Lewes, DE -- (SBWIRE) -- 09/12/2017 -- Smart transportation system is a innovative intelligence system which provides innovative services relating to different modes of transport and enable various users to be better and make safer more coordinated and smarter use of transport networks.

The main factors which are boosting the growth of this technology are the time and fuel saving facilities. Other than this there is the continues government support on EU Directive on ITS to manage road traffic efficiently is also helping the growth of smart transportation market. Smart transportation system can further provide safety and security by accommodating smarter communication system in the infrastructure, hence it is helping smart transportation market. ITS also helps in transformation of green fuel such as natural gas and bio diesel.

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Increasing demand to grow a smart city will also help in the growth of smart transportation market as developing a perfect transport system is a part of smart city project. Passenger information solution is expected to hold a large market share. Passenger information solution play a vital role where there is a record between a passenger and the transit agencies which makes their journey safe. Passenger information solutions provide real time information which include current location, estimated departure and arrival time and reasons of disruption. The government and transport agencies are also helping to make use e-cash system which makes the user to make payment from various modes. Smart ticketing is also another useful part of smart transportation market. Smart ticketing facility helps the user buy ticket from anywhere. The process is completely hassle free ,hence the popularity for smart ticketing technology is increasing gradually. This smart ticketing facility is helping the mounting of smart transportation market.

In the coming years the smart transportation market will be witnessing great demand all over the world. Smart transportation market has become a integral part of the development towards creating a smart city. It can be predicted that with the increasing facilities in the smart transportation technology the market will definitely become sky high.

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This report studies Smart Transportation in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering

Accenture plc
Alstom SA
Cisco System Inc.
GE Transportation
IBM Corp.
Indra Sistemas SA
Kapsch TrafficCom AG
Schneider Electric Co.
Siemens AG
Thales Group