The report titled Global Smart Transportation Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024), provides an in-depth analysis of the global smart transportation market by value, by transport mode, by solution, by region, etc. The report provides a regional analysis of the smart transportation market, including the following regions: North America (the US & Rest of North America), Europe, Asia Pacific (China, Japan, Australia, India & Rest of Asia Pacific), Middle East and Africa, and Latin America. The report also provides a detailed analysis of the COVID-19 impact on the smart transportation market.
The global Smart Transportation market is fragmented with many major market players operating worldwide. The key players of the smart transportation market are IBM Corporation, Cisco Systems, Inc., Siemens AG, and Accenture are also profiled with their financial information and respective business strategies.
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Middle East and Africa
Smart transportation refers to the use of several advanced technologies that aims to provide innovative services to different modes of transport. Smart transportation also enables users of different transportation modes to be more coordinated, better informed, and make safer use of transportation networks.
Smart transportation is a vertical application of Internet of Things (IoT), in which information and communication technologies are applied in the field of transport, such as car navigation, security CCTV systems, traffic signal control systems, parking guidance, etc. Smart transportation is considered very crucial for four major purposes, which include safety, environmental friendliness, productivity and efficiency, and better quality of life.
The smart transportation market can be segmented on the basis of solution (Integrated Supervision System, Ticketing Management System, Parking Management System, and Traffic Management System); application (Shared Mobility, Route Information and Route Guidance, Transit Hubs, Autonomous/Driverless Vehicles, Video Management, and Others); service (Cloud Services, Business Services, and Professional Services); and transportation mode (Roadways, Railways, Airways, and Maritime).
The global smart transportation market has increased significantly during the years 2017-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The smart transportation market is expected to increase due to evolving mobility market, rapid urbanization, rising investments in smart cities, increasing penetration of Internet of Things (IoT), favorable government initiatives for developing smart transportation, etc. Yet the market faces some challenges such as high initial capital investment, cyber security threats in smart transportation, etc.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Smart Transportation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Smart Transportation Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Smart Transportation industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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