Christy Publications Smart Transportation Market | Page 3

 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". Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1114 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. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200