Smart Ticketing Solution
Others (Passenger Information Solution, Insurance Telematics Solution)
Asia Pacific market is expected to exhibit strong growth potential over the forecast period
North America accounted for the largest share in the global smart transportation market in
2016. U.S. is the major growth engine in North America market. This is owing to increasing
initiatives from the U.S. government towards improvement of transportation facilities and
implementation of intelligent transportation systems (ITS). For instance, the America's Surface
Transportation Act or "FAST Act" was passed in 2015, in order to solve congestion issues,
enhance transportation within the country, improve working efficiencies in transportation
systems and commercial vehicles, and minimize vehicle emissions.
Asia Pacific market is expected to exhibit highest CAGR over the forecast period and this is due
to increasing deployment of smart city and smart infrastructure projects in this region. China,
Japan, India, and South Korea are the major growth engines in the region. For instance, in 2015
Government of India launched "100 Smart Cities Mission".
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Major players operating in the global smart transportation system market are Accenture, Plc,
Amano Corporation, Alstom SA, Cisco Systems Inc., Cubic Corporation, Gemalto N.V., Indigo
Infra S.A., Inrix Inc., International Business, Machines Corporation (IBM), Kapsch Trafficom
GmbH, Msr-traffic GmbH, and Siemens AG.
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