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The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2020-2026). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems.
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Orion Market Research Global Smart Transportation Market, Size, Share, Analysis Report & Forecast to 2026 To Market: https://www.omrglobal.com/request-sample/smart-transportation-market Request a Sample of our Report on Global Smart Transportation Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
The global smart transportation market is projected to exhibit a significant growth, at a CAGR of around 9.8%, during the forecast period. The major factors responsible for the growth of the smart transportation market includes the growing research and development in the connected technology in transportation, offering a space for the newer trends in the smart transportation market. The growing urbanization and connected technology have been offering growth to the smart transportation market since past few years. Though, there are some new trends that are expected to be introduced in the smart transportation market in the near future. (Get 15% Discount on Buying this Report) A full Report of Global Smart Transportation Market is Available at: https://www.omrglobal.com/industry-reports/smart-transportation-market There are several factors that back up to the introduction of these new trends in the market, such as the partnership amongst the tech companies and businesses, introduction of smart city projects, which are therefore, contributing to the beginning of smart transportation across the globe. As, above all, the transportation plays a significant role in the development of smart cities. India and China are the two emerging economies that have an ongoing smart city projects as a vast level. Apart from these Asia- Pacific economies, several developed economies of the globe, such as the US, Germany, Japan will significantly adopt smart transportation technology in the near future. Therefore, the governments of these economies are trying their hands in the introduction of new trends in the smart transportation. Some of these trends are explained below- • The introduction of connected trains may bolster the public transport facilities across the globe. This will create a more sustainable railway framework of the future. The integration of wireless connectivity in trains will offer dedicated trackside networks along with the cellular network that expects to work in conjunction with dedicated onboard equipment. The wireless connectivity may transform the wasted time into ‘bonus’ time. This indicates that the flight commute leads to the wastage of time, sometimes almost a full working day or a ‘bonus day’. Therefore, with the smart transportation and connectivity, the travelers can get back to work and also spend their travelling time relatively more productively, whether its studying, working, or talking to your friends and family. Moreover, it will let consumers and organizations to adjust their working hours as per the time of the transportation. Smart transportation market will have a better continuous connectivity for the rider, offering real-time CCTV monitoring, which will include behavior analysis and facial recognition. Moreover, the IoT-connected sensors can reduce the cost and optimize fleet usages, such as monitoring brakes, wheels, doors, and cooling system. At the time passenger service updates along with the other services will further reduce cost and enhance operations and services of the passengers. • • To Market: https://www.omrglobal.com/request-sample/smart-transportation-market Request a Sample of our Report on Global Smart Transportation Global Smart transportation Market-Segmentation By Transportation Mode • Railways
• • • Roadways Airways Maritime By Application • • • • Ticketing Management System Parking Management System Traffic Management System Others (Integrated Supervision System) Global Smart transportation Market– Segment by Region North America • • United States Canada Europe • • • • • • Germany UK France Spain Italy Rest of Europe Asia-Pacific • • • • China Japan India Rest of Asia-Pacific Rest of the World Company Profiles •Advantech Co., Ltd. •ALSTOM Holdings •Amadeus IT Group, S.A. •Bentley Systems, Inc. •Cisco Systems, Inc. •Conduent Business Services, LLC •Cubic Corp. •Hitachi, Ltd.
•Huawei Technologies Co., Ltd. •IBM Corp. •Intel Corp. •Kapsch Group •Oracle Corp. •Parsons Corp. •SAP SE •Siemens AG •Stantec Inc. •Thales Group •The Descartes Systems Group Inc. •Toshiba Corp. •Trimble, Inc. Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report. For https://www.omrglobal.com/report-customization/smart-transportation-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. More Customized Data, Request for Report Customization @ For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404