HOME Top Market Reports Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020

Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: TC 2365

 

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Smart transportation is primarily concerned with resourcefully and efficiently managing the road, rail, and air transportation modes and allied transport infrastructure. According to a published research findings, an average American driver spends 38 hours in traffic each year. Similarly, British drivers spend 30 hours in traffic jams each year. This can be avoided easily with the advent of smart transportation solutions like traffic management systems for congested cities, such as Los Angeles, London, Brussels, Milan, and Mumbai. Apart from traffic, there is a need for automation in city tolls, bus/train ticketing, and parking lots to save time and carbon emissions. All these factors make it imperative for cities to deploy smart transportation systems.

The main long-term drivers of the growth of intelligent transportation infrastructure are linked to economic and demographic growth in the emerging markets. In developed markets, they are related to the renewal and upgradation of existing infrastructures, as well as increased environmental and sustainability awareness. In spite of the recent global economic downturn with slower growth and governments' mounting deficits, the long-term outlook for the transportation industry remains positive, with investments in rail, road and urban transport projects not being significantly impacted.

The report on smart transportation includes the opportunity analysis of technology adoption across all solutions and services market. The report focuses on estimating and forecasting the market potential of the major sub-segments of smart transportation, which are ticketing management, parking management & guidance, passenger information, integrated supervision, and traffic management. The report also covers the market potential for the services industry catering to smart transportation. These services include business services, professional services, and cloud services, covering new technologies such as business analytics and cloud computing. The report also focuses on technologies & standards and analyzes market drivers, restraints, trends, and opportunities, along with a study on key players and the competitive outlook.

The smart transportation market is also segmented based on regions into North America (NA), Latin America (LA), Europe, Asia-Pacific (APAC), and the Middle East and Africa (MEA). The market forecasts are provided for each region from 2015 to 2019. The smart transportation market report profiles leading companies such as Accenture, Xerox, Alstom SA, Cisco Systems Inc., Cubic Corporation, GE Transportation, IBM, Indra, Kapsch, LG CNS, Schneider Electric, and Siemens.

MarketsandMarkets has segmented the global smart transportation market on the basis of solutions, services, and regions. The market research report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in this market.

Smart Transportation Market, by Solution

This market is segmented on the basis of solutions into the following sub-segments:

  • Ticketing management solution
    • Open Payment
    • NFC
    • Smart Card
      • Chip based RFID
      • Chip less RFID
      • Others
  • Parking management and guidance system
    • Access Control
    • Security
    • Ticketing and Revenue Management
    • Level wise Vehicle Counting
    • Guidance Display System
  • Passenger information system
    • In Station & Onboard System
    • GIS and GPS enabled System
    • Collaborative PIS: V2V System
    • Multimodal Information System
  • Integrated supervisory system
    • SILO System
    • SCADA
  • Traffic management system
    • Traditional Signaling & Video Surveillance System
    • Route Guidance System
    • Smart Signaling System
    • Intelligent Video Management System
    • Others

 Smart Transportation Market, by Service

This market is segmented on the basis of service into the following segments:

  • Business services
  • Cloud services
  • Professional services

Smart Transportation Market, by Region

Geographical regions are classified under the following heads:

  • North America
  • Europe
  • Latin America
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Smart Transportation Market
    4.2 Overall Smart Transportation Market, 2015 vs 2020
    4.3 Smart Transportation Solutions Market Share Snapshot
    4.4 APAC Smart Transportation Market, By Solution, 2015–2020
    4.5 Lifecycle Analysis, By Region
    4.6 Market Share: Smart Transportation Market By Type, 2015

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Smart Transportation vs Traditional Transportation
    5.3 Smart Transportation: Architecture
    5.4 Market Segmentation
           5.4.1 By Solution
           5.4.2 By Service
           5.4.3 By Region
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Demographic Growth and Hyper-Urbanization
                    5.5.1.2 Necessity of Smooth Traffic Flow
                    5.5.1.3 Reducing Greenhouse Gas Emission
                    5.5.1.4 Government Initiatives and Partnership Models
           5.5.2 Restraints
                    5.5.2.1 Lack of Funding and Capital Expenditure
                    5.5.2.2 Lack of A Standardized and Uniform Technology
                    5.5.2.3 Investment in Legacy Systems
                    5.5.2.4 Socioeconomic and Political Factors
                    5.5.2.5 Low Penetration Rate of Dedicated Short Range Communication
           5.5.3 Opportunities
                    5.5.3.1 Smart City Initiatives
                    5.5.3.2 Increasing Adoption of Iot Technology
           5.5.4 Challenges
                    5.5.4.1 Security Constraints
                    5.5.4.2 Data Fusion Challenge

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Force Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Strategic Benchmarking

7 Smart Transportation Market Analysis, By Solution (Page No. - 53)
    7.1 Introduction
    7.2 Ticketing Management System
           7.2.1 Open Payment System
           7.2.2 Near Field Communication
           7.2.3 Smart Card
                    7.2.3.1 Chip-Based RFID
                    7.2.3.2 Chipless RFID
                    7.2.3.3 Others
    7.3 Parking Management and Guidance System
           7.3.1 Access Control
           7.3.2 Security
           7.3.3 Ticketing and Revenue Management
           7.3.4 Level-Wise Vehicle Counting System
           7.3.5 Guidance Display System
    7.4 Passenger Information System
           7.4.1 In-Station & On-Board System
           7.4.2 Gis/Gps Enabled Systems
           7.4.3 Collaborative PIS: V2v System
           7.4.4 Multi-Modal Information System
    7.5 Integrated Supervision System
           7.5.1 Silo System
           7.5.2 Supervisory Control and Data Acquisition System
    7.6 Traffic Management System
           7.6.1 Traditional Signaling and Video Surveillance System
           7.6.2 Route Guidance System
           7.6.3 Smart Signaling System
           7.6.4 Intelligent Video Management System

8 Smart Transportation Market Analysis, By Service (Page No. - 80)
    8.1 Introduction
    8.2 Business Services
    8.3 Professional Services
    8.4 Cloud Services

9 Geographic Analysis (Page No. - 85)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 Latin America
    9.6 Middle East and Africa

10 Competitive Landscape (Page No. - 116)
     10.1 Overview
     10.2 Competitive Situation and Trends
     10.3 Mergers and Acquisitions
     10.4 Partnerships, Agreements, Joint Ventures, and Collaborations
     10.5 New Product Launches
     10.6 Business Expansions

11 Company Profiles (Page No. - 124)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Introduction
     11.2 Alstom, SA
     11.3 Cisco System, Inc.
     11.4 General Electric Company (GE)
     11.5 International Business Machine (IBM) Corporation
     11.6 LG CNS Corporation
     11.7 Accenture PLC
     11.8 Xerox Corporation
     11.9 Cubic Corporation
     11.10 Indra Sistema S.A.
     11.11 Kapsch

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 152)
     12.1 Excerpts Form Industry Experts
     12.2 Other Developments
             12.2.1 Mergers and Acquisitions (2011-2015)
             12.2.2 Partnerships, Agreements, Joint Ventures, and Collaborations (2011-2015)
             12.2.3 New Product Launches (2011-2015)
             12.2.4 Business Expansion (2011-2015)
     12.3 Discussion Guide
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (94 Tables)

Table 1 Smart Transportation Market Size and Growth Rate, 2013–2020 ( USD Billion, Y-O-Y %)
Table 2 Smart Transportation: Analysis of Drivers
Table 3 Smart Transportation: Analysis of Restraints
Table 4 Smart Transportation: Analysis of Opportunities
Table 5 Smart Transportation: Analysis of Challenges
Table 6 Smart Transportation Market Size, By Solution, 2013–2020 ( USD Billion)
Table 7 Smart Transportation Solution Market Size, By Region, 2013–2020 ( USD Billion)
Table 8 Ticketing Management System: Smart Transportation Market Size,By Type, 2013–2020 ( USD Billion)
Table 9 Ticketing Management System: Smart Transportation Market Size,By Region, 2013–2020 ( USD Billion)
Table 10 Open Payment System: Smart Transportation Market Size, By Region, 2013-2020 ( USD Billion)
Table 11 NFC: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 12 Smart Card: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 13 Smart Card: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 14 Chip-Based RFID: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 15 Chipless RFID: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 16 Others: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 17 Parking Management and Guidance System: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 18 Parking Management and Guidance System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 19 Access Control: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 20 Security: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 21 Ticketing and Revenue Management: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 22 Level-Wise Vehicle Counting System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 23 Guidance Display System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 24 Passenger Information System: Smart Transportation Market Size,By Type, 2013–2020 ( USD Billion)
Table 25 Passenger Information System: Smart Transportation Market Size,By Region, 2013–2020 ( USD Billion)
Table 26 In-Station and On-Board System: Smart Transportation Market Size,By Region, 2013–2020 ( USD Billion)
Table 27 Gis/Gps Enabled System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Illion)
Table 28 Collaborative PIS: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 29 Multi-Modal Information System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 30 Integrated Supervision System: Smart Transportation Market Size,By Type, 2013–2020 ( USD Billion)
Table 31 Integrated Supervision System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 32 Silo System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 33 Supervisory Control and Data Acquisition System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 34 Traffic Management System: Smart Transportation Market Size,By Type, 2013–2020 ( USD Billion)
Table 35 Traffic Management System: Smart Transportation Market Size,By Region, 2013–2020 ( USD Billion)
Table 36 Traditional Signaling and Video Surveillance System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 37 Route Guidance System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 38 Smart Signaling System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 39 Intelligent Video Management System: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 40 Smart Transportation Market Size, By Service, 2013–2020 ( USD Billion)
Table 41 Smart Transportation Service Market Size, By Region, 2013–2020 ( USD Billion)
Table 42 Business Service: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 43 Professional Service: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 44 Cloud Service: Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 45 Smart Transportation Market Size, By Region, 2013–2020 ( USD Billion)
Table 46 North America: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 47 North America: Smart Transportation Market Size, By Solution Type, 2013–2020 ( USD Billion)
Table 48 North America: Smart Transportation Market Size, By Ticketing Management System Type, 2013–2020 ( USD Billion)
Table 49 North America: Smart Transportation Market Size, By Smart Cards Type, 2013–2020 ( USD Billion)
Table 50 North America: Smart Transportation Market Size, By PMGS Type, 2013–2020 ( USD Billion)
Table 51 North America: Smart Transportation Market Size, By PIS Type, 2013–2020 ( USD Billion)
Table 52 North America: Smart Transportation Market Size, By ISS Type, 2013–2020 ( USD Billion)
Table 53 North America: Smart Transportation Market Size, By Traffic Management System Type, 2013-2020 ( USD Billion)
Table 54 North America: Smart Transportation Market Size, By Service Type, 2013–2020 ( USD Billion)
Table 55 Europe: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 56 Europe: Smart Transportation Market Size, By Solution Type, 2013–2020 ( USD Billion)
Table 57 Europe: Smart Transportation Market Size, By Ticketing Management System Type, 2013–2020 ( USD Billion)
Table 58 Europe: Smart Transportation Market Size, By Smart Cards Type, 2013–2020 ( USD Billion)
Table 59 Europe: Smart Transportation Market Size, By PMGS Type, 2013–2020 ( USD Billion)
Table 60 Europe: Smart Transportation Market Size, By PIS Type, 2013–2020 ( USD Billion)
Table 61 Europe: Smart Transportation Market Size, By ISS Type, 2013–2020 ( USD Billion)
Table 62 Europe: Smart Transportation Market Size, By Traffic Management System Types, 2013–2020 ( USD Billion)
Table 63 Europe: Smart Transportation Market Size, By Service Type, 2013–2020 ( USD Billion)
Table 64 Asia-Pacific: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 65 Asia-Pacific: Smart Transportation Market Size, By Solution Type, 2013–2020 ( USD Billion)
Table 66 Asia-Pacific: Smart Transportation Market Size, By Ticketing Management System Type, 2013–2020 ( USD Billion)
Table 67 Asia-Pacific: Smart Transportation Market Size, By Smart Cards Type, 2013–2020 ( USD Billion)
Table 68 Asia-Pacific: Smart Transportation Market Size, By PMGS Type, 2013–2020 ( USD Billion)
Table 69 Asia-Pacific: Smart Transportation Market Size, By PIS Type, 2013–2020 ( USD Billion)
Table 70 Asia-Pacific: Smart Transportation Market Size, By ISS Type, 2013–2020 ( USD Billion)
Table 71 Asia-Pacific: Smart Transportation Market Size, By Traffic Management System Type, 2013–2020 ( USD Billion)
Table 72 Asia-Pacific: Smart Transportation Market Size, By Service Type, 2013–2020 ( USD Billion)
Table 73 Latin America: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 74 Latin America: Smart Transportation Market Size, By Solution Type, 2013–2020 ( USD Billion)
Table 75 Latin America: Smart Transportation Market Size, By Ticketing Management System Type, 2013–2020 ( USD Billion)
Table 76 Latin America: Smart Transportation Market Size, By Smart Cards Type, 2013–2020 ( USD Billion)
Table 77 Latin America: Smart Transportation Market Size, By PMGS Type, 2013–2020 ( USD Billion)
Table 78 Latin America: Smart Transportation Market Size, By PIS Type, 2013–2020 ( USD Billion)
Table 79 Latin America: Smart Transportation Market Size, By ISS Type, 2013–2020 ( USD Billion)
Table 80 Latin America: Smart Transportation Market Size, By Traffic Management System Type, 2013–2020 ( USD Billion)
Table 81 Latin America: Smart Transportation Market Size, By Service Type, 2013–2020 ( USD Billion)
Table 82 Middle East and Africa: Smart Transportation Market Size, By Type, 2013–2020 ( USD Billion)
Table 83 Middle East and Africa: Smart Transportation Market Size By Solution Type, 2013–2020 ( USD Billion)
Table 84 Middle East and Africa: Smart Transportation Market Size, By Ticketing Management System Type, 2013–2020 ( USD Billion)
Table 85 Middle East and Africa: Smart Transportation Market Size, By Smart Cards Type, 2013–2020 ( USD Billion)
Table 86 Middle East and Africa: Smart Transportation Market Size, By PMGS Type, 2013–2020 ( USD Billion)
Table 87 Middle East and Africa: Smart Transportation Market Size, By PIS Type, 2013–2020 ( USD Billion)
Table 88 Middle East and Africa: Smart Transportation Market Size, By ISS Type, 2013–2020 ( USD Billion)
Table 89 Middle East and Africa: Smart Transportation Market Size, By Traffic Management System Type, 2013–2020 ( USD Billion)
Table 90 Middle East and Africa: Smart Transportation Market Size, By Service Type, 2013–2020 ( USD Billion)
Table 91 Mergers and Acquisitions, 2014–2015
Table 92 Partnerships, Agreements, Joint Ventures, and Collaborations, 2014–2015
Table 93 New Product Launches, 2014–2015
Table 94 Business Expansions, 2014–2015


List of Figures (49 Figures)

Figure 1 Global Smart Transportation Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions
Figure 7 Limitations
Figure 8 Smart Transportation Market Size and Growth Rate, 2013–2020 ( USD Billion, Y-O-Y %)
Figure 9 North America Would Hold the Largest Market Share in 2015
Figure 10 Top Segments for the Smart Transportation Market From 2015 to 2020
Figure 11 Increasing Adoption of Iot Technology and Smart Cities Initiatives are Driving the Market
Figure 12 Global Smart Transportation Market, By Region, 2015 vs 2020 ( USD Billion)
Figure 13 Traffic Management System Would Hold the Largest Market Share in 2020
Figure 14 Passenger Information System Leads the Solutions Market During the Forecast Period, 2015–2020
Figure 15 Smart Transportation Regional Lifecycle Analysis
Figure 16 Smart Transportation: Architecture Diagram
Figure 17 Smart Transportation Market Segmentation: By Solution
Figure 18 Smart Transportation Market Segmentation: By Service
Figure 19 Smart Transportation Market Segmentation: By Region
Figure 20 Smart Transportation Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Smart Transportation: Value Chain Analysis
Figure 22 Smart Transportation: Strategic Benchmarking
Figure 23 Passenger Information System is Expected to Be the Leading Solution in 2015
Figure 24 Five Party System: Open Payment System
Figure 25 Comparison of Coverage Area for Different Wireless Communication Technologies
Figure 26 Cloud Services is Expected to Lead the Smart Transportation Services Market
Figure 27 Asia-Pacific: An Attractive Destination for Smart Transportation Market, 2015–2020
Figure 28 Asia Pacific: An Attractive Destination for Most Solutions
Figure 29 NA Market Snapshot: Parking Management and Guidance System is Expected to Be the Fastest Growing Solution for the Forecast Period
Figure 30 APAC Market Snapshot
Figure 31 Companies Adopted Growth Strategies Such as New Product Launches and Partnerships
Figure 32 LG CNS Grew at the Highest CAGR Between 2010 and 2014
Figure 33 Market Evaluation Framework
Figure 34 Battle for Market Share: Partnership, Agreement, Joint Ventures, and Collaboration Was the Key Strategy From 2011-2015
Figure 35 Geographic Revenue Mix of Top 5 Market Players
Figure 36 Alstom, SA.: Company Snapshot
Figure 37 SWOT Analysis: Alstom, SA
Figure 38 Cisco System, Inc.: Company Snapshot
Figure 39 SWOT Analysis: Cisco System, Inc.
Figure 40 General Electric Company : Company Snapshot
Figure 41 SWOT Analysis: General Electric Company
Figure 42 IBM Corporation: Company Snapshot
Figure 43 SWOT Analysis: International Business Machine Corporation
Figure 44 SWOT Analysis: LG CNS Corporation
Figure 45 Accenture PLC: Company Snapshot
Figure 46 Xerox Corporation: Company Snapshot
Figure 47 Cubic Corporation: Company Snapshot
Figure 48 Indra: Company Snapshot
Figure 49 Kapsch: Company Snapshot

The world population continues to soar at an alarming rate; which brings the related glitches such as pollution explosion and unchecked migration to cities. Cities are the most important drivers of economic growth; and the backbone of cities remains the intelligent transportation infrastructure. Transport is an essential part of a nation‘―s economy, allowing individuals to travel from one destination to another and goods and services to be effectively delivered. According to the European Commission, the European Union (EU) loses 1% of their GDP per year due to congestion around the urban area. Only road transport accounts for more than 40% of CO2 emission across the globe and 60% are other pollutants. As the use of transportation facilities will continue to upsurge the advancement of new technologies in the transportation infrastructure, the urban sector will face a tough challenge with the management of transportation system.

ICT plays a vital role in the transformation of the transportation industry. Smart transportation is all about integrating ICT technologies with the existing transportation infrastructure, delivering real-time online information about the traffic flow and passengers/commuters. With the help of digital technologies such as advanced control systems and sensor technologies, transportation around the cities can be monitored and efficiently controlled. Smart transportation also includes interfacing smart intermodal technologies with other modes of transport and setting up or upgrading the smart solutions, so that passengers can take informed decisions with respect to their transport requirements.

Smart cities integrates multiple technologies, government and society to enable various characteristics such as smarter economy, smarter mobility, smarter environment, smarter people, smarter living, and smarter governance. A smarter city would encompass aspects of smart transportation, security, energy management, carbon emissions, and sustainability as the ideal option for decision-makers and authorities. In terms of bureaucratic administration, technological capabilities, monetary welfare and socio-economic specifications; smart cities are highly differentiated. Majority of the 1,063 smart cities around the globe each with population surpassing 500,000, are growing at a rate faster than the average urban growth. This opens up new market opportunities for the industry players to grow their business in the smart cities environment.  Investment in advanced infrastructure facilities for appropriate functioning of smart city services is forecasted to be USD 30-40 trillion over the next 20 years. Smart transportation is the core segment in the infrastructure development of cities. The market players are investing about 10% of their annual turnover into R&D to upgrade the technologies and develop new products for smart transportation.

Smart Transportation solutions have been successfully deployed in some of the metropolitan cities around the world. The solutions have proven to be proficient in diminishing the traffic congestion issues. Even though intelligent transportation systems (ITS) have been around since many years, the contemporary set solutions provide tools for traffic estimation, passenger information, consulting services, data analytics and decision support, fare collection and ticketing. For instance, the high-end traffic estimation solutions crunch entire traffic data to predict traffic jams an hour before they occur. The solutions also require use of advance equipment like CCTV cameras, RFID tags and readers, GPS and on-board and off-board sensors.  Data analytics and decision support operate in conjunction to provide relevant information useful in taking optimal decisions, as per city‘―s volatile transport needs. Apart from the systems and solutions; services also have a significant role to play in enabling smart infrastructure solution. Services such as business services (consulting, operation, change management, transformation and people management), associated professional services (maintenance, repair, replace, upgrades, or operations outsourcing), and cloud services (business analytics and cloud computing) have gained major traction for supporting smarter infrastructure. The evolution of wireless communications, cloud services, self-optimizing software, and improved operator interfaces in transportation systems provide better information and quick service and reduce congestion and carbon emissions.

The report includes an in-depth study of the market trends, market sizing, competitive mapping, emerging technology segments and market dynamics of the smart transportation market. The industry trends, drivers, and opportunities in the smart transportation market distinctly indicate a noteworthy growth in the next 5 years. The report also provides premium insights that can help the solution vendors and system integrators to identify the needs for modern infrastructure in the global smart transportation infrastructure market.

Accenture Plc, Alstom SA, CISCO System Inc., GE Transportation, IBM Corporation, Indra, Kapsch, LG CNS Corporation, and Xerox Corporation are the leading players for the smart transportation market. With regards to the recent market development; F5 Networks and Cisco introduced BIG-IP and Local Director as two of the earliest traffic management software. IBM has partnered with the New Jersey Turnpike Authority to deploy a new smart traffic system at the two busiest highways: Garden State Parkway and the Turnpike. LG CNS has launched a 3D CCTV camera armed with video analysis engine. The camera is equipped with ‘°Smart Vision Sensors,‘± which monitor and capture frequent human patterns and raise alarms when abnormality occurs. GE has been selected by Singapore Transport Authority (STA) to supply automated train control and supervision, signaling systems for Thomson and Eastern Lines valued at USD 159 million. These are few of the recent technology developments in the smart transportation market.

The smart transportation market size was estimated to be USD 46.72 Billion in 2015 and is projected to reach USD 138.76 Billion by 2020, growing at a CAGR of 24.3% from 2015 to 2020.

Smart Transportation Market

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