. Different governments, for example, the UK government have demonstrated their enthusiasm to actualize smart transportation organizes over their nations. In addition, the developing thought of building brilliant urban areas is additionally making an open door for the smart transportation advertise. Likewise, the use of smart transportation additionally guarantees better stopping administration by organizing with the drivers and helping them to effortlessly find the parking spots. However, high cost of installation will act as a barrier to the growth of the market.
Smart Transportation Market – Regional Outlook and Trend Analysis
North America is expected to show highest share of the market over the forecast period. Rising government interests in transport framework are relied upon to push territorial development over the coming years. The Asia Pacific market is foreseen to witness the quickest development over the conjecture time frame, inferable from a few government activities. Development is moderately higher in China, India, South Korea, and Japan.
By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)
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Major Table of Contents –
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2.Executive Summary
Chapter 3.Market Overview
Chapter 8.Company Profiles
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3.Cisco System, Inc.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5.General Electric Company (GE)
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6.Indra Sistema S.A.
Reasons to Buy the Report:
This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the rapid microbiology testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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