Smart transportation
is a technologically advanced transportation system that uses IT to improve
roadway, railway, airway, and marine transport networks. The increasing number
of vehicles on the road has forced governments to focus on road transportation.
Therefore, this report focuses on smart transportation applications for
roadways. These applications are highly effective in communicating traffic and
navigation-related information to vehicle drivers and travelers.
Analysts forecast
the Global Smart
Transportation market will grow at a CAGR of 18.35 percent over the
period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Smart
Transportation Market: Accenture plc, Alstom SA, Cisco System Inc.,GE
Transportation, IBM Corp., Indra Sistemas SA, KapschTrafficCom AG, Schneider
Electric Co., Siemens AG, Thales Group
One of the emerging
trends in this market is the increasing investment in traffic management
systems. These systems can help authorities control traffic, especially in
cases of intense traffic congestion.
According to the
report, smart transportation systems can smoothly control traffic reducing the
risk of collisions. Operators monitoring the incoming feeds can also alert
emergency services in case of collisions. Government initiatives promoting the
use of smart transportation systems drive the market growth.
Covered in this Report
The Global Smart Transportation market can be divided into two segments: Solutions and Services. The solutions and services offered by the vendors can help in making the transportation systems automatic and thereby help government and private service providers to provide a fast and efficient service to customers.
The Global Smart Transportation market can be divided into two segments: Solutions and Services. The solutions and services offered by the vendors can help in making the transportation systems automatic and thereby help government and private service providers to provide a fast and efficient service to customers.
Smart Transportation
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers North America, the EMEA region,
the APAC region, and Latin America; it also covers the Global Smart
Transportation market landscape and its growth prospects in the coming years.
The report also includes a discussion of the key vendors operating in this
market.
Further, the report
states that the high maintenance and implementation costs could result in
limited adoption of smart transportation systems. Low funding to implement
smart transportation systems and low capital expenditure could inhibit the
optimal use of these systems in the long run.
