(PRWEB UK) 17 January 2013
The Smart Transportation market is expected to hit $102.31 billion by 2018 reveals Reportbuyer.com. The market will grow at a CAGR of 23.6% between 2013 and 2018. Latin America, Middle East & Africa, and Eastern Europe are the growing markets of 45.8%, 39.1%, and 31.4% respectively from 2013 to 2018.
The Smart Transportation Market report provides an 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 and 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 analyses market drivers, restraints, trends and opportunities, along with a study on key players, and the competitive outlook. View the report here.