Smart Transportation Market Worth $102.31 Billion by 2018
DALLAS, December 11, 2012 /PRNewswire/ --
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 and 25 figures spread through 193 pages and in-depth TOC
on "Smart Transportation Market - By Solutions (Ticketing Management, Parking Management,
Passenger Information, Traffic Management), Services (Traditional, Advanced, Software)
Worldwide Analysis And Forecasts (2012 -2018)". http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html
Early buyers will receive 10% customization on reports.
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 parking management & guidance,
passenger information, integrated supervision, traffic management and ticketing management
market
[http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html ].
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
[http://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html ] 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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