Market Research Reports Global Smart Transportation Market Size

Global Smart Transportation Market Size Study, By Solution (Traffic
Management, Passenger Information, Parking, Integrated Supervision
and Others), By Service (Cloud, Professional, and Business), and By
Regional Forecasts, 2018-2025
Bharat Book Bureau Provides the Trending Market Research Report on “Global
Smart Transportation Market Size Study, By Solution (Traffic Management,
Passenger Information, Parking, Integrated Supervision and Others), By
Service (Cloud, Professional, and Business), and By Regional Forecasts,
2018-2025 ” under Heavy Industry category. The report offers a collection of
superior market research, market analysis, competitive intelligence and industry
reports.
Global Smart Transportation Market to reach USD 343.77 billion by 2025.
Global Smart Transportation Market valued approximately USD 56.45 billion in 2016
is anticipated to grow with a healthy growth rate of more than 22.23% over the
forecast period 2018-2025. The major factors expected to augment the market are
increasing governmental focus on building smart cities, escalating requirements for
safety & security for the improvement of public safety, increasing number of smart
cities and rising adoption of IoT. Smart transportation, a prime internet of things (IoT)
vertical application, refers to the combined use of modern technologies and
management strategies in transportation systems. These technologies intend to
provide innovative services relating to diverse modes of transport & traffic
management and facilitate users to be better informed and make safer and ‘smarter’
use of transport networks.
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The regional analysis of Global Smart Transportation Market is considered for the
key regions such as Asia Pacific, North America, Europe, Latin America and Rest of
the World. North America is the leading region across the world in terms of market
share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific
region is anticipated to exhibit higher growth rate / CAGR over the forecast period
2018-2025.
The objective of the study is to define market sizes of different segments & countries
in recent years and to forecast the values to the coming eight years.
The report is designed to incorporate both qualitative and quantitative aspects of
the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial
aspects such as driving factors & challenges which will define the future growth of
the market. Additionally, the report shall also incorporate available opportunities in
micro markets for stakeholders to invest along with the detailed analysis of