Development of smart cities along with automation in transportation industry is fuelling the growth of smart transportation market all across the globe. Global smart transportation market was valued at USD 64.25 billion in 2015 and further the market is anticipated to witness a notable growth over the forecast period i.e. 2016-2024. On the back of high adoption rate of smart sensors and GPS trackers platform and hardware section is estimated to witness a remarkable growth in upcoming future. Regionally, North America holds the largest share in global smart transportation market and is expected to reach USD 75 billion by the end of 2024. Growing penetration of connected cars is expected to be the key reason behind the growth of transportation industry

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Market Segmentation
The segmentation of global smart transportation market can be done on the following basis:
• Based on Components
o Hardware
• Sensors
• RFID Tags
• GPS Trackers
• Portable Computers
• Others (Industrial monitor devices, box computers)
o Software
• Data Management Software
• Network Management Software
• Security Software
• Remote Monitoring Software
• Real Time Streaming Analysis Software
o Platforms
• Connectivity/M2M Platforms
• Infrastructure-as-a-Service (Iaas) Backend Platforms
• Hardware specific software Platforms
• Consumer/Enterprise Software Extension Platforms
• Based on Application
o Vehicle Management
o Mobility Management
o Traffic Management
o Parking Management
o Safety Assistance
o Others( Driver assistance, Infotainment, Well being)
• Based on Geography
o North America (U.S. & Canada)
o Latin America (Brazil, Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World

“Global Smart Transport Market Outlook 2024” contains detailed overview of the global smart transport market in terms of market segmentation by component type and by application type.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the Global smart transport market which includes profiling of companies of Alstom, Cisco Systems, IBM Corporation, Cubic Corporation etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global smart transport market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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