A new research document titled, Global Smart Transportation Market is released by AdvanceMarketAnalytics. The market study is a cautious attempt of the industry with strategic steps to the targets of business environment and the ones that are tried to have an essential impression on the progression of the Smart Transportation market. AMA recognizes following companies as the major players in the Global Smart Transportation market which includes Accenture (Ireland), Alstom (France), Cisco System (United States), Cubic (United States), General Electric (United States), Indra Sistema (Spain), IBM (United States), Kapsch (Austria), LG CNS (South Korea), Conduent Inc. (United States), Trimble (United States), TomTom (Netherlands) and Hitachi (Japan).
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. Rise in traffic congestions owing to increase in number of vehicles across the world
is one of the key components driving the development of this market in the following couple of years. "Surging demand of autonomous vehicles in various developed economies such as United States, United Kingdom, France and others
" adds to the investigation what growth market seeks ahead. This causes analysts to concentrate more on regional factors and regulatory and influencing factors ahead of any other approach.
One of the key patterns that will drive the development prospects for the Smart Transportation amid the anticipated period is the Surging government focus on reducing greenhouse gas emission and curbing alarming levels of traffic congestion
. The Transportation Mode, such as Airways, is boosting the Smart Transportation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Smart Transportation market is very focused because of the nearness of many key organizations. The main Manufacturers are focusing on presenting new product/services and are constantly upgrading their existing offerings to keep pace with the overall industry.
The key target audience considered while formulating the study are as follows: Public transportation departments, Managed Service Providers (MSPs), System integrators, Original Equipment Manufacturers (OEMs), Transportation agencies, Consultancy firms/advisory firms, Transportation services providers and Solution vendors
Available Customization: List of players that can be included in the study on immediate basis are The Descartes Systems (Canada), Rockwell Collins (United States), DNV GL (Norway) and BENTLEY SYSTEMS (United States).
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Transportation market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Transportation market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Public transportation departments, Managed Service Providers (MSPs), System integrators, Original Equipment Manufacturers (OEMs), Transportation agencies, Consultancy firms/advisory firms, Transportation services providers and Solution vendors. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.