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Smart Transportation Market Size, Share & Trends Analysis Report by Solution (Ticketing Management System, Parking Management System), by Service, by Region, and Segment Forecasts, 2022-2030

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    Report

  • 120 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4538825
The global smart transportation market size is estimated to reach USD 285.12 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030. The need for an efficient management system is predicted to increase with the growing number of on-road cars and the reducing efficiency of existing transport infrastructure. Favorable government initiatives for building better infrastructure and smooth running of existing transport systems are expected to boost the market growth.



Artificial Intelligence (AI) and the Internet of Things (IoT) aid in balancing operations by responding to detailed data on ridership peaks and lows. Smart transportation technologies offer specific data such as real-time arrival information to consumers to avoid waiting at congested stations. They also provide details on the capacity of a train or a bus. Such factors are increasing the demand for these technologies. Furthermore, increasing investments in smart city projects are anticipated to create new growth avenues over the forecast period as smart transportation is an integral part of a smart city.

Many countries are investing in smart transportation solutions owing to the benefits offered by these solutions. For instance, Israel's transportation system was inefficient, dispersed, and dealt with single-occupancy rides, resulting in traffic bottlenecks, high pollution levels, and limited accessibility. To reinvent mass commuting during the pandemic, Israel conducted a large-scale study that combined on-demand transit with carpooling to promote low-occupancy travel. It involved routing buses using a custom algorithm to ensure efficient travel.

The requirement of massive capital for replacing the existing infrastructure with a technologically advanced system is expected to hinder the industry growth. The extended downtime for replacing the current system may also challenge the market development and affect daily commutation activities. Furthermore, a lack of standardization is expected to hinder the growth of the market. However, rising government focus on reducing greenhouse gas emissions and curbing alarming levels of traffic congestion is anticipated to drive the growth of the market.

Smart Transportation Market Report Highlights

  • The parking management system segment is anticipated to emerge as the fastest-growing solution segment over the forecast period owing to the shift of population to urban areas and reducing real estate space.
  • The professional services segment is anticipated to emerge as the fastest-growing service segment over the forecast period as they help modernize existing infrastructure systems by providing implementation support and design advice.
  • The APAC market is estimated to grow at the highest CAGR owing to increased use of vehicles, which leads to increased parking issues, and the increased demand for efficient transportation.


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Frequently Asked Questions about the Global Smart Transportation Market

What is the estimated value of the Global Smart Transportation Market?

The Global Smart Transportation Market was estimated to be valued at $110.53 Billion in 2022.

What is the growth rate of the Global Smart Transportation Market?

The growth rate of the Global Smart Transportation Market is 12.6%, with an estimated value of $285.12 Billion by 2030.

What is the forecasted size of the Global Smart Transportation Market?

The Global Smart Transportation Market is estimated to be worth $285.12 Billion by 2030.

Who are the key companies in the Global Smart Transportation Market?

Key companies in the Global Smart Transportation Market include Accenture plc, Alstom, Sa, Cisco Systems, Inc., Cubic Corporation, General Electric Company (Ge), Indra Sistema S.A., International Business Machines Corporation, Kapsch and Xerox Holdings Corporation.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List Of Data Sources
Chapter 2 Executive Summary
2.1 Smart Transportation Market-Industry Snapshot and Key Buying Criteria, 2017-2030
Chapter 3 Smart Transportation Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Smart Transportation Value Chain Analysis
3.4 Smart Transportation Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Need For Road Safety
3.4.1.2 Increasing Need To Reduce Greenhouse Gas Emission
3.4.1.3 Increasing Investment In Smart City Projects
3.4.2 Market Challenge Analysis
3.4.2.1 Need For Interoperability
3.5 Key Opportunities-Prioritized
3.6 Industry Analysis-Porter’s Five Forces Analysis
3.7 Smart Transportation Market-PESTEL Analysis
3.8 Impact Of COVID-19 On Smart Transportation Market
Chapter 4 Smart Transportation Solution Outlook
4.1 Smart Transportation Market Share by Solution, 2021 & 2030
4.2 Ticketing Management System
4.2.1 Global Ticketing Management System Market by Region, 2017-2030
4.3 Parking Management System
4.3.1 Global Parking Management System Market by Region, 2017-2030
4.4 Integrated Supervision System
4.4.1 Global Integrated Supervision System Market by Region, 2017-2030
4.5 Traffic Management System
4.5.1 Global Traffic Management System Market by Region, 2017-2030
Chapter 5 Smart Transportation Service Outlook
5.1 Smart Transportation Market Share by Service, 2021 & 2030
5.2 Cloud Services
5.2.1 Global Cloud Services Market by Region, 2017-2030
5.3 Business Services
5.3.1 Global Business Services Market by Region, 2017-2030
5.4 Professional Services
5.4.1 Global Professional Services Market by Region, 2017-2030
Chapter 6 Smart Transportation Regional Outlook
6.1 Smart Transportation Market Share by Region, 2021 & 2030
6.2 North America
6.2.1 North America Smart Transportation Market, 2017-2030
6.2.2 North America Smart Transportation Market, by Solution, 2017-2030
6.2.3 North America Smart Transportation Market, by Service, 2017-2030
6.2.4 U.S.
6.2.4.1 U.S. Smart Transportation Market, 2017-2030
6.2.4.2 U.S. Smart Transportation Market, by Solution, 2017-2030
6.2.4.3 U.S. Smart Transportation Market, by Service, 2017-2030
6.2.5 Canada
6.2.5.1 Canada Smart Transportation Market, 2017-2030
6.2.5.2 Canada Smart Transportation Market, by Solution, 2017-2030
6.2.5.3 Canada Smart Transportation Market, by Service, 2017-2030
6.3 Europe
6.3.1 Europe Smart Transportation Market, 2017-2030
6.3.2 Europe Smart Transportation Market, by Solution, 2017-2030
6.3.3 Europe Smart Transportation Market, by Service, 2017-2030
6.3.4 U.K.
6.3.4.1 U.K. Smart Transportation Market, 2017-2030
6.3.4.2 U.K. Smart Transportation Market, by Solution, 2017-2030
6.3.4.3 U.K. Smart Transportation Market, by Service, 2017-2030
6.3.5 Germany
6.3.5.1 Germany Smart Transportation Market, 2017-2030
9.3.5.2 Germany Smart Transportation Market, by Solution, 2017-2030
9.3.5.3 Germany Smart Transportation Market, by Service, 2017-2030
6.4 Asia Pacific
6.4.1 Asia Pacific Smart Transportation Market, 2017-2030
6.4.2 Asia Pacific Smart Transportation Market, by Solution, 2017-2030
6.4.3 Asia Pacific Smart Transportation Market, by Service, 2017-2030
6.4.4 China
6.4.4.1 China Smart Transportation Market, 2017-2030
6.4.4.2 China Smart Transportation Market, by Solution, 2017-2030
6.4.4.3 China Smart Transportation Market, by Service, 2017-2030
6.4.5 India
6.4.5.1 India Smart Transportation Market, 2017-2030
6.4.5.2 India Smart Transportation Market, by Solution, 2017-2030
6.4.5.3 India Smart Transportation Market, by Service, 2017-2030
6.4.6 Japan
6.4.6.1 Japan Smart Transportation Market, 2017-2030
6.4.6.2 Japan Smart Transportation Market, by Solution, 2017-2030
6.4.6.3 Japan Smart Transportation Market, by Service, 2017-2030
6.5 Latin America
6.5.1 Latin America Smart Transportation Market, 2017-2030
6.5.2 Latin America Smart Transportation Market, by Solution, 2017-2030
6.5.3 Latin America Smart Transportation Market, by Service, 2017-2030
6.5.4 Brazil
6.5.4.1 Brazil Smart Transportation Market, 2017-2030
6.5.4.2 Brazil Smart Transportation Market, by Solution, 2017-2030
6.5.4.3 Brazil Smart Transportation Market, by Service, 2017-2030
6.6 Middle East & Africa
6.6.1 Middle East & Africa Smart Transportation Market, 2017-2030
6.6.2 Middle East & Africa Smart Transportation Market, by Solution, 2017-2030
6.6.3 Middle East & Africa Smart Transportation Market, by Service, 2017-2030
Chapter 7 Competitive Analysis
7.1 Recent Developments & Impact Analysis, by Key Market Participants
7.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
7.3.1 Key Company Analysis, 2021
Chapter 8 Competitive Landscape
8.1 Accenture PLC
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Alstom, SA
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Cisco Systems, Inc.
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Cubic Corporation
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 General Electric Company (GE)
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Indra Sistema S.A.
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 International Business Machines Corporation
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 Kapsch
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 LG CNS Corporation
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Xerox Holdings Corporation
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives

Companies Mentioned

  • Accenture plc
  • Alstom, Sa
  • Cisco Systems, Inc.
  • Cubic Corporation
  • General Electric Company (Ge)
  • Indra Sistema S.A.
  • International Business Machines Corporation
  • Kapsch
  • Lg Cns Corporation
  • Xerox Holdings Corporation

Methodology

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