Europe Smart Transportation Market Forecast 2017-2025
KEY FINDINGS The Europe Smart Transportation market is projected to rise at a CAGR of 23.64% for the forecast period 2017-2025. The market accounted for the highest revenue of $24.85 billion in 2016. Over the forecast years, this revenue is set to increase up to $165.21 billion.
MARKET INSIGHTS The market segments include market by solutions and by services. The European market is the second-fastest growing region in the global smart transportation market. The European economies are increasingly gaining momentum after the recent political and economic crisis situation. Also, the fact that the European countries are a major hub for many smart transportation system companies is significantly contributing to the market growth. Connected car technologies, traffic management and control systems and info-mobility are the top three lucrative investment areas in the European smart transportation market.
COMPETITIVE INSIGHTS MSR-Traffic GmbH, Amano Corporation, Cubic Corporation, Kapsch Trafficom GmbH, International Business Machines Corporation (IBM), Accenture, Siemens Ag, Cisco Systems Inc, Orange Business Services, Nedap N.V, Indigo Infra SA, Gemalto NV, Alstom SA, Synapt, and Swarco Ag are some of the major companies in this region.