Global smart transportation market is expected to reach a CAGR of 19.7% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Solution (Traffic Management Solution, Passenger Information Solution, Smart Ticketing Solution, Parking Management Solution, Integrated Supervision Solution, Insurance Telematics Solution), Service (Cloud Services, Professional Services), Transportation Mode (Roadways, Railways, Airways, Waterways), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Industry Trends and Forecast to 2026
Major growing sectors under the market segmentation are as follows;

In solution, traffic management solution segment is highly used due to increasing demand for monitor various roadways as well as controlling traffic congestion. Because of this traffic management solution market is growing at the highest CAGR.

In service, cloud services segment are growing at the highest CAGR due to increasing demand for managing traffic control with the help of cloud based intelligent transportation systems.

In transportation, airways segment is growing with highest CAGR rate due to growing developments and high usage of smart technologies in areas such as North America, Europe and other regions.

Key Market Players

The key market players for global Smart Transportation market are listed below;

Kapsch Traffic Com
Gemalto NV
Thales Group
Alstom
Schneider Electric
Siemens Ltd.
MSR-Traffic
Cubic Corporation
WS ATKINS PLC
Cisco System, Inc.
Accenture
IBM
LG CNS
Indigo Group
Toshiba Corporation