Market Overview

Global Smart Transportation Market 2018-2023: A $116.85 Billion Opportunity -


The "Global
Smart Transportation Market (2018-2023)"
report has been added
to's offering.

The Global Smart Transportation Market is expected to reach USD 116.85
Bn by 2023, expanding at a CAGR of 9%.

Technological advancements are transforming the way people travel.
Nowadays, vehicles are connected by an array of sensors, which guides
them in traffic, and is very useful for vehicle management. With the
advent of the Internet of Things (IoT), the vision of safe
transportation is evolving at a rapid pace. Utilization of smart
technologies with the intention of building smart cities is frantically
expanding across the world. Over 1 billion connected things are
installed around the globe under smart cities' project initiatives.

Smart transportation is a seen as a major part of the smart city
projects where infrastructures are playing an important role in
providing a platform to implement a connected ecosystem. With the rise
in urbanization globally, investments are pouring into the smart
transportation market. The US Department of Transportation invested
approximately USD 160 Bn in 2016 for smart cities solutions. These
projects are intended to provide better parking and traffic management

Worldwide popularity of cloud-based technologies and related solutions
are driving the adoption of smart transportation. The automotive
industry is adopting cloud technology for navigation, social connection,
infotainment, etc. Moreover, the data collected enhances the qualitative
analysis of current transportation infrastructure and helping in the
implementation of advanced solutions and increase safety. The continuous
demand for improvement in public transport facilities, and safety is
driving the smart transportation business.

The emerging trend of smart connected technology is boosting the
acceptance of smart vehicles. The demand for smart parking is ever
increasing due to massive traffic congestion and lack of parking space
caused by growing number of vehicles. Using smart sensors and parking
meters helps drivers check for free parking space and reserve it in

Companies Featured

  • Siemens AG
  • Cubic Corporation
  • IBM
  • Accenture PLC
  • Cisco Systems
  • Xerox Corporation
  • General Electric Company
  • LG CNS
  • Thales Group
  • Alstom SA

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Global Smart Transportation Market - Market Overview

Chapter 3. North America Smart Transportation Market - Market Overview

Chapter 4. Europe Smart Transportation Market - Market Overview

Chapter 5. Asia Pacific Smart Transportation Market - Market Overview

Chapter 6. Latin America Smart Transportation Market - Market Overview

Chapter 7. Middle East and Africa Smart Transportation Market - Market

Chapter 8. Competitive Landscape

Chapter 9. Conclusion

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