Smart Transportation Market by Solution and Service to Grow at a CAGR of 18.6% by 2022 - Investments in Smart Cities Provide Numerous Opportunities - Research and Markets

DUBLIN--()--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.

Companies Mentioned

  • Accenture Plc
  • Siemens
  • IBM
  • 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

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive and Transport, Telematics and Vehicle Electronics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive and Transport, Telematics and Vehicle Electronics