Smart Transportation Market Size Cross to Revenue US$ 184.7 Billion by 2028 | CAGR of 12%

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Smart Transportation Market Size Cross to Revenue US$ 184.7 Billion by 2028 | CAGR of 12%

March 03
18:30 2023
Smart Transportation Market Size Cross to Revenue US$ 184.7 Billion by 2028 | CAGR of 12%
The global smart transportation market size reached US$ 96.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 184.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028.

IMARC Group has recently released a new research study titled “Smart Transportation Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028“, The global smart transportation market size reached US$ 96.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 184.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Smart transportation refers to the integration of various advanced technologies and management strategies into the existing transportation systems. These technologies include traffic signal control systems, car navigation and speed cameras for improving services related to different transportation modes and traffic management. In recent years, smart transportation has gained prominence as it offers reliable, convenient and affordable ways to commute for the masses.

Request for a free sample copy of this report: https://www.imarcgroup.com/smart-transportation-market/requestsample

Smart Transportation Market Trends and Drivers:

The rising working population is accelerating the need for interconnected mobility solutions to reduce commute times, which represents the primary factor driving the global smart transportation market. Additionally, the growing usage of the internet of things (IoT)-enabled devices, machine learning(ML),and 5G technology is contributing to the market growth. Furthermore, the escalating vehicle sales due to rapid urbanization and high disposable incomes are also encouraging the development of smart transportation networks. Other factors, including technological advancements in automobiles, increasing investments and various government initiatives to develop smart cities, and rising road congestion and safety issues, are also expected to propel the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Solution:

  • Hybrid Ticketing Management System
  • Parking Management and Guidance System
  • Integrated Supervision System
  • Traffic Management System
  • Others

Breakup by Service:

  • Business
  • Professional
  • Cloud Based

Breakup by Transportation Mode:

  • Roadways
  • Railways
  • Airways
  • Maritime

Breakup by Application:

  • Mobility as a Service
  • Public Transport
  • Transit Hubs
  • Connected Cars
  • Video Management
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Accenture plc
  • Alstom SA
  • Bentley Systems Incorporated
  • Cisco Systems Inc.
  • Cubic Corporation
  • General Electric Company
  • Indra Sistemas S.A.
  • International Business Machines Corporation
  • Kapsch Aktiengesellschaft
  • Siemens AG
  • Thales Group
  • Xerox Corporation

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4275&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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