DUBLIN, December 14, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/l445n9/smart) has announced the addition of the "Smart Transportation Market - Global Forecast to 2020" report to their offering.
The world population continues to soar at an alarming rate; which brings the related glitches such as pollution explosion and unchecked migration to cities. Cities are the most important drivers of economic growth; and the backbone of cities remains the intelligent transportation infrastructure.
Transport is an essential part of a nations economy, allowing individuals to travel from one destination to another and goods and services to be effectively delivered. According to the European Commission, the European Union (EU) loses 1% of their GDP per year due to congestion around the urban area. Only road transport accounts for more than 40% of CO2 emission across the globe and 60% are other pollutants.
Majority of the 1,063 smart cities around the globe each with population surpassing 500,000, are growing at a rate faster than the average urban growth. This opens up new market opportunities for the industry players to grow their business in the smart cities environment.
Investment in advanced infrastructure facilities for appropriate functioning of smart city services is forecasted to be USD 30-40 trillion over the next 20 years. Smart transportation is the core segment in the infrastructure development of cities. The market players are investing about 10% of their annual turnover into R&D to upgrade the technologies and develop new products for smart transportation.
The smart transportation market size was estimated to be USD 46.72 Billion in 2015 and is projected to reach USD 138.76 Billion by 2020, growing at a CAGR of 24.3% from 2015 to 2020.
- Accenture Plc
- Alstom, SA
- Cisco System, Inc.
- Cubic Corporation
- General Electric Company (GE)
- Indra Sistema S.A.
- International Business Machine (IBM) Corporation
- LG CNS Corporation
- Xerox Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Transportation Market Analysis, By Solution
8 Smart Transportation Market Analysis, By Service
9 Geographic Analysis
10 Competitive Landscape
11 Company Profile
For more information visit http://www.researchandmarkets.com/research/l445n9/smart
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SOURCE Research and Markets