Global Smart Transportation Market Trends

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Global Smart Transportation Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Upcoming Report
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Increasing Widespread Adoption of Mobility as a Service (MaaS) Platforms”

The smart transportation market is rapidly growing, fueled by the increasing demand for efficient, sustainable, and integrated mobility solutions. One of the key trend driving this market is the widespread adoption of Mobility as a Service (MaaS) platforms, which offer consumers seamless, on-demand access to various transportation modes through a single digital interface. Companies such as Uber and Lyft are integrating MaaS solutions, allowing users to access services ranging from shared rides to public transport. Furthermore, advancements in connected vehicles and intelligent traffic systems are enhancing safety and reducing congestion in urban areas. For instance, cities such as Los Angeles have implemented smart traffic management solutions that adjust signals in real-time, optimizing traffic flow. This trend of integrating connectivity, big data, and AI into transportation systems is expected to reduce inefficiencies and provide sustainable solutions for urban mobility. As these technologies mature, they are anticipated to reshape the entire transportation ecosystem, enhancing both environmental sustainability and urban living standards.

Frequently Asked Questions

The market is segmented based on Segmentation, By Transportation Mode (Roadways, Railways, Airways, and Waterways), Application (Mobility as a Service, Route Information and Route Guidance, Public Transport, Connected Cars, Video Management, and Others) – Industry Trends and Forecast to 2031 .
The Global Smart Transportation Market size was valued at USD 129.59 USD Billion in 2023.
The Global Smart Transportation Market is projected to grow at a CAGR of 11.1% during the forecast period of 2024 to 2031.
The major players operating in the market include , Kapsch Traffic Com , Gemalto NV , Thales Group , Alstom , MSR,Traffic GmbH , Cubic Corporation , WS ATKINS PLC , Cisco System , Accenture , IBM , LG CNS , Indigo Group , Toshiba Corporation , Schneider Electric , Siemens ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.