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Smart Transportation Market Forecast to 2017-2020

Press Release   •   Jan 06, 2018 14:34 IST

Smart transportation ecosystem includes the integration of intelligent software solutions and innovative services in different types of transport modes so that all managing authorities can have up-to-date transport information; enabling them to make coordinated, smart, and informed decisions. A high-tech and scalable smart transportation system form the building block of a smart city and its sustainable future.

In 2015, traffic management system is the top revenue generating solution for the smart transportation market. The other solutions catered in this segment are ticketing management system, parking management & guidance system, passenger information system, and integrated supervisory system.

The new uncertain world and ever-increasing passenger demands have forced transportation authorities and companies to adopt newer levels of technological specialization. During the last few years, macroeconomics environment has emphasized the high-level competition in the transportation management systems market, thus technology vendors are adopting and developing solutions as per passenger demands to improve transportation services in the areas of operational efficiency, safety and security, and passenger satisfaction and retention. The emergence of advanced technologies will enable the transportation sector to explore new horizons in efficient and effective administration and management of the smart transportation infrastructure.

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Breakdown of profiles of primaries is presented below:

  • By Company Type: Tier 1- 30%, Tier 2–40%, and Tier 3–30%
    • By Designation: C-level — 72%, Director-level — 14%, and Others — 14%
    • By Region: North America — 57%, Europe — 14%, Asia-Pacific — 29%
  • Key vendors profiled in the report are as follows:

    1. IBM Corporation
    2. Oracle Corporation
    3. Red Hat
    4. Software AG
    5. AMP Technologies
    6. Onit, Inc.
    7. BP Logix Inc.
    8. Auraportal
    9. K2.com
    10. nTrustThe smart transportation market research report consists of the future market trends of the smart transportation market; it also presents detailed analysis, market sizing, and forecasting for the emerging submarkets of smart transportation. The report is segmented into smart transportation solution, service, and regional markets. The smart transportation market research report analyzes global adoption trends, future growth potential, key drivers, competitive outlook, restraints, opportunities, and emerging technologies in this market, as well as the smart transportation market ecosystem.

    There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate impact on this market. Therefore, dollar fluctuations are not expected to seriously affect the forecasts in the emerging Asia-Pacific (APAC) region.

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