DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smart Transportation Market by Solution and Service - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.
The global smart transportation market size was valued at $63,667 million in 2015, and is projected to reach $237,701 million by 2022, growing at a CAGR of 18.6% from 2016 to 2022.
Smart transport consists of intelligent transportation systems (ITSs) that aim to offer innovative and superior services for different modes of transport and traffic management. Use of this system increases the coordination of users and makes them better informed of safer and smarter use of transport networks. Smart transportation is implemented in parking management & guidance, passenger information, and traffic management.
Investments in smart cities, which are expected to integrate smart transportation, provide numerous opportunities for this market. Moreover, introduction of parking management system, which induces various functions to help drivers to locate parking space easily, presents opportunity for growth. However, large database requirement of a road network and the need for high capital investment, as the existing transport system requires a complete restoration, impedes the market growth.
- Accenture Plc
- Cisco Systems
- GE Transportation
- Xerox Corporation
- Cubic Corporation
- Thales S.A.
- Kapsch AG
- Alstom SA
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Smart Transportation Market, By Solutions
Chapter 5 World Smart Transportation Market, By Services
Chapter 6 World Smart Transportation Market, By Geography
Chapter 7 Related Industry Insights
Chapter 8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/92zln7/smart