Smart transportation market forecasts

Research and Markets’ latest report, Smart Transportation Market - Global Advances, Forecasts and Analysis (2014 - 2019), indicates that the global smart transportation market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3 per cent from 2014 to 2019. Congestion, hyper-urbanisation and globalisation, need of sustainable solutions and emergence of cloud based services are the major drivers for this market.
April 25, 2014 Read time: 2 mins
7527 Research and Markets’ latest report, Smart Transportation Market - Global Advances, Forecasts and Analysis (2014 - 2019), indicates that the global Smart transportation market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3 per cent from 2014 to 2019.

Congestion, hyper-urbanisation and globalisation, need of sustainable solutions and emergence of cloud based services are the major drivers for this market.

The report consists of the opportunity analysis of technology adoption across all solution and services market. The report focuses on estimating and forecasting the market potential of the major sub-segments of transportation, which are ticketing management, parking management and guidance, passenger information, integrated supervision and traffic management.

The report also covers the market potential for the services industry catering to Smart transportation. These services include business services, professional services, and cloud services, covering new technologies such as business analytics and cloud computing. The report also focuses on technologies and standards and analyses market drivers, restraints, trends and opportunities, along with a study on key players, and the competitive outlook.

Smart transportation entails providing comprehensive real-time, data-driven capability for designing and implementing policies and operational strategies for traffic, public transport, and urban planning. The market is fuelled by the advancements across the information and communication technology (ICT) industry.
Location Based Systems

Related Content

  • December 9, 2015
    Growth of global collision avoidance system market to 2020
    The latest report from Reports and Reports indicates that the global market for collision avoidance systems is expected to grow at a CAGR of 7.74 per cent between 2015 and 2020. This report segments the collision avoidance system market comprehensively and provides a close approximation of the size of the overall market and its sub-segments across verticals and regions. The worldwide collision avoidance systems market is expected to be driven by the growing focus of consumers and OEMs on safety features
    Read More
  • March 30, 2015
    Global smart railways system - increased adoption of analytics and big data
    The Global Smart Railway System market is predicted to grow at a CAGR of 26.76 per cent over the period 2014-2019, according to Research and Markets’ latest report, Global Smart Railways System Market 2015-2019. The report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the APAC region, Europe, Latin America, the Middle East, and North America; it covers the Global Smart Railway System market landscape and its growth prospects in the coming years and inclu
    Read More
  • September 4, 2015
    Australian ITS market forecast to 2020
    The latest report from Reportlinker analyses the Australian intelligent transportation systems (ITS) market and indicates that the total market is expected to reach US$1,130.2 million by 2020, at a CAGR of 14.41 per cent between 2015 and 2020. The market for the application of advanced public transportation systems is expected to grow at a CAGR of 14.90 per cent during the forecast period. The increasing demand for the use of technology in public transportation for vehicle location and real-time information
    Read More
  • November 1, 2012
    Report forecasts growth in global markets for intelligent transportation systems
    A new report by information service provider Global Information says that intelligent transportation systems (ITS) improve public transport and traffic management to reduce traffic congestion, promote smoother and safer driving and improve coordinate and overall smarter use of transport networks. The development of intelligent infrastructures – from roads to bridges – is primarily a governmental responsibility while the domain of developing intelligent vehicles belongs to the commercial side. Both private a
    Read More

Highlighted Content