Global Smart Transportation

Market is Expected to Reach

$278 Billion by 2024, Says
Variant Market Research

Yogesh Godse
Director
help@variantmarketresearch.c
om
 Description of Smart Transportation Market
Global Smart Transportation Market is estimated to reach $278billion
by 2024 with CAGR of 19.4% between 2016 and 2024. Smart
transportation is a new approach to design and planning of roadways
which would provide the best and safe transport solutions. Lack of safe
and quality transportation, poor traffic management, poor road
conditions, parking issues and others are the key problems faced by
most of the cities. Transit friendly designs would provide support to
pedestrians, bicyclists and transit users for regular and safe travel. The
benefits include lowered fuel consumption, better air quality, accident
mitigation and competent use of emergency services. The use of smart
transportation is also expected to help to curb the excess use of private
vehicles on limited road space and reduce the carbon emission.
GLOBAL SMART TRANSPORTATION MARKET SIZE AND FORECAST
2015 - 2024 (US $ BILLION)
Global Smart Transportation Market

The Global Smart Transportation market is categorized on the basis

of solution, service and geography. By solution, the market is segmented into
parking management system, integrated supervision system, ticketing
management system, and traffic management system
Growing population, increasing number of vehicles on road, concern over
rising greenhouse gas along with increasing adoption of IoT& smart cities are
supporting the growth of global smart transportation market. Moreover,
increasing need for public safety &security coupled with rising government
initiatives also fuel the growth of the market. However, high investment
required for constructing smart transportation and long downtime may
restrain the growth of the market. Furthermore, growing need for smart cities
in emerging economies may provide growth opportunities in the coming
years.
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GLOBAL SMART TRANSPORTATION SHARE BY REGION
2024 (VALUE %)
 Worlds Key Market Players

Siemens AG
Cubic Corporation
Thales Group
Tomtom International Bv
LG CNS Co. Ltd.
International Business Machines Corporation
Alstom SA
Accenture plc
General Electric Company
KapschTrafficCom AG,
 Scope of Smart Transportation Market

Solution Segments
Parking Management System
Ticketing Management System
Traffic Management System
Integrated Supervision System
Service Segments
Cloud Services
Business Services
Professional Services
 Table of Contents

Chapter 1. Prefix

1.1 Market Scope

1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling

Chapter 2. Executive Summary

 Table of Contents

Chapter 3. Market Outline

3.1 Market Inclination, Trend, Outlook and Viewpoint

3.2 Market Share Analysis: Companys Competitive Scenario
3.3 Value Chain Analysis
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Impact Analysis
3.4.2 Restraints
3.4.2.1 Impact Analysis
3.4.3 Opportunities
3.5 Porters five forces analysis
3.5.1 Factors Impact Analysis
 Table of Contents

Chapter 7. Company Profiles

7.1 Siemens AG
7.2 Cubic Corporation
7.3 Thales Group
7.4 Tomtom International Bv
7.5 LG CNS Co., Ltd.
7.6 International Business Machines Corporation
7.7 Alstom SA
7.8 Accenture plc
7.9 General Electric Company
7.10 KapschTrafficCom AG
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