DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wtmn79/smart) has announced the addition of the "Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020" report to their offering.
Smart Transportation solutions have been successfully deployed in some of the metropolitan cities around the world. The solutions have proven to be proficient in diminishing the traffic congestion issues. The global smart transportation market size was estimated to be USD 46.72 Billion in 2015 and is projected to reach USD 138.76 billion by 2020, growing at a CAGR of 24.3% from 2015 to 2020.
Accenture Plc, Alstom SA, CISCO System Inc., GE Transportation, IBM Corporation, Indra, Kapsch, LG CNS Corporation, and Xerox Corporation are the leading players for the smart transportation market. With regards to the recent market development; F5 Networks and Cisco introduced BIG-IP and Local Director as two of the earliest traffic management software. IBM has partnered with the New Jersey Turnpike Authority to deploy a new smart traffic system at the two busiest highways: Garden State Parkway and the Turnpike. LG CNS has launched a 3D CCTV camera armed with video analysis engine. The camera is equipped with Smart Vision Sensors,which monitor and capture frequent human patterns and raise alarms when abnormality occurs. GE has been selected by Singapore Transport Authority (STA) to supply automated train control and supervision, signaling systems for Thomson and Eastern Lines valued at USD 159 million. These are just a few of the recent technology developments in the smart transportation market.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Smart Transportation Market Analysis, By Solution
- Smart Transportation Market Analysis, By Service
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Cubic Corporation
- General Electric Company (GE)
- International Business Machine (IBM) Corporation
- LG CNS Corporation
- Xerox Corporation
For more information visit http://www.researchandmarkets.com/research/wtmn79/smart