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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 segmentationhas beendoneon 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.

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Market Segmentation

Global Smart Transportation Market can be segmented as follows:

Based on Components

  • Hardware
  1. Sensors
  2. RFID Tags
  3. GPS Trackers
  4. Portable Computers
  5. Others (Industrial monitor devices, box computers)
  • Software
  1. Data Management Software
  2. Network Management Software
  3. Security Software
  4. Remote Monitoring Software
  5. Real Time Streaming Analysis Software
  • Platforms
  1. Connectivity/M2M Platforms
  2. Infrastructure-as-a-Service (Iaas) Backend Platforms
  3. Hardware specific software Platforms
  4. Consumer/Enterprise Software Extension Platforms

Based on Application

  • Vehicle Management
  • Mobility Management
  • Traffic Management
  • Parking Management
  • Safety Assistance

By Region

  • North America Smart Transportation Market Analysis, 2016-2024
  • Europe Smart Transportation Market Analysis, 2016-2024
  • Middle East and Africa Smart Transportation Market Analysis, 2016-2024
  • Latin America Smart Transportation Market Analysis, 2016-2024
  • Asia Pacific Smart Transportation Market Analysis, 2016-2024
  • Rest of the World Smart Transportation Market Analysis, 2016-2024

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.

Browse Full Report: https://www.goldsteinresearch.com/report/global-smart-transportation-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on transportation industry analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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