Smart Transportation Market

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Smart Transportation MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• Smart Transportation Market forecast to reach
  292.5 billion by 2026, at a CAGR of 16.5 during
  2021-2026. Increase in urban population, various
  government regulations, growing smart city
  initiatives assist in developing connected
  vehicle technologies such as Vehicle-to-Vehicle
  (V2V) and Vehicle-to-Grid infrastructure (V2I).
  For instance, Indian government provided funding
  of 7.6 billion for the development of smart
  infrastructure and management services under the
  smart city initiative program over a five year
  period from 2016 to 2021. Such investments and
  initiatives are likely to improve the smart
  transportation market.

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• Key Takeaways
• Asia-Pacific is the fastest growing region in the
  smart transportation market owing to the
  government initiatives for development of smart
  city solutions in this region.
• According to Smart transportation market
  analysis, technological innovations such as
  Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid
  infrastructure (V2I), are making transport
  systems more efficient, reliable and brought
  major changes in the way everything operates.
• Smart traffic management solutions hold the
  highest share in smart transportation due to
  smart traffic management systems, which are
  inbuilt with sensors and regulate the flow of
  traffic by reducing traffic congestion.

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By Distribution Channel- Segment
Analysis Roadways account for the highest share
in the smart transportation market. According to
the report given by United States Environment
Protection Agency in 2019, the transportation
sector generates the largest share of greenhouse
emissions accounting for 26 percent of total
emissions globally. The adoption of smart
transportation solutions, such as compressed
natural gas, smart fuels and connected vehicles,
helps in reducing the total vehicle carbon
emissions and enhancing the environmental safety.
The railway sector is expected to grow at the
fastest rate over the forecast period. It carries
billions of tons of freight and passengers each
year, which results in the development of
efficient smart rail infrastructure and
technologies.
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• Smart Transportation Market Industry Outlook 
•  Accenture PLC,
• International Business Machine (IBM) Corporation,
  
• Kapsch,
• Alstom, SA
• Cisco System, Inc.
• General Electric Company (GE).

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Smart Transportation Market Forecast (2021 -
2026) Learn More About the
Report _at_ https//www.industryarc.com/Research/Sm
art-Transportation-Market-Research-500894
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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