DUBLIN--(BUSINESS WIRE)--The "Global Smart Transportation Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
According to the World Health Organization (WHO), road traffic accidents are responsible for over 1.2 million deaths across the world every year. As per the WHO, the middle and low income countries have significantly more rate of traffic fatality as compared to high-income countries, due to low level of motorization in middle and low income countries as compared to high-income countries. More than 90% of road accident deaths occurred in middle and low income countries.
Rising smart city projects is one of the key drivers aiding growth in global smart transportation market. According to India Brand Equity Foundation Organization, government of India has launched an initiative for making 100 smart cities with an outlay of $7.47 billion and $7.34 billion under Atal Mission for rejuvenation and Urban Transformation for 500 cities.
High funding in smart city and advanced transportation technology in the United States is anticipated to drive the smart transportation market in North America. According to the U.S. Department of Transportation (U.S. DOT) had funded around $350 million in public and private funds for advanced transportation technologies development of smart city.
Market Determinants
Drivers
- Increasing Urban Population
- Rising Concern for Environmental Protection Globally
- Adoption of Connected and Smart Technologies
- Government Initiatives for Smart Cities
- Rising Demand of Integrated Security and Safety System
Restraints
- Investments in Legacy Systems
Opportunities
- Growing Adoptions of E-Flexi Payment Systems
- Analytics-Based Transport Solution
- Rise of Mobile Phone Users
Challenges
- Synthesizing Raw Data from Various Touchpoints
- Data Security and Privacy
Key Topics Covered
1. Introduction
2. Market Overview
3. Market Determinants
4. Global Smart Transportation Market By Transportation Mode
5. Global Smart Transportation Market By Solution
6. Global Smart Transportation Market By Service
7. Competitive Landscape
8. Geographic Analysis
9. Company Profiles
- Accenture Plc (Ireland)
- Alstom SA (France)
- Cisco Systems Inc. (Ch)
- Cubic Corporation (U.S.)
- General Electric Company (U.S.)
- International Business Machines Corporation (U.S.)
- Indra Sistemas S.A. (Spain)
- Kapschtrafficcom AG (Austria)
- LG CNS Co. Ltd. (South Korea)
- Q-Free ASA (Norway)
- Siemens AG (Germany)
- Thales Group (France)
- Tomtom International (The Netherlands)
- Xerox Corporation (U.S.)
- WS Atkins Plc (U.K.)
For more information about this report visit https://www.researchandmarkets.com/research/8kdn6l/global_smart?w=4
