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Smart Transportation Market Size & Analysis By Solution (Ticketing Management System, Parking Management System, Integrated Supervision System, Traffic Management System), By Services, By Region, And Segment Forecasts, 2014 - 2024

Smart Transportation Market Size & Analysis By Solution (Ticketing Management System, Parking Management System, Integrated Supervision System, Traffic Management System), By Services, By Region, And Segment Forecasts, 2014 - 2024

The global smart transportation market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favorable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth.

Increasing investments in the smart city product is anticipated to open new avenues for growth in the coming years as smart transportation is an integral part of the smart city. The growing government focus to reduce greenhouse gas emission and rising traffic congestion is anticipated to drive the industry growth over next eight years. The growing number of government mandates by the European Union (EU) and Directive on Intelligent Transport System is also anticipated to favor the industry growth over the forecast period.

The requirement of a huge capital for replacing the existing infrastructure with the smart technological advanced system is expected to hinder the industry growth. The long downtime for replacing the existing system may also pose a challenge to its growth and will affect the daily commutation activities.

Further key findings from the study suggest:

Key solutions available in the market include the ticketing management system, parking management system, integrated supervision system, and traffic management system. The integrated supervision system is used for reducing traffic blocks, minimizing accidents, and providing better safety measures and holds high growth potential.

Key services include cloud service, business service, and professional service. The cloud service segment is anticipated to witness a surge in the demand, owing to the requirement for the storage of data generated through these systems.

Professional service vendors offer consulting services and may witness an increase in the demand over the next eight years, owing to the requirement of services for upgrading the existing infrastructure.

The North American region accounted for over 27% of the global revenue share in 2015 and Asia Pacific is estimated to be the fastest-growing segment, offering lucrative growth opportunities for the industry players. The increasing concentration of leading vendors for expansion and technological advancement in this region is expected to favor the regional growth over next eight years.

The European Union (EU) and government initiatives towards enhancing transport infrastructure are also expected to favor the European market growth. The Middle East is anticipated to witness an upsurge in the demand, owing to the increasing government investment in the transport infrastructure.

Key industry participants include Accenture PLC, Alstom, SA, Cisco System, Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machine (IBM) Corporation, Kapsch, LG CNS Corporation, and Xerox Corporation


Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Smart transportation - Industry snapshot and key buying criteria, 2015 - 2024
Chapter 3 Smart Transportation Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Smart transportation value chain analysis
3.4 Smart transportation market dynamics
3.4.1 Market driver analysis
3.4.1.1 Need for road safety
3.4.1.2 Increasing need to reduce greenhouse gas emission
3.4.1.3 Increasing investment in smart city projects
3.4.2 Market challenge analysis
3.4.2.1 Need for interoperability
3.5 Key opportunities - Prioritized
3.6 Industry analysis - Porter’s
3.7 Smart transportation competitor analysis, 2014
3.8 Smart transportation PESTEL analysis
Chapter 4 Smart Transportation Solution Outlook
4.1 Smart transportation market share by solution, 2015 & 2024
4.2 Ticketing management system
4.2.1 Global ticketing management system demand by region, 2015 - 2024
4.3 Parking management system
4.3.1 Global parking management system demand by region, 2015 - 2024
4.4 Integrated supervision system
4.4.1 Global integrated supervision system demand by region, 2015 - 2024
4.5 Traffic management system
4.5.1 Global traffic management system demand by region, 2015 - 2024
Chapter 5 Smart Transportation Service Outlook
5.1 Smart transportation market share by service, 2015 & 2024
5.2 Cloud services
5.2.1 Global cloud services demand by region, 2015 - 2024
5.3 Business services
5.3.1 Global business services demand by region, 2015 - 2024
5.4 Professional services
5.4.1 Global professional services demand by region, 2015 - 2024
Chapter 6 Smart Transportation Regional Outlook
6.1 Smart transportation market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market, 2015 - 2024
6.2.2 North America market by solution, 2015 - 2024
6.2.3 North America market by service, 2015 - 2024
6.3 Europe
6.3.1 Europe market, 2015 - 2024
6.3.2 Europe market by solution, 2015 - 2024
6.3.3 Europe market by service, 2015 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market, 2015 - 2024
6.4.2 Asia Pacific market by solution, 2015 - 2024
6.4.3 Asia Pacific market by service, 2015 - 2024
6.5 Rest of World (RoW)
6.5.1 RoW market, 2015 - 2024
6.5.2 RoW market by solution, 2015 - 2024
6.5.3 RoW market by service, 2015 - 2024
Chapter 7 Competitive Landscape
7.1 Accenture PLC
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Alstom, SA
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Cisco System, Inc.
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Cubic Corporation
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 General Electric Company (GE)
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Indra Sistema S.A.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 IBM
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Kapsch
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 LG CNS Corporation
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Xerox
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
List of Tables
TABLE 1 Smart transportation - Industry snapshot and key buying criteria, 2015 - 2024
TABLE 2 Global smart transportation market, 2015 - 2024 (USD Billion)
TABLE 3 Global smart transportation market by region, 2015 - 2024 (USD Billion)
TABLE 4 Smart transportation market, 2015 - 2024 (USD Billion)
TABLE 5 Global smart transportation market by solution, 2015 - 2024 (USD Billion)
TABLE 6 Global smart transportation market by service, 2015 - 2024 (USD Billion)
TABLE 7 Transport Infrastructure investment, (USD Billion)
TABLE 8 Smart transportation - Key market driver impact
TABLE 9 Smart transportation - Key market challenge impact
TABLE 10 List of key vendor
TABLE 11 Ticketing management system demand, 2015 - 2024 (USD Billion)
TABLE 12 Global ticketing management system demand by region, 2015 - 2024 (USD Billion)
TABLE 13 Parking management system demand, 2015 - 2024 (USD Billion)
TABLE 14 Global parking management system demand by region, 2015 - 2024 (USD Billion)
TABLE 15 Integrated supervision system demand, 2015 - 2024 (USD Billion)
TABLE 16 Global Integrated supervision system demand by region, 2015 - 2024 (USD Billion)
TABLE 17 Global traffic management system demand, 2015 - 2024 (USD Billion)
TABLE 18 Global traffic management system demand by region, 2015 - 2024 (USD Billion)
TABLE 19 Global cloud services demand, 2015 - 2024 (USD Billion)
TABLE 20 Global cloud services demand by region, 2015 - 2024 (USD Billion)
TABLE 21 Global business services demand, 2015 - 2024 (USD Billion)
TABLE 22 Global business Services demand by region, 2015 - 2024 (USD Billion)
TABLE 23 Global professional services demand, 2015 - 2024 (USD Billion)
TABLE 24 Global professional services demand by region, 2015 - 2024 (USD Billion)
TABLE 25 North America market, 2015 - 2024 (USD Billion)
TABLE 26 North America market by solution, 2015 - 2024 (USD Billion)
TABLE 27 North America market by service, 2015 - 2024 (USD Billion)
TABLE 28 Europe market, 2015 - 2024 (USD Billion)
TABLE 29 Europe market by solution, 2015 - 2024 (USD Billion)
TABLE 30 Europe market by service, 2015 - 2024 (USD Billion)
TABLE 31 Asia Pacific market, 2015 - 2024 (USD Billion)
TABLE 32 Asia Pacific market by solution, 2015 - 2024 (USD Billion)
TABLE 33 Asia Pacific market by service, 2015 - 2024 (USD Billion)
TABLE 34 RoW market, 2015 - 2024 (USD Billion)
TABLE 35 RoW market by solution, 2015 - 2024 (USD Billion)
TABLE 36 RoW market by service, 2015 - 2024 (USD Billion)
List of Figures
FIG. 1 Smart transportation market segmentation
FIG. 2 Global smart transportation market, 2015 - 2024 (USD Billion)
FIG. 3 Smart transportation value chain analysis
FIG. 4 Smart transportation market dynamics
FIG. 5 Road traffic death rate, 2012
FIG. 6 Key opportunities prioritized
FIG. 7 Smart transportation - Porter’s analysis
FIG. 8 Smart transportation PESTEL analysis
FIG. 9 Smart transportation market share by solution, 2015 & 2024
FIG. 10 Smart transportation market share by service, 2015 & 2024
FIG. 11 Smart transportation market share by region, 2015 & 2024

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