Smart Transportation Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The smart transport market size is expected to grow by 11% to US $ 94.5 billion during the forecast period in 2021, increasing to US $ 156.5 billion in 2028.The world’s population growth has led to rapid urbanization, leading to many problems such as road congestion and safety issues. The need to formulate sustainable solutions to address these challenges is gaining worldwide attention. With the advent of cloud-based technology and the development of V2V (Vehicle-to-Vehicle) and V2I (Vehicle-to-Grid infrastructure), smart transportation is becoming a reality.

 

Company Profile

• Accenture Plc
• Siemens
• IBM
• Cisco Systems
• GE Transportation
• Xerox Corporation
• Cubic Corporation
• Thales S.A.
• Kapsch AG

 

Market Segmentation

By Solution

• Hybrid Ticketing Management System
• Parking Management & Guidance System
• Integrated Supervision System
• Traffic Management System

By Service

• Business
• Professional
• Cloud

 

Scope of the Report

The research study analyzes the Smart Transportation Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Smart Transportation Market Report

 

1. What was the Smart Transportation Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Smart Transportation Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Smart Transportation Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.