Smart Transportation Market 2020-2026

Global Smart Transportation Market Size, Share & Trends Analysis Report by Transportation Mode (Railways, Airways, Roadways, and Maritime) and by Application (Ticketing Management System, Parking Management System, Traffic Management System, and Others) and Forecast 2020-2026.

The global smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the ongoing smart city projects in the emerging economies, such as China and India. Moreover, the continuous growth in the adoption of connected technologies and newer trends in smart transportation are expected to propel the market growth during the forecast period. The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period.

Geographically, the global smart transportation market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute a significant share in the global market. The US dominates the North American smart transportation market with a market share of over 85% in 2019. The US has the presence of some of the key market players, such as Oracle Corp. and IBM Corp.; therefore, the US has a significant share in the North American smart transportation market. In addition, Asia-Pacific is expected to project a considerable growth during the forecast period. This growth is backed by the rising urbanization and smart city projects in China, India, and among others.

The global smart transportation market is influenced by product development and advancements conducted by the market players. The key players of the smart transportation market include Cisco Systems, Inc., Siemens AG, Oracle Corp., IBM Corp., SAP SE, Huawei Technologies Co., Ltd., Intel Corp., and Parsons Corp. These players are playing a significant role in the growth of the smart transportation market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

Research Methodology

The market study of the global smart transportation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

1. Global Smart transportation Market Research and Analysis by Transportation Mode
2. Global Smart transportation Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global smart transportation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global smart transportation market.
• Insights about market determinants which are stimulating the global market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.