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Smart Transportation Market - Top Services and Solutions
North America region is expected to account for the largest market share during the period 2014–2019. Smart Transportation market consists of cloud services which have the largest market share in the overall Smart transportation market by services. As businesses actively embraces cloud services, the need for more specialized technologies, infrastructure and applications is on the rise.
Traffic management system accounts for the largest market share in the Smart transportation by solutions. Some of the top services and solutions are listed below:
- Cloud Services: The advancement of performance and functions of smart devices brought popularity upon cloud computing as the means to take care of work and manage personal files anywhere and anytime through the internet. As businesses actively embrace cloud services, the need for more specialized technologies and infrastructures is on the rise.
- Traffic management systems: These systems consist of different components such as analytics and decision support system and innovative tools such as roadside sensors, radio frequency tags and global positioning systems. It includes video surveillance, smart signaling and intelligent video management.
The North American market has the largest revenue share followed by Europe and APAC. An increase in investment in the MEA, Latin America, and CIS+ Eastern Europe in the transportation sector has created an enormous opportunity for the start ups and the leading companies operating in this region.
Smart Transportation Market (Ticketing Management, Parking Management, Traffic Management, Smart Signalling System, Multimodal Information System, Cloud Services, Business Services) – Global Advancements, Forecasts and Analysis (2014 - 2019)
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