The smart transportation market is expected to reach USD 260.48 Billion by 2026, according to a new report by Reports and Data. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for smart transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally. Also, smart transportation systems can render more reliable safety and security by combining intelligent communication systems in the infrastructure, thus boosting the market growth.The Key players in the Smart Transportation Market include Siemens AG, Thales Group, Cubic Corporation, General Electric Company, Accenture PLC, Cisco Systems, IBM Corporation, Inc. Trapeze Software, TransCore Inc., and WS Atkins.
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For the purpose of this study, Reports and Data have segmented the market on the basis of Application, Solution, Transportation Mode, Deployment, and region:
Application Outlook (Revenue, USD Billion ; 2016-2026)
Safety Assistance
Vehicle Management
Mobility Management
Driver assistance
Others
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Solution Outlook (Revenue, USD Billion ; 2016-2026)
Software
Services
Transportation Mode Outlook (Revenue, USD Billion ; 2016-2026)
Roadways
Railways
Airways
Maritime
Deployment Outlook (Revenue, USD Billion ; 2016-2026)
On-Premise
Cloud
Hybrid
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