Global Smart Transportation are expected to make a significant contribution to the overall industry, with an estimated market to reach USD215.3 Billion by 2027. According to the report, some of the important driving forces behind the market growth are “Rise in traffic congestions owing to increase in number of vehicles across the world and Smooth flow of traffic and time saving in commutation of vehicles”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Manufacturers, additional restraints impacting market are “Lack of standardized regulatory framework for energy sectors” which is continuously seeking attention of Industry Experts and decision makers. The incite area of the relevant players is considered thoroughly in the study with proposition to materialistic things, magnetizing and inducing methods, and the level of conflict within Smart Transportation market competition.

. A lot of small ventures are looking forward to grab the opportunities in emerging regions. These opportunities can be in terms of strategic moves, joint ventures, takeovers, merger and acquisitions. These attractive market trends are further expected to gain traction among the companies in the years ahead.

The Smart Transportation Ecosystem: 2021-2027 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Smart Transportation market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2021 till 2027. The forecasts are segmented by Type (Ticketing Management System, Parking Management System, Integrated Supervision System and Traffic Management System), by Application (Autonomous/driverless vehicles, Route information and route guidance, Shared mobility, Transit hubs, Video management and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).