MarketResearchReports.biz has announced the addition of a new report titled “Transportation for Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”.
Albany, NY -- (SBWIRE) -- 08/17/2018 -- The report on the global https://www.marketresearchreports.biz/reports/1864539/transportation-for-smart-cities-market-research-reports">transportation for smart cities market offers a granular assessment of various elements of market dynamics, emerging avenues, lucrative prospects, key technological advances, and the competitive landscape in various key regions. The drive for transportation for smart cities stems from the rising need for effective solutions among city planners to reduce traffic congestion and bolster mobility.
The rising demand for smart transport solutions incorporating internet of things (IoT) technologies and a range of connected solutions is a key factor driving the market. The attractive strides being taken by connected vehicle technologies in the transportation sector world over is a crucial trend catalyzing the market expansion from 2018 to 2025. The substantial need for robust technologies in various smart cities to optimize the usage of public transport is bolstering the demand for smart transportation solutions in various parts of the world.
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Giant advances being made in the information and communications technologies used in the transportation systems, such as sensors and cloud, are propelling the growth of the market. Sizeable investments being made by governments in various developing and developed nations to bring constant advancements in the transportation of smart cities are boosting the market.
Large-scale funding by manufacturers of automotive electronics, mobile devices wearables, and vehicle-to-infrastructure systems are aiding in the swift expansion of the market. The transportation for smart cities is expected to substantially benefit from collaborations among these manufacturers. The growing adoption of transport technologies aimed at improving the safety and comfort in driving is fueling the market growth. In recent years, developed regions such as North America and Europe have witnessed staggering adoption of smart transport solutions such as electronic toll collection, smart parking systems, and multi-level parking.
The rapid deployment of cloud-based transport solutions in smart cities in several countries of Asia Pacific is a significant trend expected to add to the overall revenues of the global market over the assessment period. The market is also benefitting from initiatives being undertaken by original equipment manufacturers (OEM) in implementing advanced e-mobility solutions. Rising investments by policy holders in bolstering public transportation in developing countries are accentuating the growth of the market. The rising investment by governments in the telecom sector is also expected to bring advancements in transportation for smart cities. Furthermore, growing research on developing better connectivity solutions is expected to pave way for attractive avenues for market players in the coming years.
Some of the prominent players operating in the transportation for smart cities are Toshiba Corporation, Hitachi Ltd., Ericsson, Siemens AG, Schneider Electric, Oracle Corporation, Microsoft Corporation, IBM Corporation, Cisco Systems, and Huawei Holding Co., Ltd.
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