March 18, 2019 by Steve blade
Globally the penetration of advanced technologies such as cloud computing and IoT tends to drive the growth of global smart transportation market. According to Goldstein Research, smart transportation market is expected to reach USD 251.40 billion by 2024, growing at a CAGR of 16.75% during the forecast period (2016-2024). Further, Global smart transportation market segmentation has been done on the basis of components, application and geography. The US and Canada government investments in transportation infrastructure developments is driving the growth of market in North America. Whereas, in Europe & Asia Pacific the large automotive industry coupled with advancing transportation facilities and infrastructure in the region, tends to grow their market share in near future.
Global Smart Transportation Market can be segmented as follows:
Based on Components
Based on Application
Smart Transportation Market report by Goldstein Research contains detailed overview of the global smart transportation market. Key players of Global Smart Transportation Market discussed in the report are Cisco Systems, Inc., General Electric Company, Siemens AG, IBM Corporation, Alstom, Cubic Corporation
Further, Global Smart Transportation Market Report encompasses the competitive outlook of major player’s business strategy, financial analysis of the company, geographical revenue distribution and recent developments. The report also includes market size, market share, growth rate, market dynamics, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model, SWOT analysis and the outlook of investment opportunities in the existing and emerging market to help the clients to assess the present trends & future growth prospects in the market.
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