The global smart transportation market size is expected to grow from $94.45 billion in 2020 to $155.6 billion in 2025 with an average annual growth rate (CAGR) of 10% over the forecast period. The major growth drivers of the market are technological advances to improve customer experience, government initiatives and PPP model growth for smart transport, urban population growth and high demographic ratio, and increased adoption of IoT and automation technologies to enhance technology optimization.
A full report of Smart Transportation market is available at: https://www.orionmarketreports.com/smart-transportation-market/23063/
Smart Transportation Market Key Segments:
By Solution
• Hybrid Ticketing Management System
• Parking Management & Guidance System
• Integrated Supervision System
• Traffic Management System
By Service
• Business
• Professional
• Cloud
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Transportation Market Report
• What was the Smart Transportation market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Smart Transportation market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Smart Transportation market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
