Smart Transportation Market: A Look into the Future of Transportation and Forecast (2023 - 2030)

Global Smart Transportation Market was estimated at USD 95.84 billion in 2021 and is anticipated to reach USD 241.15 billion by 2028, growing at a CAGR of 14.09% globally. analysis period {2023-2030}

Smart Transportation Systems uses a wide range of technologies such as traffic signal control systems, automatic number plate recognition, container management systems, or speed cameras such as security CCTV systems to evaluate, manage, and monitor transportation systems to improve efficiency and safety in transportation services. Smart transportation aims at using Artificial Intelligence to shift the burden of transportation infrastructure and managing vehicles from humans to automated technologies, to decrease the human costs of crashes involved. Smart transportation technologies provide innovative services to several transport modes and enable consumers to plan their routes more safely and smartly. Moreover, the development of smart cities will propel the growth of the smart transportation market in the period of forecast.

Analysis of the Top Market Players:

Thales Group (France),Huawei Technologies Co. Ltd. (China),Siemens AG (Germany),IBM Corporation (US),Cisco Systems Inc. (US), SAP (Germany), Cubic Corporation (US), Alstom (France), Bombardier Inc. (Canada), Toshiba (Japan), Harris Corporation (US), Saab AB (Sweden), Veson Nautical (Massachusetts), BASS Software (Norway), Bentley Systems (US), Indra Sistemas (Spain), Trimble (US), TomTom International BV. (Netherlands), Amadeus IT Group SA (Spain), Conduent (US), Kapsch (Austria), Hitachi Ltd. (Japan), Descartes (Canada), Accenture (Ireland), DNV GL (Norway) and other major players

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