The global smart transportation market is expected to grow at at CAGR of 23.6% between 2013 and 2018 and reach a value of $102.31 billion by 2018.
Dublin, Ireland (PRWEB) March 19, 2013
The global Smart Transportation market in 2012 is estimated to be $26.70 billion. This market is expected to reach $102.31 billion by 2018, at a CAGR of 23.6% between 2013 and 2018. Latin America, Middle East & Africa, and CIS + Eastern Europe are the growing markets of 45.8%, 39.1%, and 31.4% respectively from 2013 to 2018.
This report on smart transportation analyzes the 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 & 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 analyzes market drivers, restraints, trends and opportunities, along with a study on key players, and the competitive outlook.
The smart transportation market is segmented based on regions such as North America, Latin America, Western Europe, Commonwealth of Independent States (CIS) + Eastern Europe, Asia-Pacific (APAC), and Middle East and Africa (MEA). The market forecasts are provided for each region from 2012 to 2018.
Leading companies profiled in this market research report include Accenture, Affiliated Computer Services Inc, Alstom SA, Cisco Systems Inc, Cubic, ESRI, GE Transportation, IBM, Indra, Ineo, Kapsch, LG CNS, Schneider Electric, Siemens, and Thales.
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