TechnoMark News

  According to the report, the global  smart transportation market  was valued at US$ 47.91 Bn in 2020, expanding at a CAGR of 21.3% during the forecast period. Smart transportation integrates different technological features and applications for providing real-time information to improve, innovate and manage transportation systems. These technological features are adopted in all the transportation services including roadways, railways, airways and maritime to improve performance in the transportation systems. Rising technological advancements to enhance customer experience in the vehicles drives the growth of the smart transportation market. Moreover, integration of artificial intelligence (AI), machine learning (ML) and internet of things (IoT) in the vehicles can endorses a better understanding and knowledge about consumer behaviors and thereby, further opt for appropriate solutions and better decision making for consumer’s safety and security. In a...

  According to the report, the global  smart transportation market  was valued at US$ 47.91 Bn in 2020, expanding at a CAGR of 21.3% during the forecast period. Smart transportation integrates different technological features and applications for providing real-time information to improve, innovate and manage transportation systems. These technological features are adopted in all the transportation services including roadways, railways, airways and maritime to improve performance in the transportation systems. Rising technological advancements to enhance customer experience in the vehicles drives the growth of the smart transportation market. Moreover, integration of artificial intelligence (AI), machine learning (ML) and internet of things (IoT) in the vehicles can endorses a better understanding and knowledge about consumer behaviors and thereby, further opt for appropriate solutions and better decision making for consumer’s safety and security. In a...

Smart Transportation Market is accounted for $59.07 billion in 2017 and is expected to reach $237.143 billion by 2026 growing at a CAGR of 16.7% during the forecast period. Growth in transportation infrastructure, rising mega cities and population and rising number of on-road vehicles are the major key factors driving the market growth. However, lack of standardized and uniform technology may hamper the market growth. Some of the key players profiled in the Smart Transportation Market include: IBM Corporation, Siemens AG, Cisco Systems, Inc, General Electric Company, Cubic Corporation, Alstom, Thales Group, SAP, Accenture, Rockwell Collins, Huawei, Cubic, Amadeus, Indra Sistemas and Advanced Navigation and Positioning . Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate transportation systems. Smart transportation systems have emerged to be a sustainable solution to serve traffic management issues. These solutions are a...

Smart Transportation Market is accounted for $59.07 billion in 2017 and is expected to reach $237.143 billion by 2026 growing at a CAGR of 16.7% during the forecast period. Growth in transportation infrastructure, rising mega cities and population and rising number of on-road vehicles are the major key factors driving the market growth. However, lack of standardized and uniform technology may hamper the market growth. Some of the key players profiled in the Smart Transportation Market include: IBM Corporation, Siemens AG, Cisco Systems, Inc, General Electric Company, Cubic Corporation, Alstom, Thales Group, SAP, Accenture, Rockwell Collins, Huawei, Cubic, Amadeus, Indra Sistemas and Advanced Navigation and Positioning . Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate transportation systems. Smart transportation systems have emerged to be a sustainable solution to serve traffic management issues. These solutions are a...

Smart Transportation Market is accounted for $59.07 billion in 2017 and is expected to reach $237.143 billion by 2026 growing at a CAGR of 16.7% during the forecast period. Growth in transportation infrastructure, rising mega cities and population and rising number of on-road vehicles are the major key factors driving the market growth. However, lack of standardized and uniform technology may hamper the market growth. Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate transportation systems. Smart transportation systems have emerged to be a sustainable solution to serve traffic management issues. These solutions are applicable to both public and private transportation and are critical to economic growth. Some of the key players profiled in the Smart Transportation Market include: IBM Corporation, Siemens AG, Cisco Systems, Inc, General Electric Company, Cubic Corporation, Alstom, Thales Group, SAP, Accenture, Rockwe...

Smart Transportation Market is accounted for $59.07 billion in 2017 and is expected to reach $237.143 billion by 2026 growing at a CAGR of 16.7% during the forecast period. Growth in transportation infrastructure, rising mega cities and population and rising number of on-road vehicles are the major key factors driving the market growth. However, lack of standardized and uniform technology may hamper the market growth. Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate transportation systems. Smart transportation systems have emerged to be a sustainable solution to serve traffic management issues. These solutions are applicable to both public and private transportation and are critical to economic growth. Some of the key players profiled in the Smart Transportation Market include: IBM Corporation, Siemens AG, Cisco Systems, Inc, General Electric Company, Cubic Corporation, Alstom, Thales Group, SAP, Accenture, Rock...