Tag Archives: Smart Transportation Market

Smart Transportation Market Analysis To Reach $285.12 Billion By 2024: Grand View Research, Inc.

The ****** smart transportation market size is estimated to reach USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc., registering a CAGR of 22.5% during the forecast period. Rising number of on-road vehicles and ineffective existing transport infrastructure are expected to propel the need for efficient management systems. Favorable government initiatives for building better infrastructure and smooth running of existing transport systems are expected to boost industry growth.

Smart Transportation Market Pit Falls, Present Scenario and Growth Prospects from 2018 to 2025

ReportBazzar has released its latest research-based report entitled ‘Smart Transportation market.

The ****** 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 Market Analysis & Forecast 2018 to 2025

Bharat Book Bureau Provides the Trending Market Research Report on “****** Smart Transportation Market Size Study, By Solution (Traffic Management, Passenger Information, Parking, Integrated Supervision and Others), By Service (Cloud, Professional, and Business), and By Regional Forecasts, 2018-2025 ” under Heavy Industry category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

****** Smart Transportation Market to reach USD 343.77 billion by 2025.

Smart Transportation Market Asia Pacific Is Expected To Be Fastest Growing Region

​Smart Transportation Market uses information technology and artificial intelligence to efficiently manage and coordinate transportation systems. The application of smart transportation network allows the travelling population to have better knowledge of the traffic for better coordination. In addition, the use of smart transportation also ensures safety for the drivers. The market is experiencing growth due to their increasing demand across all geographic locations.

Smart Transportation Market 2022 by Scope, Size, Opportunities and Growth Rate analysis

Market Scenario:

The use of information technology and artificial intelligence to effectively manage and co-ordinate the transportation refers to the Smart transportation. The smart transportation aims to provide innovative services relating to different modes of transport and traffic management. It enable various users to be better informed and make safer, more coordinated use of transport network. It can be used in various road traffic environments to follow and capture numerous vehicles at the same time in a large scene.