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The Smart Transportation Market Expected to Reach $102.31 Billion by 2018, at a CAGR of 23.6% between 2013 and 2018, Says New Market Research Report by MarketsandMarkets
Date:6/8/2013

(PRWEB) June 08, 2013

According to a new market research report, "Smart Transportation Market - by Solutions (Ticketing Management, Parking Management, Passenger Information, Traffic Management), Services (Traditional, Advanced, Software) Worldwide Analysis and Forecasts (2012 - 2018)"published by MarketsandMarkets, the Smart Transportation market expected to reach more than $102.31 billion by 2018, at a CAGR of 23.6%.

Browse:

  • 97 Market Data Tables
  • 25 Figures
  • 193 Pages and In-Depth Table of Content on “Smart Transportation Market”

http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html

Early buyers will receive 10% customization on this report.

Smart transportation is all about smartening the smart streets. This entails providing comprehensive real-time, data-driven capability for designing and implementing policies and operational strategies for traffic, public transport, and urban planning.

The market for smart transportation is fuelled by the advancements across the information and communication technology (ICT) industry. The report on smart transportation report consists of the opportunity analysis of technology adoption across all solution and services market. The report focuses on estimating and forecasting the market potential of the major sub-segments of transportation, which are ticketing management, parking management & guidance, passenger information, integrated supervision, and traffic management.

The report also covers the market potential for the services industry catering to smart transportation. These services include traditional services, advanced services, and software services, covering new technologies such as business analytics and cloud computing. The report also focuses on technologies & standards and analyzes market drivers, restraints, trends and opportunities, along with a study on key players, and the competitive outlook.

The overall smart transportation market, valued at $26.70 billion in 2012, is forecasted to grow at $102.31 billion by 2018, at a CAGR of 23.6% for the period 2013 to 2018. In smart transportation types market, we observe solutions market to be the fastest growing market with CAGR of 22.5%, growing to $66.62 billion by 2018. Apart from the systems and solutions markets, the market for services is also observed to grow at a significant pace.

Other than traditional services associated to maintenance, repair, replace, upgrades or operations outsourcing, there are additional services such as consulting (business, operation, change management, transformation and people management) and software services (business analytics and cloud computing) which have gained major traction in this market.

In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the smart transportation market in North America, Latin America, Western-Europe, Commonwealth of Independent States (CIS) + Eastern Europe, Asia-Pacific (APAC), and Middle East and Africa (MEA).

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Find related Reports to - Telecom and IT Market

About MarketsandMarkets

MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

M&M covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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