Access Full Report Description with Research Methodology and Table of Contents For waterways, smart transportation solutions include port operations and passenger information systems. In the airways segment, smart transportation solutions cover air traffic management, airport operations, and passenger information systems. For railways, solutions include real-time tracking of trains, automated maintenance, and passenger information systems. Smart transportation solutions for roadways focus on traffic management, parking management, and passenger information. The market can also be segmented by mode of transportation, including roadways, railways, airways, and waterways. Integrated supervision solutions provide a centralized view of all transportation-related data to enhance decision-making capabilities. Parking management solutions assist in managing parking facilities and minimizing the time spent searching for parking spaces. Passenger information solutions provide real-time information to passengers about schedules, delays, and other relevant information. Smart ticketing solutions enable passengers to purchase tickets through various modes such as mobile applications, websites, and ticket vending machines. Traffic management solutions focus on optimizing traffic flow and reducing congestion on roadways, railways, airways, and waterways.
Solution types in the market include traffic management, smart ticketing, passenger information, parking management, integrated supervision, and others. The global smart transportation market can be segmented by solution type, mode of transportation, and service type.
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Get Free Sample PDF (To Understand the Complete Structure of this Report ) The transportation and logistics sector is likely to see substantial growth due to the demand for real-time tracking and monitoring of shipments. With the increasing investments in smart city initiatives and the deployment of intelligent transportation systems, the government sector is expected to have a disproportionately large revenue share in the market during the forecast period. Various industries, such as government, transportation and logistics, automobile industry, and healthcare industry, are experiencing an increase in demand for smart mobility solutions. The AI-enabled transportation system has several advantages, including real-time traffic forecasting, proactive maintenance, and intelligent routing, all of which contribute to increased transportation productivity. The incorporation of cutting-edge technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML) is fueling the revenue growth of the smart transportation market. In the future, the market revenue growth is expected to be driven by the use of electric vehicles and other alternative fuels. The use of real-time data and analytics from smart transportation systems enables transportation authorities to optimize routes and reduce fuel consumption. The demand for intelligent transportation solutions is expected to increase due to the need to reduce greenhouse gas emissions and improve fuel economy. This trend is also driving market revenue growth by reducing collisions and fatalities on the roads. The adoption of smart transportation systems has several benefits, including better connectivity, safer and more efficient transportation, reduced traffic congestion, and less environmental impact. The growth in revenue is driven by the increasing demand for advanced transportation options to address urbanization and population growth. NEW YORK, NY, UNITED STATES, / / - The Smart Transportation Market was USD 88.2 billion in 2022 and is projected to reach USD 379.43 billion by 2032, with a compound annual growth rate of 17.6% during the forecast period. Global smart transportation market size was USD 88.2 Billion in 2022 and is expected to reach USD 379.43 Billion in 2032, and register a revenue CAGR of 17.6% Smart Transportation Market to Reach USD 379.43 Billion by 2032, Driven by Leading Companies including Siemens, and IBM
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