Smart Transportation Market Expected to Buzz Around $102.31 Billion by 2018
According to a new market research report, "Smart Transportation Market - by Solutions
(Ticketing Management, Parking Management, Passenger Information, Traffic
Management), Services (Traditional, Advanced, Software) Worldwide Analysis and
Forecasts (2012 - 2018)"published by MarketsandMarkets, the Smart Transportation market
expected to reach more than $102.31 billion by 2018, at a CAGR of 23.6%.
Browse 97 market data tables and 25 figures spread through 193 pages and in-depth TOC on
“Smart Transportation Market - By Solutions (Ticketing Management, Parking Management,
Passenger Information, Traffic Management), Services (Traditional, Advanced, Software)
Worldwide Analysis And Forecasts (2012 – 2018)”.
http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html
Smart transportation is all about smartening the smart streets. This entails providing
comprehensive real-time, data-driven capability for designing and implementing policies and
operational strategies for traffic, public transport, and urban planning. The market for smart
transportation is fuelled by the advancements across the information and communication
technology (ICT) industry. The report on smart transportation report consists of the opportunity
analysis of technology adoption across all solution and services market. The report focuses on
estimating and forecasting the market potential of the major sub-segments of transportation,
which are ticketing management, parking management & guidance, passenger information,
integrated supervision, and traffic management.
The report also covers the market potential for the services industry catering to smart
transportation. These services include traditional services, advanced services, and software
services, covering new technologies such as business analytics and cloud computing. The report
also focuses on technologies & standards and analyzes market drivers, restraints, trends and
opportunities, along with a study on key players, and the competitive outlook.
The overall smart transportation market, valued at $26.70 billion in 2012, is forecasted to grow at
$102.31 billion by 2018, at a CAGR of 23.6% for the period 2013 to 2018. In smart
transportation types market, we observe solutions market to be the fastest growing market with
CAGR of 22.5%, growing to $66.62 billion by 2018. Apart from the systems and solutions
markets, the market for services is also observed to grow at a significant pace. Other than
traditional services associated to maintenance, repair, replace, upgrades or operations
outsourcing, there are additional services such as consulting (business, operation, change