Description
The global smart transportation
market has shown remarkable progress in the recent years and is also showing
attractive market potential for future. It is primarily driven by the
rising demand for better safety and securities and time saving techniques. The
global smart transportation market is segmented into two major categories, on
the basis of solutions types into: parking management and guiding system,
ticket management system, passenger information system, integrated supervision
system, and traffic management system. On the basis of service types it is
segmented into traditional services, software services and advanced services.
To
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The global smart transportation
market is driven by factors such as the increasing government initiatives and
growing demand for better safety and securities. The increasing crowded cities
and the rising demand for time saving techniques will also act as drivers for
the global smart transportation market. The socio economic and political
factors and downtime for modernization will also hinder the growth of the
market. The increasing investments in smart cities and various project
opportunities across the world will serve as an opportunity, fuelling the
growth of the market.
Some of the major players in the
global smart transportation market are Accenture PLC, Alstom SA, IBM, Indra,
Siemens, Thales, ESRI, Schneider Electric, LG CNS, INEO, Cubic Corporation,
Cisco Systems Inc, Affiliated Computer Services Inc., KAPSCH, and GE
Transportation.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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