Global Smart Transportation Market was valued at USD 104.52 Billion in 2021, and is expected to reach USD 234.01 Billion by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029).  

Smart Transportation Market Overview

The report by Maximize Market Research focuses on the Smart Transportation market and provides an in-depth analysis by segments and sub-segments in global and regional markets. The report also includes drivers, restraints, and macro factors affecting the global and regional Smart Transportation markets in the medium and long run. The research includes an in-depth analysis of the global Smart Transportation market's trends, predictions, and monetary values. According to the report, between the years 2021 and 2029, the global Smart Transportation market is predicted to grow at a significant CAGR.

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Smart Transportation Market Scope

The report explores demand through forecasts period, market trends, and micro and macro determinants. Moreover, the research illustrates the variables that are driving and limiting the Smart Transportation market's growth. The MMR provides existing and new market participants insight into prospective investment opportunities in Smart Transportation market. To give market insights, the report employs analytical approaches such as Porter's five forces analysis and PESTLE of the Smart Transportation market. In addition, the study looks at current market trends as well as estimates for the years 2021-2029. The report identified important future developments that will have an impact on demand over the forecast period in the market.

Smart Transportation Market Segmentation

According to Solution, the global market for Smart Transportation solutions was led by traffic management system solutions in 2021 as a result of expanding urbanisation, rising environmental concerns, and a desire for real-time information. Due to the government's growing attention on traffic management and several initiatives in North America aiming at traffic management solutions and services, the traffic management system is widely used in North America. Real-time traffic management, remote monitoring technologies, data management, Software as a Service (SaaS)-based solutions, and the Internet of Things are key trends in the market for traffic management systems. Rapid urbanisation, the rise of the idea of smart cities and smart traffic are the main market possibilities for traffic management systems.

Based on Service, the cloud service segment dominated the world market for smart transportation in 2021. This was because they could offer solutions for various computing needs, such as controlling and accessing data remotely. Additionally, cloud services offer a number of advantages like adaptable cloud space capacity, automatic software updates, remote working from anywhere, and more. Cloud services are the market leader in the smart transportation sector. The provision of business applications tailored to particular industries is the dominant trend in the market for cloud services. The industry is also growing as a result of cloud infrastructure as a service (IaaS), cloud management, and cloud application infrastructure as a service.

  1. Global Smart Transportation Market: Research Methodology
  2. Global Smart Transportation Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Smart Transportation Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders
  • Recommendations for New Market Entry
  1. Global Smart Transportation Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact
  1. Global Smart Transportation Market Segmentation
  • Global Smart Transportation Market, by Transportation Mode (2021-2029)
  • Global Smart Transportation Market, by Solution (2021-2029)
  • Global Smart Transportation Market, by Application (2021-2029)
  • Global Smart Transportation Market, by Service (2021-2029)
  1. Regional Smart Transportation Market(2021-2029)
  • Regional Smart Transportation Market, by Transportation Mode (2021-2029)
  • Regional Smart Transportation Market, by Solution (2021-2029)
  • Regional Smart Transportation Market, by Application (2021-2029)
  • Regional Smart Transportation Market, by Service (2021-2029)
  • Regional Smart Transportation Market, by Country (2021-2029)
  1. Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy
  • Recent Developments

Smart Transportation Market Key Players

• Thales
• Huawei
• Siemens
• Cisco Systems
• Cubic
• Bombardier
• Toshiba
• Harris
• Saab
• Veson Nautical
• Advanced Navigation Positioning Corporation (ANPC)
• BASS Software
• Indra Sistemas
• Trimble
• TomTom
• Amadeus
• Conduent
• Kapsch
• Hitachi
• The Descartes Systems
• Accenture
• Rockwell Collins

Regional Analysis

The research report gives a detailed analysis of the Smart Transportation market that is divided into regions. The report includes an evaluation of regional market participants operating in the competitive market, as well as findings existing in the target market. Based on the regional and country by-country, the research evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region's market is thoroughly studied, allowing for the discovery of regional Smart Transportation market trends, constraints, and growth potential.

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Key Questions answered in the Smart Transportation Market Report are:

  • What is Smart Transportation Market?
  • What is the forecast period of the Smart Transportation Market?
  • What is the competitive scenario of the Smart Transportation market?
  • Which region held the largest market share in the Smart Transportation Market?
  • What are the opportunities for the Smart Transportation Market?
  • What are the restraining factors in the Smart Transportation market?
  • Who are the key players of the Smart Transportation market?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Smart Transportation
  • Landscape- Leading key players and other prominent key players.

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