Smart Transportation Market Business Strategies, Revenue and Growth Rate Upto 2029


Posted April 26, 2023 by Divya_123

Smart Transportation Market was valued at USD 115.59 Billion in 2022, and is expected to reach USD 234.01 Billion by 2029, exhibiting a CAGR of 10.6% during the forecast period (2023-2029).
 
Smart Transportation Market Overview

The research on the Smart Transportation Market is based on the detailed dynamics the Smart Transportation market. The report covers market revenue forecasts at global, regional and segment, and national levels. Segment & Region wise Sales forecasting is the main highlight of the report.

Smart Transportation Market Report Scope and Research Methodology

The report on Smart Transportation Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Smart Transportation market growth. A detailed PESTEL analysis is also included in the report . The report covers a thorough regional analysis of the Smart Transportation industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.

The Smart Transportation Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Smart Transportation market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Smart Transportation market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Smart Transportation market size.

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Smart Transportation Market Regional Insights

The country wise insights of the industry are covered along with the list of key players. The key regions studied are North & South America, Asia Pacific, Europe and Middle East Africa..

Smart Transportation Market Segmentation

According to Solution, the global market for smart transportation solutions will be dominated by traffic management system solutions in 2022 as a result of expanding urbanisation, rising environmental concerns, and a demand for real-time information. Due to the government's growing attention on traffic management and several initiatives in North America aiming at traffic management solutions and services, the traffic management system is widely used in North America. Real-time traffic management, remote monitoring technologies, data management, Software as a Service (SaaS)-based solutions, and the Internet of Things are key trends in the market for traffic management systems. Rapid urbanisation, the rise of the idea of smart cities and smart traffic are the main market prospects for traffic management systems.

According to Service, the cloud service segment will dominate the global market for smart transportation in 2022. This is because they can offer solutions for various computing needs, such as managing and accessing data remotely. Additionally, cloud services offer a number of advantages like adaptable cloud space capacity, automatic software updates, remote working from anywhere, and more. Cloud services are the market leader in the smart transportation sector. The provision of business applications tailored to particular industries is the dominant trend in the market for cloud services. The industry is also growing as a result of cloud infrastructure as a service (IaaS), cloud management, and cloud application infrastructure as a service.

Smart Transportation Market Key Players

• Thales
• Huawei
• Siemens
• IBM
• Cisco Systems
• SAP
• Cubic
• ALSTOM
• Bombardier
• Toshiba
• Harris
• Saab
• Veson Nautical
• Advanced Navigation Positioning Corporation (ANPC)
• BASS Software
• BENTLEY SYSTEMS
• Indra Sistemas
• Trimble
• TomTom
• Amadeus
• Conduent
• Kapsch
• Hitachi
• The Descartes Systems
• Accenture
• Rockwell Collins
• DNV GL

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Key questions answered in the Smart Transportation Market are:

What is Smart Transportation ?
What are the factors driving the Smart Transportation Market growth?
What are the factors are limiting the Smart Transportation Market growth?
What was the Smart Transportation market size in 2021?
Which trends are expected to generate additional revenue for the Smart Transportation market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Transportation Market?
What growth strategies are the players considering to increase their foothold in the Smart Transportation Market?
Who held the largest market share in the Smart Transportation Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By MMR
Country India
Categories Computers
Last Updated April 26, 2023