Smart Transportation Market to Expand at 19.7% CAGR | Gemalto NV, Thales Group, Alstom, Schneider El

The Smart Transportation Market research report explains in depth description, competitive scenario, product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. This market report offers an actionable market insight with which sustainable and profitable business strategies can be built. This Smart Transportation Market report has been prepared by conducting market research in a systematic manner.

Global smart transportation market is expected to register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026.It demonstrates an expansive framework of the market in light of the components that are anticipated to have an amazing and quantifiable impact on the market’s formative conditions over the assessed time span.

Key players profiled in this report are:

Some of the prominent participants operating in this market are Kapsch Traffic Com, Gemalto NV, Thales Group, Alstom, Schneider Electric, Siemens Ltd., MSR-Traffic, Cubic Corporation, WS ATKINS PLC, Cisco System, Inc., Accenture, IBM, LG CNS, Indigo Group and Toshiba Corporation and others.

Segmentation: Global Smart Transportation Market

On the basis of service, the market is segmented into professional services and cloud services. Cloud services segment is growing at the highest CAGR of 20.2% in the forecast period of 2019 to 2026.

• Cloud services segment is expected to grow with the highest CAGR due to increasing demand for managing traffic control with the help of cloud based intelligent transportation systems.

On the basis of transportation, the market is segmented into roadways, railways, waterways and airways.Airways segment is growing at the highest CAGR of 20.4% in the forecast period of 2019 to 2026.

• Airways segment is expected to grow with the highest CAGR due to growing developments and high usage of smart technologies in areas such as North America, Europe and other regions.

On the basis of solution, the market is segmented into passenger information solution, traffic management solution, parking management solution, smart ticketing solution, insurance telematics solution and integrated supervision solution. The passenger information solution is sub-segmented into network connectivity and multimedia information & entertainment.

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Product Launch:

• In November, Cisco system, Inc delivered business intelligence IoT solution that is beneficial in launching smart city projects.
• In March, Cisco system, Inc. introduced transport network modernization for deploying older transport network and re-engineering network configuration.
• In September, Cisco system, Inc. launched new transportation solution that is beneficial for delivering new passenger services, improve the traffic conditions and provides a safe environment to the users.

Reasons to Purchase this Report

• Current and future of Global Smart Transportation Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.