Smart Transportation Industry Insights,
Business Opportunities, Competitor
Analysis, Forthcoming Developments &
Future Investments 2016 to 2022
Market Overview:
In this fast growing environment, companies are increasing investments in internet of things (IoT),
and innovation. In Smart Transport market innovation is a key driver. In this changing environment
with an increase of demands of efficient transportation networks, integrated security & safety and
others there is a need to develop and adopt to the Smart Transport systems. The increasing focus of
government in building smart cities is predicted to drive smart transportation demand as it is an
integral part of the smart city projects.
The Smart Transport systems are developing rigorously to overcome some of existing issues such
as lack of good quality and safe public transportation, reduced road safety concerns, inadequate
capacity of manage public transportation, poor traffic management, overcrowded road network, theft,
poor road conditions, parking issues and others. The study indicates a need for large database of
road networks and high costs of installation would be the restraining factor for Smart Transport
Market.
The Smart Transport Market is growing rapidly over 24% of CAGR and is expected to reach at USD
273 Billion by the end of forecast period.
Sample Copy of Report @ https://www.marketresearchfuture.com/reports/smart-transportation-
market-2467
Key Players:
The prominent players in the Smart Transport Market are- Cisco Systems, Inc. (U.S.), General
Electric Company (U.S.), Alstom SA (France), Cubic Corporation (U.S.), Kapsch (Austria), IBM
Corporation (U.S.), Thales Group (France), Siemens AG (Germany), AECOM (U.S.), Accenture Plc
(Ireland), LG CNS Co. Ltd. (Korea), TomTom International B.V. (Netherlands) among others.
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