Market Revenue Smart Transportation Market Availability | Page 2

They are mainly used for minimizing traffic jams on roads and managing traffic in cities prominent traffic management solutions comprise traditional signaling and smart signaling systems, and route guidance systems, intelligent video management systems, and video surveillance systems. Smart transportation industry may be explored by service as Support and Maintenance, Consulting, and Deployment and Integration. The “Deployment and Integration” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2024. Deployment and integration service helps in reducing the integration and deployment time. This service is vitalfor emerging end-to-end traffic managing, passenger, parking management system solutions, and ticketing, for the global market. The growing necessity for advancement of the current transport organization to support several smart solutions would initiate the deployment and integration facilities in the market. North America accounted for the major share of the Smart Transportation Market Size in 2015 and will continue to lead in the forecast period due to factors such asearly acceptance of severalnew technologies, increasing government investments in transport infrastructure. On the other hand, Europe is anticipated to benefit from its fast digitization across verticals. Growing technological advancements and increasing acceptance of smart connected devices, followed by a robust government vision, and healthy network infrastructure toward smart transportation are anticipated to propel development in the smart transportation industry. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/smart-transportation-market Some of the key players that fuel the development of the smart transportation market include AGT International, SAP SE, Cisco Systems Inc., IBM Corporation, Logica, Hitachi Inc.,GSM Association, Schneider Inc., Oracle Corporation, Siemens Corporation, ERTICO-ITS, Orange Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. Market Segment: Smart Transportation Solution Outlook (Revenue, USD Billion, 2015 - 2024) • Ticketing management system • Parking management system • Integrated supervision system • Traffic management system Smart Transportation Service Outlook (Revenue, USD Billion, 2015 - 2024) • Cloud services • Business services • Professional services