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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).

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defence and telecommunications and IT [ http://www.marketsandmarkets.com/telecom-and-IT-market-research-113.html ].

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com.

Contact: Mr.  Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-6006-441 Email: sales@marketsandmarkets.com http://www.marketsandmarkets.com MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com http://twitter.com/marketsmarkets http://www.facebook.com/MarketsandMarkets http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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