DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smart Transportation Market by Solution Type (Smart Ticketing, Parking Management, Passenger Information, Traffic Management, Integrated Supervision, and Insurance Telematics), Service, and Region - Global Forecast to 2021" report to their offering.
The smart transportation market size is expected to grow from USD 72.05 billion in 2016 to USD 220.76 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1% during the period 2016-2021.
The major drivers for an upsurge in demand for the smart transportation market include the rising urban population and demand of integrated security & safety system for transportation. Investment in legacy systems precluding the Return of Investment (ROI) is one the restraining factors that affect the growth of the market.
The passenger information solution is expected to have the largest market share during the forecast period. Passenger information solutions make an important link between commuters and transit service providers. Keeping commuters informed with their current journey information is one of the top most priorities of the transit agencies. Passenger information solutions provide real-time information of the transit services, such as current location, estimated arrival & departure time, and causes for disruption.
As per the geographic analysis, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The competition in this region is fragmented and smart transportation solution providers are looking at expanding the base of their operations to most of the countries in the region, as a result of business strategic moves, such as improved infrastructure and implementation of various smart city projects.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Smart Transportation Market Analysis, By Transportation Mode
7 Smart Transportation Market Analysis, By Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Alstom SA
- Cisco Systems, Inc.
- Cubic Corporation
- General Electric Company
- International Business Machines Corporation
- Indra Sistemas, S.A.
- Kapsch Trafficcom AG
- LG CNS Co., Ltd.
- Q-Free ASA
- Siemens AG
- Thales Group
- Tomtom International Bv
- WS Atkins PLC
11 Key Innovators
- Advantech Co., Ltd.
- Conduent Incorporated
- Frequentis AG
- Metro Infrasys Pvt. Ltd.
- Moxa Inc.
- ZTE Corporation
For more information about this report visit http://www.researchandmarkets.com/research/ln9c2l/smart
