DUBLIN--(BUSINESS WIRE)--The "Global Smart Transportation Market - 2017-2027" report has been added to Research and Markets' offering.
One major module of the Smart Cities initiative is creating and developing an efficient urban mobility & mass transport system, providing a variety of transport alternatives. To fulfill this objective, the specific regional authorities have invested in several large projects within the realm of the urban infrastructure development. Almost USD 30 billion is projected to be spent in the next 15 years on the application of Internet of Things (IOT) technology in the global railway industry. Currently, USD 2 billion is spent every year by the railway industry over smart rail projects and connected trail technologies. These investments continue to soar at a high rate.
According to the American Society of Civil Engineers' 2013 report card, the U.S. needs to invest an additional USD 3.6 trillion by 2020, to upgrade the nation's infrastructure to acceptable standards. Thus, the investments in the smart transportation infrastructure and technologies are continuing to grow during the estimated period, as to quickly improve the efficiency & capacity of the mass transportation, create high quality, and secure the public transportation system.
The smart transportation market research report analyzes the future growth potentials, opportunities, and key challenges in the market. The market faces the challenge of integrating complexities over the legacy system and network, synthesizing raw data from several touchpoints, and data security & privacy of the commuters. The smart transportation technology providers see emergent opportunities, due to the rising adoptions of e-flexi payment systems and exponential growth of mobile phones.
Companies Mentioned
- Alstom SA
- Cisco Systems
- Cubic Corporation
- General Electric
- IBM Corporation
- Indra Sistemas SA
- Kapsch Trafficcom AG
- LG CNS Co. Ltd.
- Seimens AG
-
Thales
Key Topics Covered:
1. Executive Summary
2. Global Scenarios
3. Techno-Economic Analysis
4. Market Segmentations
5. Market By Geography
6. Competitor Intelligence
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/6pk9sj/global_smart
