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

For more information on companies in this article

Related Content

  • Royal HaskoningDHV scoops public transport project
    July 26, 2013
    A joint venture comprising Dutch consultancy and engineering company Royal HaskoningDHV and Saudi Arabian Mshari Al-Shathri engineering consultant has been appointed by the Saudi Arabia Ministry of Transport to prepare a feasibility study and preliminary design for a first public transport system for Dammam. The objective of the system is to alleviate congestion in the area, which has seen significant growth in recent years. Increasing use of private cars has led to congestion and at current growth rates,
    Read More
  • China's RFID market value forecast to reach US$4.3 billion by 2025
    May 26, 2015
    According to a new report by IDTechEx, RFID in China 2015-2025, not only will the use of RFID in China become a US$4.3 billion market in 2025, but that figure will almost double if the value of tags and readers made in the country and exported elsewhere is included. Already in 2015 China had 85 per cent of the global manufacture capacity of RFID tags, with over 150 RFID companies operating in the country.
    Read More
  • Arup’s vision of urban mobility in 2050
    May 6, 2015
    Arup’s vision of the Future of Highways considers a wide range of factors that will impact on mobility towards the middle of the century. In its consideration of the Future of Highways through to 2050, international consultants Arup has taken a broad and pragmatic view of where society is heading and the effects that will have on the transport requirements. In terms of major drivers it not only cites
    Read More
  • Monotch & Detecon to help 5G transport roll-out in EU
    March 4, 2024
    5GMEC4EU project aims to boost 5G take-up along major European transportation routes
    Read More

Highlighted Content