Smart Transportation Market Worth $102.31 Billion By 2018
The overall smart transportation market, valued at $26.70 billion in 2012, is forecasted to grow at $102.31 billion by 2018, at a CAGR of 23.6% for the period 2013 to 2018. In smart transportation types market, we observe solutions market to be the fastest growing market with CAGR of 22.5%, growing to $66.62 billion by 2018. Apart from the systems and solutions markets, the market for services is also observed to grow at a significant pace. Other than traditional services associated to maintenance, repair, replace, upgrades or operations outsourcing, there are additional services such as consulting (business, operation, change management, transformation and people management) and software services (business analytics and cloud computing) which have gained major traction in this market.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the smart transportation market in North America, Latin America, Western-Europe, Commonwealth of Independent States (CIS) + Eastern Europe, Asia-Pacific (APAC), and Middle East and Africa (MEA).
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